Money Savings Challenge: 52 Week Savings Plan

Ah, the New Year! A time for fresh starts, bold resolutions, and the perfect opportunity to get serious about saving money. If you’ve ever promised yourself to be better with finances, now is your moment! Let’s make saving money fun and achievable with these creative and practical tips to kickstart the new year with a bang! This year, one of my goal is to challenge myself to save money and be frugal. I know that if I do this in the long run it will benefit me and my family. One of the Savings Challenge that I want to do is the 52 Week Savings Plan.

Money saving plans - 52 week savings challenge

I saw this first from one of my friend and I immediately got interested. If you will look at the chart below, you can see that it’s something realistic. Unlike other money savings plan with this Savings Challenge you only have to save little amount each week and after 52 weeks you’ll have $1378!

52 Week Savings Plan

Here are three savings plans to kickstart your New Year financial goals, including the popular 52-Week Savings Plan, and two additional creative options:

Plan #1 – The 52 Week Money Savings Plan 

The classic 52-week savings plan is a crowd favorite for a reason: it’s simple and rewarding. Start by saving $1 in Week 1, $2 in Week 2, and so on. By Week 52, you’ll have a whopping $1,378 in your savings account! 

The concept of 52 Week Savings Plan is very simple, you just have to save and deposit the amount that corresponds to the number of the week into your account. What I love about this plan is it’s not intimidating and even kids especially teens can do this. By saving small amounts, at the end of the challenge, you’ll have extra money.

 

Savings Challenge

Ready to do our Savings Challenge? Click on the photo above to get our Printable 52 Week Savings Plan or get this simple file!

I encourage you to join us in doing this 52 Week Savings Plan. This is the perfect opportunity to start the year right and set a goal. You can also encourage kids to join you in the challenge, so that they will learn how to save money early.

Money Savings Challenge: 52 Week Savings Plan

PRINT THIS 52-WEEK SAVINGS CHALLENGE

Reverse 52-Week Savings Plan

You can also do this 52 week savings plan in reverse. Perfect for people who might find it harder to save larger amounts later in the year. You start with $52 in Week 1 and decrease by $1 each week until you save $1 in Week 52. Total savings is still $1,378. Perfect if you’re feeling extra motivated at the start of the year.

Everyone loves a good challenge right? Especially if this challenge will let you have $1378 after 52 weeks, so start saving now!

Plan #2 – Monthly Percentage Challenge

Save a percentage of your income or a fixed amount based on a goal each month. For example, save 10% of your income each month. This plan is flexible and customizable based on your earnings.

Plan #3 – The “No-Spend Week” Plan

Every month, pick one week where you spend only on necessities (groceries, rent, utilities). Save all the money you’d normally spend on discretionary items like eating out, shopping, and entertainment during that week. Potential savings depend on your usual spending habits.

These plans can help you prioritize saving, and with discipline, they can set you up for financial success in the new year!  

Fun Money Saving Tools & Books

saving money

Cash Vault Wooden Savings Box

100 Envelope Challenge Binder

100 Envelope Challenge Binder

Digital Coin Counting Bank with LCD Counter

Digital Coin Counting Bank with LCD Counter

Stainless Steel Piggy Bank

Stainless Steel Piggy Bank

Cash Stash Activity Book

Cash Stash Activity Book