Need to save money? This challenge allows you to save almost 6 thousand euros per year.
Do you know the 1 euro saving challenge? At the end of a year, you can accumulate a significant amount! Understand how.
This savings challenge will allow you to save nearly 6,000 euros annually.
The holidays are over and need to recover the monthly budget and savings habits? Pay attention to this challenge: it starts with 1 euro and progressively increases throughout the week.
This strategy is similar to others, but will help you, at the end of the year, to have a considerable amount saved.
The challenge is shared by La Informacion Economica, in the Notícias ao Minuto, and is called the "progressive 1 euro technique."
In essence, it establishes that on the first day of the week start saving 1 euro, on the second, two euros, and so on for the rest of the week, in periods of 7 days.
So, on Monday you save 1 euro, on Tuesday 2, on Wednesday 3 euros and so on until you reach 7 euros on Sunday. In total, every week you will save 28 euros, which means around 112 euros per month and a total of 1,456 euros per year, as stated.
If you want to be more ambitious and aim to save a higher amount, you can also extend the challenge to the monthly period of 30/31 days, which will result in you saving around 5,700 euros at the end of the year.
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