Pick a goal and a schedule, then save a set amount each week or payday and mark it off on a tracker. In the 52 week challenge you save $1 in week 1, $2 in week 2 and so on, reaching $1,378 by week 52. ProfitDrawer's savings challenge printables also include a 100 envelope challenge totaling $5,050, and the Consumer Financial Protection Bureau's own planning example turns a $400 goal into $20 a week for 20 weeks.
How to run one:
- Choose the goal and date, for example a $1,000 emergency starter or a holiday fund.
- Pick a challenge that fits your cash flow:
| Challenge | How it works | Total |
|---|---|---|
| 52 week | $1 in week 1 up to $52 in week 52 | $1,378 |
| 52 week, reverse | $52 first, ending at $1 | $1,378 |
| 100 envelope | Envelopes 1 to 100, save each number once | $5,050 |
| Fixed amount | Goal / weeks (CFPB example: $400 / 20 weeks) | $20 a week |
- Save on a set day, such as payday. The CFPB suggests picking a frequency that fits, like once a week, once a month or once per paycheck.
- Move the money to savings right away, automatically if you can, so it does not get spent.
- Color in or tick off each amount; the visible progress is the point.
- Miss a week? Restart, do not quit. The CFPB tip is not to worry if you missed a goal and try again next week.
The reverse 52 week version front-loads the big amounts, which can suit months after a tax refund. The printables include goal trackers from $500 to $10,000 in US Letter and A4.
Source: Building your savings? Start with small goals (Consumer Financial Protection Bureau) · Updated
Tools and spreadsheets for this
Related questions
All questions on ProfitDrawer Answers →
General information, not tax, legal or financial advice. Check the rules for your state and your situation.