Powered by Mom is doing the 52 Week Money Challenge
I can’t believe I haven’t done this since 2014! 2017 is up next I’m going to do the 52 week money challenge again. Whose with me?
It’s quite easy to do and the amounts are small so there’s no reason not to do it. I have no excuse as to why I didn’t do it in 2015 & 2016 but it’s time to do it again. What I’m also doing is scheduling my deposits via my online banking so I don’t forget to do it. If you don’t have online banking put it in your Outlook or Gmail calendar (any electronic calendar) or hard copy calendar so you don’t forget 🙂
Below are some more details but I want to know who wants to join me? I know several of you on Powered by Mom’s Facebook page the other day said you were going to do it so let’s do it together!
I love this money saving challenge chart and of course I had to make my own that had a bit of purple in it but was still easy to read so mine is above and you should be able to print it too! You can either right click it and print it as a picture or you can print this 52 week money challenge and you will have a handy hard copy 🙂
Info on the 52 Week Money Savings Challenge
I’ve already done my first week’s deposit for 2014 a whopping $1 :). Whether you’re making new year’s resolutions or not this is a great way to save a bit of money that for the most part should’t be to hard on the wallet.
How It Works
Obviously the 52 Week Challenge is based on 52 weeks in a year so you start with putting $1 into your savings account, then $2 on week two, $3 on week three etc just like the picture above indicates. Doing it this way you will save a total of $1378.00. Some of you on our Facebook discussion mentioned that you’re going to do this backwards starting with $52 as some find money much tighter near the end of the year right after Christmas. I think either way is a fabulous idea.
So who wants to join me? Leave a comment below and let’s encourage each other. I will be posting either here or on Facebook once a month to say how I’m doing and we can all check in and encourage and support each other!
Kimberly alumbaugh says
January 2, 2017 at 10:57 AMThis works so good, have done it 2 years in a row and it makes it so easy to have Christmas and December birthdays!!
Anne says
January 1, 2017 at 3:35 PMWhat a great idea! I don’t think I’ll be able to do it this year, though, since we’re trying to close on a house and every dollar needs to be accounted for. Maybe I can start at the six-month mark, which would still be something.
Blessed Assurance says
January 1, 2017 at 3:09 PMYes I am ready
Sophia,M.,McConnery says
January 1, 2017 at 2:01 PMSorry no pennies even to spare here!All my income goes to rent and utilities!
Stephanie M says
January 14, 2014 at 6:30 PMat the local credit union they gave us this idea i love the end result but im just not sure i have the will power!
Susan says
January 9, 2014 at 9:36 AMI;m going to do something similar – instead of adding addition $1 per week – I’m going to do a set amount per month when hubby is paid into my savings and my kids savings accts
might be a little less at end of year but will definitely increase our savings!
Kris DeVoss says
January 8, 2014 at 8:53 PMI have been looking for this …I am so glad I found it here …I am so doing this …Thank you!!
Maggie says
January 8, 2014 at 8:30 PMSounds awesome! I’ll give it a try too!
Suzanne Stevens says
January 8, 2014 at 7:40 PMI love this money-saving challenge! I am do doing it!
Richard Hicks says
January 8, 2014 at 5:23 PMNice and easy way to save up for xmas shopping in December!
Deborah Caudill says
January 8, 2014 at 2:34 PMSaving money for a year by breaking it down into 52 weeks of much more manageable blocks is a wonderful idea. I’m in, but am a little behind, so I will have to start out at a dollar and save more each week. Thanks for sharing and for providing support.
Sandra Brower says
January 8, 2014 at 1:31 PMThis sounds great. Will have to try!
Stephanie F. says
January 8, 2014 at 1:21 PMI’ll join you. Will share with my husband so he can help keep me on track. Thanks for the inspiration!
Melissa sumeriski says
January 8, 2014 at 12:18 PMMe and hubby might just might give it a go
Lisa R says
January 8, 2014 at 8:07 AMpretty fun way to save or reverse it so it gets easier, lol
sibabe64 at ptd dot net
Elaine Sumner says
January 8, 2014 at 5:47 AMSaving money is a good habit!
