If you’re aiming to save money as part of your new year resolutions, consider taking on one of these challenges for the year 2026.
Some challenges start with saving just 1 penny on the first day, while others are more ambitious and could lead to savings of nearly £7,000 by the end of the year.
The method of saving is up to you – whether you choose to create a digital savings account online or opt for the traditional route of using a jar for coins and cash.
The £1 saving challenge involves saving £1 every day, resulting in a total of £365 by the end of the year. Alternatively, saving 50p daily would accumulate to £182.50 by the year’s end.
In this challenge, the saved amount increases by 1 penny each day. Starting with 1p on January 1, the savings progress to £3.65 by December 31, totaling £667.95 if completed for the entire year, or £164.71 if stopped at the end of June.
Another challenge begins with saving £1 on Monday and increasing the amount by £1 each day until Friday. By skipping weekends, you would save £15 per week, amounting to £780 over the year, or £390 if done every other week.
A different challenge entails raising the saved amount by £1 weekly, starting with £1 in the first week of January and reaching £52 in the final week of December. Completing this challenge would result in £1,378 in savings, or £351 if done every other week.
For a more demanding challenge, the savings increase by £5 weekly, starting with £5 in the first week of January and escalating to £6,890 by the end of the year, or £1,755 if stopped halfway through the year.