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Anyone doing the 52-week money challenge in 2021?

2 replies

BarryWhiteIsMyBrother · 30/10/2020 12:58

Just that really. I heard of it through a colleague and thought it sounds quite good (at least at first when you don't have to to put away loads each week). You end up with £1378 (or whatever your currency is). He wanted to buy something for his drum kit so saved up for a year and during that year researched exactly what he wanted to buy. Apparently the whole process of planning, researching and seeing your pot grow was so good his wife is going to do it too in 2021. Here is how it works: www.wealthsimple.com/en-gb/learn/testpage Anyone else has done this or is planning to?

OP posts:
Simonsaysitschristmas · 30/10/2020 13:01

I would be tempted to do it the other way around - so start off putting in £52 and work my way down. Although I’m sure it would get tedious in December only watching it rise by a few pounds.

BarbaraofSeville · 30/10/2020 13:04

Seems awfully complicated when you could just set up a standing order for £115 pm and forget about it for a year.

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