If you’ve set a goal to save money in the new year, consider taking on one of these challenges for 2026. Some challenges start small, like putting away just 1p on the first day, while others could help you accumulate nearly £7,000 by the end of the year.
The method of saving is flexible – you can opt for a digital savings account or the traditional approach of stashing coins and cash in a jar.
One challenge involves saving £1 every day, resulting in a total of £365 by the year’s end. For those looking to save less, setting aside 50p daily would amount to £182.50 over the year.
In another challenge, the daily savings amount increases by 1p each day, starting from 1p on January 1 and reaching £3.65 on December 31, totaling £667.95 for the year or £164.71 if stopped at the end of June.
A weekly challenge begins with saving £1 on Monday and increasing by £1 each day until Friday, skipping the weekends. This routine would yield £780 over the year, or £390 if done every other week.
Another weekly challenge involves increasing the saved amount by £1 each week, leading to a total of £1,378 by the end of the year or £351 if done every other week.
For those seeking a more rigorous challenge, one includes saving £1 on Monday and incrementally adding £1 each day, even on weekends. By following this plan, you could save £1,456 over the year, or £728 if only half completed.
The most challenging task involves saving an additional £5 per week, starting from £5 in the first week of January and increasing each week. Completing this challenge could result in saving £6,890 for the year or £1,755 if stopped midway through.
