Savings Challenge: Collect over 20,000 pesos in just 20 weeks

He save a weekly amount can help you live more peacefully and prepare for any inconvenience that may arise, contrary to what many think, put one aside amount of money can be done easier if you have a simple diagram and some motivation to reach the goal, likewise, if you are consistent in this saving, it can become a financial habit that will benefit you in the long run, so it is worth trying.

With this need Save money Different strategies have emerged to achieve this, in many of them it is not necessary to have savings account with a bank, as this can be done with the species And all you need is a piggy bank or a box where the money you collect is safe inside your house and if you have never managed to save money before, this is your chance to do so.

The savings challenge that will make you collect more than 20 thousand pesos

For this way of saving, you only need 20 weeks and a fairly simple scheme. The point of this savings fund is to be able to contribute a little more than thousand pesos per week and do not touch this money until you have completed exactly 20 weeks, to achieve this you can guide yourself with the following diagram where you can mark the number of the week in which you are, as well as the amount that corresponds so that little by little you see how you approach the goal.

At first it may be difficult to remember the system of this challenge, but over the weeks you will train yourself to make it a financial habit; Likewise, experts in finance They recommend setting a clear goal so you can find motivation to keep saving and if it’s not sustainable, you can help someone else save collectively as you get used to it. only.

As long as you don’t stop making your subscriptions, you can get the total payments on the scheduled date, so it is advisable to start as soon as possible to get paid as quickly as possible and even start over to pursue new goals.

The importance of having healthy personal finances

Have healthy personal finances It is essential to achieve economic stability, reduce stress, have freedom and autonomy, achieve goals and be prepared for the unexpected. This is fundamental to achieving a balanced and satisfying financial life:

• Economic stability: Keep some healthy personal finances ensures economic stability. This means having control over your income and expenses, avoiding excessive debt and ensuring a balance between your income and your financial needs.
• stress reduction: The constant concern for financial problems This can generate a high level of stress and anxiety. By having personal finances in order, the emotional burden of debts, late payments and uncertainty is reduced economicwhich contributes to a better quality of life.

• Freedom and autonomy: Good financial health gives you freedom and autonomy to make decisions. Having control of your finances allows you to make decisions based on your goals and Personal valueswithout depending on the financial aid of third parties.

• achievement of objectives Goals: Healthy personal finances allow you to set short and long term financial goals and work towards them. This includes save for emergenciesbuy durable goods, invest in your education or plan for your retirement.
• Preparing for the unexpected: Having a financial reserve gives you greater security in unforeseen situations, such as a disease, job loss or major repairs. This allows you to deal with the unexpected without compromising your financial stability.