52 Week Money Saving Challenge Template | How to Save Money (2024)

Reach your financial goals this year by doing this 52 Week Money Saving Challenge. Depending on how much save every week, you might end up saving significant amount.

52 Week Money Saving Challenge Template | How to Save Money (1)

Are you trying to save money to buy your dream house or your dream car?

Let’s be honest, saving money is not as easy as it used to be. Expenses have gone up the roof and very basic things like grocery shopping and regular errands take up most of the income we bring home.

Add to that extra insurance costs, house repairs, auto repairs and the budget goes out of control.

Now it might be a good ideas to start saving a few bucks every now and then, so that you are able to save significant amount by the end of the month or year.

52 Week Money Saving Challenge

Although it’s up to you to save any amount of money but it’s always a good idea to set up a system so that you know how much you are going to deposit each week or each month. This way you can visually record how much money goes into expenses and how much is your net saving.

Besides using such a system, you can set up a budget planner where you can record your income, expenses and savings for each month.

When you have a well planned financial setup, you will find it easy to save money and keep budget under control.

Related: 15 Smart Ways to Save Money during the Holidays

This 52 Week Money Saving Challenge will help you save money each week. You can start with the simplest version and go for saving increments of $1 each week, or challenge yourself to save increments of $10 or $50 each week and see how you perform.

Festival season is the hardest to save, so you may want to create yourself a budget for shopping.

Make sure to download this money saving challenge template, but, you don’t have to start using it right away. Probably download it, and save it somewhere safe, where you can access it later on. It would be a great idea to start thinking about how you’d like to shape your new year financially.

How does 52 Week Money Saving Challenge work?

Let’s talk about this 52 Week Money Saving Challenge.

If you have done money challenges before, you know that this one is the most doable out of most of them. Only because you can decide how much money you want to save every week.

You can start from the very basics and do the $1 weekly increments. If you want to save more, go with a $2, $5 or even $10 increments challenge each week.

If you look at the money saving challenge printable, you will see that it gets extremely hard to deposit hefty amounts towards the end of the year, when it’s festival time.

You can do the reverse money saving challenge or mix it up. Start from the highest amount first and go down each week. That way, you will be done with the hardest part first and get it over with.

Related: How to save money on groceries

How to Save Money with Money Saving Challenge?

This is how it works , in case you’re reading/hearing this for the first time. 52 Week Money Saving Challenge is perfect to save money over a period of time.

You save a certain amount of money each week. Because you save in smaller amounts, you don’t feel the pressure to save big, all at once.

Download Here

Decide the amount; there is no hard and fast rule. The idea is to put aside some money away every week.

Once you decide the amount, download and print the copy of this 52 Week Money Saving Challenge Template. Put it in your binder or post it in your room where you can see it daily.

Start with week 1. When you have put the money away, simply check off that row.

For putting the money away, use a simple money jar, or set up a savings account in your bank.

If you decide to deposit $1 increments each week, you can save $1378 by the end of the year. Download and use this template for $1 weekly increments:

Download Here

You can save the increments of $2 each week. You will end up saving $2700 at the end of the year. Not bad, right? To deposit increments of $2 each week, use this template.

Here’s the $5 increment version, where you will save increments of $5 each week. You will be able to save $6800 by the end of the year. To deposit increments of $5 each week, use this template:

52 Week Money Saving Challenge Template | How to Save Money (4)

Want to challenge yourself even more? Deposit increments of $10 each week, download and print this template. You will be saving a whopping $16000 by the end of the year.

Because the amount you want to use for every week is totally up to you, you can start from $1 or up to $50.

If you wish to use your own amounts, here’s the empty template. You can go with any number each week. It’s very flexible, and you are not obligated to save a fixed amount.

I’d recommend to save some amount, small or big. Here’s the version for the empty template.

52 Week Money Saving Challenge Template | How to Save Money (6)

You should be fairly comfortable with the amount you want to use. Because of how this system works, you will have a huge amount that needs to be saved towards the end of the year.

Related: Simple Way to Keep your Budget under Control

That time also happens to be around December and Christmas. The time when most of us find ourselves on a tight budget. So to make the most of this system, if you want you can reverse the chart and start your year from the amount you are supposed to save at the end of the year.

Or you can put away the most amount in the middle of the year when you think your expenses won’t add up too much.

This is how reversing the template and amount works:

Let’s say you wish to go with $1 increments; the amount you will be putting in your savings account the first week will be $52, next week will be $51, and so on. You can also pick any amount from other weeks, save that much in your account and mark that week as done. Simple!

52 Week Money Saving Challenge Template | How to Save Money (7)

52 Week Money Saving Challenge Template | How to Save Money (8)

52 Week Money Saving Challenge Template | How to Save Money (9)

52 Week Money Saving Challenge Template | How to Save Money (10)

So, are you ready to save money? Let’s see if we can reach our respective set financial goals this year. Please share how much you are planning to save in the coming weeks and months. Let’s say Goodbye to unwanted and unexpected expenses and say Hello to savings, and more savings!

52 Week Money Saving Challenge Template | How to Save Money (2024)

FAQs

52 Week Money Saving Challenge Template | How to Save Money? ›

Set aside an envelope or wherever you would like to save your money in. The first week, put $1 in it, the following week put $2, continue adding an extra dollar each week until you get to week 52 adding $52. You will end up with a total of $1378 at the end of the year.

