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Popular Money Challenges that You Can Try After the Holidays
Motherhood Life Balance
I recently came across this article and thought it shared some excellent ideas on how to save some money with popular money-saving challenges.
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A money saving challenge makes saving fun again. The Biweekly Money saving challenge is a great one to start with.
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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
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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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