I'm not sure who originally thought up this clever little savings scheme but I first saw it a year ago on my sisters fridge.
The 52 Week Savings Challenge is a cumulative saving plan where by, starting with just $1, you increase the amount you save by $1 each week thereafter, so week 1 = $1, week 2 = $2, week 3 = $3 and so on until week 52 where, if you've stuck with it, you will have saved cumulative total of $1378.00. The idea is that most people won't notice $1 extra each week. Sounds pretty simple huh!
I initially put off sharing this until October which is when I planned on starting the challenge. I thought October was a good time to start as I didn't want the "40" weeks falling around Christmas time. By starting in October the most you would be saving in the lead up to Christmas would be a maximum of $12.00 on week 12.
However, I'm thinking about starting in the New Year as one of my New Year
Either way, there are a few things that I would love to save for to surprise Jamie and the girls. Our front entry way is made from original, 1970's yellow glass (it's uuuuuugly!) so I would love to surprise Jamie by getting it replaced. Or we are planning on taking the girls to Disneyland before Maisie starts school so I would love to surprise the family by paying for the theme park tickets.
Whether your planning on starting at week 1 or week 52, I made this 52 Week Savings Challenge printable to help keep you on track. Simply click the link below the picture to download it for free. If you're a list keeper like me, you might find crossing off each week a teeny bit satisfying. Or you might like to keep it in plain view on the fridge on inside the pantry door to help keep you motivated.
There is also a free app to help you keep on track if you are more technologically inclined.
Plus there is a Facebook Support Group which reminds you in your newsfeed each week to keep up the savings.
So what do you think? Is anyone willing to give it a go?