Among your purposes is save money? If you want to order your personal finance, you can try the 21 week challenge. Here we explain how it works and how you can reach your goal-
The 21-week challenge will help you make your 35,000-peso ‘stash’ in cash, with only the instructions that this challenge indicates. In addition to having the reward of a little money more, you will be able to raise capital and acquire this financial habit for which you have a routine in which you never need a savings fund and it grows to get a down payment on a car or a house, retirement plan, emergency fund, among others.
For the moment, you will have to focus on this first challenge, where you will start a good season to save and then you won’t break those financial goals. All this will begin by preparing your piggy bank, which must be of a good size and you will pay the initial payment indicated by the following payment model:
Week | contributions | Accumulated |
1 | 1000 | 1000 |
2 | 1100 | 2100 |
3 | 1200 | 3300 |
4 | 1300 | 4600 |
5 | 1400 | 6000 |
6 | 1500 | 7500 |
7 | 1600 | 9100 |
8 | 1700 | 10800 |
9 | 1800 | 12600 |
10 | 1900 | 14500 |
eleven | 2000 | 16500 |
12 | 1990 | 18490 |
13 | 1980 | 20470 |
14 | 1970 | 22440 |
fifteen | 1960 | 24400 |
16 | 1950 | 26350 |
17 | 1940 | 28290 |
18 | 1930 | 30220 |
19 | 1920 | 32140 |
twenty | 1910 | 34050 |
twenty-one | 950 | 35000 |
Total | 35000 |
When making the first contribution, you will have to cross out the first box of the table, which you can print or transcribe in a notebook, so that you do not lose count, so you review it each time you have to pay a payment, then you will remember to locate the amount to deposit.
From a payment of 1,000 pesos with which you start, you will gradually increase the bet by adding 100 pesos in each payment to approximate your ideal savings capacity, according to your monthly budget until you reach the maximum point in week 11 to begin to descend gradually as you approach the end.
The table will be a guide in which you can see at all times how much you have saved, you just have to be punctual and constant with your payments and you will see that it becomes your usual routine.
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