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Challenge of the 53 weeks, save 14 pesos and collect 20 thousand pesos

Saving will always be a good option to improve our finances, that money can be used to cover an emergency and that people do not see the need to resort to requesting a loan, which could become unpayable.

The first step is to turn saving into a habit, for this you must allocate an amount of your salary that does not affect your finances, the other advice is to be constant and not stop saving in order to achieve the goal you want.

We tell you how to save 20 thousand pesos in 53 weeks. Photo: My Pocket

If in your case it is the first time that you will start saving, we leave you this challenge of 53 weeks allocating 14 pesos and with which you can collect more than 20 thousand pesos at the end. So get to work and get a piggy bank, we will explain what it consists of.

Week Deposit Balance 1 $ 14 $ 14 2 $ 28 $ 42 3 $ 42 $ 84 4 $ 56 $ 140 5 $ 70 $ 210 6 $ 84 $ 294 7 $ 98 $ 392 8 $ 112 $ 504 9 $ 126 $ 630 10 $ 140 $ 770 11 $ 154 $ 924 12 $ 168 $ 1,092 13 $ 182 $ 1,274 14 $ 196 $ 1,470 15 $ 210 $ 1,680 16 $ 224 $ 1,904 17 $ 210 $ 2380 16 $ 224 $ 1,904 $ 2,142 18 $ 252 $ 2,394 19 $ 266 $ 2,660 20 $ 280 $ 2,940 21 $ 294 $ 3,234 22 $ 308 $ 3,542 23 $ 322 $ 3,864 24 $ 336 $ 4,200 25 $ 350 $ 4,550 26 $ 364 $ 4,914 27 $ 378 $ 5,292 28 $ 392 $ 5,864 29 $ 406 $ 6,270 30 $ 434,444 $ 34,5 $ 6,270 30 $ 434,444 $ 7,342 $ 34,032 $ 476 $ 8,510 35 $ 490 $ 9,000 36 $ 504 $ 9,504 37 $ 518 $ 10,022 38 $ 532 $ 10,554 39 $ 546 $ 11,100 40 $ 560 $ 11,660 41 $ 574 $ 12,234 42 $ 588 $ 12,822 43 $ 602 $ 13,424 44 $ 616 $ 14,040 45 $ 630 $ 14,670 $ 67,065 $ 67,040 45 $ 68 630 $ 14,670 46 $ 644 65 51 $ 714 $ 18,744 52 $ 728 $ 19,472 53 $ 742 $ 20,214

Some recommendations that can help you if you are going to start saving is to eliminate ant expenses, which can take your money little by little. In the same way, you can reduce the number of online purchases you make.

Other tips are, for example, stop drinking sodas and save that money, pay debts on time so that they do not charge you extra interest, eliminate expenses that do not leave anything good to your pocket, such as subscriptions to platforms of videos, music, streaming, among others.

Remember that it is important to take the first step since making the decision to save will bring many benefits to your finances. So get down to work and if possible, invite the other members of the family to join together so they can raise a larger amount.

In the same way, they can use that money to go on vacation, give the down payment for a car, a house, among other things, which will make it worth the effort you make.

For more information on this and other topics, visit our Savings section.