If you’re aiming to save more money this year, consider taking on one of these saving challenges for 2026.
For some challenges, you can start by setting aside just 1p on the initial day, while more ambitious ones could lead to savings of 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 the traditional approach of collecting coins and bills in a jar.
The £1 saving challenge involves saving £1 each day, resulting in a total of £365 at the end of the year. If you prefer to save less, putting away 50p daily would accumulate to £182.50 by year-end.
In this challenge, you incrementally increase the saved amount by 1p daily. Starting with 1p on January 1, you would save 2p on January 2, 3p on January 3, and so forth, culminating in saving £3.65 on December 31.
By completing this challenge, you would have a total savings of £667.95 by the end of the year. Even if done until the end of June, you would still accumulate £164.71.
Commence by saving £1 on Monday and then elevate the amount by £1 each day until Friday – i.e., £2 on Tuesday, £3 on Wednesday, £4 on Thursday, and £5 on Friday.
Weekends are excluded in this challenge, resulting in saving £15 weekly, which sums up to £780 over the year. Even if done bi-weekly, you would still save £390 annually.
In this challenge, you boost the saved amount by £1 weekly. Thus, in the first week of January, you’d save £1, followed by £2 in the second week, and so on, reaching £52 in the final week of December.
Completing this challenge would yield £1,378 in savings. Even if done bi-weekly, you’d still save £351 by year-end.
This challenge is a more rigorous version of the Monday to Friday challenge, including weekends. The saving process remains the same – saving £1 on Monday and incrementing by £1 each day, with additional savings of £6 on Saturday and £7 on Sunday.
Each week would result in savings of £28, totaling £1,456 by the end of the year. Halving the challenge would lead to savings of £728.
The most challenging of the challenges involves increasing the saved amount by £5 weekly. For instance, saving £5 in the first week of January, followed by £10 in the second week, and so forth.
Completing this challenge would yield savings of £6,890. If done halfway through the year, you’d have saved £1,755.
Opt to make Daily Mirror your ‘Preferred Source’ on Google News for swift access to news that matters to you.