Start the New Year off right by making a resolution to save more! We’ve compiled a bunch of fun and unique savings challenges to help you kick start your savings account for the New Year.
52-Week Savings Challenge
This savings challenge is the most popular challenge on our list. How it works is that you save $1 the first week of the year, $2 in the second week and $3 in the third week, and so on – until you save $52 in the last week of the challenge. By the end of the challenge you will have saved $1,378!
Another version of this challenge recommends saving $9.64 a week for $500 savings at the end of the challenge or even $100 a week for $5,000 savings at the end of the challenge!
365 Day Savings Challenge
This savings challenge is very similar to the 52-Week Savings Challenge, except you are saving money every single day! If you save $1 every day for a year, you will have saved $365 by the end of the year. If you save $5 every day for a year, you will have saved $1,825!
Weekly Weather Savings Challenge
This is a fun savings challenge created by blogger Melissa Berry. Each week determine the highest temperature of the week, then save an amount equal to that temperature! This savings challenge randomizes the amount that you will be saving each week and is perfect for those who have a hard time following a strict routine. You can also use different measurements to randomize your savings, such as the score of your favorite sports team instead of the weather!
12 Months of Saving Challenge
Try a different savings challenge every month! Financial Counselor Kumiko, who runs the popular blog “Budget Mom”, has 12 challenges to keep you saving in multiple different ways throughout the year. The challenges range from No Eating Out February to $2-A-Day June. To see the full list of savings challenges for your whole year, click here.