If you aim to save more money in the new year, consider taking on one of these savings challenges for 2026.
Some challenges involve starting with a minimal amount like 1p on the first day, while others can lead to saving nearly £7,000 by the end of the year.
The method of saving is flexible – you can opt for a digital savings account online or the traditional approach of storing coins and cash in a jar.
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One popular challenge is the £1 saving challenge where you save £1 each day, resulting in £365 saved at the end of the year. If you prefer to save less, setting aside 50p daily would accumulate to £182.50 by the year’s end.
Another challenge involves incrementally increasing the amount saved by 1p each day from January 1 to December 31, culminating in a total savings of £667.95 for the year or £164.71 if done until the end of June.
For a weekly saving challenge, start by saving £1 on Monday and incrementally increase by £1 a day until Friday. Skip weekends, saving a total of £15 per week, which amounts to £780 in a year. Even saving every other week would still result in £390 saved by year-end.
A more challenging version includes saving on weekends as well. Start with £1 on Monday, increasing by £1 daily, and saving £6 on Saturday and £7 on Sunday. This weekly saving pattern would yield £1,456 by the end of the year or £728 if done halfway.
The toughest challenge involves saving an increasing amount of £5 per week throughout the year. Completing this challenge would accumulate savings of £6,890, or stopping halfway through the year would still result in £1,755 saved.
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