hey guys and welcome back to my channel where we talk about legitimate ways to make money
from home, save and invest. My name is Whitney Bonds and in today's video we're gonna be talking
about the 52-week money challenge. Now this is the perfect time to start a challenge if you're trying
to build up your savings for an emergency fund, a vacation, down payment on a house or whatever
and if you guys are watching this video after January don't think that you have to start at
the beginning of the year because it all just really just starts whenever you're ready to say
let's do this. So I recommend that you start this challenge at the beginning of a new week
or a new month because psychologically just starting a new week or a new month it just gives
you the sense of having a fresh start. Now there are a couple of versions of the 52-week money
challenge that I'm going to quickly cover and let you guys decide which one that you want to do.
Now the last one I'm going to share with you guys is a 52-week money challenge to
10 000 that I know most people can do and I'm going to show you exactly how. I'm also
going to show you how you guys can save for these challenges so make sure you stay tuned for that.
The best thing about these challenges is that it just creates a habit of saving consistently,
so well after this challenge is over you're going to be so in the habit of saving that it just
becomes second nature. They say on average that it takes about 66 days for a new behavior to become
automatic so get ready to have that peace that if an unexpected bill occurs or circumstances occur
you're going to be okay money-wise because you're going to have that money saved.
I know money doesn't solve all your problems but it does solve money problems. so the first
52 week money challenge I want to share with you guys today is to save up to 1 378 dollars.
i want to cover this one pretty quickly because i want you guys to think bigger but this is how it
works so during the first week of the year you save one dollar during the second week of the
year you save two dollars you keep adding a dollar each week so that during the last week of the year
you're going to be putting away 52 now this method is good for people who are just building up the
habit of saving or just having limited funds and are working on increasing their income now I'm
gonna put this printable in the description below just so you guys can follow along and make sure
that you hit your goal. Next is the 52-week money challenge to 5 000 so with this one you start by
putting $25 during the first week away then during the second week you're gonna put $35 during the
third week you're gonna put $45 and each week the amount you save gets progressively bigger now i'm
going to put this printable in the description below in case you want to follow this one as well.
All right now to the 52-week money challenge to ten thousand dollars that i hope you can all try
so with this one get ready you start off saving a hundred and twenty five dollars the first week
then it's a hundred and fifty dollars the second week then it's 175 the third week three hundred
dollars in the fourth week and it gets even more aggressive the very last week of the challenge now
you're basically saving seven hundred and fifty dollars a month with this challenge. Now i know
this is a lot of money and i actually wouldn't recommend that you actually follow this chart
but i'm still gonna put it in the description below because this chart does work for some people
but i would do this a little different and focus on doing this every two weeks putting
370 away now this might work a lot better for other people who get paid every two weeks as well
so i'm gonna put this printable in the description below along with a blank version so you can make
it your own. So if you think this is impossible let me give you five quick things to think about
before you just go ahead and shut me down the first tip i have for you guys is to sign up for
research studies so this is totally free to do and you can earn up to four hundred dollars per study
now there are a lot of companies that do this but i've only found two legitimate companies
that have worked for me and i'm gonna put those two companies in the description below
so you guys can check those out you should also consider things like selling products on amazon
using their fba program i interviewed a mom on my website who did this after losing her job she
was just doing this part-time trying to make some extra money and she ended up making a six-figure
income by just selling products on amazon. she created a free work or a free email series that
my sister ended up taking and then my sister after about three months of just trying to get started
she started making two thousand dollars on the side. that's how i know that if you guys can just
pick this up as a side hustle you can knock this challenge out of the park and i have a list of 30
plus ways that you guys can make extra money from home that i'm gonna put in the description below
just so you know what your options are and just to let you guys know that you can hit your goal
there are so many ways that you may not even have considered that you can make money so definitely
check that out if you guys are interested in making more money so you can make sure that
you can hit this goal the next tip is to try to negotiate your current bills. so we are going
through a pandemic right now and interest rates are crazy low so if you live in a house or have
