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My 52 Week Savings Plan

The 52 Week Savings Plan

As many of you might have seen, there is a 52 Week Savings Plan Challenge going on around the web with a chart like this one below.

52 Week Savings Plan

Click here to see my updated 52 Week Savings Plan Chart. With error on line 49 corrected.

How it works: Each week of the year, you set aside the amount equal to the week #. Example: Week 1 you set aside a ($1), week 2 ($2), week 3 ($3) and so on. By the end of the year if you follow the chart above you will have $1,378.00. Wow! What an easy and fun way to save money. 

I would like to add a suggestion to this plan. On weeks you have extra money in your budget, set aside more than what is required throughout the year and you will save even more. 

I am taking this challenge and have already started my 52 Week Savings Plan. I also showed it to my 12-year-old son and he has taken the challenge too. His goal is to save for a car before he turns 16 and my savings will be used for Christmas shopping.

I’m not sure who to source with this idea, so feel free to let me know if you have any idea where it originated.

Will you take the 52 Week Savings Plan Challenge?

Permanent link to this article: http://www.resourcefulblogger.com/52-week-savings-plan/


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  1. Vickie

    I think that this is a great idea! However, let’s be realistic, it will depend on the income! Just make a goal of saving money ~ that is the ultimate goal! Don’t make it so much about doubling, but about being consistent in the saving. These days who doesn’t want to save a little! Have a blessed day!
    Love and prayers,

  2. Liz

    For younger children, why not start with a dime a week or a quarter. The end results would be proportionate and they would still see the power of savings!

  3. Mickey Wilson

    I am starting this. I printed out the chart, but am doing it a little different. I am going from the last week to the first week, to the next to last week, to the second week. This way one week is heavy and one week is light. I am also putting a little more than the minum in the lighter weeks. To keep track of the weeks I am highlighting the week as soon as it is done.

    1. Kim

      Love this idea!~

  4. Elizabeth Ann Bennett

    how would this work if you are on a fixed paid monthly income?

    1. Kim

      Just figure out what you can tuck away each week and save that amount. Good luck with your savings!

  5. Jessica Alopaeus

    I love the idea but I have a suggestion. I would jump back and forth from week 1 to 52, 2 to 51 and so on because those last few months are very expensive if you don’t :)

  6. Jodi

    My husband and I are doing this to save up for our 10 year anniversary, which is 2 1/2 years away. I’m making a slight change though. We don’t usually carry cash around so I figured out how much would be for a whole month and then transfer it into a savings account after we get paid.

  7. verjo

    this will only work for people who have a more than average income , who can afford to put the later months away , and thats not the majority , so not a realistic plan for most. sounds fun and interesting to do.

    1. Kim

      Yes it will depend on your budget. Someone could put away $26.50 a week and come up with the same amount at the end of the year. Or they could set another end of the year goal.

  8. Katie

    The mistake is in line 49– it should read 1225. Its just a typo- the final amount is correct

  9. Cindy Mueller

    I am going to do this for sure. For my husband and I both…double or nothing..

  10. Brenda Johnson

    I think this is a great idea to save for Christmas next year. I save a regular amount each pay period but if you can save a little bit more it always helps, It’s a challage if nothing else to see if you can do it for a full year.

  11. Gina Lukas

    I am so excited to do this. I have 8 friends along for the challenge!

  12. Heather

    I don’t think this is a good idea at all and it just sets you up for failure. Especially if you are encouraging kids to take part. Do you realize that in month 12 you will have to put $202 away? How many kids can actually be expected to come up with $202 in one month? And depending on what day of the week you choose (Sat or Sun), November could be $230 dollars!

    I think this plan only seems clever because we see that $1 starting amount and think… “Oh how easy”. I think it is far more realistic to put $26.50 away every week (to get to $1,378 in 52 weeks). Make it an automatic deduction or transfer and forget about it. You won’t miss it, you won’t think about it.

    Those of you planning on going backwards might have a shot at least. Good luck to you all! Please come back and prove me wrong!

