The 52 Week Savings Challenge isn’t necessarily a new concept. I’ve seen it floating around for many years now, and it’s always intrigued me. This year, I stumbled upon the idea again, and decided that this year I finally needed to jump in and do it. After all you only start with a dollar!
The basic idea behind the 52 Week Savings Challenge is that you put back money every week, beginning with one dollar and ending with $52. While that doesn’t sound like a whole lot, added altogether you’ll end up with over $1300! That’s a good down payment on a used vehicle or even a great start to funding your emergency fund.
To make the 52 Week Challenge even easier you can also begin with savings $52 a week and ending with $1–making saving during the crazy Christmas and Holiday Season a bit easier.
Obviously we’re already 4 weeks into the 52 Week Savings Challenge, so your initial deposit would need to be $10 if you’re starting with $1, or $202 if you’re starting with $52.
I would love for you to join in with me on the 52 Week Savings Challenge. I’ve created a couple of printables to show you just how the savings adds up, and a tracking sheet so you can see your savings grow. Who’s to say that you couldn’t decide to add a little extra to your savings each week?
Let’s watch our savings account grow! Who’s with me?
Download your 52 Week Savings Challenge Record and Tracking Sheet here.