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Challenge of 20 pesos, save more than 6 thousand pesos in a year – Latest News, Breaking News, Top News Headlines

One of your 2021 resolutions is to save but you don’t know where to start? Every beginning of the year, several very specific savings challenges become fashionable that can be of great help, from collecting all the 10-peso coins that come to your hands, among others.

In this case, we will tell you how you can save more than 6 thousand pesos a year with only 20 pesos per month. The first thing you have to do is allocate a piggy bank or bottle to keep the money, remember that once it is destined for your savings you should not use it or you will not meet the goal.

Save 20 pesos for every Saturday. Photo: Pixabay

The challenge consists of the following:

Every Saturday of the month of January You must save 20 pesos, which will give you an accumulated 100 pesos. For the next month, FebruaryYou must save 40 pesos for each Saturday, which will give you a total of 160 pesos. In March you must save 60 pesos for every Saturday. which will give you a total of 240 pesos. In April You must save 80 pesos for each Saturday, which will give you a total of 320 pesos. In may You must save 100 pesos for each Saturday, at the end of the month you will have an accumulated 500 pesos. In June You must save 120 pesos for each Saturday, at the end you will have 480 pesos. In July You must save 140 pesos for each Saturday, in the end you will have 700 pesos. In August You must save 160 pesos for each Saturday, in the end you will have 640 pesos. In September You must save 180 pesos for each Saturday, in the end you will have 720 pesos. In October You must save 200 pesos for each Saturday, at the end you will have 1,000 pesos. In November You must save 220 for each Saturday, in the end you will have 880 pesos. In December You must save 240 for each Saturday, in the end you will have 960 pesos.

At the end of the year the total sum you must have is 6,700 pesos, remember that you must be constant and not fail on any Saturday to reach the goal. Similarly, if you have any extra money, apart from the saved, you can save it to increase the total at the end of the year.

In the same way, you should take into account that having extra money can help you get out of a difficult economic situation, so it is important to encourage the habit of saving in the whole family.

Saving is not as difficult as it sounds, and these challenges are a good way to start small. Consistency will always be the key to achieve any goal you set yourself, so get down to work and start today.

More information in our Savings Section.

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