Save $1,378 with the 52 Week Money Saving Challenge

52 week money saving challenge

Let’s start off by saying I am a saving money type of person and by no means a financial expert.

Far from it in fact. As a mom of two young children, I know that saving my pennies add up. I plan to do much better at saving my money this year. I started participating in the 52 week money saving challenge in 2015 with a goal to save $1,378. Unfortunately, Cam was born prematurely. His birth threw off my savings regime and wiped out my savings account once the medical bills came rolling in. That is what savings accounts are for though: the unexpected moments

Last year was my year to bounce back and build up my savings again. And this year I am going to do it again. I am always trying to think ahead for the good and the unexpected times when it comes to money. I try to have a plan for what I will need/want to save for. The money that I save is different than the money that I allot for necessities. Groceries, bills, things that are necessary to live…you know what those items are in your life. We all have good things that we like to save for. Mine are holiday gifts, parties, special dinners, shopping trips, vacation, home upgrades, etc. And unfortunately, it is important to save for the unexpected times. Bummer moments like medical expenses/ER visits, broken appliances, vehicle issues, home repairs, etc.

Hopefully this year we can all have good luck, personally and financially. To help you with financial savings, I have created this infographic to explain this money saving challenge. Remember, I am not a financial expert, rather a money saving mommy and this is super easy to understand.

Start Saving

First, download and print your free 52 Week Challenge Savings Chart PDF. Then hang it somewhere that you always look. Mine is right beside the refrigerator. For every week of the year, deposit the specified amount of money into your savings account. At the end of the year you will have saved a total of $1,378! Personally, I created a separate savings account through my bank so that I could easily transfer money. And I did all of this virtually through my bank. I never have to leave home and can look and see that every Monday the money is deposited. Advanced scheduling is also key. I was able to schedule all of my deposits at one time since I was moving money to and from personal accounts. 

Mid-Year Check Up

As the weeks get further into the year, you will be depositing more money into your savings account. This allows your balance to grow faster. The beginning is pretty easy. Once you get into June, July and August, it can be a bit harder to stash away $30+ each week. Come November and December, it gets even harder to put all of that money aside, especially when holiday shopping is near. You can stop or adjust amounts according to your needs.

If you make it through each week this year, I suggest starting the next year backwards. When November and December roll around you are only depositing $10 or less each week. Plus, you might have some money from the holidays that could go toward the higher amounts.

The 52 week money saving challenge is not something I created. It is an easy way to start or continue to grow your savings account. And there are no rules that say you can’t deposit more money than the chart states. If you have the extra funds to deposit into your savings, by all means, grow that account!

Have you participated in the 52 week money saving challenge before? Did you make it to the end? What other ways do you save money? I’d love to hear your tips!

52 week money saving challenge

The Choosy Mommy came to life as I began writing for the Choosy Kids ( blog from the mom perspective. We also have bloggers who are teachers, nutritionist, pediatricians, dental experts, etc. and I share my two cents on food choices, physical activity, and daily health routines plus so much more! I have a ton to share but didn’t want to take over the Choosy Kids blog so I decided it was best to grow The Choosy Mommy brand.

8 thoughts on “Save $1,378 with the 52 Week Money Saving Challenge

  1. Rachel

    Hi Christine – first off, great article!

    “Have you participated in the 52 week money saving challenge before? Did you make it to the end? What other ways do you save money? I’d love to hear your tips!”

    I’ve participated in the 52-week money challenge two years now (2015 and 2016). In 2015 I did not finish because I lost motivation around half way through the challenge. In 2016 I knew I had to find a support group to keep me motivated through the entire year so I joined a FB group dedicated to the 52-week money challenge and that totally helped me push through until the end!

    This year I found a website community dedicated to the money challenge ( so I am going to give that a try in addition to the FB group I am a member of.

    I guess I’m trying to say that my tip is to find a support group to keep you motivated and accountable to help you push through a whole year of savings!

    • Christine - The Choosy Mommy

      That is an awesome idea! Thanks for sharing.

  2. This is an awesome way to start making saving a priority. We also have direct deposits scheduled to go into our savings accounts. It feels good when you see your balance at the end of the year.

    • Christine - The Choosy Mommy

      It feels REALLY good! You are so right. I just like knowing I have that money to fall back on should something happen.

  3. Kate

    Love this – any framework that helps create awareness around saving and the importance of not living beyond your means is awesome in my books!

    • Christine - The Choosy Mommy

      Thank you so much! I am all about trying to save every penny that we have. That obviously doesn’t mean I don’t make purchases, but I def. take ever purchase into consideration.

  4. I love how you’ve thought all of this out. I may try the 52-week money saving challenge once all the baby stuff is purchased. This is very well done.

    • Christine - The Choosy Mommy

      Thank you! And yes, you totally should do it. I also set up money saving things for the kids too so a certain amount goes into a separate bank account for them each month. Maybe I’ll blog about that next!

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