Fifteen 52 Week Money Saving Challenges (something for every budget!) (2024)

Fifteen weekly savings plan ideas! Try one of these 52 week money saving challenges, and use the printable chart to save a ton of money this year!

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Are you wishing you had more money saved? Maybe you have a special event or item you need money for, or really want the safety net of an emergency fund. If you want to have more money at this time next year (or even next month), try doing a money savings challenge.

Here are fifteen 52 week money saving challenge ideas to kickstart your goals!

These weekly savings plans can really help you turn your finances around.

When it comes to bothersome tasks like saving money, it helps to make it a game. These money saving challenges are simple and straightforward. You can choose one or more, and adjust them however works best for you.

✨ You can grab all these money saving challenges, PLUS my 100+ Ways to Save Money ebookin the Rock Your Savings Bundle! It actually turns saving into a FUN game!

Is the 52 week money challenge a good way to save?

It’s a great way to save!

You might think that only saving a little per week wouldn’t add up to much. But any goal is reached by doing simple tasks over and over. Then it’s a habit.

And before you know it, you’ve reached your goal!

Time passes anyway, so you may as well do your future self the favor of having money saved.

By breaking up your savings plan into small weekly increments, you won’t feel the strain as much.

I even created a blank 52 week money challenge printable, so you can keep track of how much you’re saving.

If you’re more of an excel spreadsheet person, that works too!

This post may contain affiliate links. You can view my full disclosure policyhere.

How much do you save doing the 52 week money challenge?

It really depends on your goals and budget.

You may have to make some adjustments to your current spending in order to accommodate your new savings plan.

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Here are 15 money saving challenge ideas to consider. No matter what your budget, you’ll find one that works for you.

You can even save money on a low income, using these ideas.

Be sure to check out the bottom of the post for some easy money saving hacks!

Does the 52 week money saving challenge work?

The 52 money saving challenge works because it uses the power of consistency to build your savings.

By saving a little money every single week for one year, adding to your savings feels achievable and easier than large lump sums.

Let’s dive in!

1. Mini Challenge for Tight Budgets: Save $689 This Year

Save 50 cents Week 1, then $1 in Week 2, $1.50 Week 3, and so on, adding 50 cents each week.

You’ll end up with almost $700 at the end of a year!

That could make the perfect Christmas fund, or the start of your emergency savings account.

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2. 5-10-20 Weekly Savings Challenge: Save $600

To change it up a bit, yet still keep saving simple, alternate saving $5 one, week, $10 the next, and $20 the third. Then go back to $5, rinse and repeat.

The most you’ll ever have to save is $20 in a week, making it realistic for many budgets.

You’ll end up with an extra $600 at this time next year.

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Related posts:

Budgeting for Beginners: A Step by Step Guide for Getting Started

Sticking to a Budget: 15 Budgeting Tips for Beginners

3. Traditional Weekly Savings Challenge: Save $1378

With this savings challenge, you simply save $1 the first week, $2 the second, $3 the third, etc.

Believe it or not, that one easy strategy adds up to over $1375 at the end of a year!

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4. Reverse Traditional Savings Plan: Save $1378

If you’re starting this challenge at the beginning of the calendar year, you may be thinking that you’re not going to have an extra $52 around Christmas time.

If you want to start out strong, or notice your savings accumulate faster, try the reverse money saving challenge.

Week 1, save $52, Week 2, save $51, Week 3, save $50, and so on.

Just like the traditional plan, you’ll have an extra $1378 at this time next year.

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5. Biweekly Money Saving Challenge: Save $1378

If you get paid every other week, you can still save $1378 in just 26 paychecks.

On the first payday, you’ll save $3, then $7 the next, then $11, and so on.

You’ll never have to save more than $103 in a biweekly paycheck, and still end up with $1378.

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6. Money Saving Challenge Bingo: Save $1378

You know how some weeks you have fewer expenses, and then other weeks you have to fix your broken furnace?

This ‘bingo’ method of savings let you choose how much you save that week based on your budget.

Sticking with the same amounts as the traditional plan, cross of $1-52 each week, depending on how much you’re able to save.

✨ Don’t forget to grab all these money saving challenges, PLUS the 100+ Ways to Save Money ebookin the Rock Your Savings Bundle! It’ll make savingmoney feel much moreachievable!

7. Double Weekly Savings Challenge: Save $2756

If you prefer to save closer to $3000, try doubling the traditional weekly savings plan

Start with $2, then save $4 the second week, then $6 the third.

