Saving money through the year can be difficult, but this 52-week savings challenge will help! Use this free chart and save $2022 by year’s end!
52-Week Money Challenge
With 2022 upon us, it is time to say goodbye to 2021 (thank goodness) and move on to a brand new year. The first week will feel the same as last week, but maybe with a fun activity, you can start the next year with a bit of a different attitude.
At this time of year, the holiday shopping is done, the food preparations are over, cleaning the house can take a break, and there may not be much money in the bank account. That said, it is time for a bit of a rest. You can pick up major responsibilities next week.
Money Savings Challenges
Not everyone can have a side hustle to bring in extra cash, but committing to a weekly money saving challenge can fill the same role. It is a great way to set aside a small amount of money over the course of a year so that you have extra cash at the end.
A 52-week challenge is an easy way to spread out your financial goals. You don’t have to worry about saving $2,000 this month if you know that you are committing to a set dollar amount each week. And the good news is that although you have a specific amount to put away each week, that is your minimum. If you have a little extra money, you can add a little bit more!
Free Printable Chart
I have a New Year’s savings challenge for you to get the year started on the right foot. It can be very difficult to save money without a plan, so let this money savings chart be your guide.
If you put away approximately $38.89 each week, you will end up meeting a savings goal of $2022 by the end of the year. You can use that money as an emergency fund or towards a vacation, holiday gifts, a new car – anything!
Weekly Savings Challenge Printable
Here is how it works – print out this weekly savings chart and keep it on your fridge or in a safe place. Each week, put away about $38.89 or more. (If you can round this to $39 or $40, try to do it. Even on a tight budget, another dollar or two each week of the year will add up.)
Record what you actually saved on the printable worksheet and total it for the first half of the year and then the second. In the end, you’ll have a grand total of $2022 or more.
If you can put this money in a savings account, you’ll earn a few additional cents in interest, although a checking account or credit union account may provide this as well at some locations. At the end of the year, you’ll have at least $2022 without having had to stress out about saving larger numbers.
If you find that your budget doesn’t lend itself to saving $39 per week, save $5 each week if you can. That will still have you saving $260 over the course of the year, which could take care of your holiday gifts and decorations. Do what you can do for your financial situation (and if it’s zero, it’s zero – don’t stress yourself!), but it is always easiest to start earlier rather than later. This is a fun way towards a little financial freedom. Happy new year and good luck!