52 Week Savings Challenge

by Jennifer Wieland
52 Week Savings Challenge Printable

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I am sure by now everyone has seen the 52 week savings challenge online somewhere. It’s been all over Pinterest, Facebook, Twitter, etc. It was all over the place last year too. It is a very simple idea on how to save over $1000 this year. Each week you set aside some money in a bank account, jar, piggy bank, drawer, sock, whatever you want to use for storage. The first week of the year you set aside $1. The 30th week of the year you set aside $30. The 50th week of the year you set aside $50. When all is said and done you end up with $1378. That is a nice little chunk of change at the end of the year that can be used by everyone I’m sure, for something.

The problem I have with the challenge though is that come November and December, holiday season, you are having to set aside large amounts of money each week. I don’t know about you but $202 just for the month of December when I am Christmas shopping is going to be rough for our family and I can’t believe that we are the only family in that situation.

I decided to go ahead and do the challenge but I changed it up to meet my needs. I get to pick what amount goes in for each week. I will save my low amounts for times when money is tight and get the big amounts out-of-the-way when we have more financial leeway. So to do this though, I knew I would need a printable that I could cross the amounts off of as I went along. Now all I have to do is pick an amount each week and then draw a line or punch a hole through the corresponding amount on my printable.

52 Week Savings Challenge Printable

You can get the printable version below.

52 Week Savings Challenge

Hopefully this helps me finally start to save some money. I am horrible at it! Do you have any savings tips to start off the New Year with that you follow each year?

 

 

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Jennifer is a mom to 5 boys, 1 girl and 1 husband. Her kids range in age from 4-20 so things are always crazy with everything from preschool, to autism, to college. She tries to bake, craft and blog her way through all of the craziness that life throws her way.

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18 Responses to “52 Week Savings Challenge”

  1. Kenda says:

    I’ve been reading a lot about this challenge and I think I may try it. …it’s totally okay to use the money for shoes at the end..right? ;)
    Kenda recently posted…Need For Speed – Behind The ScenesMy Profile

  2. That is one thing I didn’t get. Why put so much away during the holidays. Good luck on this new journey!
    Chelle @ oh just stop already recently posted…Catch the Moment 365: Week One #catchthemoment365OJSAMy Profile

  3. Crystal says:

    I like the way you’re doing it! That doesn’t make sense that they have you save so much around the holidays.
    Crystal recently posted…Wordless Wednesday: School, Finally!My Profile

  4. I hope I can keep up – I’m definitely going to try!
    Kelly @ Texas Type A Mom recently posted…Join Me #OnMyWay2Fab with Walgreens and Tim GunnMy Profile

  5. Tonya says:

    No tips except to say, just do it! I’m planning to follow the 52 week savings challenge this year to add to our travel fund.
    Tonya recently posted…Snow Happens: An Encounter I Could have Done WithoutMy Profile

  6. ohh I love the way you are doing this! I still have time to start!
    Singapore Mum Blog recently posted…Comment on Daily Morning Routines for Primary School by jenniferhayMy Profile

  7. Anne says:

    Nice idea to change up the order, much more flexible
    Anne recently posted…Harry Potter Clue ReviewMy Profile

  8. Kathy says:

    I would love to try this, I too didn’t like the December amount. Great idea!
    Kathy recently posted…Chocolate Covered Valentine’s Day OreosMy Profile

  9. I’m going to do this challenge this year so thanks for the helpful post!
    Kelly @ A Girl Worth Saving recently posted…Slow Cooker Chili VerdeMy Profile

  10. I think we may do this and keep it up in the next year. So much money!
    Megan @ That Neat Blog recently posted…Does online dating work?My Profile

  11. jeanae says:

    I love that so many people are talking about saving. It doesn’t matter which method you use; just pick one & do it.
    jeanae recently posted…Where in the world Wednesday & #TechNoThursdayMy Profile

  12. Rachel says:

    That is a great idea. I saw this and thought the same thing. Many people can’t save $50 right around Christmas. So breaking it up is a better idea.
    Rachel recently posted…Preserving Your Floors Post-HolidayMy Profile

  13. I was thinking the same thing and came up with something different for us too. It’s motivating though.
    Theresa @ Faith and Family Reviews recently posted…Chicco NaturalFitMy Profile

  14. Jenni says:

    I wish I could do this. I mean I could, procrastination nation over here. GOOD LUCK!
    Jenni recently posted…Little Artists DayMy Profile

  15. Nikki says:

    As a single mom, I like your idea of choosing what you put in each week. I think I will implement this!
    Nikki recently posted…The Before, During, and After of My Blighted Ovum MiscarriageMy Profile

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