The 52 week savings challenge is a great way to get focused on savings in the new year! Find out how much you will save each week doing the challenge and get your free spreadsheet to track your savings below!
It is not too early to start thinking about your savings plan for the new year! I'm sure you've seen the 52-week savings challenge that has been floating around Pinterest. Unfortunately no one can find the original source of inspiration for the printable that outlines how you can save $1,378 by saving a little bit each week.
Well, I wanted to create something for you to help you in an attempt to save more this year. In doing so, my personal application with this challenge and spreadsheet nerdiness came out while I was thinking about it. Rather than just a straight printable (although I have that for you too), how about a spreadsheet that you can edit yourself in case you want to save more? That way you're in control! Sign up on the form below and get all the goodies in your inbox!
52 Week Challenge
If you want to follow the standard savings to the “T” you will see the two tabs outlining how much to save each week with the straight (starting at $1) or reverse (with your savings deposit starting at $52).
If you want to make it easy to do an auto-deposit into your savings account, the amount you need to add each week is $26.50 to ensure you have $1,378 at the end of the year.
I realize $1,378 is a lot to save in a year, I'm challenging you to save even more! You will see in the spreadsheet that there is a column for a Bonus Deposit. There are formulas in the Actual Balance column so it will add up whatever information you add/edit in the Deposit and Bonus Deposit columns. So, let the sky be the limit! Be sure to check out my ebook if you need some inspiration for how to save money!
You can open the 52 Week Savings Challenge spreadsheet in a google doc. Just click File – Download As – Excel File to save onto your personal hard drive and use in Excel. Or, click File – Make a Copy to save to your personal google drive. I use google docs for literally everything since it's always available wherever I go. The PDF version will also be emailed to you in case you want to print it off and hang on the fridge for motivation!
Let me know if you plan on doing this challenge this year! I will be by doing an auto-deposit to our savings account.