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The 52-Week Money Challenge: Your Pathway to New Year, New Wallet

Updated: Apr 7

As a disclaimer, EnvisionCo Blog is reader-supported. Some links on this site are for additional informational purposes whereas some others are affiliate links (don't worry, these will be clearly marked as such). When you click through an affiliate link on our site and sign-up for a service or finalize a purchase, we may earn affiliate commissions. This of course is at no additional cost to you.

Last article, we considered just how high the percentage of Americans who felt that money impacted their stress. A whopping 90% of us Americans are undergoing some form of financial stress or strain. We discussed four strategies in our article, "New Year, New Wallet," to assist us with getting on track financially this year. The article further included some referral links to assist you with earning a little extra cash to get you started.

"How do I plan on utilizing my new SoFi Checking and Savings account? For me, it's more about the savings than anything. I really do want to make progress with setting personal financial goals this year and I want a new slate in which to track my progress...I have a new savings goal in mind but more on that next week." ~EnvisionCo Blog. (2024 January 7) New Year, New Wallet

We opened this year with me encouraging you to take a journey with me. One that involves us minding our wallet. Your being here signals to me that you are up for the challenge. Now, embarking on a financial journey often involves strategic choices. One such strategic decision is selecting the right tools for your financial needs. Last article, I shared with you 4 strategies to get your financial house in order and 6 tools to get a little extra cash in your wallet. This article we are going to pull all of that together through an oldie but a goodie challenge-The 52 Week Money Challenge.

The 52 Week Money Challenge is a popular and straightforward method that has assisted many individuals with establishing a regular savings habit. This challenge provides a structured approach to building a financial cushion over the course of a year, making it accessible to people of all income levels.

How does it work?

The 52-Week Money Challenge is really easy to understand. You start by saving a certain amount of money each week, and as the weeks go by, you gradually save more. It's like a friendly savings plan that can work for anyone. What's cool is that you get to choose how much to start with, so it fits with what you can afford. Whether you have a lot or a little to spare, the challenge can be adapted to your own money situation. It's all about making saving money a habit that suits you.

Yeah, but what does that look like?

By the end of the challenge, participants will have saved a total of $1,378. This gradual increment makes it easier for individuals to adjust their saving habits over time, ensuring that the challenge remains realistic and achievable. Tell me in the comments below; what would you do with an additional $1,378.00? What would that mean for you and your family?

Okay, so what are the benefits?

The 52 Week Money Challenge instills discipline by encouraging consistent saving. As you progress through the weeks, you develop a routine of allocating a portion of your income to savings. The gradual increase in savings ensures that, by the end of the challenge, you will have a substantial amount set aside. This can serve as a financial safety net for unexpected expenses or future goals that you may have. Whether it's for an emergency fund, a vacation, or a major purchase, the 52-Week Money Challenge is a S.M.A.R.T. goal in that it provides a tangible way to work towards these objectives. Lastly, this newfound habit can extend beyond the 52 weeks if you so choose.

I was first introduced to the 52 Week Money Challenge in 2014. Yes, a whole decade ago. Long before the birth of Envision Coaching & Consulting LLC or EnvisionCo Blog. Let's just say I tried it, and it didn't work out for me. As I reflect, I can honestly say that the issues for me that prevented my success with the challenge were well the exact strategies I shared with you in last week's article. I wasn't ready. Not one to throw in the towel, I determined to give myself another crack at it. A year later, I tried the 52 Week Money Challenge again. I had all the moving parts in place this time and I was successful.

Did you know? Envision Coaching & Consulting LLC has a Facebook page. Each Sunday, we post a status announcing completion of the EnvisionCo Blog article for the week. Join me on Facebook on the post announcing this blog article where I will share with you in the comment section what additional strategy helped give me that extra edge to successfully complete the 52 Week Money Challenge. Hint: It's a three word phrase.

Alrighty, how do I piece this all together?

To do the 52-week money challenge most effectively, you’ll want to pick an account to park your savings in. As discussed last week, opening a SoFi Checking and Savings account can be a game-changer, especially when paired with the 52-Week Money Challenge. With features like high-interest rates on savings and no account fees, SoFi empowers you to make the most of your money. Setting up automatic transfers from your checking to your SoFi Savings ensures that your weekly contributions to the 52-Week Money Challenge are seamless. This automated process not only simplifies your commitment but also reinforces the habit of consistent saving. When you use my SoFi Checking and Savings referral link (this is an affiliate link btw) to set up a new SoFi Checking and Savings account, you'll get a $25 bonus. Hey, that knocks out week 25 for you right there! Once you get your SoFi account set up, you will have your own unique referral link for which you can refer others in your network to SoFi and get a monetary thank you directly from SoFi at no cost to your friends, family, or followers.

Additionally, there were several other affiliate referral links provided to you in last week's article that can help you earn additional monies to add to your savings account thus knocking off more of those weeks in the 52 Week Money Challenge.

The 52-Week Money Challenge offers a simple yet effective method for us to enhance our financial discipline and create a habit of consistent saving. Its adaptability makes it accessible to people of differing financial backgrounds. As with any savings strategy, the key lies in commitment and persistence. From personal experience, I can honestly say that it did foster a sense of accomplishment as I watched my savings grow week by week. I plan on starting this week. Won't you join me? Comment "yes" in the comment section below and let's get this savings party started! It is time to make our money work for us! Here's to a year of financial empowerment, progress, and the fulfillment of your aspirations. Again, as you begin this journey, do not worry about getting it perfect; just get it going. Until next time. Happy reading.

"The more your money works for you, the less you have to work for money." ~Idowu Koyenikan


Here at EnvisionCo Blog, we try to keep ads to a minimum making our blog entirely reader-supported. We may feature links on this site for additional informational purposes. From time to time, we may feature other links which are affiliate links (and these will be clearly marked). When you click through an affiliate link on our site and sign up for a service or finalize a purchase, we may earn affiliate commissions. This is of course at no additional cost to you. However, if you like what you see and would like to make a donation to help us keep ads to a minimum, we would greatly appreciate it! Nothing fancy. We accept the price of a cup coffee with as much gratitude as we would the price of a tank of gas!


Great idea ! Amazing insight and I’m gonna try some of this!

Replying to

That is awesome. Please do keep us updated on your progress!


This is such a great idea! When I was younger I assumed only people really well offed saved a ton and invested vs. saving/investing what works for each person and starting small. Wish I had this years ago!

Replying to

Thank you for dropping by and sharing your thoughts! When I was younger, I don't know that I knew anything about saving to be honest. Now that I am older and a little more knowledgeable, I do try to save. My message to you is now that you have discovered the 52 Week Money Challenge, please know that you can start right where you are, right now. You don't have to wait until January 1. Take out your favorite calendar and consider this week 1. Whether you want to put away $1 or work the challenge backwards and put in $52 is totally up to you. And remember my referral link will get you a bonus $25 that you can…


Weeks 50 and 49 posted!!


I’m definitely joining you on this challenge and to answer your question I would leave it in my savings or take the kids on nice little vacation.

Replying to

A vacation with the kiddos sounds relaxing!


Working it backwards! Weeks 52 and 51 posted in my new SoFi Savings account. See my SoFi referral link in article above so you can get an extra $25 when you become a new SoFi member!

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