How much money will you save with the 52 week challenge? ›

Week 1, you save $1.00. Week 2 you save $2.00, and it continues through the year, adding one more dollar to each week's savings goal. By Week 52, you'll set aside $52.00, which will bring the year's total savings to $1,378!

How can I save $5000 with the 52-week money challenge? ›

Here are a few more ways to save $5,000 by the end of 2023:
  1. Save $96.16 every week.
  2. Save $192.31 every two weeks.
  3. Save $416.67 every month.
  4. Save $1,250 every quarter.
  5. Save $2,500 every six months.
Jan 5, 2023

How to save $5000 in 3 months with 100 envelopes? ›

The 100-envelope challenge is pretty straightforward: You take 100 envelopes, number each of them and then save the corresponding dollar amount in each envelope. For instance, you put $1 in “Envelope 1,” $2 in “Envelope 2,” and so on. By the end of 100 days, you'll have saved $5,050.

How to save $10,000 in a year challenge? ›

6 steps to save $10,000 in a year
  1. Evaluate income and expenses. To make room for saving, you'll need a meticulous budget that outlines all your sources of income and all your expenditures. ...
  2. Make an actionable savings plan. ...
  3. Cut unnecessary expenses. ...
  4. Increase your income. ...
  5. Avoid new debt. ...
  6. Invest wisely.
Apr 2, 2024

How to save $5,000 in 3 months challenge? ›

You can save over $5,000 in just over three months with the 100 envelope challenge. It works like this: Gather 100 envelopes and number them from 1 to 100. Each day, fill up one envelope with the amount of cash corresponding to the number on the envelope. You can fill up the envelopes in order or pick them at random.

How much is $1 a day for a year? ›

$1 daily is how much per year? If you make $1 per day, your Yearly salary would be $260.

How much is $1 a week for a year? ›

The 52-week money challenge is a savings method where you increase the amount you save by $1 every week for a year. So, you'll deposit $1 into your savings account during Week One, $2 during Week Two, and so on, until you reach Week 52 and deposit $52. Your total savings over the 52 weeks should total to $1,378.

How can I save $1000 in 30 days? ›

11 Easy Ways to Save $1,000 in 30 Days
  1. Create a Budget. ...
  2. Automate Your Savings. ...
  3. Create a Savings Bingo Sheet. ...
  4. Negotiate Your Bills. ...
  5. Separate Wants From Needs. ...
  6. Plan Your Meals. ...
  7. Buy Generic Brands. ...
  8. Cancel Unnecessary Subscriptions.
Sep 26, 2023

How to save $5000 in 6 months? ›

Cut Unnecessary Expenses From Your Budget

“Divide $5,000 by six months and that equals $833/month that must be removed from the budget or earned in extra income. The solution lies with the person — they must know themselves to know what will work for them and typically one solution or the other will be more appealing.

What is the 365 day money challenge? ›

Having a limited budget isn't a good enough reason not to save. With the 365-day penny challenge, you'll set aside a penny amount based on the day. For instance, day 1 – one penny, day 2 – two pennies, so on a so forth until the end of the year. At which point, you'll have almost $668 in the bank.

How much to save $10,000 in 3 months? ›

Setting realistic savings goals is essential to ensure that you don't set yourself up for failure. One way to do this is by breaking down your target amount into smaller milestones. For example, if you aim to save $10,000 in three months, you can divide it into monthly targets of $3,333.

How to save 10k in 365 days? ›

Instead of thinking about saving $10,000 in a year, try focusing on saving $27.40 per day – what's also known as the “27.40 rule” because $27.40 multiplied by 365 equals $10,001. If you break this down into savings per day, week, and month, here's what you're looking at in terms of numbers: Per day: $27. Per week: $192.

Is the 52 week challenge worth it? ›

The 52-week savings plan

But know that this savings plan is effective, and it can help you sock away more than a thousand dollars in a year — $1,378 to be exact. You could build up even more if you put the funds in a high-yield savings account. Doing the challenge takes commitment, but it's easy to start.

How to save $5000 in 1 year? ›

Ways To Save $5,000 in a Year
  1. “Chunk” Your Savings. The first step to saving $5,000 in a year is to break down your savings goal into manageable portions. ...
  2. Automate Your Savings. ...
  3. Save in a High-Yield Saving Account. ...
  4. Track Your Cash Flow. ...
  5. Boost Your Earnings. ...
  6. Declutter for Cash. ...
  7. Evaluate Your Subscriptions. ...
  8. Challenge Yourself.
Feb 5, 2024

How do you do the 1 to 52 week savings challenge? ›

The 52 week saving challenge - save £1,378

Essentially, you save £1 for each week you are on in the year. So week one = £1 and week 52 = £52. Like the larger daily challenges, this will require other savings efforts as you'll be putting some significant sums of money into your savings pot by the end.

How to save $1,000 in 30 days challenge? ›

11 Easy Ways to Save $1,000 in 30 Days
  1. Create a Budget. ...
  2. Automate Your Savings. ...
  3. Create a Savings Bingo Sheet. ...
  4. Negotiate Your Bills. ...
  5. Separate Wants From Needs. ...
  6. Plan Your Meals. ...
  7. Buy Generic Brands. ...
  8. Cancel Unnecessary Subscriptions.
Sep 26, 2023

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