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The 52 Week Money Challenge – Save $1,378 to $10,000

The 52-Week Money Challenge is a fantastic tool for saving money. The original 52-week money challenge is easy to complete and merely calls for you to set aside $1 for the first week, $2 for the second, $3 for the third, and so on. You will have saved $1,378 at year’s end!

The challenge is a fantastic method to develop the habit of budgeting. The fact that it’s simple to implement and you can track your progress each week makes this an excellent approach to start saving.

Involving your friends and loved ones in your money saving efforts is a great strategy too. By working together to overcome the task, you can encourage one another as needed to stay motivated.

What Is The 52 Week Money Challenge?

number 52

This challenge is a great way to save money because it forces you to save money every week. It is also a great way to get into the habit of saving money. Once you start saving money, it will become easier and easier to save money.

The 52 Week Money Challenge is a great way to save money. It is a simple challenge that anyone can do. The challenge is to save money every week for 52 weeks. 

The 52 week money challenge can be done by anyone, whether they are a student, a working professional, or a stay at home mom. The challenge is simple, but it can be difficult to stick to. 

The key is to start small and to increase the amount you save each week

Challenges are fun, and this is your chance to show yourself that you can handle anything.

A money-saving challenge can be a fun way to help you reach your saving goals. You save some money every month, and you keep yourself motivated by crossing off the past weeks on the pintable’s below in this calculator, that are part of a money-saving challenge.

How Does The 52 Week Savings Challenge Work?

  • The original 52 week money challenge is to save money every week. 
  • The first week, you save $1. 
  • The second week, you save $2. 
  • The third week, you save $3. 
  • And so on, until you reach the 52nd week, when you save $52. 

At the end of the 52 weeks, you should have at least $1,378 saved up in your bank account.

The challenge is to save as much money as possible.

How to save with the 52 week challenge chart

Or even better, combine this with the viral cash stuffing envelope trick!!

You can find a 52 week money challenge pdf or template – many sites will charge you for one.  Others will request you enter your email address and then they will send you non stop emails.

OR – you can use my calculator for free below.

The challenge can be started at any time and does not need to be started on January 1st. The important thing is to be consistent and to make sure that you save the money each week. There are a few different ways to do this.

  • One way is to put the money into a savings account. This account can be with your bank or it can be a separate account that you set up specifically for this challenge. 
  • Another way is to put the money into a jar or envelope and label it with the week number.

The key to success with this challenge is to make sure that you do not spend the money that you save. It can be tempting to spend the money, but if you do, you will not be able to complete the challenge.

If you are able to stick with the challenge, you will be amazed at how much money you will have saved at the end of 52 weeks. 

Buy The 52 Week Money Challenge Book on Amazon


Quick Ways To Cut Ever Day Bills For Quick Savings

  • The first thing you need to do is to check your credit score and credit history to make sure it is accurate. The quickest way to save money in your everyday life is to avoid having a low credit score. And if you already have a low credit score, fix it ASAP.



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Next, you will want to shop and make sure that you have the best credit card for your own personal situation. Whether it is having a lower APR, or more cashback and rewards – it is difficult to go through all of the offers from all of the credit card offers available. Instead, HAVE CLYDE AI PERSONALLY SEARCH FOR THE BEST CREDIT FOR YOU


The next step is to look at your existing loans/debt. As a financial planner I was always amazed at the horrible loan terms car dealerships or mortgage companies would give to people. It is border line criminal. Why not have one company shop among the largest loan providers for you?

How helpful to your 52 week savings challenge would freeing up $25 or $50 from your car loan be? Or a few hundred dollars a month from your home or student loans?


You may or may not get the same savings from looking at your insurance policies – but you will almost certainly have a higher success rate. As a financial planner I would always have my clients shop their insurance policies when we would start to work together. You will almost certainly get one of three outcomes: 1) Get a less expensive policy 2) Get a better policy 3) Get more coverage for the same or less cost. So spend a few minutes and let these companies SHOP FOR THE BEST POLICIES for YOU!

PolicyGenius – Life, Home Auto, Disability


All of the above will only take you a few minutes each to accomplish. Not only will it put you in a better financial position – it will almost certainly lower your bills. This would free up some extra cash flow for you to start saving towards your 52 week challenge!!

