If you’re looking to save money in the new year, consider taking on one of these challenges for 2026. These challenges range from starting with just 1p on the first day to potentially saving nearly £7,000 by the end of the year.
The method you choose to save is up to you – whether you opt for a digital savings account or the traditional approach of using a jar for coins and cash.
One challenge involves saving £1 every day, resulting in a total of £365 in savings by the end of the year. Alternatively, saving 50p a day would accumulate to £182.50 by the year’s end.
Another challenge requires increasing the amount saved by 1p each day, starting from 1p on January 1 and ending with £3.65 on December 31, totaling £667.95 for the year or £164.71 by mid-year.
A weekly saving challenge involves saving £1 on Monday and increasing the amount by £1 each day until Friday, skipping weekends. This method could lead to savings of £780 annually or £390 if done bi-weekly.
For a weekly increment challenge, you would save £1 the first week of January, £2 the second week, and so on, culminating in £52 saved in the final week of December, resulting in £1,378 saved for the year or £351 if done bi-weekly.
A more challenging version of the Monday to Friday challenge includes weekends, with savings increasing by £1 each day along with additional savings of £6 on Saturday and £7 on Sunday. This challenge could yield £1,456 by the end of the year or £728 if completed halfway.
The toughest challenge involves increasing savings by £5 weekly, starting with £5 the first week of January and escalating to £10 the following week, leading to potential savings of £6,890 for the year or £1,755 by mid-year.