That way you’ll have saved over $2750 at the end of a year.

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8. $5 Weekly Savings Challenge: Save $6890

If you think about it, saving $5 really only means giving up 1 fancy coffee, co*cktail, or convenience store stop.

With this challenge, you save $5 the first week, then add $5 each week after.

By adjusting your frivolous spending a bit, you’ll have almost $7000 by this time next year.

Related:15 Spending Leaks that are Destroying Your Budget

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9. Easier $5 Weekly Savings Challenge: Save $2490

If you know there’s no way you’ll be able to save a couple hundred dollars a week near the end of the challenge, try this adjusted version.

You’ll start with $5, and add $5 a week just to Week 20 (or $100), then you’ll start over again at $5.

If this is more realistic for you, you’ll still end up saving almost $2500!

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10. Save $2020 for 2020

This one is fun and festive. There are a variety of ways you could do this, but the easiest is just to divide $2020 by 52 weeks.

In this case, you’ll be saving $38.84 each week. The last week, save $39.16 to make it exactly $2020.

Use 2019 to set yourself up well for 2020!

Set up an automatic weekly transfer to your savings account in this exact amount. That way you won’t forget!

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11. $5000 52 Week Money Saving Challenge

If you’re wondering, “how can I save $5000 fast?” this is the savings challenge for you!

With this challenge, you’ll save between $50-150 a week. And end up with an extra $5000 at the end of one year!

You can follow the chart below to see exactly how much to save each week.

To make it really easy, you could save $100 a week. Then you’d end up with $5200. Or take 2 weeks off around the holidays, and aim to stick with the $5000 total.

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12. The Save $10k Challenge

If you’re feeling ambitious, consider trying to save $10,000 in a year.

That could go a long way toward the down payment on a house, a nice emergency fund, or the vacation of a lifetime.

No matter your reason or motivation, here’s how to save that $10k.

Week 1: Save $125, Week 2: save $150, Week 3: save $175, Week 4: save $300

Then cycle through that again. The last 4 weeks of the 52 week challenge, you’ll save a little more to reach your ultimate savings goal.

Imagine how good that will feel!

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13. 10x the Traditional 52 Week Money Savings Challenge: Save $13,780

For the ultimate in money saving challenges, try the 10x version of the traditional plan.

Instead of $1 in Week 1, $2 in Week 2, etc., save $10, then $20, and so on.

Since it’s 10 times as much as the original challenge, you’ll end up with a whopping $13,780.

This one is for those with bigger budgets!

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14. Monthly Money Saving Challenge: Save $1378

If moving money once a month to your saving account works best for you, here’s how to save $1378 with a monthly version of the savings challenge.

You can pick and choose which monthly amount to save, depending on your budget. No need to do them in order unless you want to.

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15. $3000 Monthly Money Saving Challenge

For a bigger monthly savings challenge, try saving $3000.

With this method, you start by saving $140 the first month, then add $20 each month.

Again, feel free to go out of order, and mix up how much you save.

The larger amounts could be when you receive a tax return, bonus, or the months when you receive an extra paycheck.

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Bonus Challenge: 12 Week Christmas Savings Challenge

To be prepared for the expensive holiday season, try doing a 12 week money saving challenge.

With this savings plan, you’ll start by saving $20 the first week, then add $5 each week.

After 12 weeks, you’ll have $570!

That will go a long way to buy Christmas gifts.

Related: 51 Cheap Christmas Gifts Under $10 (that people will actually want!)

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How can I save money every week?

Here are some other easy ways to save money, to help with your challenge, and really boost your savings account this year:

1. Have a no spend day, week, or month

2. Cut down your grocery bill (here’s how to make a cheap grocery list)

3. Eat what you have instead of grocery shopping (here’s how to do a pantry challenge)

4. Save all of your $5 bills

5. Use Ibotta to get cash back when grocery shopping (and a $20 welcome bonus!)

6.Go through Rakuten to get cash back on almost everything when you shop online

7. Pack your lunch instead of eating out

8. Start a side hustle (here are 21 ways to earn extra money)

9. Cancel subscriptions you don’t use

10. Sell your stuff on Ebay, Craigslist, or in Facebook groups

11. Do a money jar challenge (save all your coins for the year)

👉 Join our FREE 3 Day Budget Quickstart Challenge! It’ll walk you through creating a custom budget for YOUR exact situation.

Ready to start a weekly savings plan?

