2018 Aloha Friday Savings Challenge

The Christmas Holiday is now officially over and everyone is gearing up for the new year celebration. But if you're like 40% of the population, you'll be bringing Christmas in to 2018 with you in the form of Holiday debt. Most people plan on paying off the Holiday debt within the first 2-3 months of the new year, however majority end up paying throughout the year and beyond.

Don't let this be you in 2018. Join me on the 2018 Aloha Friday Savings Challenge. Similar to the 52 Week Savings Challenge, this Savings plan has a little twist on it. Here's what you do:

Every Friday put away/deposit the dollar amount that corresponds with the day of the month. For example, on Friday, January 5, 2018 you will save $5. And the following week on the 12th, you will save $12. Do this every week in 2018 and you will end up with $824 at the end of the year to help you pay for those holiday expenses and not have to carry the debt with you in to 2019.

Couple things to remember: Keep your money in safe place, which can include a separate savings account at a bank or credit union or at a trusted place in your home. Or if you are like many of my friends and colleagues, give your money to a trusted person who will keep it safe and keep you accountable to make weekly deposits and make sure you don't dip in to your savings throughout the year and keeps you on track to your end goal.

I've included a Savings Chart that you can print to keep track of your deposits.

Share this blog with your friends and family and invite them to join you on the Challenge.

Comment on this blog if you'll be joining in on the Challenge this year and subscribe to this blog by entering your email at the top right side of this page for updates and reminders for the 2018 Aloha Friday Challenge. Happy Saving!!!