Saving Challenges 2021 💸 £5 & £2 CHALLENGE, 52 WEEK CHALLENGE 💸 UK Cash Savings

In today's video, I am sharing the saving challenges I am attempting for 2021. These are 5 easy savings challenges you can try, including the £5 savings challenge, the £2 savings challenge and the 52 week challenge. Links below :)

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DISCLAIMER: I am not a Financial Adviser and do not offer Financial Advice. I create these videos for education and entertainment purposes.

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[NicolaatTheFrugalCottage]

Are you going to join me? Which one are you going to try? ☺️

[paulamonaghan]

For the 52 week challenge (which I did in 2020) I put in $1 the first week, $52 in the second week, $2 in the third week, $51 in the fourth week and so on. This way it averages $106 every 4 weeks. Much more manageable on a fixed low income. I will be doing The Budget Mom challenges this year though I do save any $1's and $5's that are leftover from my spending envelopes at the end of the week.

[valeriewheeler]

Hi, well my first thought on the 52 week challenge was what about tipping it on its head? So that you start with the £52 in first week of January (nice esp. if you have got given some money as an Xmas gift?) so that not only do you have the momentum of putting in £1 less each time but by the second half of the year (when we have lots of family birthdays to pay for) you are on the “home straight” as it were and Xmas is much more manageable getting to the £2 and £1 to finish with. Just a suggestion. Love your ideas x

[rev.ruthe.gallot]

Wow! You are ambitious... good for you taking on so many at once. I am doing two, the first is similar tot he 52 week challenge but I, too, was woried about all the big amounts being at the end of the year right near Christmas and so I made a chart with boxes for each amount and my modification is that I can put in any amount that is not ticked off yet. That way I can out in one of the large amounts on a pay day when I do not have many bills and closer to the holidays or on a week when things are financially tight I can give myself a break and choose one of the smaller amounts. My second one is similar to the left over challenge except that I also add in any "found money" money that comes my way that is not part of my normal pay - gift money, rebates, side income, etc. I wish you success taking on all of those at once, I think that is great!

[Esmebudgetz]

The 52 week challenge you can just do it in any order you don’t have to necessarily follow it as in 1-52 so I do the big ones first and work my way to the smallest- still works out exactly the same amount at the end of the year x

[helencourt]

I think I will do the 52 week and penny challenges in reverse. £52 first week in January etc.
I have done £1-£7 Monday to Sunday for the last couple of years. I like the daily ones as they feel more like active savings

[Bindersandcash]

Like usea of 52 week challenge as l have already been saving dince november, and going to try save the off five pound note, love 50p as well x

[WhatEmmaDidNextUK]

I’m gonna try the £2 challenge and leftovers. My business is on hold until the virus is gone so money is a real challenge at the moment so I don’t want to overreach..!

[scrapbookshopplanner]

I love these ideas but no one uses cash near me at the moment. A lot of places specifically say they only want you to use card. How do you get round this?

[lauralee]

I downloaded the 52 week app, it lets you tick off what you save as you go. Once a month I select an higher amount to save. So that I am not left with all the larger amounts at the end of the year.

[samanthaduggan]

I think il try the leftover challenge 🤔

[dancarter]

I think about £5'000 and im plans on doing the 365 day challenge