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Easy 52 Week Money Saving Challenge

in Family and Home on 01/05/14

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!

money saving challenge

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!

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44 Comments

About Powered by Mom

I’m Michelle aka Powered by Mom. I’m married with one daughter, my hubby was my high school sweetheart, our two dogs Nyx and Cleo and our cat Oliver. As you can see we’re a family of animal lovers. We love to travel when we can, try different food and activities all over the world and enjoy being together. My passions are writing, travelling, creating new recipes, encouraging people to adopt not shop and just to enjoy life while we can.

As an animal lover I also volunteer with a rescue organization called Three Little Pitties All Breed Rescue. I'm part of the cat program Three Little Kitties Saving Kitties which tries to save as many cats as possible in Houston, Texas which has a huge overpopulation fo cats and they euthanize far too many cats (and dogs) we want to change that. Please check out their Facebook page and consider donating https://www.facebook.com/ThreeLittlePittiesRescueSavingKitties

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Comments

  1. Kimberly alumbaugh says

    January 2, 2017 at 10:57 AM

    This works so good, have done it 2 years in a row and it makes it so easy to have Christmas and December birthdays!!

    Reply
  2. Anne says

    January 1, 2017 at 3:35 PM

    What 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.

    Reply
  3. Blessed Assurance says

    January 1, 2017 at 3:09 PM

    Yes I am ready

    Reply
  4. Sophia,M.,McConnery says

    January 1, 2017 at 2:01 PM

    Sorry no pennies even to spare here!All my income goes to rent and utilities!

    Reply
  5. Stephanie M says

    January 14, 2014 at 6:30 PM

    at the local credit union they gave us this idea i love the end result but im just not sure i have the will power!

    Reply
  6. Susan says

    January 9, 2014 at 9:36 AM

    I;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!

    Reply
  7. Kris DeVoss says

    January 8, 2014 at 8:53 PM

    I have been looking for this …I am so glad I found it here …I am so doing this …Thank you!!

    Reply
  8. Maggie says

    January 8, 2014 at 8:30 PM

    Sounds awesome! I’ll give it a try too!

    Reply
  9. Suzanne Stevens says

    January 8, 2014 at 7:40 PM

    I love this money-saving challenge! I am do doing it!

    Reply
  10. Richard Hicks says

    January 8, 2014 at 5:23 PM

    Nice and easy way to save up for xmas shopping in December!

    Reply
  11. Deborah Caudill says

    January 8, 2014 at 2:34 PM

    Saving 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.

    Reply
  12. Sandra Brower says

    January 8, 2014 at 1:31 PM

    This sounds great. Will have to try!

    Reply
  13. Stephanie F. says

    January 8, 2014 at 1:21 PM

    I’ll join you. Will share with my husband so he can help keep me on track. Thanks for the inspiration!

    Reply
  14. Melissa sumeriski says

    January 8, 2014 at 12:18 PM

    Me and hubby might just might give it a go

    Reply
  15. Lisa R says

    January 8, 2014 at 8:07 AM

    pretty fun way to save or reverse it so it gets easier, lol

    sibabe64 at ptd dot net

    Reply
  16. Elaine Sumner says

    January 8, 2014 at 5:47 AM

    Saving money is a good habit!

    Reply
  17. Gretchen Duplisea says

    January 8, 2014 at 12:37 AM

    this is a great idea

    Reply
    • Powered by Mom says

      January 8, 2014 at 6:48 AM

      glad you liked it 🙂

      Reply
  18. Patricia Legg says

    January 7, 2014 at 10:26 PM

    This is a good idea, but unfortunately the way finances are here, would be robbing Peter to pay Paul.

    Reply
    • Powered by Mom says

      January 8, 2014 at 6:49 AM

      sorry 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

      Reply
  19. Heather DeCosta says

    January 6, 2014 at 8:47 PM

    I am really going to try and do this!

    Reply
    • Powered by Mom says

      January 6, 2014 at 9:12 PM

      yay Heather good luck!

      Reply
  20. keyosha holmes says

    January 6, 2014 at 8:04 PM

    I have been seeing this and I really want to do this challenge!

    Reply
  21. Joyce Raymond says

    January 6, 2014 at 8:01 PM

    This is very appealing to me. I would like to try it. I know that I could do it for awhile, at least.

    Reply
  22. Yvonne G says

    January 6, 2014 at 7:20 PM

    Even 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 !!!

    Reply
    • Powered by Mom says

      January 6, 2014 at 8:11 PM

      You are very welcome Yvonne and good luck!

      Reply
  23. Tasha says

    January 6, 2014 at 6:30 PM

    I can do this!!

    Reply
  24. carol m says

    January 6, 2014 at 5:56 PM

    I printed it and hung it up so we can do it thanks for the great idea

    Reply
    • Powered by Mom says

      January 6, 2014 at 8:12 PM

      you are so welcome Carol!

      Reply
  25. Jessica Rinker says

    January 6, 2014 at 11:11 AM

    Im going to do it!

    Reply
    • Powered by Mom says

      January 6, 2014 at 4:41 PM

      yay Jessica!

      Reply
  26. Valerie Guerrero says

    January 6, 2014 at 8:59 AM

    THNKS GOIN 2 TRY IT

    Reply
    • Powered by Mom says

      January 6, 2014 at 4:40 PM

      woohoo Valerie can’t wait to see how we all do 🙂

      Reply
  27. linda w. says

    January 6, 2014 at 5:15 AM

    I 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!

    Reply
  28. Celebrate Woman says

    January 5, 2014 at 9:15 PM

    Love this idea and implementation, Michelle. Let’s do it!

    Reply
  29. Adrienne Sydnor says

    January 5, 2014 at 8:39 PM

    This 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)

    Reply
  30. shanna says

    January 5, 2014 at 8:21 PM

    It sounds like a great way to get started saving money! I’m thinking of joining along!

    Reply
  31. Donna K says

    January 5, 2014 at 8:15 PM

    It sounds like a good way to save money.

    Reply
  32. Debi H. says

    January 5, 2014 at 6:26 PM

    This 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.

    Reply
  33. judy mitchell says

    January 5, 2014 at 5:24 PM

    we 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.

    Reply
  34. Gale McCarron says

    January 5, 2014 at 4:24 PM

    I 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!

    Reply
  35. Ashley F says

    January 5, 2014 at 4:11 PM

    I’ve seen this a few places, such a great idea. I really should try doing it!

    Reply
  36. EJ (Jane) says

    January 5, 2014 at 2:40 PM

    I started on the first, I can do this!

    Reply
  37. Cynthia Cover says

    January 5, 2014 at 1:55 PM

    I 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!

    Reply

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