• Sun. Jun 26th, 2022

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Finance – Most Big Thing Start Small: 52 Weeks of Saving


It is fantastic to know when you have nothing, that great things can come from saving with the tiniest of starts. At the start of each new year, each new season there is a rush of people with grand plans, resolutions, and schemes to make a financial killing in the new year. Of course, most of these plans fail and fizzle often within days of their inception.  The reasons for the fizzle instead of sizzle are many. One of the most common reasons is because people are not happy with small starts and small results.

The Bible tells a story about how faith the size of a mustard seed that can move mountains. Others have heard the story of the mighty oak tree coming from the tiny acorn. A common savings plan making the rounds is the 52 week savings plan that requires participants to save one dollar for each week of the year. This that on the first week of the year, one dollar is saved and on the fifty-second week of the year, fifty-two dollar is saved. Over the course of the year, almost $1,350 is saved.


 I like the idea for many reasons. First, it makes saving money a regular habit for participants. Second, because it starts small and grows, it I manageable while participants get into the habit of saving.  I first heard of this challenge last year. I belonged to a social media group where one group of participants wanted to participate in the challenge and another group decided it was just show money that would be saved, not “real” money. While I appreciated the fact that for some people, $1,350 is the cost of a pair of shoes, I also appreciated the fact that for some people $1,350  was a dream savings account.

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This savings plan is a good idea for individuals: rich and poor and for businesses of all sizes. A poor person can do the challenge with pennies instead of dollars. A rich person can do the challenge in one thousand dollar increments. Those in the middle should get in where they fit in. The important thing is not the starting amount. Incredibly, the important thing is not even the amount that will be on hand at the end of the year. The important thing I the habit that is created. The discipline that becomes a habit of saving and paying attention to retaining finances is a habit that will build character and eventually create a person or business of integrity. These are lofty goals, big goals, but they can come from the tiniest of starts for a person or business willing to grow.

In conclusion, it is fantastic to know when you have nothing, that great things can come from saving with the tiniest of starts.  So, the question for you this fantastic day is, are you going to stay tiny, or are you in the mood to grow?

39 thoughts on “Finance – Most Big Thing Start Small: 52 Weeks of Saving”
  1. I am terrible at saving money so I had to try this! I am going strong into week 6 and doing the double challenge. Tell your sister to hang in there..lol

  2. I Love this idea! Tried it last year and only got to week 4 or 5. I know this year is going to be better. Week 2 and already have more saved then I should.

  3. This is a great way of saving (and learning to save for some adults!). It’s great to bump up the ante if you can. Double or triple the amounts – then put the end of year fund right on your mortgage loan principal. Knocking off that interest (and years) is worth it!

  4. I saw a similar savings plan last week and I think it’s a great idea. I love that verse, by the way. And it just-so-happens… I could really use that reminder right about now. Thanks 🙂

  5. This is such a great idea and I need to show it to my husband. Smart way to save!

  6. I’m also doing this challenge but have rearranged the order of the savings amount so that instead of getting progressively larger, it’s more mixed in.

  7. I struggle between paying off debt and saving. This year my goal will be to become debt free…other than mortgage, while keeping an emergency fund available.

  8. I love that money challenge chart! We JUST did a budget for the first time since we’ve been married (over 5 years ago). Our goal this year is to save $6000!

  9. Keep in mind, faith the size of a mustard seed can move mountains. I love this verse! I also like the idea of saving money and this sounds like a great plan and I can’t wait to implement this.

  10. What is funny is my sister called today and wanted to do this she is poor at saving money.

  11. It takes patience. I need to work on that for my finances. Excited to do small trials throughout the year.

  12. i did a post on this earlier in the week- w an excel spreadsheet download. it’s got an option for reverse 52 weeks so we can start high and end lower. that’s what we’re doing this year.

  13. I started this last year with a jar and ended up spending the money here and there, but it was good extra cash. I’ve started it again this year. It’s a 1.00 the first week 2 the second 3 the third and so forth. It could be good Christmas money if I make it.

  14. I tried this last year, but it wasn’t for a savings account or that amount. The idea was to save until I had enough to finally buy a smartphone and enter the 21st century. It came by quickly enough and the best part was that I didn’t feel like it damaged my finances at all since they were such small weekly amounts.

  15. A friend of mine just explained this concept to me last week. I love thinking how I could save up to $1400 a year so easily!

  16. I have seen something like this and have decided that it is something that many could accomplish. I think it would be great to see it come to a reality!

  17. I have seen a lot about the 52 weeks of saving this year. While I use other methods to save, I think it’s an excellent plan for those who are just starting.

  18. I really want to work on saving this year. I love this 52 weeks of saving because it literally seems like pennies you’re saving and you end up with a lump sum so it’s not stressful in any way!

  19. We have not be able to save for quite some time. but I can do $1 a week and I would feel accomplished to be able to save *something*.

  20. We did that savings thing last year where we started with $52 dollars the first week (since we had the money) and then went down every week… by this Christmas we had a huge chunk saved up and we didn’t stress at all. It was nice

  21. Hi,

    It feels wonderful to spend and save. Find a balance between the 2 to prosper and enjoy your bounty.

    Thanks for the reminder!

  22. I saw a sign or post going around on FB about saving just a few dollars a week and you will end up with a good chunk of money at the end of the year. Great way to save

  23. I never really thought to save $1 per week, but hey – I can do a lot with $52 & it’s a really easy way to save. I think I am going to try it.

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