Yearly Savings Plan

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This year, as one of my New Year Resolutions, I want to start a yearly savings plan to save money for a Christmas Cruise! My sister, who will be turning 50 this year, wants us all to cruise together to celebrate her birthday. Unfortunately, cruising can be very expensive when you factor in five tickets plus excursions, sight-seeing and souvenirs!

52 Week Savings Plan

You may have seen across the web a simple savings plan that starts with $1 dollar and adds a dollar each week. By the time you have finished saving money for 52 weeks you will have saved a total of $1,378. It looks like this:

52 Week Savings Plan

Aggressive 52 Week Savings Plan

This is a great plan if you want to save for a bigger purchase or for Holiday Giving, but this is just not enough for the cruise that I want to take. So instead I came up with an Aggressive 52 Week Savings Plan. The Aggressive Plan is simple. Start with an amount other than $1 and then add $1 every week to the amount. You will be amazed at how much money you can add by the end of 52 weeks. For example, start with $10 and add $1 to the amount every week. By the end of 52 Weeks you will have $1,846 – an additional $500! Start with $20 and you will have saved an extra $988 for a total savings of $2,366!

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My Aggressive Plan starts with $50 and looks like this:

52 Week Aggressive Savings Plan

Starting with $50 lets me save a total of $3,926 by the end of the year. Now this is cruise money! Of course, I need to scrimp in other places in order to make this a reality.

52 Week Kids Savings Plan

Since I was starting this plan, my kids wanted in on the action too! They were excited that they could save money throughout the year so I came up with a savings plan for kids as well. This plan is very simply and allows kids to save a total of $359.

52 Week Kids Savings Plan

How to Start

  • Print out the chart that you want to follow or make your own using Microsoft Excel or another spreadsheet program.
  • Find a container to hold your stash. I used Ziploc containers that I found in a pack of three at my local supermarket.
  • Attach your chart to the container.
  • Keep a pen or pencil near the container to mark off the weeks.
  • Start Saving! If you start this week, you will finish 52 weeks by the very end of December. If you want to end sooner, consider doubling up on two weeks.

52 Week Savings Plan Boxes

Happy Saving!

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  1. I am loving the kids version of the savings plan. I hadn’t seen that one before.

  2. The kid saving plan is great!

  3. I have started that this year. I am hoping to stay with it all year.

  4. This is a great plan! I usually prefer weekly plans but I love the idea of printing the chart! Very helpful

  5. I love the kid version. What an easy way for them to see their savings grow.

  6. I love this idea!! I’ve seen the basic one, but really like this more aggressive version. Super helpful!!

  7. I’m trying this (not the super-saving one like you are, but maybe next year…) for the first time. I’m anxious to see how it turns out! 🙂

  8. I think you will have your cruise money and soendingn money!

  9. I am actually doing this for the first time this year, too. I really hope to stick to it. Thanks for the info.

  10. I love these savings plans, but I like rearranging it in one of two ways… I would either do it backwards and start with the higher amount (that way as Christmas gets closer I can put in less) or do an every other week (Week 1: $1, Week 2: $52, Week 3: $2, Week 4: $51…)

  11. Great savings plans! I never would have thought to do something like this on my own! Bookmarking and sharing right now 🙂

  12. I really like the kid 52 savings plan that you designed. Thanks for these different options.

  13. This is awesome. Thank you for this. I will use this plan for 2015. I will also use the kids savings plan to teach my 14 year old son how to manage his money.

  14. This is very good plan. says:

    This is very good plan. I also do this plan.

  15. I really like your kids chart. I was recreating my own and noticed on yours you have the $8 amount 5 times vice 4 and the $13 only 3 times. I wasn’t sure if there was a reason for it or an oversight. In any case great idea and Happy New Year!

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  18. I came towards the exact conclusion as properly some time ago. Fantastic write-up and I will be positive to look back later for a lot more news.


  19. Thanks for the writeup. I certainly agree with what you might be saying. I’ve been talking about this subject a whole lot lately with my brother so hopefully this will get him to see my point of view. Fingers crossed!

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