Can you imagine saving $50,000 in just 52 weeks?!
Some savings challenges feel like they stretch you. But this one is basically making you go the distance!
Does saving that much money in such a short amount of time may seem crazy, or even impossible?
I get it! But doing a savings challenge, with an accompanying tracker, can really help you stay motivated and be successful with the goal.
Today we are going to talk about the 52 week challenge AND how you can accomplish this particular one with a fun tracker.
What is the 50000 in 52 weeks challenge?
Basically, the 50k in 52 weeks challenge is the Superman version of the original 52 week savings challenge.
In the original challenge, you save $1 the first week. The second week you save $2.
You keep saving one more dollar each week until, at week 52, you save $52.
If you accomplish the original 52 week savings challenge, then you will have saved $1358.
Not bad for a fun savings challenge.
But, this challenge is like a SUPER boost to that one.
Because instead of saving $1358 over the course of the year… you save $50000!
You will still save smaller amounts over time. But those smaller amounts will add up fast.
And we HIGHLY recommend placing each week’s savings into a designtated spot, like a high yield savings account.
How does the $50000 in 52 weeks savings challenge work?
First make sure to download a copy of the $50000 in 52 weeks printable here and print it out.
Then, put it in a place where you will see it often.
Doing so will help keep your goal visible and top of mind, which will help you stay motivated.
Next you want to decide on your start date. You can start this challenge ANYTIME (no need to wait for a New Years Resolution to do it).
Now, you are ready to save your first weekly amount.
Check out the amount next to week one. That is how much you need to save. On our tracker, that would be $250.
Add that amount to the designated place mentioned above, like an HYSA.
Once you have saved the designated amount, check off the week 1 box, so you know you have saved for that week.
The next week, save the amount for week 2. And follow the above steps.
The tracker will let you know exactly how much you need to save each week, AND how much you have saved over all.
Keep going until you have saved for each week and saved $50,000!!!
Final Thoughts on the $50000 in 52 weeks challenge
Saving a large sum of money can be hard, and take time.
And this challenge definitely makes you got full out!
But with a challenge, and tracker, like this one, you will be organized and motivated to keep going.
You will have that life changing amount of money in no time!
What are you waiting for? Download your challenge tracker today and get started!