Join Plum’s 52-week savings challenge
I’m a huge advocate of the Plum app. I’ve spoken about it here before. I even mentioned it on BBC Five Live! So, when they asked me to share their 52-Week challenge to help you save this year, I couldn’t say no.
It’s the perfect way to help put money aside for expensive times of the year (like Christmas!). Saving a little each week makes a huge difference and, trust me, your future self will thank you.
The 52-Week challenge is designed to help you set aside up to £1,378 in a year. This is done with an easy, gradual approach.
Here’s how it works:
It’s simple:
- In week 1, you save £1
- In week 2, you save £2
- In week 3, you save £3…
And so on, until week 52, when you save £52. By the end of the challenge, you’ll have saved a total of £1,378 – the perfect rainy day fund.
The money deposited from the 52-week rule goes straight into your Primary Pocket, unless you’ve used the app’s ‘Splitter’ to direct it to one of your interest-earning Pockets.
Things to know before you start:
The feature is available as part of Plum’s Pro, Ultra and Premium plans in the UK and, its Pro and Premium plans across EU countries.
Disclaimer: Plum is not a bank.
How to set it up:
- Open the Plum app and go to the ‘Brain’
- Tap on the 52-Week challenge and toggle it on or off whenever you want
- Use the handy calendar to track your weekly progress
I signed up for the 52-Week challenge this January because I want to kickstart my savings and be financially ready for the end of the year. Why not join me and take the stress out of saving?
How to Set Up
Please follow the steps below to set up the Pay Days rule properly.
- Open the app and find the Brain.
- Tap on the 52-week challenge.
- You can turn it on or off, like a light switch. Before you turn it on, you will see the calendar mentioned above. It shows you how much money you’ll save each week in detail.
Stay on track with your spending with the app Plum
Read my article on the Plum app.
Read my article on how to build up an emergency fund, even on a budget.
Disclaimer: In full disclosure, if any of you download the app, I will get an affiliate payment from Plum. This occurs at no cost to yourselves if you download the app using this link.
