Save $2023 In 2023 (With Free Savings Challenge Printable)

Saving extra money can be a headache, but that is where this 52-week savings challenge comes in. Following this free printable savings tracker is an easy way to put away $2023 by the end of the year!

52-Week Money Challenge For 2023

As we reach the end of another very long year, it is time to say goodbye to 2022 and start planning for 2023. For the most part today, our menus are planned, our gifts have been purchased, and our credit cards are at their peaks. 

A lot of people have had a hard time the last few years – between finances, health care, and other major stresses – so it’s not surprising that many of us are looking forward to the first week of January. 

That said, as we go into the new year, let’s let the trivial things go and focus on the biggest things once again. And right now, let’s focus on our financial goals with a fun first challenge. 

Money Savings Challenges Work

While most of us aren’t in the best financial situation at the beginning of the year, it doesn’t have to stay that way for very long. Money-savings challenges can be a great way to get yourself out of a slump and on your way to an end goal that you choose. 

Whether you want to have an emergency fund, money for future Christmas gifts, a new car, or extra cash for a family vacation, one of the easiest ways to put money aside is when you are following a savings chart. 

The idea is that by stashing away a set dollar amount and accumulating weekly savings over an entire year, you’ll have a lot of money saved without having to think too much about it. 

Free Printable Chart

Here is my New Year’s challenge for you. With this savings plan, by putting away approximately $38.91 each week, you will have a total savings of $2023 by the end of this challenge – which is a good chunk of money. 

That means that by the end of the challenge, even if you are on a tight budget, you will have developed a savings habit that has put you in a much better position than you would have been.

Don’t call it a New Year’s resolution, call it a simple way to develop a new habit that will help you with future financial goals. 

Where To Keep The Money

There are different ways that different people prefer to save their money. Whether you want to open a savings account or checking account just for this purpose or you prefer to stash the cash away under your mattress or in a piggy bank, do what works for you. 

That said, I highly recommend having a separate place to deposit money for this 52-week challenge. If you already have cash envelopes for savings, you will be inclined to take the money out as you want it. If you save everything in the bank account you use for everything else, you won’t be able to keep track. 

You want to be able to see the amount of money that you are contributing each week, so the best way to watch your small steps turn into something larger will include something completely separate. 

Weekly Savings Challenge Printable

Here is how this works – print out this savings challenge printable worksheet and put it on the refrigerator or in a safe place. Each week, save $39.91 or more. If you can save higher amounts or round up, do it. Even an extra dollar or two per week will add up over the time frame of an entire year. 

And consider having automatic transfers from one account at your financial institution into the new account. This allows you to forget about the direct deposit until the last week of the year when all you see is that larger amount. If this new account is a high-yield savings account, that’s even better. 

Enter the weekly deposits on the money savings worksheet. If you can’t save as much this week, try to make up the difference next week. It is okay to save different amounts, just keep track on the form. 

If $39.91 is too much for you and you can only save small amounts of money, put in that effort. Because even $5 per week will have you finishing the year with a total amount of $260. That is enough for unexpected expenses or an amazing holiday meal from the grocery store plus gifts. 

It may not feel like much money is being saved each week, but that is the point. You don’t need to have a side hustle to feel like you’ve found some easy money. The important thing is to set a savings goal and follow through each week. It’s a fun way to make things easier for the whole family. Good luck!