The 52 Week Savings Plan

I spotted this ingenious and simple savings plan on Facebook, posted it on my Survival Mom Facebook group, and it went viral with 3,074 likes and 4,230 shares within a couple of days. I’ve never seen anything like it. Obviously, this plan hit a nerve with a large number of people who know they need to save, want to save, but are dealing with the reality of tight budgets.

Here’s how the 52 Week Savings Plan works

On many calendars, each week is numbered, beginning with Week #1: January 1-7.  On this 52 weeks savings plan, you save the amount of dollars that corresponds to that week’s number. Example:

Week 1: Save $1

Week 2: Save $2

Week 3: Save $3

Week 4: Save $4, and so on.

If you follow this plan each week, you’ll end up with $1378 total by the end of December, and that’s no chump change! Any week that you have a little extra cash, add it to the pot and you’ll have even more saved by the end of the year, or you’ll have created a bit of a padding for weeks that don’t have any extra cash left over.

The 52 Weeks Savings Plan is highly versatile. You can begin with Week 52 in January and do the savings in reverse:

Week 1 (January 1-7): Save $52

Week 2 (January 8-14): Save $51

Week 3 (Janaury 15-21): Save $50, and so on.

Some people prefer starting with this larger dollar amount at the beginning of the year and only having to save just a few bucks each week during the holidays when money may be tight.

Another variation is to take the total to be saved, $1378, divide it by 52, and just save a flat $26.50 each week. Others, with more than one breadwinner in the household, double the savings each week.

Start this savings plan now, wherever you are during the year. The reason most people don’t save money is because they don’t have an organized plan. Well, here’s one and it couldn’t be easier!

Print out this chart to help stay on track.

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