2014 52 Week Money Challenge

It's July, I can't believe that we're past half of 2014. I feel like time flew by so fast and I can't help but ask myself what I've achieved so far. There's one thing I know I was able to achieve perfectly as part of my New Year's Resolution and that's the 52 Week Savings Challenge. By June 28, 2014 I should have been able to save Php 7,020. I almost emptied my savings account and deposited my savings from the challenge. I initially planned on opening a passbook savings account from BDO but due to time constraints I opted for this one instead. Here's proof that I did: 

I can't wait to keep on saving more and achieving this savings challenge to perfection. I have no plans of spending this money at all. It'll be some sort of retirement fund. 

1st Month of the 2014 52 Week Money Challenge

Just so I'm accountable on my personal commitment to do this savings challenge. I decided that I will post my progress on a monthly basis in my blog. As of January 31, 2014 I have been able to set aside P420. That amount is actually the amount targeted for the week of February 8. I know it's a small amount but it does feel like an achievement to be able to stick to a plan. I can't wait til the end of the year when the amount is more substantial. I've read one blog before that  dismissed the benefits of this scheme but to me it seems to be working just fine. It may not work for everyone but I'd like to say that it works for me.