The best parts of January planning are new year money saving challenge ideas we see all over the internet. After seeing them all, it can get a little overwhelming. This 52 week savings challenge list is here to help you find the money challenge that fits your lifestyle.
How to Use These 52 Week Savings Challenge Ideas
Like I said above, these 52 week savings plan ideas can get a bit overwhelming. But, there are easy ways to make sure you get them done, and keep it fun in the process.
- Schedule your deposits in advance. Most of the money challenges tell you exactly when to deposit your money. Whether it’s daily, weekly, or monthly, schedule those reminders in your planner or as alarms in your smartphone.
- Look at your budget first. Saving $5000 is all well and good, unless you have a low yearly income. If the savings challenge will take up more than 5% of your income, reevaluate if you can do that particular challenge.
- Find a savings challenge buddy! These savings plans are way more fun with a friend. If you need to find a savings buddy, join our Facebook Group! We have a blast in there, and love to do challenges like these.
52 Week money challenge for $10,000
Let’s talk about the big guns first. If you are adamant about saving $10,000 this year, you can totally do it! Here are a few ways to accomplish it.
The easiest way to save $10,000 over the next year is to alternate weekly savings of $125, $150, $175, and $300. Here’s the kicker: you’re going to up those weekly savings during the last 4 weeks.
The payments for the last 4 weeks will be $200, $225, $300, and $325. If making these deposits during December is too much for you, reverse the savings plan! Make these 4 payments at the beginning of the year, instead of the end.
52 Week Savings Challenge for $10,000
52 Week Savings Challenge for $10,000
Week 1 - $125
Week 2 - $150
Week 3 - $175
Week 4 - $300
Week 5 - $125
Week 6 - $150
Week 7 - $175
Week 8 - $300
Week 9 - $125
Week 10 - $150
Week 11 - $175
Week 12 - $300
Week 13 - $125
Week 14 - $150
Week 15 - $175
Week 16 - $300
Week 17 - $125
Week 18 - $150
Week 19 - $175
Week 20 - $300
Week 21 - $125
Week 22 - $150
Week 23 - $175
Week 24 - $300
Week 25 - $125
Week 26 - $150
Week 27 - $175
Week 28 - $300
Week 29 - $125
Week 30 - $150
Week 31 - $175
Week 32 - $300
Week 33 - $125
Week 34 - $150
Week 35 - $175
Week 36 - $300
Week 37 - $125
Week 38 - $150
Week 39 - $175
Week 40 - $300
Week 41 - $125
Week 42 - $150
Week 43 - $175
Week 44 - $300
Week 45 - $125
Week 46 - $150
Week 47 - $175
Week 48 - $300
Week 49 - $200
Week 50 - $225
Week 51 - $250
Week 52 - $325
Total = $10,000
52 week savings challenge for $5000
Listen. The easiest way to save $5000 in a year is to just put aside $100 a week. Boom. Done!
The way this would work is if you receive a weekly paycheck of $1000 or more. You’d save 10% of your take home pay per week. You could even put this savings on autopilot by having the $100 put into a savings account weekly.
But, if you need a more fun way to save, or alternating the weekly savings amounts works best for you. Try these options.
Fun 52 week savings plan for $5000 Week 1 - $25 Week 11 - $25 Week 21 - $25 Week 31 - $25 Week 41 - $25 Week 51 - $100 Week 52 - $50 Total = $5000
Week 2 - $45
Week 3 - $65
Week 4 - $75
Week 5 - $95
Week 6 - $110
Week 7 - $125
Week 8 - $130
Week 9 - $145
Week 10 - $155
Week 12 - $45
Week 13 - $65
Week 14 - $75
Week 15 - $95
Week 16 - $110
Week 17 - $125
Week 18 - $130
Week 19 - $145
Week 20 - $155
Week 22 - $45
Week 23 - $65
Week 24 - $75
Week 25 - $95
Week 26 - $110
Week 27 - $125
Week 28 - $130
Week 29 - $145
Week 30 - $155
Week 32 - $45
Week 33 - $65
Week 34 - $75
Week 35 - $95
Week 36 - $110
Week 37 - $125
Week 38 - $130
Week 39 - $145
Week 40 - $155
Week 42 - $45
Week 43 - $65
Week 44 - $75
Week 45 - $95
Week 46 - $110
Week 47 - $125
Week 48 - $130
Week 49 - $145
Week 50 - $155
52 Week Money Challenge for $1000 or more
The $1000 52 week savings plan challenges seem to be the most popular, probably because Dave Ramsey says that your starter emergency fund should be $1000.
While the easiest way to save this amount over a year is to put away 20 dollars a week, it sure is boring. Ha! If you do this savings plan, you’ll actually end up with $1040.
We’ve shared our favorite 52 week savings challenge before, and it still is the simplest way to do it. The reverse savings plan (pictured above) is key for those on a tight budget, but want to make a big savings impact. Plus, you actually save a little bit more if you use the savings plan above. Win-win.
Another way to save $1000 in 52 weeks is to do it monthly. We call it a bulk savings plan. If you save a certain amount per month, you can view savings as a monthly “bill.”
This is a great option for someone who has never saved before, since tackling a monthly deposit gives you a quick win at the beginning of each month. You can use the savings plan in the picture above, or try this one to get a true $1000 yearly savings.
$1000 52 Week Savings Challenge
$1000 52 Week Savings Challenge
January - $30
February - $70
March - $80
April - $90
May - $90
June - $130
July - $120
August - $120
September - $90
October - $80
Novmeber - $70
December - $30
Daily Money Saving Challenge
A habit is formed after 21 days, so taking on a daily savings challenge is one sure way to get you to enjoy saving small amounts of money. Remember the small amounts lead to big change!
When we first started our savings journey, we decided to save every 5 dollar bill we could find. For some strange reason, we started to FIND 5 dollar bills almost daily.
I know that’s why we love saving now. That little money challenge, and burst of manifested money, got us to see the power of saving.
The bonus of doing this savings plan is that you can do it each month of the year. If you do this challenge for the whole year, you’ll end up saving $1235! Since 7 of the months have 31 days, you’ll get in an extra $35. YES!
This daily saving challenge is fun because it starts off small, and moves up to $5 daily savings. This is also a great money challenge for kids to do. Here’s the simple way to save $100 in 30 days.
Day 1 - $1 Day 2 - $1 Day 3 - $1 Day 4 - $1 Day 5 - $1 Day 6 - $2 Day 7 - $2 Day 8 - $2 Day 9 - $2 Day 10 - $2 Day 11 -$3 Day 12 - $3 Day 13 - $3 Day 14 - $3 Day 15 - $3 Day 16 - $4 Day 17 - $4 Day 18 - $4 Day 19 - $4 Day 20 - $4 Day 21 - $5 Day 22 - $5 Day 23 - $5 Day 24 - $5 Day 25 - $5 Day 26 - $5 Day 27 - $5 Day 28 - $5 Day 29 - $5 Day 30 - $5 Day 31 (if there is one) - $5 Total = $100 (or $105 on 31 day months)Easy Monthly Savings Plan
Easy Monthly Savings Plan
