At present, I am taking on the 52 weeks money challenge! It sounds fairly easy enough when you start it, saving less than a 100 in the first 10 weeks, but it's bound to get more difficult after. On searching for checklists I can use though, I only find guides in doolars. Thus, I'm doing this without any regard for the balance with increments of P 10 rather than P 1. If this proves quite successful a challenge, I might just consider doing this annually, and increasing the increments if I'm able to. Being blind to the end balance means, I'll only find out how much I've actually saved at th end of the 52nd week.
If you feel like starting your own challenge, it's always a good idea to start with a small amount. Set a day during the week when you'll be setting aside your money challenge dues. If you're the type who gets motivated seeing your savings grow, by all means, recycle a clear bottle to serve as your personal bank. If you're going traditional, choosing a coin bank is always a good option. You can also create a checklist for yourself if you're really more into visual motivation, or you can make use of technology and set a 52-week long reminder on your smartphones, tablets or any gadget you use.
There are many wyas to go about it, but at the end of the day, it'll always be exciting to take on new challenges that make you a better person and help teach you about saving and budgeting. Come to think of it, this is actually quite a good exercise to teach kids!
