GeeMizOne Stop Travel Blog

Before anything else, I would like to greet everyone a Happy New Year. I know I have sin for not writing a year-end post but let us not cling on to what’s not but just be grateful of the new year.

For the past days there have been very good information’s circulating in the social media on how to start saving and eventually save over the year. Saving is theoretically an easy thing to imagine but hard to do and these article from Kuripot Pinay that is based from another article from Life As You Live It has open most of our eyes that saving big time is not that hard after all.

It is for sure that you know the idea about the 52 Week Money Challenge and I will spare you the time of discussing it. What I have here is a 52 Week Saving Challenge Calculator. This calculator is created by Geemiz to help us realize our 52 Week Money Challenge. We all want to save, but the question is how much is the realistic amount I will save base on my current Cash inflow/Income.

Advantages of the 52 Week Money Challenge Calculator

1. Determine the realistic amount of money to save. Each of us has different cash inflow and outflow or income and expenses, so it is necessary to know that we can sustain our savings over the year and not hurting any important bills.

2. Determine the percentage of our savings over our income. The calculator shows monthly savings percentage so we can adjust our savings based on what just part of our income we would like to save.

3. Easy to use. Simply input the monthly cash inflow and monthly savings percentage and we can now determine the amount we will have to save from week 1 to week 52. We can also determine how much we will be saving monthly and its equivalent percentage to our income.

52 Week Savings Challenge Calculator Content

1. IA Determinant – This is where we calculate the Initial amount of our savings.
* Fix Monthly Cash Inflow – Our fix monthly cash inflow like salary.
* % savings – percentage of our cash inflow that we want to save.
* Initial Amount – Monthly Cash Inflow multiplied by % savings. Ideal starting amount of our savings.

2. Weekly Calendar – List of months, weeks and dates, and the amount we will have to save weekly based on the Initial Amount, and the total savings per week.

3. Monthly Calendar – List of the number of weeks per month, total monthly savings, and the percentage of the total savings of the month over the Fix Monthly Cash Inflow.

How to Use the 52 Week Savings Challenge Calculator

1. Input the Fix Monthly Cash Inflow
Example: 20,000 php
2. Input the % savings
Example: 30%
3. We can get an Initial Amount of 52 php

So, we can say that if we have a fix monthly cash inflow of 20,000 and we would like to save 30% then our initial amount of savings would be 52 php.

4. Input the Initial Amount of 52 php in the Weekly Calendar, particularly in the cell highlighted in yellow. Then everything will automatically work on its own.

So, we have an initial savings for week 1 of 52, then 104 on week 2, 156 on week 3 and so on.

We can also see our total savings of 71,656 php based on the weekly calendar.

5. Looking at the Monthly Calendar we can see that we will have a total savings of 780 for January that is 4% of our monthly cash inflow, 1,560 for February with 8% and so on.

The highest savings is October with 10,920 and is 55% of the month’s cash inflow.

We can also see our total savings of 71,656 php based on the monthly calendar and the same result with our weekly calendar.

I would like to end this post quoting Bob Marley “The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively”.

Have a great 2014 everyone.

Click here to download Geemiz 52 Week Savings Challenge Calculator

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Meet geemiz

Geezelle Maningo - A Cebu based travel blogger and the other half of GeeMiz Travel blog. She has been traveling around the Philippines and Asia since 2010 with her husband. A casual trekker/hiker since 2017 and has been blogging since 2008. A digital marketer during workdays and a bookworm on lazy days - she co-founded Cebu Book Club.

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