There you have it – 15 money saving challenge ideas to kickstart your goals.

You can choose one, or more than one, depending on how much you want to save.

✨ And don’t forget to grab all these money saving challenges, PLUS the 100+ Ways to Save Money ebookin the Rock Your Savings Bundle! It’ll make savingmoney feel so much moreachievable!

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Fifteen 52 Week Money Saving Challenges (something for every budget!) (2024)


What is the 52 week savings challenge? ›

There are no complicated rules to remember. 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

What are the challenges when you are saving money? ›

7 barriers that keep us from saving money (and how to knock them down)
  • Spending too much on housing.
  • No defined budget.
  • The “I'll save when I make more money” mindset.
  • Lack of measurable savings goals.
  • Student loan payments.
  • Your comfort zone.
  • Overusing credit cards.

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

Is the 52 week challenge worth it? ›

The 52-week savings plan

If you're new to the 52-week money challenge, the first month or so you might wonder if it will take 52 years to see progress because you start so small. 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.

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 much is $1 dollar a day for a year? ›

If you saved $1 a day for a year, do you know how much money you'd have? Roughly $30,000. This is totally 100% true.

How does the 100 envelope challenge work? ›

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. After you've filled up all the envelopes, you'll have a total savings of $5,050.

How to save $10,000 in a few months? ›

Here's how I did it & how you can do it, too.
  1. Set goals & practice visualization. ...
  2. Have an abundance mindset. ...
  3. Stop lying to yourself & making excuses. ...
  4. Cut out the excess. ...
  5. Make automatic deposits. ...
  6. Use Mint. ...
  7. Invest in long-term happiness. ...
  8. Use extra money as extra savings, not extra spending.

What is the 1 to 100 saving challenge? ›

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.

What is the 21 day challenge for saving money? ›

That is what this challenge is all about: taking 21 days to make some drastic, but realistic, changes in order to save at least $500 each month. If you are anything like I was, you probably have more bills and payments due each month than you have money coming in.

What is the 50 30 20 rule? ›

The 50-30-20 rule recommends putting 50% of your money toward needs, 30% toward wants, and 20% toward savings. The savings category also includes money you will need to realize your future goals.

How to save $100 in 30 days? ›

The goal of the Challenge is simple: save $100 in a 30-day time period through a series of gradually increasing deposits. November has 30 days so every day is a savings day. As shown in the picture below, daily savings deposits start at $1 a day for five days followed by $2, $3, and $4 each for five days.

How to save $500 in 30 days? ›

For something as short-term as this, it may be easier to set smaller, daily goals in order to make saving a part of your daily routine. In order to save $500 in 30 days, you would roughly need to save $17 per day, and this can be a combination of cutting back on spending and making extra money.

How can I save $20 a day? ›

20 Tips to Save $20 a Day
  1. #1: Cut your cable costs. ...
  2. #2: Make your home more energy efficient. ...
  3. #3: Make your car more energy efficient. ...
  4. #4: Slash your dry cleaning bill. ...
  5. #5: Eat out less—or hack dining out. ...
  6. #6: Start a garden. ...
  7. #7: Book your next vacation or business trip on ...
  8. #8: Automate your savings.

How to save $5000 in 3 months? ›

How to Save $5000 in 3 Months [2024]
  1. Create a Budget and Plan.
  2. Pick up a Side Hustle.
  3. Sell Things Around Your Home.
  4. Refinance Debts.
  5. Cut Unnecessary Expenses.
  6. Reduce Living Expenses.
  7. Try an Envelope Savings Challenge.
  8. Use Cash Back Apps.
Apr 3, 2024

How to Save $10 000 in a year challenge? ›

7 Ways To Save $10,000 in a Year
  1. Break Your Goal Down Into Smaller Milestones. On its face, $10,000 might seem like a daunting savings goal. ...
  2. Analyze Your Budget. ...
  3. Cut Unnecessary Expenses. ...
  4. Boost Your Income. ...
  5. Choose Where to Put Your Savings. ...
  6. Automate Your Savings. ...
  7. Celebrate Your Progress. ...
  8. Use Visuals to Motivate You.
Nov 16, 2023

What is the $3 a week savings challenge? ›

The plan is refreshingly easy, even for the math-challenged: set aside $3 in the first week and put it into a savings account. Then add another $3 each week after, so $6 is saved in week two, $9 in week three, and so on. By week 26, when the final deposit of $78 is made, the savings will total $1,053.

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