If you are looking to save money as part of your new year’s resolutions, consider taking on one of these challenges for 2026. Some challenges involve starting with as little as 1p on the first day, while others can help you save nearly £7,000 by the year’s end.
The method of saving is entirely up to you – whether you opt for a digital savings account online or prefer the traditional approach of using a jar for coins and cash.
One approach, known as the £1 saving challenge, requires you to save £1 each day, leading to a total of £365 in savings by the end of the year. Alternatively, saving 50p daily would result in £182.50 saved over the year.
Another challenge involves increasing the daily savings amount by 1p each day, starting from 1p on January 1 and culminating in £3.65 saved on December 31, totaling £667.95 saved for the year if completed.
For a weekly challenge, you start by saving £1 on Monday and increase the amount by £1 each day until Friday, skipping the weekends. This method could potentially save you £780 over the year if followed consistently.
A more gradual approach 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. Completing this challenge could lead to savings of £1,378 for the year.
If you are up for a more intense challenge, there is an option to increase savings by £5 per week, resulting in possible savings of £6,890 for the year if completed or £1,755 if halfway through.
Consider taking on these challenges to boost your savings in 2026.