There are more complicated steps to take – which you can find throughout my blog, so take a look around. but this is a great start towards improving your personal finances.

The last suggestion is to now start tracking your progress – THIS IS THE BEST PART!!!

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Why Do A 52 Week Money Challenge?

Most people can’t cover a $400 emergency, which is just a small car repair or medical bill. Most folks don’t have enough money to retire. Or to buy their car outright. Or can’t afford their vacation.  Saving money is easy with a 52 week money challenge. 

It enables you to set aside a small sum of money each week, and by the end of the year, you will have accumulated a sizable sum. This challenge is a great way to increase your savings and a fantastic method to learn how to be mindful of your expenses.

There are several benefits to taking on a 52-week money challenge. 

  • You may be able to save money, which is one of the benefits. This challenge can be a fantastic approach to make yourself save money if you have trouble doing so. 
  • You should take on this challenge because it will encourage you to be more conscious of your expenditures. This challenge can help you become more conscious of your spending habits if you have a tendency to spend money carelessly.
  • A 52-week money challenge is a terrific choice if you’re searching for a challenge that will encourage you to cut costs and improve your awareness of your spending.

The possibilities

Consider the possibilities if you had an extra $10,000 stashed up. What would you do if you had that much cash? 

Paying off student loans or taking a dream vacation? 

Or perhaps it would mark the beginning of an early retirement? 

Continue to consider each of those points. Regardless of how difficult the challenge may seem, motivation will help you start and complete it.

  • Do you owe money?
  • Do you wish you had a reserve for emergencies?
  • Want to purchase a new home or vehicle?
  • Ever wished you could put more money down for retirement?
  • If you accept this 52-week challenge, you will be well on your way to achieving all of the aforementioned.

Why Is It Important to Take and Complete the 52 Week Money Challenge?

to do checklist

The challenge is important because it will help you save money so you can live your dream life and reach your financial goals. When you save money and build up a financial base, it will be much easier for you to make some decisions. You could take a short break from work, quit and start your own business, or work less so you have more time to do the things you love.

You can start with any amount of money that you have.  The 52 Week Money Challenge is a great way to save money for:

  • A rainy day fund or for a vacation. 
  • A house or for a new car. 
  • For your retirement. 
  • Your children’s education. 
  • A new business. 

Why Does the 52 Week Challenge Work?

It’s all about goal setting, and motivation…

A Harvard Business study reveals incredible stats relating to goal setting and success. 

The study shows those who have goals are TEN TIMES MORE LIKELY to achieve them, than those without goals.  Those with WRITTEN GOALS are another THREE TIMES MORE LIKELY to achieve their goals

The 52 Week Money Saving Challenge works because it is an easy and effective way to save money. It is a great way to start putting money away for a rainy day or for a goal in the future. The goal is to save money for 52 weeks, starting with $1 the first week and adding $1 each week after that. You will have saved $1,378 by the end of the 52 weeks.

The goal of this 52 week challenge is to get you in the habit of saving money. That means you will save a certain amount of money each week and try to reach the savings goals you have set for yourself. Make a promise to take on this challenge and get going! If you do this every week, you will feel good about yourself after 52 weeks. 

Recap- How to Successfully Complete The 52 Week Money Challenge

Besides the obvious benefit of having $1,000 or more in your savings account when the challenge is over, there are other good things that come with it:

Steps for success

1) You will learn how to budget.  No matter how much money you make, if you don’t know how to budget and save, you’ll spend all of it.

2. You will become a more disciplined saver. There’s no doubt that going over your budget and savings every week gives you a routine and teaches you to be responsible.

3. You will learn how to work toward your goals, and the feeling of succeeding.  To finish the challenge, you’ll have to come up with new ways to do it and keep track of your progress.

4. It will become a habit for you to save money.

What If You Have a Setback?

  • The following week, double up.
  • Divide the money from the missed week evenly among the weeks left in the challenge (this reduces the burden when you have a lot of weeks left to split it between)
  • If you are close to the end of the challenge and can’t double up, just add a 53rd week (Give Yourself Grace).
  • Stay Motivated!!

