52-Week Savings Challenge No. 1: Use an In-Network ATM

Use an In-Network ATM

March marks the beginning of GOBankingRates’ 52-Week Savings Challenge, which teaches struggling savers just how easy saving money can be when you take it one week at a time. Every week of the challenge, you’ll save the dollar amount that corresponds with the week you’re on (e.g. on week one you’ll save $1, on week two you’ll save $2 and so forth).

The most you’ll need to save during this challenge is $52 on the last week, but by the end of the challenge, you’ll have saved an impressive $1,378 to put into your savings account.

52-week-savings challenge

To help you reach your weekly savings goal, GOBankingRates will feature a weekly savings tip to trim your regular expenses. For week one of the 52-Week Savings Challenge, you’ll need to save $1, which is as simple as avoiding unnecessary ATM fees.

Related: How to Kick Your Savings Account into Overdrive

Week No. 1: Use an In-Network ATM

There are many ways to save $1 or more on any given week. One effortless way to save a dollar is by dodging out-of-network ATM fees. Instead of withdrawing cash from the closest out-of-network ATM for sheer convenience, take a few extra minutes to plan a trip to your nearest in-network ATM when you need cash.

With ATM fees starting at around $1 and fees at major banks ranging between $2 to $2.50, taking the time to plan ahead when you’re at the grocery store, at your bank or by an in-network ATM will help you reach your week-one goal.

Check out the first video in our new 52-week savings series:

Extra Savings Tip: “Using an in-network ATM can save you hundreds in ATM fees. If you’re on the go and don’t know where to find a surcharge-free ATM, check your smartphone to see if there’s an app for your financial institution’s ATM network,” recommends MONEY Federal Credit Union.

See All << 52-Week Savings Challenge  >> Week 2

  • Oscar

    Awesome video! excited for the challenges each week

  • jonas

    Hahaha… the caped cru-saver. That’s good.

  • I’m doing the 52 week challenge! It’s awesome. Except I’m doing it the reverse way. I started with $52 and am working my way down to $1.

    • sherri6184

      doing it backwards will be easier around the holidays too:) Great idea…starting mine today.

    • RMatthews

      we are doing the same thing. I figured we are more likely to stick to the big numbers while we are all hyped up about starting to save! Good luck!

    • Betty Williams Jones

      LOL

  • Traveling Friend

    I did the 52 week challenge in 2014, along with a group of friends. I did the monthly deposit. It was great to have my Christmas money saved. This year, I am going to do it backwards,

  • pigletrios

    My daughter and I did the 52 week challenge last year. It was great and very easy to do. This year we are doubling!

  • Coach Landry

    I never used an ATM so what should my challenge be?