We’ve revolutionized the 52 week challenge. For those of you who haven’t heard of the challenge, it’s a strategy that helps you save nearly $1,400 over the course of a year.
Here’s how it works: During the first week of the challenge, you save $1. During the second week, you save $2. You keep adding a dollar each week so that during the last week, you’re putting away $52.
This adds up to $1,378.
Here at Qapital, we were interested in how we could remove some of the behavioral obstacles that can make completing this challenge, well, a challenge. We think our app, which uses Rules (unique, automated savings strategies, triggered by your everyday habits), can make all the difference in getting you to the finish line.
Here’s how to get started:
To get started, download the app, connect your checking account and then set a Goal. Your Goal can be anything — a trip to Miami Beach, a new guitar, a sweet new laptop — as long as saving for it’s important to you. Once you’re all set up (don’t forget to add a photo of your Goal to inspire you!), it’s time to add the 52 Week Rule.
Create an account
Open the Qapital app and create an account.
Activate the 52 Week Rule
Tap the ‘+’ button in the top right-hand corner, then select the ‘New Rule’ banner. Scroll to the bottom of the list of Rules and select the 52 Week Rule.
Choose your strategy.
Decide whether you want to start small and work your way up ($1 for week 1, $2 for week 2, $3 for week 3, etc.) or if you want to start big and work backwards ($52 for week 1, $51 for week 2, $50 for week 3, etc.)
Select your Goal
Connect the Rule with a Goal. It’s up to you what you want to spend the money on.
Want to ramp it up? Try saving your change by using our Round Up Rule while doing the 52 week challenge and you’ll finish out the year with almost $2,000 in your pocket. That’s serious money.
What would you do with an extra $1,378 a year? Tweet at us at @qapitalapp and tell us what you’re saving for.