If you’re aiming to save money in 2026, consider participating in one of these challenges. Some challenges start with saving just 1p on the first day, while others can help you accumulate nearly £7,000 by the year’s end.
The method of saving is up to you – you can opt for a digital savings account or the traditional approach of using a jar for coins and cash.
The £1 saving challenge involves saving £1 each day, resulting in £365 in savings by the end of the year. Alternatively, saving 50p daily would yield £182.50 by the year’s end.
In another challenge, you increase the daily savings amount by 1p, starting with 1p on January 1 and reaching £3.65 on December 31, totaling £667.95 for the year or £164.71 by June.
For a weekly challenge, you begin by saving £1 on Monday and incrementally increase the amount by £1 each day until Friday, skipping the weekends. This approach can result in saving £780 over the year or £390 when done every other week.
Another challenge involves saving an additional £1 each week, starting with £1 in the first week of January and reaching £52 in the final week of December, amounting to £1,378 for the year or £351 if done every other week.
A more challenging version of the Monday to Friday challenge includes weekends, where you save £1 on Monday and incrementally increase the amount by £1 each day, saving £6 on Saturday and £7 on Sunday. This challenge could lead to savings of £1,456 by the end of the year or £728 if completed halfway.
Lastly, the most demanding challenge involves increasing the weekly savings by £5, starting with £5 in the first week of January, £10 in the second week, and so on. Completing this challenge could result in savings of £6,890 for the year or £1,755 by mid-year.