Ah, saving money is always one of those things that are hard to start, get messy while in the process, but the rewards are absolutely stunning.
I mean, who doesn’t enjoy piling up some cash in their savings? One way to do it through the boring monthly savings where you transfer a specific amount of money on a particular date… The other is to go for some different money-saving challenges that will get you similar (even better) results without boring you at all.
What are money challenges?
Money challenges are developed money-saving plans for putting aside a different amount of money in a different amount of time. Many saving challenges are a month, half a year, or a year long. According to the challenge’s instructions, all you have to do is follow the instructions and put money in a saving account (or a piggy bank).
Disclosure: This post contains affiliate links, which means that if you sign up or make a purchase I might get a small commission at no extra cost to you. Thank you for supporting my business. See full disclosure.
What is challenging about money challenges?
While most of the money challenges are fun and easy to like, they are just half of the equation. It can be hard to save money on a regular and here are a few reasons why:
- You’ve never done it before – if you’ve never saved money in your life, it will be hard to stick to it at first. I would advise starting small and choosing a month-long challenge that will help you develop the habit of saving money.
- Your income is inconsistent – If you work part-time or seasonal jobs saving money through challenges is a challenge itself. The best option is to choose some of the creative challenges in the list below so you can be as flexible as your life.
- Your income is very low – This one is tough because you already struggle with paying for regular monthly bills. Yet, I congratulate you on making the decision to improve your financial situation. Your best option would be to start with building an emergency fund before going for a money challenge. If you already did that, choose a challenge that requires more discipline than actually money-saving. This will give you confidence and time actually to improve your income.
It all starts with your money habits
It all starts with your money habits. Your financial situation has little to do with your spendings. Your money habits are what matter the most at any point in your financial journey.
And if you wish to pay off your debts, have an emergency fund, and not struggle with monthly payments, then you want to work with your habits and improve them. After working for 10 years in different banks and gathering valuable information on what fails people money-wise, I’ve come up with 20 money habits essential for your financial success. This 28-pages mini-e-book is ready for you, and it costs less than a cup of coffee. Click here to get the book for a whopping $5 only.
Over 100 Different Money Challenges For When You Get Serious About Your Savings
I love money challenges as they help you build the habit of saving on a regular basis and that makes you disciplined and confident.
Therefore, I reached out to some of the best money bloggers on the web – the real people with real jobs and real bills to pay. I asked them to share their money challenges so you could find the perfect challenge that will get you to a better financial place.
I hope you enjoy them and don’t forget to share them with others.
Saving Money Like a Boss
Awesome Money Saving Challenges To Start Today!
Be it a six-month challenge or a year-long; in this post, you will find 9 different ways you can set aside money every day or every week.
Each one of these challenges gives you an alternative if the challenge itself is too tough for you. Adjusting money according to your needs is so vital and sets you up for success.
52 Week Money Saving Challenge Free Printable
Take the 52-week saving challenge to another level with these gorgeous suggestions by MaplePlanners. Adjusting the good-old challenge to how much you can afford to pay is what will eventually lead you to success.
How A No Spend Challenge Can Change Your Money Mindset
Your money mindset is essential no matter if you save money by putting them aside or you just don't spend them. It's kind of the same thing, yet it's different.
Having the right way of seeing your money (money mindset) will fail your financial goals or lead you to financial freedom. Yes, it's that big of a change.
When people say, "mindset is everything," you want to believe it. Kristie from SavingDollarsAndSense will teach how to approach a no-spend challenge no matter how long you do it. Because it's not about the money, but about you.
Free printable included in post.
10 Easy No-Spend Challenge Ideas to Save a Ton of Money (2021)
With a free challenge printable tracker, LogicalDollar is the place to turn toward if you need even more insights on no-spend challenges. 10 different ways to stop your money getting away from your pockets.
No Buy Challenge: Complete Guide on How to Not Spend Money
You may see this as just another no-spend challenge, but this post looks over the hurdles you will go through if you choose this challenge and give you enough tips to remove all of your excuses not to do it.
The 365 Day Penny Challenge Reversed
Probably considered as the most popular money challenge on the web, the 365 Day Penny Challenge is perfect for you if you're looking for low-investment easy to do challenge.
$1,000 Savings Challenge
Having $1000 in savings is probably the hardest challenge as it's usually the first. Building an emergency fund or saving for a holiday (or any other event) requires a different mindset and sticking to habits that make you succeed.
What You Can Do In 1 Month To Save Money & Transform Your Finances: WEEK 1
4 weeks to making smarter financial decisions. OurLifeOnFire is the place to go through a 4-week money challenge that doesn't just help you pile up some extra cash, but improves your money habits, cuts your bills down, and points you in the right direction to making smart choices.
More Fun Ways To Save Money Starting Today
21 Money Saving Challenges to Try in 2021
Vacation Savings Plan, Holiday Helper Fund and Weathe Savings are just a few of these fun 20+ different money saving challenges. You get all you need - printables, tips and fun ideas to tweak according to your needs.
10 Money Saving Challenge Ideas To Try In 2021
Another batch of fun money challenges that will get you excited about saving (or not-spending in some occasions). From ways to increase your income to No-New-Clothing and reduce Expences challenge to the classic 1-month challenge - you have it al here to give your dollars job.
37 Easy Money Savings Challenge for 2021
Generic Brand challenge, Pantry Challenge and Bank Fee Challenge are just a few of the 37 options you will get in total in this post. Smart ways to leave all the excuses aside and find the best way to actually be in control of your money.
20+ Money Saving Challenges to Supercharge Your Bank Account
Over 20 challenges + free printables are waiting for you on MoneyForTheMamas. $1 Bill Save challenge, $5 Bill Challenge, Spare Change challenge and Hobby Swap challenge are one of the best on the list, but there are many more for you. Hop on to see them.
7 Money Saving Challenges to Jump Start Your Savings
Jump start your savings with any of these 7 gorgeous money challenges. Make it fun, make it affordable, but most of all - make it work.
Eight money-saving challenges
In a fun and brilliant way these 8 money challenges will give you the most straightforward information on how to save from $300 to $1500 in just one year or less.
These Monthly Money Saving Challenges You Need to Try
With various amounts to save, these monthly money challenges are perfect no matter at what stage of your saving journey you are at.
Ready To Save Even More?
10 Money Challenges That Will Help You Save More Challenges To Do
Debt repayment challenge, Jar challenge, The Weekly challenge, and 7 more fun and creative money challenges to make saving cash easier than you thought.
12 Money Saving Challenges to Kickoff 2021
The Penny savings, No-spend challenge, Sell it Saturday challenge, and Breaking bad habit challenge are a few from this list with 12 money challenges. Fun to do, creative, and most of them come with a challenge tracker for you. Ready to finally do this? Start saving now!
More on different money challenges
Did you choose your perfect challenge?
Sticking to a money challenge is hard mainly because you also say No to spending by saying Yes to saving. The adjustment period might take a week or even a month, but it’s worth it. Getting your life together doesn’t always mean a clean kitchen and an empty laundry basket. It also means smart choices regarding where and how you spend your money. Don’t forget to get your e-book with 20 Smart Money Habits for $5 only by clicking here.
Did you enjoy this post? Share it with others!
Over 100 Money Saving Challenges To Try This Year
Blogger, dreamer, procrastinator, and lover of everything soul-touching. My mission is to make you laugh, provoke your thoughts, light up your day and inspire you to fall in love with life and yourself.
