Figuring out a good way to start saving money can be really hard, especially when we feel like money is tight. A money saving challenge is a great way to kick-start your savings!
Please feel free to print off this 10-week money saving challenge sheet and post it somewhere where you see it every day.
There are tons of different reasons why you may want to do a money saving challenge. You could be saving up money for Christmas, you could be saving up for a big trip, or just trying to build up your emergency fund.
There is no wrong reason to try a money-saving challenge, all the reasons are the right reason.
So, let’s talk a little bit about the psychology around this short 10-week money saving challenge. I decided to have it start out at only $50 because $50 isn’t that much money for most people. Most of us are able to put $50 aside for the week and not feel it at all.
Every week the amount increases by $25 until week 5 when it hits $150 and then it goes back down by $25 a week. I did this because it’s always nice to feel a little struggle to put money away and then have that next week be super easy.
If you’re going to attempt this short saving challenge, please leave me a comment and let me know! I’d love to talk to you again in 10 weeks and see how far you made it and if you succeeded in saving the whole $1000.
Are You Looking for Bonus Ways to Save?
Since you’re here and looking for a money saving challenge, I assume that you are looking for ways to save money each and every day so we decided to add a few of our favourite services that can help you save money each and every day.
Rakuten is awesome because they give you cash back on purchases you make online. They have websites like amazon, walmart, sephora and so many more and they pay you out quarterly! It’s awesome!
Honey is a free browser extension that searches the internet for coupon codes when you’re shopping online. It can help you save hundreds of dollars on purchases you already have to make!
Paribus is a free service that was created by Capital One. They will connect to your email and check out your receipts and see if any companies owe you cash back. This could be from a price drop or a late delivery and they will do all of the work for you!
Nothing about a money saving challenge is revolutionary but it can be a really simple way to save money and change how you think about how much money you save and hopefully change some of your habits for the future!
Save it on Pinterest!