While you may not be ready to begin saving money during the holidays, the New Year is a great time to start once the hustle and bustle is over! To have the greatest success, it’s important to set practical goals you can achieve. FORUM can help you do this with our 52 Week Money Challenge
. With this plan, you can save money incrementally throughout the year.
To begin the challenge, you only have to save just one dollar the first week. Then you’ll save an additional dollar each week after that. That means your largest deposit would only be $52 at the end of the challenge! By taking the challenge, you’ll save $1,378 in one year. Plus, you’ll earn a competitive dividend rate and you can set up automatic transfers into the account. You even have the chance to win money! When you deposit 50 out of the 52 weeks and you save at least $1,378, you’ll be entered to win $1,378! *
Here are a few tips to help you make the most of this challenge!
• Deposit the same amount each week ($26.50) if that is easier for you than incrementally saving more each week.
• Schedule automatic transfers within CU Online
for each weekly deposit.
• Create custom alerts via text or email to notify you of automatic transfers and balances.
In the 2016 Money Challenge, more than 600 FORUM members have currently saved a total of $607,469! It’s time to take action and take charge of your savings in 2017! To enroll in next year’s challenge, click here
. Sign up ends on December 31, 2016. Once you enroll, your account will be automatically opened and ready for deposits on January 1, 2017. If you are a current participant of the challenge, you don’t need to enroll again. Your account will automatically roll over.
*See official rules for contest details.
**Penalty for early withdrawal and/or closure fee is $15. Members are permitted to one withdrawal free of penalty charges per year after the first 52 weeks.
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Categories: Budgeting, Finances, Planning, Saving