    PS The idea of saving small amounts weekly to kickstart your savings is a good idea. But if you get bogged down at some point, just stop increasing the amount for awhile (put the chart away, but don’t give up altogether). Work your way up to $25 a week (or whatever) and stay there awhile. Next time you get a raise, or cut something else out of your budget, bump it up again. Don’t let some silly chart discourage you!

    1. Kim

      I think it all depends on an individuals budget. As you know everyone’s income is different so I think you just have to assess whether this is a savings plan that will work for that you. Good luck with whatever savings plan you choose.

    2. Lisa

      start backwards like I am going to do so that it gets easier as it gets closer to Christmas time.

    3. Randy

      I believe the last deposit of the year according to the chart is $52. That is the largest deposit. Like the start backwards idea, also maybe use the first year as an emergency fund of $1000 as Dave Ramsey recommends.

      1. Caitlin Roche

        That is 52$ for one week. $202 for the month.

    4. Tiffany

      This is awesome. I think for kids they may not put as much but if they put something that would still be great!

    5. Bridget

      It is understandable; even as a recent graduate with a salary it would extremely difficult to have an extra $200/month (I just have $25/month automatically taken from my checking into my savings), but–big picture–you already have over $1,000 saved. That’s impressive on its own. So putting away whatever you can at that point gets you a similar number that hurts less. It’s a solid plan, in my opinion.

  13. Mary

    It’s a great idea. I would suggest putting in the same set amount of money each time you are paid. If you’re paid biweekly, add in the extra amount, if any, from your third check in a month.

  14. robert gardner

    great idea ! We will use the money to adopt 2 military families at Christmas. Hopefully make there holidays a littlie brighter . If your interested in doing something like this , check with your state National Guard or local armory.

  15. quincy

    Nice I think I will try it myself but will try with 200 per wk.

  16. lisa

    I absolutely love this idea. Sine I have an extra pay in January I might start in reverse and put in more when I can. Going to get my daughter to take the challenge since she was amazed that a piggy bank I bought for her (lol) I filled with loose change at the end of each week and cashed in for $130.00. Mind you dipping in for car washes and such. Would be nice at the end of the year to get some interest but savings accounts don’t offer much. Any suggestions?

    1. Kim

      If you’re interested in earning interest on your money I would suggest speaking with a financial advisor. I myself have a regular savings account but there are many options and ways to invest. Your bank should be able to help advice you.

  17. robin travis

    This sounds easy enough to do so I will try it!

  18. Michelle

    I think if you start with $52.00 and go backwards, it would be easier during the fall and winter holiday!

    1. Carmenita Anderson

      I thnk that working backwards from $52 is good as starting with $1. It will depend on the person.

  19. Aimee

    Just suggestion….. If you make the first week of November or even October be your week #1 then you would have the money saved just in time for Christmas and not have the “heavy” weeks in December.

    1. Kim

      Great idea!

  20. Loretta

    When I was 12 I was paying $500.00 a month in “rent” to help support my family :) I made a ton of money baby sitting and making and selling crafts. I wish someone had taught me about saving and compounded interest because now, at 45 I would be a millionaire! :) I’m definitely taking this challenge! Thanks for sharing Kim!

    1. Kim

      Your welcome! I would also like to encourage you and anyone else reading this to follow your dreams. This website has been a dream of mine for years but only finally took the first steps into making it a reality a couple of years ago. At first it was very very slow. No traffic at all then things began to pick up. And because of my dream I am able to work from home. It’s tight at times, but living a frugal life has helped me in making my dreams come true!

  21. Nicole

    I like this plan but I’m doing it in reverse because I have more to save at the beginning of the year than the end. :) this will also be my Christmas money for next year.

  22. Laura

    What 12 year old has $30/$40/$50 a week to put into savings…or anything else for that matter!! My 12 year old sure doesn’t…she might do okay the first few weeks but she sure wouldn’t make it through the year!!!! Wow!!

    1. Kim

      I guess I should update my blog post since my son just turned 13. He works part-time every week and makes more than enough to set aside money each week in a savings plan. He has learned to save his money because I have taught him to be frugal and save for a rainy day.

      1. Kim

        Thanks for stopping by and checking out my 52 Week Savings Plan!

