52 Weeks Savings Challenge: A Guide To Saving What You Can (2024)

Estimated reading time: 5 minutes

The 52 Weeks Savings Challenge can help you save money – even what you can! Canadian Budget Binder shows you how.

CBB friends, I always like to start the new year with a challenge because this is when we are motivated.

Often, it’s also a time of despair for people who are in debt or spend too much over the holidays.

Besides setting up a budgeting system, I feel a 52 Weeks Savings Challenge will help create a habit.

How Does The 52 Weeks Savings Challenge Work?

The good news is the 52 Weeks Savings Plan can be as aggressive or as little as you’d like.

There are no set rules for a savings plan of this magnitude because you are in charge.

The key is to be consistent and authentic to yourself without dipping into the money because once it’s dropped, it’s locked in for the year.

Get a glass jar with a lid to see your savings through.
Print out the 52 Weeks Savings Challenge Form Here.
Fill out the form by writing your Savings Goal. Add something here, even an estimate.
Add $1, $2, $5, or $10 to the jar each week and pencil it in on the chart. Each column has 50 circles, so you can decide how and when to save.
If you fill in an entire section with $1, and that’s all you can afford, pencil in the amount under one of the other columns so you can keep track of what you deposit in your jar.
Another idea is to color code each dollar amount with pencil crayons. This could make it easier to add the final numbers at the end of the year. Keep a color chart in the Notes section for reference.
At the end of 2024, whoever joins me will add everything and see how much was saved.
We can also discuss what you will do with your new savings stash at that time.

This is a great question; the answer depends on how much money you can save.

There are two other optional savings plan ideas for this challenge using one denomination.

The list is endless whenever I do one of these savings challenges and get asked what we are saving for.

No matter who you are, we all have to pay for something, and savings will come in handy.

Below are some examples of what you could put your 52 weeks savings challenge money towards.

You get the idea; whatever you choose is personal as it’s your money. Just make it count.

I hope to see some of you comment below that you will support this 52 weeks savings challenge with me.

Contact me via email or comment below if you’re in!

For those who complete it and report to me monthly via email for the year, your name will go in a draw for a gift card in December 2024.

Mr. CBB

Discussion: Why would you want to participate in my 52 Weeks Savings Challenge?

Please leave me your comments below.