Saving Money

52 Week Money Saving Challenge + Free Printable Chart

It’s always fun discovering a new money saving challenge that’s simple and easy to apply, no matter what your lifestyle looks like. I recently read about the 52 week money saving challenge and thought I’d share my own, more achievable twist on this with you.

What is the 52 week money saving challenge?

The 52 week money saving challenge is a savings project that encourages and motivates you to save money each week. Instead of transferring money to your savings account at the end of the month, or saving haphazardly when you remember, it should create some healthy financial habits of being mindful about money each week.

While you don’t have to, I recommend using a printable chart to track your progress each week. I’ve included a free download at the end of this post.

What should my savings goal be?

I usually find it easier to work backwards, based on how much I think I can save per week. If I can comfortably save £10 a week, I might set myself a slightly stretched goal of £750 over the 52 week project. If you can scale up your savings to £50 a week, you might set a stretch goal of £3,000. This gives you room to challenge yourself a little, while still feeling achievable.

If you have a treat or investment in mind, research how much this costs and keep it in mind as you progress through the savings challenge. If it’s affordable, set this amount as your savings goal over the lifetime of the project. If it’s out of reach for the 52 week money saving challenge, see if another method like my free savings tracker would be a better way to motivate you to reach your savings goal.

How much should I save each week?

There are different takes on this challenge. Some suggest you should save a set amount each week, and with others this increases throughout the year.

The traditional 52 week money saving challenge suggests you save the same amount as the week number. For example, on week 36 this means you’d put away £36 into your savings account. Over the lifetime of the challenge this would build to savings of £1,378.

The traditional challenge works great for some people as you don’t have to think about things too much, but for others it can feel unachievable. It’s especially tricky if your highest saving weeks coincide with a major holiday like Christmas, for example.

To keep things simple, I suggest using a blank template and setting your own savings goal – rather than using a premade goal. This means you can tailor the challenge to your own financial situation and make it realistic.

I’m always a big fan of setting yourself a goal but making it achievable. You might want to start by saving £5 a week, or whatever figure you can manage comfortably. While it’s great to have savings, don’t put too much pressure on yourself if it’s a difficult week or your income is lower than usual.

As you adjust your spending habits or start to bring in more income through a side hustle, you can increase the weekly amount to a bigger sum like £10, £50 or even £100. You could also leave it really flexible and set yourself a weekly savings target, with anything above this considered a bonus!

Where should I save this money?

When you’re building savings it often helps to keep this money separate from your everyday account. That way you can keep track of your savings more effectively and you’ll be less tempted to spend them on regular purchases.

If you already have a savings account, you could transfer your 52 week money saving challenge funds into this. You can then get started with the challenge right away, without having to wait to open a new account. The downside of this is that your challenge savings will be muddled in with your other savings, so it’s harder to see your progress.

I find that keeping a separate space for my savings challenges gives me extra motivation to stick to them. It’s great seeing the funds build up, even if it’s only a £5 here and there. An easy way to create separate spaces or pots is to use a digital bank like Starling Bank, where you can create ‘spaces’ for your funds. I’ve found this handy not only for personal savings but for keeping my business funds organised too.

You might even find that your bank account will let you set up an automatic transfer to your savings account. While this would be fiddly to manage if you’re following the traditional 52 week money saving challenge, if you’re saving a set amount each week this is a great way to automate the process.

Free 52 week money saving challenge printable

I’ve kept this printable really simple and fuss-free, so it’s easy for everyone to use. A lot of the printables I found for the 52 week money saving challenge featured all 52 weeks on one page, but I found this harder to work with. This version has 26 weeks per page, which gives you more space to write.

There’s a printable PDF file in the download along with a .docx version that you can personalise in Word or Google Docs. This means you can change colours, personalise your table wording and even add a motivational quote or your savings goal to the printable.

To download the free money saving challenge printable, add your email address in the box below and you’ll receive the file via email. By doing this you’ll also be signed up to our free community and be on the list to receive our email newsletter when it launches.

Save this money saving challenge to Pinterest

Free printable 52 week money savings challenge download

Other money saving challenges to explore

If you’re looking for another money saving challenge to try, why not have a go at a no spend challenge? This is where you set yourself a time period (e.g. a day, week or month) in which you won’t spend any money on non-essentials. It’s a great way to kickstart positive money habits or give yourself a boost towards a savings goal.

You could also look at one area of your spending to tackle first, before you move onto other areas. If you want to cut down on your food shopping bill, try a monthly grocery challenge to help you save money.


  • Mandy Doherty
    9 June 2020 at 10:19 am

    Found this really helpful and something I need to work harder at saving!!

    • nicola
      14 June 2020 at 11:44 am

      So glad it’s been useful Mandy! 🙂

  • claire
    10 June 2020 at 12:46 pm

    I am loving these tips!!! Definately would help me to save!

    • nicola
      14 June 2020 at 11:47 am

      Yes – I think it becomes a regular habit, which is great!

  • Nadia Josephine
    11 June 2020 at 11:33 am

    I have done this before and it is brilliant! I found it easier to set up a standing order from my bank but its a great way to make little savings every week and by the end of the year you have a nice little pot! I like to do this to save for Christmas

    • nicola
      14 June 2020 at 11:48 am

      Saving for Christmas this way is such a great idea!


Leave a Reply