Multiply it by 4 and deposit that much into your account! 10. Living in Arizona, this blogger deposited as much as $105 some weeks.ĭon’t want to make weekly deposits? Then look back at the end of the month for the average high temperature each week. If you live somewhere mild, this will be easy. Once a week, you deposit money into savings that matches the high temperature that day. This is a really fun challenge that is really random! This blogger in Arizona came up with this idea. You’ll be surprised just how much money you can save! 9. Count it out at the end of the year and use it on something FUN. If your envelope becomes too large, then consider adding all your$1 bills to a large jar. This challenge works best if you already use the envelope system. Every time you get a one dollar bill as change, put it in your savings envelope. The $1 bill challenge is super self-explanatory. When you look at those numbers, they seem so doable! The best thing is that when you add it all up, the total you will put into savings will be a whopping $3,300! 8. Then by the last day, you will deposit $18.40. This post explains how to do the challenge in detail.īasically, you add a nickel to the previous day’s savings every single day. This challenge is for anyone that feels overwhelmed making weekly or bi-weekly deposits – and you end up saving even more money with it. You simply increase the amount by $4 every two weeks, then you can enjoy watching your savings account grow. This is a better idea if you prefer to deposit money into savings on the same schedule as your paycheck.īy the end of this challenge, you could save $1,404 – it takes a year, just like the 52-week challenge. Instead of a weekly challenge, this one challenges you to save money every-other week. If you want a free printable, A Helicopter Mom has one that is easy to follow and will help you stay on track. Keep doing this until week 52, when you will put $52 into savings! If you follow this correctly, at the end of a year, you will have saved an additional $1,378. This is probably one of the most popular savings challenges on this list. You can even set aside your money in a Christmas Cash Envelope. By the end of November, you will save an extra $960 on a bi-weekly budget. You can use this for holiday gift buying, or use it to save up for a vacation or another major expense. Starting January 1, set aside $20 from each week’s budget and put it into savings. This is a way to get ahead of the huge expenses of the holidays. You also have to cut back on spending a certain amount over this time frame too. You have to put a set amount into savings each week. The Soccer Mom Blog has all the details – and it has two parts. With this challenge, you’ll save $1,000 in 8 weeks instead of all year long. You can complete this challenge in just two months – talk about instant gratification. This is a great way to save money because by the time the holidays hit, you’ll be able to pay for Christmas gifts! 3. This is how it will look:Ĭontinue that pattern and decrease the amount you put away by a dollar each week. Turn this challenge upside down and do it backward. By the end of the year, you would have saved $1,378. The typical 52-week money challenge is where you save $1 the first week, $2, the second week, and so on. ![]() ![]() Try it for a month or start out with just a week.Ī post shared by Allison Baggerly 2. You can do this for as long or as short of a time period as you want. It’s like fasting, but with your spending habits. I’m talking about money beyond the basics of food/house/gas. I wrote a guide to the No-Spend Challenge that lays out how to do it and get the most out of it.Īt the most basic level, a no-spend challenge is where you go for a set amount of time and don’t spend any extra money. The No-Spend Challenge is one of the most popular money saving challenges you will find. The good news is that it’s never too late to get your finances in order! 1. Invite them to save money along with you. You’ll be even more successful if you do these challenges with your family and friends. Read through all of them and pick out the ones that sound the most enjoyable to you. If you want to kick your savings into high gear, these challenges are where you need to start. Built with ConvertKit 21 Money-Saving Challenges To Try in 2022
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