    2. Kiel Wamlsey

      Its great thought and learning exercise. Develop a similar savings plan that is realistic for your 12 year old. What about allowances and chores? What about mowing lawns, shoveling snow or lemonade stands? When I was 10 I had a paper route and this savings plan was more than reasonable. Wow, right?

    3. ginny

      what about 12 yr olds trying to save 1/2 each month?

  23. Ernestine Cherry

    Love it…

  24. Travis

    idk about all you but i plan to save more then $1,378 in a year.

  25. Adam

    This plan is too heavy on the back-end for a lot of beginning savers. During the weeks of Thanksgiving thru Christmas they would be putting the most money away, but that’s when people are most likely to use it on unexpected things and blow thru it. A lot of new savers would be better off to put away $52 first, then $1, then $51, then $2, then $50 and so on. That way, they won’t be hit with huge back-to-back weeks as the year goes on. And in lighter weeks, beginning savers will hopefully begin to realize they will need to put some in reserve that week so the following week’s savings isn’t such a big hit. That’s the behavior that needs to be learned and reinforced and staggering like that does it better than in slow increments. But any savings is better than none, no matter how you do it! This is merely a suggested improvement to an already good idea!!

  26. Jodi

    Great idea, I see the corrected total to be 1225.00
    Isn’t that interesting Christmas is 12/25 – for those of you thinking about saving for Christmas….I think there is a message there….the money saved is a gift you give away.

  27. Barbara

    I think I will try this and see how it goes. . Sounds like fun

  28. Angie Meadows

    This is an awesome idea….I will b trying this. I’m also thinking backwards would b better especially like someone said. Got a little Christmas money now. N would would love for my son to hr interested in doing this to. We will c

  29. lisa

    I think Im going to do this only backwards. Ill start at 52 dollars and work my way down. That way Im putting in the least amount in Nov ( all my family birthdays) and Dec ( holidays).

  30. Julie

    This sounds interesting enough to give it a try, I already save all my loose change form the day, the thing that’s interesting about this is to see if I can do it without having to dip in to the savings for an emergency.

  31. BobA

    If you can afford $50 a week in Dec why not just put $50 a week in the first place then you will have $2600 plus interest in the account at year end. But I can tell you the interest in the chart is WAY over estimated

  32. BobA

    If you can afford $50 a week in Dec why not just put $50 a week in the first place then you will have $2600 plus interest in the account at year end

  33. Betty Clark

    what’s a good way to remember to do this? on the different weeks?

  34. Betty Clark

    what’s a good way to remember to do this?

    1. Sue

      Try just printing this chart out and marking them off each week. Place it somewhere where you will see it all the time, maybe by a calendar.
      Sue recently posted..Baked Spaghetti Squash Casserole (gluten free, dairy free)My Profile

    2. Sharla

      set it up on your phone like an alarm every week

  35. Carrie Holt

    Gonna start this week.

  36. kelly

    *correction – $10 + a week, not day. Same question though.

    1. Kim

      I just saw your correction. LOL! He works of course! He has a part-time job.

  37. kelly

    Where does a 12 year old get $10+ a day to save? Or did I misunderstand that?

    1. Kim

      My son has a part-time job working. He makes more than enough to save the money thank goodness. Plus he gets paid to help with my website. By the way it’s by the week. Week 1 $1, Week 2 $2 and so forth.

  38. Beverly

    I will do the challenge! With the money I’ll be able to take another trip.

  39. Jen

    May I suggest doing this backwards. Start at week 52 and work your way back to 1. If you start this at the new year your more app to have more money after Christmas then right before.

    1. Patrick

      Yes Jen, an even better idea!

  40. Victoria

    I am going to take the challenge. It would be nice to have money saved in advance to buy Christmas gifts with.

  41. Krista

    I think dividing 1378.00 by 52 weeks and saving that amt a week is a good idea also!

  42. Broderick

    Anything to promote savings is a great idea. Please note there is a math error in the chart on week 50. 1125.00 + 50.00 = 1175.00 not 1275.00, so the total is off by $100.00

    1. Kim

      Thanks for pointing that out.

      1. Alice

        The error is on 49. 50 is right.

      2. Stephanie

        The total is actually $1,378.00 if you add it up week by week.

