Are you familiar with the 52 Week Money Saving Challenge? I like the idea of a savings challenge, but I am not 100% on board with how it is set up. The typical plan challenges you to save $1 the first week, $2 the second week…until you save $52 the last week of the year. It’s a simple way to save an additional $1,378 in 52 weeks, but I do see how this can be a struggle when December rolls around.

52 Week Money Saving Challenge Printables

Compare what you are saving the first 4 weeks of the year to the last 4 weeks of the year.

  • During the first 4 weeks, you save a total of $10. Average: $2.50 per week.
  • During the last 4 weeks, you save a total of $202. Average: $50.50 per week. 

Saving $2.50 per week is probably not a huge struggle. $50.50 per week may be harder to accomplish, especially considering that this takes place in December.

I created a 52-Week Money Saving Challenge Printable back in 2014. The original printable was for the year 2015, but now I have an undated version for you to use any year. You can start this challenge at any point throughout the year.

The original 52-Week Money Saving Challenge ($1 per week, $2 per week, etc.) results in a savings of $1,378 in a year. You will still end up saving $1,378 with this updated challenge, but it will be easier to save when you spread it out. 

If you do decide to start this challenge in January, this schedule will be much easier as you will be set up to save the least amount in December. You will save $110 during each 4-week cycle, with an exception of the last 4 weeks of the year. If money is tight in December, you will feel relief! This schedule asks you to save only $58 during the last 4 weeks. You will only have to set aside $8 in your budget to save the last week of the year. $8 is much easier than $52!52 Week Money Saving Challenge Printables FREE Printable52 Week Money Saving Challenge

I am also including the reverse version of the original challenge. Save $52 the first week, $51 the second week…until you save $1 the last week. Pick the schedule that works best for you.

52 Week Money Saving Challenge Reverse Printable

FREE Printable: 52 Week Money Saving Challenge_Reverse

It can be easier to make saving a priority when you know what your goals are. Writing down your goals can make you feel more accountable. At the bottom of the printable, there is a place to write down your savings goal.

Write down what you are saving for: Mortgage? Vacation? Home updates? College fund? Credit card debt? Feel free to share in the comments:

Why are you saving? What is your goal?

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52 Week Savings Challenge Printable. Save money every week and track your progress on the printable

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25 comments on “52 Week Money Saving Challenge”

  1. I love the changes that you made! We tried this once (using the 1, 2, 3, etc.) method but it didn’t last long. I think we may give this schedule a try!

  2. I totally agree with you on how the original was set up. I really like the new updated one! Much easier to put into practice! Thanks so much for sharing!

  3. Hi! Thank you for this printable! Love it. Going to do my best to get started and stay with it! Looks doable:) Visiting from Faith and Fellowship Blog Hop!

  4. It can be hard to save that much during the holidays, but I’ve heard of a modified challenge where you don’t go in any order, you just set aside an amount each week and mark it off the list as you go. It could be $30 one week and $2 the next week. But the total saved in the end is the same! Thanks for sharing on #SmallVictoriesSundayLinkup!

  5. Great ideas and thanks for the printable…I am very visual and need to physically check things off in order to feel they are complete. Thanks.

  6. Love this idea! I may have to print this out and start now even if it’s in the end of the year. We usually take out 20% of each of our paychecks, but this sounds like a great idea as well just another way to save money.

    liz @ sundays with sophie

  7. This is wonderful! We’re going to start the 1st week of November and that way this can be our Christmas savings for next year. Have you or would you make a kid’s saving printable? Our son is starting to get an allowance and I would love for him to have a check sheet too. His allowance is going to be $10 every 2 weeks. He knows some will go to savings and other for spending but I would love for us to do this together.

  8. Your two new templates make a lot more sense to me. December is usually the toughest for people because they are shopping for gifts, heating costs go up, and any other number of things you can think of. When I originally saw the idea floating around Facebook I was thinking it probably made more sense to run from November 1st – October 31st each year so that you have your $1,378 to shop during the months of November and December (if you were using the money to save for Christmas or Hanukkah shopping. The first one of going $20 to $30 back to $20 is similar to training for a marathon – you do a short run/walk, a long walk, back down to a short walk to work your way up to 26.2 miles. And, going backwards is definitely a good idea! Thanks for sharing with #SmallVictoriesSundayLinkup

  9. I love this, and I just printed it out! I am excited to get started :-) Thanks so much for sharing this on MMM! :-) See you at the next party!
    Cathy

  10. I love this idea! I’m planning to save more in 2017. It feels amazing to have an organized system and know that you are managing your money wisely.

  11. I also have been using the original chart to save for my yearly cruise, but it does get tougher as the year goes on, especially on a fixed income. I’m going to change to one of your systems this year and I’m betting it will be a lot easier on me. Thanks for the printouts. You’re the best!

  12. I love this challenge! I’m going to be doing it this year by saving the same amount each week – $26.50 to be exact. It’ll still give me the same end result but is a bit more manageable with my current income.

    By the way, I mentioned your edition of the challenge in a blog post! Hopefully it will inspire others – like it did me – to start saving once they see how easy it can be :)

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