Money Savings Challenge: The 52 Week Savings Plan
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. 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!
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.
52 Week Money Savings Plan
Ready to do our Savings Challenge? Click on the photo above to get our Printable 52 Week Savings Plan!
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. You can also do this 52 week savings plan in reverse. Everyone loves a good challenge right? Especially if this challenge will let you have $1378 after 52 weeks, so start saving now!
Like our Savings Challenge? Read more saving tips:
- Save on Home Repairs
- Frugal Ways to Save Money: Getting Out of Debts
- 50 Frugal Ways To Save Money
- Save Money Groceries
Do you know of other Savings Challenge? Share it with us below.
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This is a great way to start building a savings account. Putting a little bit of money away at a time will make it much easier.
Wow! Great tip! If everyone in your family will do this, you’ll be saving a lot of money.
This is a great idea, but as you get further along in your year, the amounts really add up! If you take the last 4 weeks, 52+51+50+49=202. That is $202 in the space of 1 month to put away. I couldn’t afford that! even you go 30+31+32+33 that is $126 and I couldn’t even afford that much!
I’ve done this in the past and have found it to be an easy way to save for something specific. The hardest part is coming up with the “extra” money around the holidays.
It is awesome to see how much you can save in just 52 weeks if you focus on it!