If you want a motivating money challenge to do in 2022, this 52-week “2X savings challenge” is worth it to try!
The “52 week savings challenge” is popular for many people to search on Google when they want to save up some money over the year. You can save a lot of money within a year!
You are likely to be someone who wants a way to save up cash (that won’t be too difficult) and you want a money challenge that is motivating enough to stick to it!
I introduce to you this easy 52 week money challenge!
This article will go through how you can follow this year-long money challenge and how to have success with this challenge!
PLUS you can download a FREE money savings challenge printable below for free! (Read the article below to download your free PDF)
This table shows you how much money to set aside each week for the 52-week “2X money savings challenge”:
| Week 1 | $2 | Week 14 | $28 | Week 27 | $54 | Week 40 | $80 |
| Week 2 | $4 | Week 15 | $30 | Week 28 | $56 | Week 41 | $82 |
| Week 3 | $6 | Week 16 | $32 | Week 29 | $58 | Week 42 | $84 |
| Week 4 | $8 | Week 17 | $34 | Week 30 | $60 | Week 43 | $86 |
| Week 5 | $10 | Week 18 | $36 | Week 31 | $62 | Week 44 | $88 |
| Week 6 | $12 | Week 19 | $38 | Week 32 | $64 | Week 45 | $90 |
| Week 7 | $14 | Week 20 | $40 | Week 33 | $66 | Week 46 | $92 |
| Week 8 | $16 | Week 21 | $42 | Week 34 | $68 | Week 47 | $94 |
| Week 9 | $18 | Week 22 | $44 | Week 35 | $70 | Week 48 | $96 |
| Week 10 | $20 | Week 23 | $46 | Week 36 | $72 | Week 49 | $98 |
| Week 11 | $22 | Week 24 | $48 | Week 37 | $74 | Week 50 | $100 |
| Week 12 | $24 | Week 25 | $50 | Week 38 | $76 | Week 51 | $102 |
| Week 13 | $26 | Week 26 | $52 | Week 39 | $78 | Week 52 | $104 |
1. Think About Your “Why”
Before starting the 2X Money Challenge you need to think about why you are doing this money challenge.
If you want to successfully make it through an entire YEAR of a money challenge, you need to have some sort of motivating factor pushing you along.
In the 2X money challenge you will accumulate $2756.
Think about that what could you do with that money! Maybe you want to take your family on a road trip vacation, or you want to be able to afford to have a lavish Christmas. Or maybe you want to save up for an emergency fund or a sinking fund!
Check this out!: You may also love this money challenge to save a whopping $10,000!
2. How the Money Challenge Works
What’s great is that all you have to do is set aside a set amount of money one time a week for each week of the year. There are 52 weeks in a year, so you’ll set aside money 52 times throughout the year.
In the original 52-week money saving challenge you put aside the amount of money that equals the week of the year.
As in, for week one you would set aside $1.00. On week two you’d put aside $2.00. On week three it would be $3. Week 52 would be $52. You get the idea.
However, this challenge is “2X”! It is double the amount and this 52-week money challenge is for those of you who are more motivated to save up cash!
What this means is you would need to “2X” or double the amount of money that you are setting aside every week.
On week one of your money challenge, you will set aside $2. On week 2 to you will set aside $4. Week three would be $6 and so forth.
3. The Reverse 2X Money Challenge
Just like in the original 52-week money saving challenge where you save around $1300, you can also reverse this method!
What that means is you can set aside the amount of what week 52 would be for week 1.
Sometimes this makes more sense listed out like this:
- Week 1: $104 (see Week 52 in the table above)
- Week 2: $102 (see Week 51 in the table above)
- Week 3: $100 see Week 50 in the table above)
In the “Reverse 2X Money Savings Challenge”, the total amount of money that you set aside goes down each week.
One of the biggest reasons people prefer this reverse method is because it can be much easier to build good savings habits because you would be very motivated at first, and it gets easier as you go on.
4. Tips for Success With This Money Challenge
Money challenges are fun but I’ve listed some important tips below so you can have success this next year!
Tip #1: You do NOT have to start the 52-week 2X money challenge on the first week of the year! You will see in the downloadable PDF that the “Week” is blank for you to fill in each week. The first week you begin can be simply listed as week #1.
Tip #2: If you choose to not download the FREE printable for this money challenge, screenshot the table above and put it in your phone’s saved folder to remember how much to set aside each week!
Tip #3: Use physical cash! You’ll find that money challenges are much more motivating when you use cash envelopes or money jars.
Tip #4: Get your family on board! Money challenges are much more fun when it becomes a competition or your whole family chooses a goal together.
Summary
This 52-week 2X money savings challenge is a fun and motivating way to save up to $2756 in 1 year!
This money savings challenge works by setting aside a certain amount of money one time a week for a total of 52 weeks. What’s great is that this money challenge can also be reversed!
If you want to learn more about money challenges, check out my YouTube channel for dozens of videos about how to save money, budgeting, and more money challenges!
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