Let kids try the 52-Week Savings Challenge

Girl with piggy bank and change

The 52-Week Savings Challenge is not just for adults. You can help your child with savings goals as well. Here’s how to get your child started with a fun money-saving challenge!

Get started with the challenge

Your children can learn to save by starting on a small scale. The 52-Week Savings Challenge works the same for kids as it does adults. Kids start small and gradually deposit a little more into a kids savings account every week for 52 weeks — a full year. For example, during week one your child puts 25 cents into savings. On the second week, 50 cents is added. On the third week 75 cents gets deposited. By year’s end, your child will have saved $344.50. Plus, the money earns dividends on top of savings, like your adult savings account.That means your child is getting even more money! If your child doesn’t have an account, consider helping your child open one.

Make it a fun money-saving challenge

Talk with your child about something that has been on the wish list. Then print or save a photo of the item. This visual could help keep your child motivated to save. If the request costs more than what your child can reasonably save, consider helping your child save the money. Otherwise, work with your kid to save for a smaller goal.

Track progress with the Challenge chart

An easy way for your child to see savings add up is to place jars in a highly visible spot in the house. Each week money can be deposited into the jar. You and your child can keep track of what’s being saved by using the chart below or by downloading, and printing your own 52-week kids challenge chart. Later, visit the Credit Union together to deposit the change into savings.

52-week kids challenge chart

 WEEK DEPOSIT BALANCE
1 $.25 $.25
2 $.50 $.75
3 $.75 $1.50
4 $1.00 $2.50
5 $1.25 $3.75
6 $1.50 $5.25
7 $1.75 $7.00
8 $2.00 $9.00
9 $2.25 $11.25
10 $2.50 $13.75
11 $2.75 $16.50
12 $3.00 $19.50
13 $3.25 $22.75
14 $3.50 $26.25
15 $3.75 $30.00
16 $4.00 $34.00
17 $4.25 $38.25
18 $4.50 $42.75
19 $4.75 $47.50
20 $5.00 $52.50
21 $5.25 $57.75
22 $5.50 $63.25
23 $5.75 $69.00
24 $6.00 $75.00
25 $6.25 $81.25
26 $6.50 $87.75
27 $6.75 $94.50
28 $7.00 $101.50
29 $7.25 $108.75
30 $7.50 $116.25
31 $7.75 $124.00
32 $8.00 $132.00
33 $8.25 $140.25
34 $8.50 $148.75
35 $8.75 $157.50
36 $9.00 $166.50
37 $9.25 $175.75
38 $9.50 $185.25
39 $9.75 $195.00
40 $10.00 $205.00
41 $10.25 $215.25
42 $10.50 $225.75
43 $10.75 $236.50
44 $11.00 $247.50
45 $11.25 $258.75
46 $11.50 $270.25
47 $11.75 $282.00
48 $12.00 $294.00
49 $12.25 $306.25
50 $12.50 $318.75
51 $12.75 $331.50
52 $13.00 $344.50

Total savings amounts listed do not include dividends earned when the savings are deposited.

Follow us on Facebook and Instagram. Share your monthly progress on your page and tag us using #52weekchallenge. Your family’s story may inspire other families to get started or keep going.

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