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A simple budget trick called the & # 39; 52-week challenge & # 39; has taken social media outrageously, thanks to the water-saving way of saving that can save you $ 1,378 in just 12 months

A simple trick to help you save as much as $ 10,000 a year has been captured by social media – and if you start now, you can use the easy-to-win funds for next year's summer vacation.

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Synchronized with the & # 39; 52-week challenge & # 39 ;, the simplest version of the method encourages you to save $ 1 in the first week, $ 2 in the second and so on, rising steadily for 12 months to invest a decent $ 1,378 in one year.

The challenge, which was first shared in the popular Australian Facebook group Mums Who Budget and Save, is a great starting point for spinners for the first time, with October as the best month to start building your piggy bank for the summer holidays from next year.

The smart trick has generated hundreds of likes and reactions from smart releases, with many mentioning the challenge of financing foreign travel and birthday gifts.

A simple budget trick called the & # 39; 52-week challenge & # 39; has taken social media outrageously, thanks to the water-saving way of saving that can save you $ 1,378 in just 12 months

A simple budget trick called the & # 39; 52-week challenge & # 39; has taken social media outrageously, thanks to the water-saving way of saving that can save you $ 1,378 in just 12 months

Many have credited the challenge of financing travel abroad and birthday gifts with a woman who shares her savings (photo) that she plans to use for her next family vacation

Many have credited the challenge of financing travel abroad and birthday gifts with a woman who shares her savings (photo) that she plans to use for her next family vacation

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Many have credited the challenge of financing travel abroad and birthday gifts with a woman who shares her savings (photo) that she plans to use for her next family vacation

A woman recommended turning the challenge upside down, saving $ 52 in the first week and reducing the sum as the months pass to ease the financial burden during Christmas time.

& # 39; I've also seen the opposite, starting the year with $ 52 large and lowering with $ 1, so by Christmas you don't have to bank that much every week & # 39 ;, she wrote.

Different versions of the 52-week challenge have done the rounds in Australian budget groups on Facebook.

One method from Proven and real mother jobs, means that you deposit between $ 125 and $ 325 per week for 12 months to deposit $ 10,000 in just one year.

& # 39; The 52-week money challenge up to $ 10,000 is a bit aggressive, but fully executable & # 39 ;, the website said.

Some participants recommended turning the challenge upside down, saving $ 52 in the first week and reducing it as the months pass to ease the financial burden during Christmas

Some participants recommended turning the challenge upside down, saving $ 52 in the first week and reducing it as the months pass to ease the financial burden during Christmas

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Some participants recommended turning the challenge upside down, saving $ 52 in the first week and reducing it as the months pass to ease the financial burden during Christmas

Different versions of the 52-week challenge have done the rounds in Australian budget groups on Facebook, including this method of depositing between $ 125 and $ 325 per week for 12 months to deposit $ 10,000 in just one year

Different versions of the 52-week challenge have done the rounds in Australian budget groups on Facebook, including this method of depositing between $ 125 and $ 325 per week for 12 months to deposit $ 10,000 in just one year

Different versions of the 52-week challenge have done the rounds in Australian budget groups on Facebook, including this method of depositing between $ 125 and $ 325 per week for 12 months to deposit $ 10,000 in just one year

& # 39; You start saving $ 125 the first week … It gets even more aggressive the last week, but you're home, you can do it.

& # 39; Don't be intimidated by the amount you have to save every week, you can change it to what suits you best and make up for it with the opportunities to make money. & # 39;

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The trick comes months after a $ 5 challenge on social media has emerged, keeping all $ 5 bills you receive in change out of sight.

The most important thing is to have your notes built up in a secret place, while resisting the urge to save to pay for something & # 39; unexpected & # 39 ;.

The trick comes just a few months after a $ 5 challenge on social media has emerged, keeping all $ 5 bills you receive in change out of sight

The trick comes just a few months after a $ 5 challenge on social media has emerged, keeping all $ 5 bills you receive in change out of sight

The trick comes just a few months after a $ 5 challenge on social media has emerged, keeping all $ 5 bills you receive in change out of sight

& # 39; Any broken banknotes and you receive $ 5, – put them away too. Save all your $ 5 tickets for a whole year & # 39 ;, wrote the challenge organizer on Facebook.

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& # 39; Do not spend or count until you have completed the challenge. Are you a game? Trust me, it works. & # 39;

The simple budget hack was first posted on the Facebook group Markdown Addicts, where others shared the success they had had in previous years with the challenge.

& # 39; I did this last year and saved $ 2,095 and did it again this year & # 39 ;, wrote one.

Another said: & # 39; I do this with $ 10 bills. Started on January 1. Did it last year and finally used it to pay for my entire Christmas.

& # 39; Food, gifts, everything. I hope to do the same this year. & # 39;

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& # 39; We are doing this & # 39 ;, said a third. & # 39; We only have cash and save $ 1, $ 2, $ 5 and $ 10. It's amazing how fast it rises. & # 39;

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