52 Week Saving Plan

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Save Some MoneyI know the holidays have just come to an end and you probably just put away your decorations.

However, it is never too early to think about next Christmas and start saving early.

I saw an image posted on Facebook the other day and it made perfect sense to me to use something like it to save for next holiday season.

The premise is simple, you save a little bit each week and at the end of the year you will have over $1,000 ($1,378.00 to be exact) to spend frivolously on your loved ones!

No pain involved… 

Well maybe a little pain depending on how stretched your budget is.

It starts out simple, put $1.00 away the first week and then on the following weeks you would put away one extra dollar from the week before.

It goes basically like this:


I am sure you get the idea and if you look at it, it doesn’t seem so bad. Well not until you get to the end of the year and you are scraping $52.00 for the last week. :)

To save the money you can just make an envelope and put your money in it weekly if you a disciplined enough not to touch it. Or you could put it in a separate bank account or your savings account.

I have an ING Direct account and they allow you to setup multiple savings accounts, so I set one up just for this.

It is not super simple to get your money out so you will have less of a chance to dip into your holiday fund. You have to transfer the funds to your primary checking account and wait for the transfer, not as simple as an atm card or opening the envelope in your dresser drawer.

Whatever way you choose to save start now as we have already passed the first week and are rolling on the second.

You can download either a PDF version or an Excel Spreadsheet version of the full chart pictured above. The Excel version is fully customizable in case you want to change anything.

PDF Version

Excel Version


I have my $3.00 saved already, how about you?

(This post contains affiliate links)

( If you are reading this anywhere but my blog, you can find the original post here. )

6 thoughts on “52 Week Saving Plan”

  1. Phil:

    Good to hear that you are taking action. My wife and I’ve been doing this for at least 5 years. We save some money every month for our leisure expense. We don’t buy something we don’t really need. We have to spend it all before the end of the year.. And you can not roll it over to next year.

    We were able to save the money to buy something nice, taking cruise trip or have a oversea trip to Asia.

    On the business side, I reserve extra money for buying gift card to give myself as reward. If I can’t save enough for the month, I won’t spend a dine until I can make it through the next month.

    Just one thing though. Saving will never make you rich. It’s the money that works for you will. So If we can’t spend all the money we accumulate, we invest it on something that will guarantee return. For example, tax lien.

    The money we spent on investment will never go back to our spending pool. So we were able to continue building our financial foundation.

    One last thing I believe is that wealth isn’t about how much you make, what car you drive or how much you save. It’s how much you can spend without even thinking about it.

    Good luck! You can do it.

    • As always a big thank you Terence for you insightful comments. I agree that wealth doesn’t revolve around money itself, I think it goes way beyond that. My goal in this exercise is not to become wealthy but just to save enough easily for next Christmas season.

  2. Great idea. I have a Miscellaneous Savings Account I use for birthdays and Christmas (it uses Keep the Change from Bank of America – rounds up my purchases & puts the difference in savings) but this year I ran short for Christmas. I think I might try your idea. Printing the spread sheet now.

    • Hey Patty, thanks for stopping by. I hope I can keep up with this plan as it will make Christmas so much easier next year… Good luck to you as well.

  3. interesting…I may try to do it backwards though….gets less painful as I go…good luck everyone….and thanks for sharing your idea, Phil!

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