Monday, January 6, 2014

52 Week Money Saving Challenge

A friend of mine brought this savings plan to my attention; I don't know the original source for credit, but it is an amazing idea and I wanted to share it here!

Most families can't just put a thousand bucks plus into savings on a whim, but you can put a dollar here and a dollar there...and over time, it adds up!

I set up a free interest earning Capital One 360 account (formerly ING).  I've used them for years with zero issues; and they have great customer service.  I set up automatic transfers from my checking account, one a week.  Every Thursday a small amount will go straight to savings and I won't miss it!

You can print up the chart above and tape it to a mason jar, but cash would be too tempting for me- I know everyone is different though, so there are many ways to do this that will fit your family best!

There are variations to this; some people alternate- small week, big week, so a hit isn't taken too big at the end of the year.  So, for example:

Week 1
Week 52
Week 2
Week 51

I like to do it this way to get a little more interest accruing.

Some double it so there is almost 3k in there at the end of the year!

What will YOU save for over the next year?


  1. I've seen this plan and keep telling myself we should do it....maybe I will finally start it!

    1. I hope you do! I'm so glad I did. I look forward to my deposits and love watching it grow! And the amounts are so small, I don't really miss them.