a car loan can you refinance for a lower monthly payment or when was the last time that you called
to negotiate your cable bill, your phone bill or insurance? all you need to do is call to see what
they can do to lower your monthly bill because companies right now they need your business now
more than ever and they are willing to do whatever it takes to keep you so if you have not done this
in the last year make sure you guys do that today i mean it depends what time it is but
make sure that you do it today or tomorrow because the possibility of you being able to save some
money is very high especially right now. Now i'm hoping you guys can save at least a hundred
dollars from doing the different negotiating with your bills and you can put that hundred dollars
towards your goal each month. The next tip for you guys is to look through your last two months of
expenses and see what monthly expenses you can try and cut or reduce and put that money that
you're reducing towards your savings goal because the goal what i'm trying to do here is to try and
figure out how you can reach this goal with your current situation. the next tip i have for you
guys is to cash in on cash back bonuses i did a 60 second video that talks about how my husband
and i we get 600 of free cashback money by the end of every year by just using our credit card
now the only way this works is if you can pay your monthly statement off in full
now if you can do that you definitely should take advantage of this because this is free money and
you can put that 600 or however much you earn towards your savings goal i'll put that video in
the description below if that's something that you guys are interested in. now this next idea is not
for everyone but if you want to lose weight did you know that you can make money while doing it?
you could possibly scrap this whole entire challenge and still make ten thousand dollars
from a company called healthy wage. now healthy wage is a company supported by the government to
incentivize people to lose weight by putting their own money at risk with the potential of earning up
to ten thousand dollars. now i have a couple of success stories on my site who have done this and
gone through the whole entire process and one of the women won ten thousand dollars so if you guys
want to check that out i'm gonna put that article in the description below so you can check it out
and see if this is something you're interested in so by cutting down your expenses and making extra
money you definitely can reach your goal of saving ten thousand dollars by the end of the year but if
you do not stick to this challenge you will not meet this goal that's why i want to stress to you
guys the importance of having an accountability partner you know find a friend to do this with or
if you don't have anyone to do this with maybe you can put in the comment section below that you're
looking for an accountability partner and then someone will want to partner with you. there's
this saying that i don't know if you guys have ever heard it before but it says something like
you won't have a better friend than an internet friend because they're so supportive and it is
very true so if you don't have an accountability partner try and find one in the comment section
below. if you don't want to do this with anyone but still want some accountability
there's an awesome tool that i really want just everyone to use even if you have an accountability
partner i would love for you guys to use this tool because it's better than a printable it actually
customizes it to your situation and it creates it like a bill so every single week or every two
weeks however you want to design it it'll create like a notification for you to help you guys stay
accountable. now this is a 12 one time fee that i highly recommend and they actually have a 30-day
trial a free trial for you guys to check it out so if you guys are really serious about doing
this challenge i highly recommend it that you use this format because i think it will really be able
to hold you accountable and it will set it up to your unique situation so i'm gonna put this tool
in the description below so you guys can use this as a way to stay accountable for this challenge
no matter which one you choose. so now, how do you actually save for these challenges? well i highly
recommend opening a brand new bank account ideally a different bank from the one that you currently
have just so it won't be so convenient to take money out of it. now i recommend getting an
online bank like ally or capital one because they have a high yield interest rate and you
can let your money work for you by earning with interest risk-free so just let your money work
for you while you're doing this challenge and make some extra money doing that. doing it this
way you can transfer money into that account each week or just kind of whatever works for you. just
remember it's not how you save it's that you save. I want to know what time do you want to do
is it the one to get a thousand three hundred and seventy-eight dollars, five thousand or ten
thousand dollars I'd love to hear from you guys and thank you for watching. let me know if you
have any questions be sure to subscribe to this channel because i'm always talking about different
ways you guys can make money, save and invest and hit that bell for notifications so you don't miss
out on a video. I hope you guys enjoyed this video and thanks for watching have a great day