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Let me tell you about the 52 Week Savings Plan


The start of the New Year is a great time to start saving money. One way to do this is by taking part in the 52 Week Savings Challenge. This challenge encourages you to save a different amount of money each week for 52 weeks, with the goal of having saved $1387 by the end of the challenge.


The first week you will contribute $1 and increase that amount by $1 every week with your final week's contribution being $52 at the end of the challenge. If you start this challenge on January 1st, then each week of the year corresponds to the amount you must save - week 1 = $1, week 2 = $2, etc.


The 52 Week Savings Challenge is a great way to get into the habit of saving money. It’s easy to stick to because you only have to save a small amount each week. This makes it easier to stay on track and reach your goal. Plus, it’s a great way to build up your savings over time. Financial preparedness is an important part of overall emergency preparedness. Having an extra $1387 saved up can help you be better prepared for any unexpected expenses or emergencies that may arise.


Once you’ve completed the challenge, you’ll have an extra $1387 to use however you want. A good way to stay motivated is to choose how you're going to use the money ahead of time. Here are some ways you can use the money:


• Creating an emergency fund

• Paying down debt

• Investing in silver

• Purchasing essential emergency supplies such as a first aid kit

• Increasing your knowledge by completing a certificate course

• Contributing to a large purchase such as a hame radio or a freeze dryer

• Improving your marksmanship with a firearms coaching session


There are many ways to make the 52 Week Savings Challenge work for you. You can set up an automatic transfer from your checking account to your savings account each week, or you can place cash in a jar whether it be from your budgeted cash envelopes or spare change found while sorting the laundry. You can also use apps like Acorns or Digit to help you save automatically.

As a young family with lots of littles, financial preparedness is an area we struggle with, so this year we're determined to make it a priority. I picked up a small bank from my local Dollar Tree, and have been sliding the cash into the slot each week. I like this method because it allows me to see my savings grow, while also being slightly more difficult to access due to its design - it's not as easy to open as an envelope or mason jar.


If you're interested in accomplishing this goal, it is important that the Challenge works for you and your lifestyle. We all have different circumstances, and it's wise to consider yours before setting financial goals.


Here are a few ways to adapt the 52 Week Savings Challenge to better serve you:

  1. Start backward. Many of us have just come off spending a little too much money over the holidays. That's sure to happen again come December 2023. If you know you won't want to stash away an extra $49, $50, $51, & $52 in the last month of the year, stash it away now. That way come Black Friday sales, your obligation is less than $10 to complete a year-long pursuit,

  2. Play BINGO. Did you score a $50 cash bonus? Find $4 in the laundry? Use our printable to check off whatever amount you're able to set aside each week, regardless of what official "week" you're supposed to be on.

  3. Pay it Forward. Is your obligation for the week $8 but you've got an extra $20 in your pocket? Add the bill to your bank and check off both Week 8 and Week 12.

  4. Double Trouble. Have yourself and another household member complete the challenge separately for double the savings. You can hold each other accountable and combine your total for a joint purchase.

  5. Split the Different. The second half of this challenge starts to add up. If saving an extra $100 or more a month is simply too much for your current circumstances, pick a max week - say Week 26 for $26, then start over at Week 1 for $1 and repeat for the remainder of the year. This will earn you $702, which is a completely worthy accomplishment!


To help you stay on track, we've created a free printable to track your progress. This will help you stay motivated and keep track of how much you've saved each week.


No matter how you choose to save, the 52 Week Savings Challenge is a great way to start the New Year off right. It’s an easy way to build up your savings and reach your financial goals. So why not give it a try? Download our free printable and get started today!



52 Week Savings Challenge (8.5 × 11 in)
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