52 Week Money Challenge – Start A Year of Saving


Wealth / Friday, November 30th, 2018

The new year is around the corner.  What better way to start it off then by starting a money saving challenge.

The 52-week money challenge has been around for quite some time.  It’s a great structured way to start saving money.

Related Post: How to Save Money When You’re Broke

Note: This page contains affiliate links, which means that if you buy something using one of the links below, I may earn a commission.

Start the 52 Week Money Saving Challenge.  Start saving now and in 52 weeks have a healthy savings, emergency fund, or travel money. #savingmoney #moneysavingtips #52WeekChallenge #HWS #healthywealthyskinny

52 Week Money Saving Challenge

The 52 week money challenge is very simple and straight forward.  You start off by saving $1 in week one.  You increase your savings by $1 each week until you ultimately save $52 in week fifty-two.

At the end of the challenge you will have saved $1,378.

Pretty cool right?

Here is a table that shows how your savings will progress each week during the challenge.

Week NumberSavings AmountSavings Balance
Week 1$1.00$1.00
Week 2$2.00$3.00
Week 3$3.00$6.00
Week 4$4.00$10.00
Week 5$5.00$15.00
Week 6$6.00$21.00
Week 7$7.00$28.00
Week 8$8.00$36.00
Week 9$9.00$45.00
Week 10$10.00$55.00
Week 11$11.00$66.00
Week 12$12.00$78.00
Week 13$13.00$91.00
Week 14$14.00$105.00
Week 15$15.00$120.00
Week 16$16.00$136.00
Week 17$17.00$153.00
Week 18$18.00$171.00
Week 19$19.00$190.00
Week 20$20.00$210.00
Week 21$21.00$231.00
Week 22$22.00$253.00
Week 23$23.00$276.00
Week 24$24.00$300.00
Week 25$25.00$325.00
Week 26$26.00$351.00
Week 27$27.00$378.00
Week 28$28.00$406.00
Week 29$29.00$435.00
Week 30$30.00$465.00
Week 31$31.00$496.00
Week 32$32.00$528.00
Week 33$33.00$561.00
Week 34$34.00$595.00
Week 35$35.00$630.00
Week 36$36.00$666.00
Week 37$37.00$703.00
Week 38$38.00$741.00
Week 39$39.00$780.00
Week 40$40.00$820.00
Week 41$41.00$861.00
Week 42$42.00$903.00
Week 43$43.00$946.00
Week 44$44.00$990.00
Week 45$45.00$1035.00
Week 46$46.00$1081.00
Week 47$47.00$1128.00
Week 48$48.00$1176.00
Week 49$49.00$1225.00
Week 50$50.00$1275.00
Week 51$51.00$1326.00
Week 52$52.00$1378.00
52-Week Money Saving Challenge - Save $1000 to $5000 in 1 year

52 Week Challenge Flaws

The 52 week money saving challenge is great when it comes to it’s simplicity.  However, it does have some flaws.

If you follow the traditional savings plan for each week, you will end up saving $49 to $52 a week in the month of December.  Due to extra expenses that occur during the holiday season these amounts can be difficult to save.

Another flaw in the money challenge is that it assumes that you will have an increased amount to save as the year progresses. As the year progresses you not only have to change your savings habits; you have to  increase the amount of money you have available to save.

This is not necessarily a bad flaw as it will force you to consider ways to not only save but increase your income.

52-Week Money Saving Challenge - Save $1000 to $5000 in 1 year

52 Week Challenge Variations

I’ve pointed out a few flaws in the 52 week challenge, but there are ways to get around them.  Here are a few ways you can adjust the challenge to make it more flexible and fit your individual needs.

Save in Reverse

If you suspect that you will have more money at the beginning of the year then at the end, you can simply take the 52 week challenge in reverse.

On week 1 you can save $52 and then decrease the amount you save each week by $1.  This will allow you to save smaller amounts as the year progresses.

This is also a great option if you feel as if you are more motivated at the beginning of the year.  The challenge will actually get easier as time progresses.

Save Random Amounts

Another variation of the challenge is to save random amounts based on what you have available.  This option is great if your income varies or if you are just a free spirit.

If you choose to save random amounts you simply need to cross off the amount you save from your tracker each week.  For example, if you decided to save $32 one week, you would cross off week 32 from your list.

Save Monthly Instead of Weekly

Sometimes saving on a weekly basis just isn’t convenient.  Especially if you are like me and you get paid monthly.

Here is a 2019 monthly variation of the 52-week challenge where you save monthly amounts instead of weekly.

MonthSavings AmountSavings Balance
January 2019$10.00$10.00
February 2019$26.00$36.00
March 2019$55.00$91.00
April 2019$62.00$153.00
May 2019$100.00$253.00
June 2019$98.00$351.00
July 2019$114.00$465.00
August 2019$165.00$630.00
September 2019$150.00$780.00
October 2019$166.00$946.00
November 2019$230.00$1176.00
December 2019$202.00$1378.00

Also, keep in mind that you can use the “Save in Reverse” or the “Save Random Amounts” variations with this monthy variation as well. 

52-Week Money Saving Challenge - Save $1000 to $5000 in 1 year

52 Week Money Challenge – $5000

If you are really adventurous or if you have already completed the traditional 52-week challenge the $5000 52 Week money challenge is a great next step.

As I’m sure you’ve guessed already the $5000 money challenge just requires you to save larger amounts of money each week. At the end of the challenge you will have saved $5000!

Now that’s a nice chunk of change!

Download a free savings breakdown of the $5000 52 Week Challenge below…

$5000 52-Week Money Saving Challenge Free Printable

Are You up to the Challange?

If you made it this far, you should be super excited about all the money you are going to save. 

Are you going for $1,378 or are you aiming high for the $5000?

Don’t forget to choose a variation that will make the 52-week challenge work for you.

Leave a comment and share you you plan on saving this year.

Learn how to save $5000 in one year by following this simple 52 week savings challenge. #savingmoney #moneysavingtips #52weekmoneysavingchallenge #HWS #healthywealthyskinny

Don’t forget to Like, Share, Tweet, and Pin this post.

9 Replies to “52 Week Money Challenge – Start A Year of Saving”

  1. Wonderful post! I’ve been thinking to save some money for really long time now, but I always end up spending it lol. After this Christmas, I am trying this 😀 your post is useful and very easy to follow. Thank you!

  2. I think the reverse idea makes much more sense than the original post. Also the best idea is to take that money and invest and make more money!

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.