There are several versions of the 52 week saving challenge floating around on social media.
All of them are great ways to help you save money, and make the process of doing so fun–breaking down the process into small, manageable savings goals.
Today I want to introduce you to a new version of the 52 week challenge. I call it the double reverse 52 week challenge!
What is the Double Reverse 52 weeks saving challenge?
I have written about the reverse 52 week challenge before.
In the regular reverse challenge, you save the higher amount of money at the beginning of the 52 weeks.
So on week one you save $52 (whereas in the original you save $1 during the first week).
Doing the challenge, saving the amounts in reverse, allows you to save the higher values early in the year.
This means that you do the challenge during a time of the year that is less expensive overall (ie NOT during the holidays).
So the double reverse challenge is similar, but adds an extra level of difficulty to the challenge overall.
Instead of saving $52 the first week, you actually save $104! So by the end of the challenge you have saved $2756.
How to do the double reverse 52 weeks challenge?
First you want to pick your start date. You can start at ANY time during the year.
Then, the first week, you set aside $104 to save for that week.
Make sure to put the money in a safe location or in a separate savings account/saving account bucket.
Next, during the second week, you save $102 and add that to the savings from the first week.
Continue to save $2 less each week, so that the final week of the month you save the last $2 of the challenge.
How to keep track of your challenge progress?
This challenge does last a full year, so keeping track of how much you need to save each week is going to be critical for success.
That is why we created a printable tracker, specifically for this savings challenge.
To use this tracker with the challenge, simply download the file, which you can get here.
Next print it out and place it somewhere you will see it often, so you can be reminded of your goal and help you stay motivated to keep going.
Each week, once you have saved the designated amount, mark off the week/amount on the tracker.
Keep saving and marking off the spot on the tracker until the challenge is complete.
This tracker is going to make it SO EASY to keep up with the challenge, and know how much to save each week.
No guessing or going back to past weeks to see how much you saved last time.
No counting the week on the calendar to see what week you are on and calculating the amount that way.
You will be able to simply look at the tracker and see what you did last time, and know what you need to do this time.
Plus, you will know exactly how much you have saved, and how much more of the challenge you have do, all at a simple glance to the tracker.
Final Thoughts on 52 Weeks Saving Challenge
We love using a tacker to help with a savings challenge.
They truly make a savings challenge more fun to accomplish and easy to complete overall.
Make sure to get your own copy of the Double Reverse 52 Weeks Saving Challenge tracker here and start saving today.
You got this!