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Popular Money Challenges that Could Help You Save During these Tough Financial Times.

Motherhood Life Balance

I came across this article and thought it shared some excellent ideas on how to save some money with popular money-saving challenges. I hope you enjoy them.

A money saving challenge makes saving fun again. The Biweekly Money saving challenge is a great one to start with.

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There are many versions of this challenge. You can start with a small savings amount, like $3 or $4. If you choose the first amount, put $3 away in savings the first week.

Week or Biweekly Savings Challenge

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Number 100 envelopes from 1-100. Each day, put in the amount of cash listed on the envelope. By the end of 100 days, you’ll have $5,050 stashed away.

100 Envelope Challenge

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The holidays sneak up on us quicker than we think. If you’re planning your annual budget — try setting up an account or an envelope for gifts.

Holiday Helper Fund

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The concept is simple. You set aside $1 at week one. Then $2 at week two. By the end of 52 weeks, you’ll have saved $1,378.

52-Week Savings Challenge

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The No Spend Challenge

Pick a week or weekend and spend money on only necessities in a timeframe (like a month).

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