52 Week Money Challenge - Surznick Style - The Surznick Common Room

Friday, January 2, 2015

52 Week Money Challenge - Surznick Style

Happy 2015, guys and gals! We hope that you had a wonderful NYE and that your 2015 is off to a great start! Today's the first Friday of the year so Nick and I are starting a new weekly routine that we thought we'd share with you: the 52 Week Money Challenge. You've heard of this, right? (It's actually one of the most common New Year's Resolutions.) The concept is pretty simple - each week you add money to a jar (or savings account) and increase the amount by $1 each week. So week 1 you set aside $1, week 2 is $2, etc. At year end, you've saved $1,378!

I've always been intrigued by this idea, but the one thing that stops me is, "There's no way I can set aside $202 in December!" Between Thanksgiving, Christmas, and in my case, Nick's birthday, the last month of the year is not where I have extra money to toss around. But we both really wanted to give the money challenge a try this year, so we decided we're going to do the 52 Week Money Challenge - Surznick Style, aka in reverse!

The original 52 Week Money Challenge is in fact pretty challenging because it gets harder and harder as the year goes on. But why should it have to? If you do the challenge in reverse, you're saving the same amount of money but taking care of the challenging part right away. At the beginning of a new year when you're feeling inspired, motivated, and eager to set goals and make changes, this is the perfect time to get that heavy lifting done and see immediate results in your savings.

Below is a little spreadsheet we created so that we can keep track of our savings. If you'd like to try this challenge too, please feel free to print the PDF and use this spreadsheet as well!

I've read a lot of good and bad reviews of the 52 Week Money Challenge, so if this is not your thing, we totally get it. To be honest, Nick and I don't really have an end-goal in mind for our savings. Maybe we'll travel, maybe we'll put it all into our student loans, maybe we'll do both? We don't really know and we definitely don't need to decide now. Ultimately, this is just something new and different for us to try and we're excited to see how it plays out!

We'll be sure to check back in with you at the end of the year to let you know how it went! Anyone else thinking of doing the 52 Week Money Challenge this year?

Sarah & Nick


  1. Good for you guys! And clever idea about getting the most challenging weeks out of the way first!

  2. My husband and I were thinking about doing this too, and it's so funny that you are doing it "backwards" too because that was our plan as well. It's a little crazy to think that you will have that much right before Christmas to put away so we wanted to do it backwards too.

  3. i tried this last year but did not think of the backwards thing until it was too late so i gave up half way.
    this year i tried the envelope method!
    so far so good! and i love knowing that im keeping up with it.
    maybe next year ill do this again but backwards!


    1. What's the envelope method? Maybe we'll have to give that a try next year!