Saving money is hard. The challenges of saving money are compounded by the fact that there are so many good ideas out there about how to do it. Should you cut back on eating out? Go without new clothes? Leave your car at home every other day? Save for retirement or pay off debt first? Which of these ideas is best for you?

If you’re like most people, you’re looking for ways to save money. While the simplest way to save money is to spend less, that’s easier said than done when you get home from work every day with a to-do list a mile long. The 52 Week Savings Challenge is designed to help you get a handle on your spending and boost your savings, all while inspiring you for the rest of the year. The challenge starts on the first day of the new year, and features a new savings theme each week that should make saving easier.

If you are participating in the 52 Week Savings Challenge, congratulations! You are already off to a good start, but this list is a great way to increase the momentum or to get started if you haven’t started yet. The 52 Week Savings Challenge is a year-long game where you put aside $1.00 every week, starting with week 1, to save up $1,378 by the end of the year. It’s a lot easier than it seems!

Sharing means helping each other!

The best thing about planning for January is the New Year’s savings ideas that are all over the internet. If you’ve seen them all, it can get a little overwhelming. This 52-week savings list will help you find the money assignment that fits your lifestyle.

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How to use these ideas52-week savings challenge

As I mentioned above, these 52-week savings plan ideas can be a little overwhelming. But there are simple ways to make sure you achieve them, and that it’s fun.

  • Plan your contributions in advance. Most cash calls will tell you exactly when to deposit money. Whether it’s a daily, weekly or monthly reminder in your calendar or an alert on your smartphone.
  • Look at your budget first, saving $5,000 is fine unless you have a low annual income. If you need more than 5% of your income to accomplish a savings task, think again.
  • Find another saver! These savings plans are much more fun with a friend. If you want to find a Sparbuddy, join our Facebook group! We have a lot of fun on the field, and we enjoy solving problems like this.

52-week $10,000 cash challenge

Let’s talk about the big boys first. If you are determined to save $10,000 this year, you can do it! Here are some ways to do this. The easiest way to save $10,000 over the next year is to alternate $125, $150, $175 and $300 each week. And therein lies the difficulty: Over the last 4 weeks, you will increase these weekly savings. The payments for the last 4 weeks are $200, $225, $300 and $325. If it’s too hard for you to deposit money in December, cancel your savings plan! Make these 4 payments at the beginning of the year, not at the end.

$10,000 52-week savings challenge

$10,000 52-week savings challenge

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 to get $5000

Look. The easiest way to save $5,000 a year is to simply set aside $100 a week. Boom! Let’s go! This works if you earn a weekly wage of $1000 or more. You save 10% of your salary per week. You can even put that savings on autopilot by putting $100 into a savings account each week. However, if you are looking for a more fun way to save, weekly changes to your savings amounts may be more appropriate. Try these options. A 52-week fun savings plan for $5,000.

 

Week 1 – $25 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 11 – $25 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 21 – $25 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 31 – $25 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 41 – $25 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 Week 51 – 100 Week 52 – 50 Total = $5000 word-image-8421

Financial challenge of 52 weeks for $1,000 or more

The 52-week $1,000 savings plan goals seem to be the most popular, probably because Dave Ramsey says your emergency starting capital should be $1,000. If it’s easier to save that amount in a year if you set aside $20 every week, that’s certainly boring. Ha! If you follow this savings plan, you’ll end up with $1,040. We’ve talked about our favorite 52 week savings challenge before, and this is still the easiest way to do it. The Reverse Savings Plan (pictured above) is essential for people who are on a tight budget but still want to save significantly. Plus, you’ll save a little more if you use the savings plan above. It’s a win-win situation. word-image-8422 Another way to save $1,000 in 52 weeks is to do it monthly. We call it a wholesale savings plan. If you save a certain amount each month, you can treat it as a monthly account. This is a great option for those who have never put money away before, as a monthly deposit will allow you to make quick profits at the beginning of each month. You can use the savings plan shown above or try this to get an actual annual savings of $1,000.

$1,000 52-week savings challenge

$1,000 52-week savings challenge

January – 30 February – 70 March – 80 April – 90 May – 90 June – 130 July – 120 August – 120 September – 90 October – 80 November – 70 December – 30

Daily money-saving challenge

After 21 days a habit has been formed. So daily saving is an apt way to enjoy saving small amounts. Remember, small amounts make a big difference! When we started saving, we decided to save up every five dollars we could find. For some strange reason, we got five dollar bills almost every day. I know that’s why we want to save money now. This small financial challenge and the abundance of money made us realize the power of hoarding. word-image-8423 The advantage of this savings plan is that you can do it every month of the year. If you complete this task throughout the year, you will end up saving $1,235! Since there are 31 days in 7 months, you get an extra $35. YES! This daily savings challenge is interesting because it starts small and builds up to a daily savings of $5. It’s also a big financial challenge for the kids. Here’s an easy way to save $100 in 30 days.

Simple monthly savings plan

Simple monthly savings plan

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 is $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 available) – 5 Total = $100 (or $105 for 31-day months) We hope you find these weekly savings tips helpful and that you don’t feel overwhelmed as you start applying them in the new year.

Another idea for a weekly savings plan? We have a savings plan with the numbers in our 52 week savings plan post. Check!

If you are like us, you probably have more than a few things you’ve been meaning to do, but just can’t bring yourself to start.  We have a solution for you!  We’ve put together a list of 52 weekly challenges that will get you off your butt and make you a better person.  Our 52 week savings challenge list is guaranteed to get you in the habit of saving money, and prevent you from spending your hard earned cash on unnecessary stuff!  How do we know?  Because we did it!  Each week we’ll tackle a different challenge, and share our progress, so check back often to see what we’re up to, and to get some extra motivation to help. Read more about 52 week money challenge $10,000 pdf and let us know what you think.

Frequently Asked Questions

How can I save $10000 in a year challenge?

The 52 Week Savings Challenge is a great way to save money each and every week, as well as make a huge dent in your savings goal. It’s not an easy challenge, but it’s one that will pay off in the long run. Here are some great ideas to get you started. Saving money is hard. Saving money week after week for an entire year without fail is much harder still. But if you have a specific goal, such as paying off debt, it can be easier to save money. This challenge is to help you get started saving money for a big goal by breaking the year into smaller, achievable goals.

What is the biggest challenge to saving money?

Today’s post is the answer to the following question: What is the biggest challenge to saving money? We asked the members of our Facebook community to share their thoughts on this topic. Here are some of the responses that we received. Saving money is a lot harder than it sounds. Whether you’re trying to put away a little bit of money every week or you’re trying to save up for a big goal, it can be really hard to get going. Take it from a person who has tried and failed to save money multiple times: the biggest challenge, by far, is getting started. If you don’t have a plan for how you’re going to save, you’re going to be hard-pressed to reach your goals. That’s why it’s important to figure out ways to save money incrementally—and to make sure that you stick with them.

How much money do you save on the 52 week challenge?

The 52 week challenge is a savings challenge that you do every year. You simply put some money aside everyday until you have a significant investment account. The 52 week money challenge has been around since the recession of 2008. In the beginning it was to help people save money. Now it has evolved to help people pay off their debt and save for retirement. The 52 week challenge is a savings challenge that encourages people to save money by participating in the challenge. The challenge is a common and effective way of saving money because the emphasis is on saving money in every paycheck throughout the year, rather than saving a large amount at the start. The 52 week challenge is different from other savings plans in the sense that savings are not placed into one account and then withdrawn from as desired. Instead, the money is placed into separate accounts that cater to different saving goals.

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