The 52 Week Money Challenge

Experience has taught me a few things. One is to listen to your gut, no matter how good something sounds on paper. The second is that you’re generally better off sticking with what you know. And the third is that sometimes your best investments are the ones you don’t make.” Donald Trump

Aside from the financial goals that I have set myself for this year, I have decided to also attempt the 52 week money challenge and see how far I can go with it.

Thankfully Mshwari makes the mechanics of this challenge very easy since you can save through the mobile phone instead of physically having to go to the branch with small amounts of savings.

Its a weekly savings exercise in which you progressively increase the amount you are saving each week by a fixed amount. In my case I have started with 500 shillings and each week I add 500 shillings incrementally. You can of course start with a smaller amount like 100 shillings. At the end of the 52 weeks, if I manage to stick to it I will have saved 689,000!


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