One of the best ways to save money, instead of just saying you want to start saving more money, is to have a plan. Have a goal, and figure out how much you need to put aside on a regular basis to meet that goal by a certain date.
A Money Saving Challenge makes it easier for you to keep track of your progress as you work towards your savings goal, by setting a specific amount to save each week.
Today, I’m sharing 3 printable 52 Week Money Saving Challenges to help you save more money this year.
- 52 Week Money Saving Challenge
- Reverse 52 Week Money Saving Challenge
- 26 Paydays Biweekly Money Saving Challenge
By completing any of these three challenges over the next year you will save between $1378 and $1404.
Whether you have a specific thing you’re saving for (a trip, a car, house down payment, renovations, money for next year’s Christmas shopping) or just want to increase your savings account balance for peace of mind, these challenges can help you reach your saving goals.
- Click on any of the photos below to download the free printable Money Saving Challenge tracking sheet.
1. 52 Week Money Saving Challenge – Save $1378 in one year
The concept behind the 52 Week Money Saving Challenge is simple. Each week you put an extra dollar towards your savings, and at the end of one year you will have saved $1378. This plan starts out nice and easy to help build the savings habit.
2. Reverse 52 Week Money Saving Challenge – Save $1378 in one year
This challenge starts off with saving larger amounts in the early weeks and gradually declines over the year. There’s a couple of advantages to doing the Reverse Money Saving Challenge. First, you get the hardest work done first, when you’re likely the most motivated to save. You can see your balance growing quickly right away, which helps keep you motivated to stick with the plan.
3. Biweekly Money Saving Challenge – Save $1404 in one year
This challenge is ideal for people who get paid biweekly (every two weeks). Put aside the specified amount every payday and you’ll hardly notice that you’re building up a nest egg that will grow to over $1400 over the year.
(Click on the image to download the free printable 26 Paydays Biweekly Money Saving Challenge tracker.)
So, if you’d like to increase your savings this year, pick one of these 3 money savings challenges, print out the free printable tracking sheet and start saving!
I’d love to hear which money saving challenge you’re going to do this year! What are you saving for?