Saving ideas

How to save for travel and adventures

One of the things that stop more people deciding to travel is money. But the idea that only rich people can travel is wrong. We believe that if you want you can, it’s just not as easy… but nothing great is easy!

Today we’d like to share with you a new idea to save money for big dreams and travels. We found it online last year and we are doing it during 2014. We hope we’ll save enough for a new BIG TRAVEL soon!

Do you know the 52 weeks money challenge? Well, we started it on January 1st but after a couple of weeks we realize it would be really challenging at the end of the year. So now, taking this great idea from the blog “pocket your dollars” we are going to do the opposite.

So, in spite of: Saving increasing amounts each week. Start with $1 during week one. Then, increase your savings by $1 each subsequent week. That means in week 37 you save $37 and on week 52 you sock away $52. Which is the “52 weeks money challenge idea”.

We are doing this: on the first week set aside $52. Then next week, we decrease the amount and save by a buck and set aside $51. On week 37 we’ll save $16 and on week 52 we’ll save a whopping $1. Why? On the blog they have a perfect explanation that we share:

  • Immediate results. After four weeks you’ll have an extra $202. Under the rules of the other challenge you would have saved a measly $10. In fact, it’d take you until week 20 to save $200+ under the other system. After 4 weeks of doing this the PYD way, you’ll have something real and valuable to show for your efforts. Don’t believe that immediate results matter? We do!
  • Get the heavy lifting done. If $202 seems like a lot of money to save in January, then trust it, it’d be an impossible amount for you in December. Let’s do the hard work right now, when our motivation is highest. Then, come next Christmastime we only need to find an extra $10 in our budget. Nice!
saving excel
Excel example for 52 weeks saving
(We are doing it with euros no dollars, but the idea remain the same.)

They even recommend not to save it in a jar… but we love this romantic idea, so at the moment we are still doing it that way. Maybe when the amount is bigger we’ll deposit it in the bank!

Good luck with your savings travellers!!

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