Save $2024 In 2024 (With Free Savings Challenge Printable) (2024)

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 $2024 by the end of the year!

Save $2024 In 2024 (With Free Savings Challenge Printable) (1)

52-Week Money Challenge For 2024

As we reach the end of another very long year, it is time to say goodbye to 2023 and start planning for 2024. 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 $38.92 each week, you will have a total savings of $2024 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 2024 savings challenge printable worksheet and put it on the refrigerator or in a safe place. Each week, save $39.92 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 $39.92 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!

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Save $2024 In 2024 (With Free Savings Challenge Printable) (2024)

FAQs

How to save $5000 in 3 months with 100 envelopes? ›

The 100-envelope challenge is pretty straightforward: You take 100 envelopes, number each of them and then save the corresponding dollar amount in each envelope. For instance, you put $1 in “Envelope 1,” $2 in “Envelope 2,” and so on. By the end of 100 days, you'll have saved $5,050.

What is the 52 week rule? ›

There are no complicated rules to remember. Week 1, you save $1.00. Week 2 you save $2.00, and it continues through the year, adding one more dollar to each week's savings goal. By Week 52, you'll set aside $52.00, which will bring the year's total savings to $1,378!

How much is $1 a week for a year? ›

All you do is start with $1 in Week One. Then every week after that you add $1 to the amount you're saving for the week. That's it! If you do this, you'll have a cool $1,378 extra in one year's time!

How much can you save with the 52 week challenge? ›

You'll end the challenge with over $1,300 saved If you successfully complete the 52-week money challenge, you'll have $1,378 set aside. You may have that earmarked for a specific financial goal —or you may choose to put it in a high-yield savings account as the start of emergency savings, if you don't already have one.

How to save $1,000 in 30 days? ›

11 Easy Ways to Save $1,000 in 30 Days
  1. Create a Budget. ...
  2. Automate Your Savings. ...
  3. Create a Savings Bingo Sheet. ...
  4. Negotiate Your Bills. ...
  5. Separate Wants From Needs. ...
  6. Plan Your Meals. ...
  7. Buy Generic Brands. ...
  8. Cancel Unnecessary Subscriptions.
Sep 26, 2023

How to save $10,000 in 6 months? ›

How I Saved $10,000 in Six Months
  1. Set goals & practice visualization. ...
  2. Have an abundance mindset. ...
  3. Stop lying to yourself & making excuses. ...
  4. Cut out the excess. ...
  5. Make automatic deposits. ...
  6. Use Mint. ...
  7. Invest in long-term happiness. ...
  8. Use extra money as extra savings, not extra spending.

What is 52 week high strategy? ›

The financial paper says that traders use the 52-week high as a reference point in which they evaluate the potential impact of news. When good news has pushed a stock's price near or to a new 52-week high, traders are reluctant to bid the price of the stock higher even if the information warrants it.

What is the 50 spending rule? ›

Budget 50% for necessities

Your necessities are usually your living expenses and should account for 50% of your after-tax income. Necessities are things you need that aren't optional. They're different from your wants, which are things you'd like to have but don't need to survive.

What does 52w high mean? ›

What is a 52 Week High? A 52 week high, as the name suggests, is the highest price that the security/ stock has traded over a 52 week period i.e. a year. It is a technical indicator that is used to analyse the security's current price. The 52 week high is also used to predict future movements as well.

How much is $7 an hour annually? ›

How much is your salary? $7 hourly is how much per year? If you make $7 per hour, your Yearly salary would be $14,560.

What is $2 a week annually? ›

$2 weekly is how much per year? If you make $2 per week, your Yearly salary would be $104. This result is obtained by multiplying your base salary by the amount of hours, week, and months you work in a year, assuming you work 40 hours a week.

How much money is $500 a week for a year? ›

What is 500 a week annually? Earning $500 in weekly wages is the equivalent of earning $26,000 a year. This calculation is based on the person working 52 weeks a year; the math is 500 x 52, which equals $26,000.

What is the 100 envelope challenge? ›

It works like this: Gather 100 envelopes and number them from 1 to 100. Each day, fill up one envelope with the amount of cash corresponding to the number on the envelope. You can fill up the envelopes in order or pick them at random. After you've filled up all the envelopes, you'll have a total savings of $5,050.

What is the 2 dollar a week savings challenge? ›

In other words, you'll save $1 the first week, $2 the second week, $3 the third week, and so on until you put away $52 in week 52.

What is the $3 a week savings challenge? ›

The plan is refreshingly easy, even for the math-challenged: set aside $3 in the first week and put it into a savings account. Then add another $3 each week after, so $6 is saved in week two, $9 in week three, and so on. By week 26, when the final deposit of $78 is made, the savings will total $1,053.

How many envelopes do I need to save 5000? ›

Take stock of your savings At the end of 100 days, you'll have 100 envelopes containing $5,050. That's right—1 + 2 + 3 + 4 and every other number through 100 equals just over $5,000.

How to do the 100 envelope challenge in 3 months? ›

You can save over $5,000 in just over three months with the 100 envelope challenge. It works like this: Gather 100 envelopes and number them from 1 to 100. Each day, fill up one envelope with the amount of cash corresponding to the number on the envelope. You can fill up the envelopes in order or pick them at random.

Is it possible to save $5,000 in 3 months? ›

There are 12 weeks in a 3-month timeline, which means there are 6 bi-weeks. In order to save $5,000 in three months, you'll need to save just over $833 every two weeks with your biweekly budget. If you're paid bi-weekly, you can easily compare your bi-weekly savings goal with your paycheck.

How much to save $5,000 in 3 months? ›

Breaking Down the $5,000 Goal

Breaking down the total amount into smaller chunks can transform an overwhelming goal into an achievable plan: Monthly: Save approximately $1,667 each month. Weekly: This breaks down to about $417 per week.

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