|
|||||||||||||||||||||||||||
SAVE MONEY WITH THESE CHALLENGES Regardless of your personal or family situation, we all love saving money. Here are a few money challenges you can try to fill up that piggy bank! 52 WEEK MONEY SAVING CHALLENGE The 52-week challenge is very popular, partly (in my opinion) because of its simplicity. Throughout the 52 weeks, you will be gradually increasing the amount that you save each week. The first week you’ll save $1. The second week you’ll save $2. The third week, $3. And it goes on like that until you save $52 in the final week. If you complete the challenge, you will have saved $1,378! 52 WEEK MONEY SAVING CHALLENGE - DOUBLED If the 52-week challenge seems to easy, another option is to double it. If you've been saving for a while or if you have more disposable income, this one may be realistic for you, and it will allow you to save a lot more money. With this version, you simply double everything. The first week you'll save $2, the next week $4, and so on. By the end, you will have saved $2,756 PENNY CHALLENGE This is also called the 365-day money saving challenge. You start by saving a penny the first day, and increase the amount saved by a penny every day. The final day you'll save $3.65. Throughout the course of a year, you can save up to $667.95. TWICE MONTHLY CHALLENGE If you get paid twice per month this is a great option for you. With this challenge, you will be saving a specific amount of each paycheck. Amounts are shown in the graphic below.  NO SPEND CHALLENGE The great part about this challenge is that you can set term length. Most people start with one month, but maybe two weeks sounds better to start, or you'd like to challenge yourself to a six-month term! You challenge yourself to not spend anything outside of necessities. The details are up to you, but set your rules and follow them. SPARE CHANGE / ROUND UP CHALLENGE This one is super easy for anyone that handles cash. Just save all your spare change / coins at the end of the day. Another option is to use an app to round up all your purchases to the nearest dollar, saving the difference in a savings account set up specifically for this purpose. This option works great if you use a credit card more often than cash. For more, visit vitaldollar.com |
|
||||||||||||||||||||||||||
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
||||||||||||||||||||