Gretchen Duplisea says
January 8, 2014 at 12:37 AMthis is a great idea
Powered by Mom says
January 8, 2014 at 6:48 AMglad you liked it 🙂
Patricia Legg says
January 7, 2014 at 10:26 PMThis is a good idea, but unfortunately the way finances are here, would be robbing Peter to pay Paul.
Powered by Mom says
January 8, 2014 at 6:49 AMsorry to hear Patricia, perhaps next year or you can start it and see how it goes as the beginning is easy with $1 first week, $2 next week. all the best
Heather DeCosta says
January 6, 2014 at 8:47 PMI am really going to try and do this!
Powered by Mom says
January 6, 2014 at 9:12 PMyay Heather good luck!
keyosha holmes says
January 6, 2014 at 8:04 PMI have been seeing this and I really want to do this challenge!
Joyce Raymond says
January 6, 2014 at 8:01 PMThis is very appealing to me. I would like to try it. I know that I could do it for awhile, at least.
Yvonne G says
January 6, 2014 at 7:20 PMEven though I’m a few days late to get started (it”s easy to catch up during the first week) I’m taking advantage of this EASY chart AND looking forward to having SAVED those $$$ at the end of this year.
Thanks for the chart !!!
Powered by Mom says
January 6, 2014 at 8:11 PMYou are very welcome Yvonne and good luck!
Tasha says
January 6, 2014 at 6:30 PMI can do this!!
carol m says
January 6, 2014 at 5:56 PMI printed it and hung it up so we can do it thanks for the great idea
Powered by Mom says
January 6, 2014 at 8:12 PMyou are so welcome Carol!
Jessica Rinker says
January 6, 2014 at 11:11 AMIm going to do it!
Powered by Mom says
January 6, 2014 at 4:41 PMyay Jessica!
Valerie Guerrero says
January 6, 2014 at 8:59 AMTHNKS GOIN 2 TRY IT
Powered by Mom says
January 6, 2014 at 4:40 PMwoohoo Valerie can’t wait to see how we all do 🙂
linda w. says
January 6, 2014 at 5:15 AMI think instead of putting it in a savings account i’m going to do the challenge on one of my debts for repayment. Great idea and will help me knock my debt down!
Celebrate Woman says
January 5, 2014 at 9:15 PMLove this idea and implementation, Michelle. Let’s do it!
Adrienne Sydnor says
January 5, 2014 at 8:39 PMThis is a great idea. If I happen to find a job, I will be playing catch up. (I just got laid off last week from both my jobs)
shanna says
January 5, 2014 at 8:21 PMIt sounds like a great way to get started saving money! I’m thinking of joining along!
Donna K says
January 5, 2014 at 8:15 PMIt sounds like a good way to save money.
Debi H. says
January 5, 2014 at 6:26 PMThis is a great way to start the habit of saving! My husband and I started saving years ago with $20 per paycheck. Every time he got a raise we increased our savings instead of spending it. We also set it up to be automatically taken from checking when he got paid and transferred to savings.
judy mitchell says
January 5, 2014 at 5:24 PMwe are doing this but were worried that we might not be able to do the larger amounts in Nov and Dec of next year so what we are doing is taking the amounts and writing them on slips and then each week we will pull a slip with the amount we are comfortable saving. This allows for some flexability if we have an unexpected bill during the year or a smaller paycheck. We started with the largest amount $52 on Friday.
Gale McCarron says
January 5, 2014 at 4:24 PMI love this idea and seems easy enough to do. I wanted to try new things this year, so this was just added to my list. Thanks!
Ashley F says
January 5, 2014 at 4:11 PMI’ve seen this a few places, such a great idea. I really should try doing it!
EJ (Jane) says
January 5, 2014 at 2:40 PMI started on the first, I can do this!
Cynthia Cover says
January 5, 2014 at 1:55 PMI have a friend who is doing this challenge along with a meal list for 3 months. I may try this to save for a vaca!