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Take on the askpaul 52 weeks

Savings Challenge

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Start the year strong with a simple, proven plan to build healthy savings habits.

Whether you’re saving for investments, big expenses, or financial peace of mind, this challenge is for you.

One in four Irish adults have less than €500 in savings*, making them vulnerable to financial shocks. Start building better habits today!

*Source: Capital Credit Union The 52-Week Savings Challenge is a structured savings program designed to help you build substantial savings over one year through manageable weekly deposits.

Choose Your Savings Goal:

BEGINNER PLAN

BEGINNER PLAN
  • Save €5,000 by the end of the year.
  • Manageable weekly steps (€20 in week 1, €35 in week 2, €45 in week three, and €125 in week four and so on).
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ADVANCED PLAN

ADVANCED PLAN
  • Save €8,000 by setting aside €150 weekly.
  • Occasionally throw in an extra €16 over the €150 every alternative payday until the first week of September.
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It’s straightforward, flexible, and designed to fit your budget. Join a community of savers and take control of your finances today.

How to use your Savings Challenge?:

3 Simple Steps to Savings Success
Set Up Your High-Yield Savings Account
Step 1:

Set Up Your High-Yield Savings Account

Start smart by opening a high-yield savings account that works harder for your money. Through askpaul’s Savings Service, you can access accounts offering up to 3.10% AER, meaning your €5,000 or €8,000 challenge could earn you a little interest by year-end.

 

Why this matters: Traditional Irish bank accounts offer near-zero interest. With a 3.10% AER rate, your money grows automatically while you save .

Set Up Your High-Yield Savings Account
Automate Your Weekly/Monthly Deposits
Step 2:

Automate Your Weekly/Monthly Deposits

Set up an automatic transfer from your current account to your high-yield savings account every week (or monthly if that suits your paycheck schedule).

 

Pro tip: Schedule transfers for the day after payday so you “pay yourself first” before spending on other expenses..

Automate Your Weekly/Monthly Deposits
Track Your Progress & Watch It Grow
Step 3:

Track Your Progress & Watch It Grow

Download your free PDF tracker and mark off each week as you complete it. Keep it saved on your phone or print & place it somewhere visible, your fridge or work desk, to stay motivated.

Track Your Progress & Watch It Grow
Check off completed weeks in your PDF tracker.

Check off completed weeks in your PDF tracker.

Monitor your growing balance through your savings account app

Monitor your growing balance through your savings account app

Celebrate milestones (€1,000, €2,500, €5,000!)

Celebrate milestones (€1,000, €2,500, €5,000!)

Watch your interest compound adding extra euros to your goal

Watch your interest compound adding extra euros to your goal

Bonus motivation: With compound interest from your 3.10% account, you'll see your balance grow faster than your deposits alone, proof that your money is working for you even while you sleep.

Research shows automated savings dramatically increases success rates because it removes decision fatigue and the temptation to skip weeks.

Real experiences:

Many people participate each year because the challenge is straightforward, easy to follow, and delivers reals results.

Tried this and it worked amazing! Really fun to try and save for something big

Anne

Just finished the intermediate challenge from last year to save €5,000 and now I'm buying my first home

Jessica

It's a brilliant challenge. Some months I just can't quite meet the amount but last couple years always managed at least €3,500. Now that's on top of other savings so lucky to be able to give this a go too

Graham

Warning: *AER shows you what the interest on a savings account would be if the interest was compounded and paid out to you each year (instead of monthly or over any other period). You may earn less than the AER because your money may not be invested for as long as a year.

Warning: All rates shown and interest achievable are indicative. Information is correct as of 23/06/2025.

Warning: By choosing a savings account which is not subject to withholding tax, you will not be liable to pay any such tax in the country where the bank is based. However, you must declare any interest earned in your Irish tax return.

Warning: askpaul does not accept, hold or transmit client funds as part of the deposit referral service. askpaul provides an optional service to the customer in relation to deposit products via referral to the Raisin platform, which is free of charge. askpaul does not engage in any advice or recommendation vis-à-vis the customer regarding the type or suitability of deposit products. Having quick and easy access to an emergency fund via bank deposit or other such accounts is a vital part of any personal financial plan.

Warning: Interest earned may be subject to Deposit Interest Retention Tax (DIRT).

Why work with us?

Work with Ireland’s leading financial advisors to make your money work smarter, harder and go further.
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