The 52-week savings challenge is a popular savings plan designed to help individuals save money over the course of a year. Participants start by saving a small amount of money in the first week, typically $1, and then increase the amount saved by $1 each subsequent week. By the end of the year, this method results in a total savings of $1,378. This challenge is simple and flexible, making it accessible for people of all financial backgrounds. It encourages consistent saving habits and can be adjusted to fit personal financial situations, such as starting with a higher initial amount or skipping weeks if necessary.