Free 52 Week Savings Challenge Printable (2024)

FAQs

How can I save $5000 with the 52-week money challenge? ›

There are no complicated rules to remember. Week 1, you save $1.00. Week 2 you save $2.00, and it continues through the year, adding one more dollar to each week's savings goal. By Week 52, you'll set aside $52.00, which will bring the year's total savings to $1,378!

Match each week's savings amount with the number of the week in your challenge. In other words, you'll save $1 the first week, $2 the second week, $3 the third week, and so on until you put away $52 in week 52.

The 52-week money challenge is a savings method where you increase the amount you save by $1 every week for a year. So, you'll deposit $1 into your savings account during Week One, $2 during Week Two, and so on, until you reach Week 52 and deposit $52.

If you saved $1 a day for a year, do you know how much money you'd have? Roughly $30,000. This is totally 100% true.

You can save over $5,000 in just over three months with the 100 envelope challenge. It works like this: Gather 100 envelopes and number them from 1 to 100. Each day, fill up one envelope with the amount of cash corresponding to the number on the envelope. You can fill up the envelopes in order or pick them at random.

Starting week 1, deposit your savings on M-Shwari starting with KSHs. 50, then KSHs. 100 the next week, KSHs. 150 the week after that and so on and so forth, until the last week of December where you will save KSHs.

Do you want to save some money for holiday gifts or other short-term goals? Consider doing the 30-Day $100 Savings Challenge. The goal of the Challenge is simple: save $100 in a 30-day time period through a series of gradually increasing deposits.

Save Every $5 Bill Challenge

If you are a cash user, then this is one of the easiest ways to save money. You simply save every single $5 bill you get. So, whenever you get change you will be hoarding those $5 bills like a chipmunk collecting nuts for winter.

How much is 50 cents a day for a year? ›

Saving just 50 cents a day will get you $18,250 in a year. Let that si...

With this challenge, you save weekly rather than daily. And this amount goes up incrementally. Essentially, you save £1 for each week you are on in the year. So week one = £1 and week 52 = £52.

So, let's say you're able to invest $5 a day over a 40-year period. At an average annual 10% return, you're looking at accumulating about $797,000 -- and you'll have only put in $72,000 of your own money over that 40-year stretch.

There are 52 weeks in a year. That means that, after a full year of saving, $100 per week adds up to $5,200.

January starts with a daily savings rate of $1/day. Every subsequent month increases in $1 increments with December ending in $12/day. You can save a dollar a day for 365 days or have more savings per day and establish an even bigger savings pot at the end of the year!

The 52 week saving challenge - save £1,378

Essentially, you save £1 for each week you are on in the year. So week one = £1 and week 52 = £52. Like the larger daily challenges, this will require other savings efforts as you'll be putting some significant sums of money into your savings pot by the end.

If you save $11-12 every weekday, for 52 weeks of the year, you get about $3,000. Now, if you also eat out a lot for dinner, eating in for dinner would save you just as much.

The first step to reaching any financial goal is to break it into bite-sized pieces. If you want to save $5,000 in one year, you'll need to save approximately $417 a month. That's about $97 a week. Saving almost $100 a week may be a lot depending on your finances.