A money-saving expert has shared a simple 52-week challenge which can help you to save more than £1,300 in a year.
Carly Elizabeth, who is from the UK, took to her TikTok @carly_elizabeth_h to share the easy money saving challenge with her followers.
Revealing an A4 page with different coloured circles and sums of money on it, she explained that each week you choose a circle and decide that’s the amount you will try to save.
The colourful circles on the page range from £1 to £52 – one for every week of the year.
A money-saving expert, Carly Sparkles, has shared a simple 52-week challenge which can help you to save more than £1,300 in a year
In the clip, which racked up 83,300 views on the platform, Carly reveals the hack can help you to put away enough money for a holiday, a house deposit or whatever else you’re saving for.
Replying to a comment which read: ‘So do you just pick a circle every week that you can afford.’
The TikToker explained: ‘Hello yes, so you just pick a circle each week, so it could be one week you’re going to do £5, one week you’re going to do £20.
‘It’s just depending on what you can afford, and you do that every week throughout the year.’
Revealing an A4 page with different coloured circles and sums of money on it she explained that each week you choose a circle
She captioned the video: ‘Replying to @Gillian Park each week I picked an amount I could do, I found that doing some of the higher numbers earlier on in the year helps as it’s not so close to Christmas then.’
In a separate video the saving guru explaining that you can carry out the challenge whether you get paid weekly or monthly.
Replying to a comment which read: ‘Can you help with a plan for monthly payments.’
Many people rushed to the comments with plenty saying they’re going to try it out for themselves
She replied: ‘So I am the same I actually get paid every four weeks and I still did this challenge based on my monthly payments.
‘So what I would do is see what I have been paid that month, work out what I can afford to spare that month and then choose four different amounts from that, i hope this helps. ‘
She captioned the clip: ‘Replying to @skyedryburgh for monthly wages, you can work out what you have spare that month and choose 4 amounts based on that and then select 1 to do each week.’
Many people rushed to the comments with plenty saying they’re going to try it out for themselves.
One person wrote: ‘I am going to try this one x’
To which Carly wrote: ‘Good luck! I think this one is a good one to do.’
Another wrote: ‘So is it basically numbers 1 to 52? So the highest amount u will save one week is 52 Pound ? Thanks’
To which Carly replied: ‘Yes that’s it numbers 1 up to 52 and you pick an amount each week to put aside x.’
While someone else wrote: ‘How much does it add up to’ and Carly replied: ‘It adds up to £1,378 x’