The 52 Week Challenge is a clever way of saving a small but growing amount of money each week for a year to put together a meaningful amount of savings.
Through the Routines tab in the Astra mobile app you will establish the start date, amount of the incremental savings (limited to $1, 2, 3, 4 or 5 weekly), the source and destination accounts whether the money will be taken and subsequently deposited. Before selecting the "Create Routine" button, you can see the full schedule of the transfers week by week, as well as the cumulative savings at any given week, by selecting "preview" on the 52 Week Challenge setup screen.
After that, each week you will receive a notification the day before your scheduled transfer with the date and amount of the scheduled transfer, at which point you can either pause or chance the routine from the Routines page.
If you would like to get a sense of how quickly your savings can accumulate with the 52 Week Challenge routine from Astra, feel free to check out this clever calculator we built.
Read more about the 52 Week Challenge routine in this Article from the Astra blog.
As always, if you have any other questions please feel free to reach out via email at [email protected] or on intercom on our website or in the app.