        1. Kim

          Someone else pointed out an error in chart. I am working on putting together a new chart to verify amounts. Thanks!

    2. Elliott

      if you look closer and do the math it should have been 1,225. the math was wrong from week 48-49.

      1. Kim

        Many people are pointing that out. Am working on a new chart. Thanks!

    3. Katie

      The math is correct. Just a typo from week 48 to week 49

    4. Randy

      Actually the total is correct . The mistake is on week 49 it should have read $1225 because week 48 was 1176 they just forgot to carry the one or mistyped or something.

  43. Janet Veloz

    This is a good idea for my 16 year old for her to save for a car…I will add for the same amount to double Her savings…combined with Her check, she should have Her own wheels soooon…:)

  44. Art Clark

    This is an amazing teaching tool for kids (and some adults I know too).

  45. kristi

    Love this idea…I am gonna try it but I am gonna go backwards with it, that way during the holidays I’m not having to put so much aside….so week 1 I’m gonna put $52 and by wk 52 I’ll only have to put a $1

    1. Adryenn Ashley

      What a brilliant idea! So much easier to put away more earlier in the year and less during the holidays!
      Adryenn Ashley recently posted..Entrepreneur to Change the Face of Fitness with “Immersive Entertainment.”My Profile

  46. jeana

    I like this idea. I was thinking that i may reverse this and start with week 52 and work my way down since it will be easier to pay less towards the end of the year when the holidays tend to bottom out our accounts. lol Not to mention the additional interest it would acquire.

  47. Tammy

    Here I go. Good luck to all

  48. Katrina

    This is a really great idea! I am going to talk this over with my husband see if combined we double the efforts and end up with twice the amount?!

    Thanks for sharing!
    Katrina recently posted..Silent Sunday (A.K.A. Pictures only)My Profile

  49. Maureen

    I am going to try this. I need to save money. I get paid once a month & I will set aside a set amount monthly

  50. MyKeida Ravenell

    I’m def going to do this in 2014! It will be a great way to end the year with a little extra cash on hand.

  51. Gerald

    The basis is from the Rule of 72 for simple compound interest. To make the best use and return then put the money into an interest bearing savings account or Christmas club account. Look up Rule of 72 on the internet to get a better understanding of how it works. Unfortunately interest rates today are pretty low, but if you really want to apply this simple savings plan then you should do it and let the savings account add some money to your investment. It does work very nicely if you have the will power to stick to your plan.

    1. Johnny Wolfe

      I think you’re referring to the Rule of 78.

      1. Robert

        hello actually it is rule of 72 I looked it up rule of 78 refers to interest taken on a loan while rule of 72 refers to interest earned on a investment such as a savings account or cd thanks
        Robert recently posted..Our compensation planMy Profile

  52. Jed Vicary

    I’m Going to try it. Thanks!

  53. Susan

    We are starting this challenge for 2014.
    Helpful things:
    I have an Accountabilty Buddy. Printed the chart out, it’s on a large manila envelope.
    Opened a special savings acct at a different bank. My money will go in there. Some people do this with cash…I won’t. Too many things come up.
    I’m trying for $25 a week while things are stable. That way it’s close to the average I need to be on track.
    So far $60 in my acct. I feel good about that.
    Looking forward to having nice savings by 2014 yearend.
    Pay yourself first…no one else will.



  55. SHARON


  56. Peggy Guido

    This looks do able

  57. Chris

    Great tool!

  58. Kim

    So far we’re doing great with this plan, but I like your idea too! Saving money is always fun!!!
    Kim recently posted..When I took my son shopping somehow I ended up buying these!My Profile

  59. Kendra

    Thats a pretty cool plan. We have an automatic $100 transfer set up each month. And because its already spoken for in our budget, we rarely miss it. :)

    1. Mary P.

      Wouldn’t it be great to do this and give all or half or some percentage to a worthy charity? Mine is Mid Hudson Animal Aid. They are a no kill free range cat sanctuary who suffered a fire last September that killed eight of their cats. They still are working on reconstruction and reopening: http://www.facebook/MidHudsonAnimalAid or http://www.midhudsonanimalaid.org

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