Take the 52 Week Money Challenge and Easily Save Rs. 1,00,000 (One Lakh)

Here's a really simple savings plan that anyone should be able to do and end up with Rs.1,37,800 more socked away by the end of the year. It starts with saving just Rs.100 the first week

The next week, save Rs. 200. The third week, save Rs. 300...and so on. While these are tiny amounts, as the chart below shows, they add up to a big difference. Whether you're still working on your an emergency fund or want to earmark these savings for something special, it'll be gratifying to see your savings grow each week.


52 Weeks Saving

For even more savings, do it in reverse. Start with week 52 and go backwards, so you can take advantage of greater compounding in your savings account


The 52 Week Money Challenge has been floating around the web since at least the start of this year. (I'm not sure who the original source is, but the link below is the earliest mention I could find.) It seems like an ideal challenge to take on for the new year—or get a jump on it now.

http://www.freebeerandhotwings.com/b/The-52-Week-Money-Challenge-Seems-Easy!-Picture/-595904979145919644.html (they are doing in $$$)

download the above table in Word file and take a print.
or
Download an Excel file that calculates the accumulated amount (just change first months amount and see the magic ) 

Happy Saving


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