This article is brought to you by Qapital

Qapital revolutionized the 52 week challenge -- a strategy that helps you save nearly $1,378 over the course of a year. Click through for how you can do it too!

What would you do with an extra $1,378?

Frankly, we can think a lot of things. A vacation to Miami with friends, first month’s rent and security deposit on a new apartment, a year of guitar lessons… There are so many fun things we wish we could do if we just had some money laying around.

Let’s face it, saving money is hard. We all want to be better at it but when the end of the month comes along, so much of the money we want to put toward the things we want goes toward credit card bills, impulse purchases and well, all the things we do to get us through the day to day.

With all that in mind, Qapital revolutionized the 52 week challenge. If you haven’t heard of the challenge, it’s a strategy that helps you save nearly $1,378 over the course of a year.

Here’s how it works: During the first week of the challenge, you save $1. During the second week, you save $2. You keep adding a dollar each week so that during the last week, you’re putting away $52.

This adds up to $1,378.

Qapital has removed the obstacles that can make completing this challenge, well, a challenge. By using automation, the app makes finishing the challenge a breeze. Your savings is held in an FDIC-insured, interest bearing Qapital account. Every week, the money is automatically taken out of your checking account and put toward your goal. In 52 weeks, you’ll have a wad of cash. No mental notes or IOUs to yourself required.

The Easiest Way to Take (and Finish!) the 52 Week Challenge

Here’s how to get started:

To get started, download the app, connect your checking account and then set a Goal. Your Goal can be anything —  a trip, a new bike, a new laptop —  as long as saving for it’s important to you. Once you’re all set up (don’t forget to add a photo of your Goal to inspire you!), it’s time to add the 52 Week Rule.

1. Create an account.

Open the Qapital app and create an account.

2. Activate the 52 Week Rule.

Tap the ‘+’ button in the top right-hand corner, then select the ‘New Rule’ banner. Scroll to the bottom of the list of Rules and select the 52 Week Rule.

3. Choose your strategy.

Decide whether you want to start small and work your way up ($1 for week 1, $2 for week 2, $3 for week 3, etc.) or if you want to start big and work backwards ($52 for week 1, $51 for week 2, $50 for week 3, etc.)

4. Select your Goal.

Connect the Rule with a Goal. It’s up to you what you want to spend the money on.

Then the challenge is on! You’ll slowly (and painlessly!) begin accumulating money in your Qapital savings account for 52 weeks. One year from today, you’ll be $1,378 richer without having broken a sweat.

Bonus! For every friend that signs up and saves with Qapital, you’ll each get $10 to kick off your savings goals using the app’s referral program.  

What would you do with an extra $1,378 a year? Tweet at us at @qapitalapp and tell us what you’re saving for.


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