Eight money-saving challenges

Money-saving challenges are a creative way to reach your savings goals. Saving little and often develops good habits so you can afford a deposit on a car or a holiday.

Even if you don't finish the challenge, you've still saved some money and that's worth celebrating.

Here's a selection of our favourite challenges - take a look and see which one's for you!

52 week challenge piggy bank

The 52 week saving challenge

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The 52 week
saving challenge

This one has a simple premise:

  • Week 1 = Save £1
  • Week 2 = Save £2
  • Week 3 = Save £3
  • Keep going through the rest of the year adding £1 to your saving amount, until you get to:

  • Week 52 = Save £52
  • Total saved:

£1,378

reverse 52 week challenge piggy bank

Reverse 52 week saving challenge

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Reverse 52
week saving challenge

Reversing the 52-week challenge is just as effective.
For this one, you'll start with the largest saving:

  • Week 1 = Save £52
  • Week 2 = Save £51
  • Week 3 = Save £50
  • Each week reduce the amount by £1 'till:

  • Week 52 = Save £1

Total saved:

£1,378

26 week challenge piggy bank

The 26-week saving challenge

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The 26-week
saving challenge

If you get paid every other week,
this is the savings challenge for you. It's simple:

  • Week 2 = Save £3
  • (That's £1 for week one and £2 for week two!)

  • Week 4 = Save £7
  • (So £3 for week three and £4 for week four!)

    And so on until you reach payment number 26:

  • Week 52 = Save £103

Total saved:

£1,378

fiver save piggy bank

The £5 savings challenge

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The £5
saving challenge

This tougher challenge is aimed at those who need something to help stop them spending:

  • Week 1 = Save £5
  • Week 2 = Save £10
  • Week 3 = Save £15

Keep mulitplying £5 by the week of the year until youre at:

Week 52 = Save £260

Total saved:

£7,000

monthly save piggy bank

The monthly saving challenge

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The monthly
saving challenge

Vary your savings each month by £25:

  • January = Save £25
  • February = Save £50
  • Increasing by £25 each month until you reach:

  • June & July = Save £150 each
  • Then start to decrease by £25 each month:

  • August = Save £125
  • September = Save £100

Total saved:

£1,050

pound save piggy bank

The £1/365-day saving challenge

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The £1/365-day
saving challenge

This is the most straight forward of the challenges:

Just save £1 a day!

Total saved:

£365

1p a day piggy bank

The 1p/365-day saving challenge

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The 1p/365-day
saving challenge

This challenge encourages saving a little bit of money every day!

  • Day 1 = Save 1p
  • Day 2 = Save 2p
  • Day 3 = Save 3p
  • Continue this increase throughout the year, ending with:

  • Day 365 = Save £3.65

Total saved:

£667.95

fifteen hundred piggy bank

The £1,500 a year saving challenge

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£1,500 a
year saving challenge

This challenge increases the amount you save throughout the week, and then resets for the next week. For example if you started on a...

  • Monday = Save £1
  • Tuesday = Save £2
  • Wednesday = Save £3

Follow this up to Sunday, and then start over, saving £1 the following Monday

Total saved:

£1,456





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