Different Varieties of the 52 Week Money Savings Challenge

There are several ways that you can start saving money every week.  Regardless of which challenge you decide to take – the steps are the same for each.  Here are the steps to complete the 52 Week Money Challenge:

  1. Decide how much money you want to save each week.
  2. Put that amount of money into a savings account, envelope, or jar each week.
  3. At the end of 52 weeks, you will have saved a significant amount of money!
  4. If you want, you can start the challenge over again at the beginning of each year.

The Original 52 Week Money Challenge – Save $1378 In 52 Weeks

Initially in this article –  I discussed the original 52 week money savings challenge, 

  • The original 52 week money challenge is to save money every week. 
  • The first week, you save $1. 
  • The second week, you save $2. 
  • The third week, you save $3. 
  • And so on, until you reach the 52nd week, when you save $52. 

At the end of the 52 weeks, you should have at least $1,378 saved up in your bank account.

Reverse 52 Week Money Challenge

How Does The Reverse Savings Plan Work?  This approach is for those who want to challenge themselves early and fear they will find the larger savings amounts at the end to be difficult for them.  With this approach you are getting the harder savings out of the way in the beginning, and reversing the challenge.

This approach is also more friendly for those who want to grow their savings account quicker.

  • Week 1 you set aside $52 into your envelope or savings account
  • Week 2 you put away $51
  • Week 3 you save $50
  • You continue decreasing your weekly savings amount by $1 each week until the end of the year, until week 52 and you only have to save $1.
  • You once again will have saved $1,378 by the end of the 52 week challenge.

365 Day Money Challenge

This is a different spin on things, but ultimately gets you to the same place.  With this approach,l we are less focused on weeks – and instead are focused on saving by the day

  • Every Monday you put $1 into an envelope.
  • On Tuesday you put away $2
  • Wednesday, save $3
  • On Thursday you commit $4 to your savings account
  • Each Friday you take a spare $5 and tuck it away
  • On Saturday save $6
  • Finally, each Sunday you will put away $7
  • At the end of each week you will have saved a total of $28
  • Repeat this each week, and at the end of the year the total is $1,456

The 100 Envelope Challenge

The 100 Envelope Challenge is a fun and easy way to save money, and anyone can do it. All you need is 100 envelopes. In order for the 100 envelope challenge to work, you need to number 100 envelopes from 1 to 100. 

Every day, you pick an envelope at random and put in as much cash as the number on the envelope says. You will have $5,050 when all 100 envelopes are full. 

For example, on Day 1 you would put $1 into your envelope, on Day 2 you might put $32 in your envelope, and so on. At the end of the challenge, you will have saved $5,050! That’s enough to cover unforeseen expenses and have some money left over. 

Over 40% of Americans don’t even have $1,000 saved for emergencies. So if you can do this challenge, you’ll be well on your way to financial stability. Are you up for the challenge? 

52 Week Money Challenge $10,000

This is for people who are serious about saving money, and quickly.  You will need to have discipline and a strong motivation to complete the 52 week money challenge and save 10 000 in 52 weeks!

This requires putting away almost $200 per week, or over $800 a month.

For more details, see my article on the 10 000 52 week money challenge

6 Month Money Challenge 

Now we are pushing the envelope a little bit further and being more aggressive in how quickly you can build up a savings account.

For more details, see my article on the $10,000 6 month money challenge

3 Month Money Challenge $10,000

If you have completed the previous challenges, or are really looking to aggressively save a lot of money and fst – this is the challenge for you!!

For more details, see my article on the $10,000 3 month money challenge.

Michael Ryan
Michael Ryanhttps://michaelryanmoney.com/
A former stockbroker, financial planner, and owner of my own financial planning practice and then a property & casualty agency. I have since retired and decided I want to help individuals and business owners by offering personal financial coaching. And now, I have started my blog - www.michaelryanmoney.com - to bring financial literacy to everyone. In a short time I have already been quoted and featured in US News & World Report, Business Insider, Yahoo Finance, and more (https://michaelryanmoney.com/home/press/) As a financial planner, I helped people from all walks of life. If you have questions about money, I will help you find the answers at www.MichaelRyanMoney.com
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