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The hardest part about saving is….STARTING!
Are you tired of not saving money at the end of the month? Feel like you are constantly living paycheck to paycheck?
You have to make a decision to start saving money.
Are you up for this money saving challenge in 2020?
Because of freewill, you have the choice to save or not to save. That is completely up to you.
One key hint… the more money you can save now, the faster you can reach financial freedom.
Background on Save Age Challenge
I was speaking to a friend about their family struggles to save money. The thought of trying to squeeze one more dollar out to save was unthinkable. Reaching $50 a month to save was totally out of the question.
So, I posed the question, “Can you save your age?”
She said, “Of course, I can save my age?”
Wait a minute.
I thought you said saving $1-50 per month was unthinkable. But, now you are telling me that you can save your age in dollars?
That is when the Save Age Challenge formed.
Small steps to saving money.
It is all about perspective. For some reason, we correlate our age differently than we do typical dollar amounts. Regardless, it is a technique that works.
Related Resource to Help You: How to Save Money (Simple & Easy Tips)
Understand the Save Age Challenge
Simple. Easy. Start.
Every week or month deposit your age in dollars to a separate bank account. This could be a regular savings, Roth IRA, college savings, online savings account – whatever type of account you want.
You have to decide what will work better for you – weekly or monthly deposits.
However, the key is you cannot withdraw money until you finish one full year. 52 weeks of saving under your belt!
Why can’t I withdraw money? Because you want to prove to yourself that you can save money and not spend it immediately.
Period. Deposit. Save.
This is your first small steps to saving money.
How the Save Age Challenge Works:
Just to recap on this money saving challenge:
- Decide if the Save Age Challenge will be done on a weekly or monthly basis.
- Each week or month deposit your AGE in dollars to a separate bank account. (You can deposit more – Extreme Challenge, too!)
- Make no withdrawals in the account for ONE FULL YEAR! 52 weeks in total!
- Prove to yourself that YOU CAN SAVE MONEY!
How much could you save each year by just saving your age?
Join the Save Age Challenge
For instance, if you are 27 years old, then with the Extreme version, you would be saving $270.
Maybe you are really fired up to save money and trying to reach saving 50% of your income.
Then, go for the Double Extreme Save Age Challenge! Add two zeros to your age!
With the Double Extreme Save Age Challenge, the same 27 year old would be saving $2,700.