Join Plum’s 52-week savings challenge
I am a huge advocate of Plum savings app. I have spoken about it on this blog as well as on BBC Five Live. So I was only too happy to share their 52-Week Challenge to help you save money this year. Christmas and New Year is always a demanding and stressful time. Saving a little each week takes the stress away. Your future self will be thankful of it!
The 52-Week Challenge rule is designed to help you set aside up to £1.378 in one year. Here’s how it works: We start by saving £1 in the first week. Then, each week we add £1 more than the prior week. So, in the second week, we set aside £2, in the third week, we set aside £3, and so on.
- Week 1: £1
- Week 2: £2
- Week 3: £3 . . .
- Week 51: £51
- Week 52: £52
By the end of the challenge, you’ll have saved a total of £1,378. Before you start the 52-Week Challenge, you can check out a special calendar in the app. It shows you how much money you’ll save each week in detail.
The money deposited from the 52-week rule is going to your Primary Pocket or the destination of your ‘Splitter’ settings. It’s not going into a special pocket.
This feature is included only in Pro, Ultra, and Premium plans. It’s available in the UK and all the EU countries.
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
I downloaded the app Plum, which has been incredible. I have linked up all of my personal bank accounts and credit cards to the app. Now I can see at a glance how much money I have in each account. I also save using their high interest account and signed up to the 52-week challenge.
Read my article on the Plum app.
Read my article on how to build up an emergency fund, even on a budget.
In full disclosure, if any of you download the app, I might get an affiliate payment from Plum at no cost to yourselves if you download the app using this link.
Plum is…
The app that gives your money that ‘look, no hands’ feeling