The X-Mas Surprise – A savings game

Three years ago, I stumbled upon an article ( I forgot on what blog, but what I remember is that it was written by a lady financial adviser) on how to do a savings game.

I have been practicing that game for the last 2 years (with a small adaptation) and it can be considered a Christmas surprise if opened now.

The Game

The game is fairly simple. For each week of the year, you add one more (insert local currency here) to your piggy bank.

So, for the W1 you put one (EUR/USD/RON) into the bank and the 2nd week , you will add 2 more. In W52 there will be 52 to add.

By the end of the year you should have 1378 (EUR/USD/RON) in the bank. So at the end of the year, you have a nice surprise waiting for you.

How I play IT

There is a nice sum that is lumping there in the bank, but considering I use my local currency I would end up with just @300USD at the end of the year. For this I have stepped up the game and I am contributing double the amount each week (so we have 2, 3, 6…104) totaling the sum of 2756 RON and that’s @600USD.

Another deviation is, if needed, I will skip the last two weeks of December (because of the holiday’s financial pressure) and just open my ‘present’ before.

To implement this I am doing everything in a Vault on Revolut account and transfer at the beginning of each week the needed amount. I also set up the goal of the vault so I get some nice remainders on the way.

Conclusion

The game is simple and fun (for me) and I hope it is a nice idea for you also to implement. It is just another way of doing some extra savings without creating a big pressure for you.

Last year we used our Christmas gift for a short trip to Athens in this January (and we created some nice memories).

To step up the game, even more, next year I will try a 3x rule.

Thank you all for taking the time to read my blog! See you in the next article.

Disclaimer: I am not a financial consultant, all the information you find here are my decisions, I taken at that moment, on my own analysis. I am open to any type of discussion about money. If you want to replicate my portfolio take into consideration that it is your money.

P.S. Header photo by Lucie Liz from Pexels

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