If you have set a goal to save money in the coming year, consider taking on one of these savings challenges for 2026. These challenges range from starting with just 1p on the first day to potentially accumulating nearly £7,000 by the end of the year.

The method of saving is up to you – whether you opt for a digital savings account online or the traditional method of using a jar for coins and cash.

The £1 saving challenge involves saving £1 every day, resulting in £365 in savings by the end of the year. If you prefer to save less, putting aside 50p daily would yield £182.50 by year-end.

In another challenge, you increase the daily savings amount by 1p each day, starting with 1p on January 1 and reaching £3.65 on December 31, totaling £667.95 for the year or £164.71 until the end of June.

Starting with £1 on Monday and increasing by £1 each day until Friday, then skipping weekends, would lead to saving £15 per week, amounting to £780 annually or £390 with a bi-weekly approach.

Another challenge involves increasing savings by £1 per week, starting with £1 in the first week of January and reaching £52 in the final week of December, resulting in £1,378 saved for the year or £351 with a bi-weekly schedule.

For a more rigorous challenge that includes weekends, you save £1 on Monday and increase the amount by £1 each day, adding £6 on Saturday and £7 on Sunday, totaling £28 saved weekly and £1,456 for the year or £728 with half completion.

The most challenging option involves increasing savings by £5 per week, starting with £5 in the first week of January and progressing to £6,890 for the entire year or £1,755 if halted halfway.

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