Top money-saving challenges
As we kickstart the new year lots of us will have set goals to save more money but according to YouGov, only 24% of us will stick to these goals for 12 months. Saving challenges can help make saving fun by breaking it up into smaller, more bitesize challenges.
Our favourite top 3 saving challenges explained
The 52-week saving challenge: save £1,378
The 52-week saving challenge is an ambitious weekly saving challenge where the amount goes up with the weeks. You save £1 for each week you are in the year, so for week one, you save £1, for week 14 you save £14 and for week 52 you save £52.
By the end of this saving challenge, you are putting quite large amounts away into your pots but this poplar challenge eases you in by starting off with the lower amounts and lets you forward plan for the larger amounts in the latter half of the year.
The £1 challenge: save £365
This is the easiest one to remember and execute as it involves saving £1 for each day of the year, leaving you with £365 by the end of the year.
The 1p saving challenge: save £667.95
Maybe the most popular saving challenge around. You start by saving just 1p on the first day of the year, 46p on day 46 finishing up on £3.65 on the last day of the year. Again this saving challenge starts off really low making it super manageable but it can get a little tricky in December but the results are great.