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You want to save as much money as you can this year. You need a money saving challenge that you can actually follow through to accomplish this and save over $2000 this year.
If this is you, this 52-week money saving challenge is exactly what you need.
Why bother with this 52 weeks money saving challenge?
Saving money is an amazing thing. It helps you to be able to have some money tucked away in the event of emergencies, save for a family trip, save for the next big holiday and so much more.
This is why it’s a good idea to try some sort of personal money saving challenge each year. Not only will this help you to ‘challenge’ yourself, but it will also help you to develop the habit of saving which is a great habit to have.
Often times, we spend our money mindlessly throughout the year and regret it, this challenge is a way to get you to think before you buy things so that you can be able to save every week without fail.
Money saving challenge chart to help you save $2425 in 1 year
Doing this challenge will help you to finally take control of your money and create a habit of saving throughout the year. Just imagine how good it will feel for you to know that you have an extra $2425 saved up!
Unfortunately, many of us fail to save any money throughout the year because there is always so much to do or so many things to pay for. This year, make it a plan intentionally put aside a certain amount of money every week.
Note: You don’t have to start the first week of the year, you can start this 52-week challenge today if you choose and see it through for the next 52 weeks!
Note: With this 52-week money saving challenge, you’ll be saving an average of $6 per day or $202 per month to accomplish your goal of $2425 at the end of the year. You can do this!
Money saving challenge: Useful tips for success:
When starting any savings challenge, it will benefit you to make extra money on the side. It is also a good idea to find ways to save as much money as you can. The tips below will help you find some great ideas.
Find ways to make extra cash. Surveys are a great place to start.
Here are a few free survey sites to try out for extra money:
Pinecone Research -With Pinecone you have the opportunity to evaluate products before they hit the shelf and help shape the products THEY might buy! You will earn $3 per survey too!
Global Test Market – GlobalTestMarket is an industry leader in online research panels, where members are invited to participate in online surveys on numerous topics, and in return are eligible for cash or regular and frequent entry into sweepstakes.
Lower your bills with trim
Using this free app, you can save hundreds of dollars every month. The trim app is a simple app that acts like your very own personal finance assistant to save you money. All you have to do is link your bank to Trim and the app will securely connect your accounts, analyze your spendings and automates ways to save you money by finding recurring subscriptions that you need to cancel and canceling those subscriptions, negotiating your cable bill, finding you better car insurance, and so much more. Did I mention this app is both free and easy to set up. Simply by using trim, you can save at least $100 every month that can then go towards your savings challenge.
Make extra cash in your spare time with instacart
With instacart, you will be responsible for deliveries fresh groceries to people who do not want to do their own shopping and you get paid for this. Many people can’t be bothered to shop for their own groceries, with instacart, you can become a shopper and make as much as $12 per hour shopping for other people.
The best part is that this Side hustle is very flexible so you can make it work for you. If you want a simple way to make extra money for your savings challenge, you really need to check out instacart.
The other great thing about instacart is the fact that you can oath be a full-service shopper meaning you will be responsible for both shopping and delivering groceries, or you can choose to be an in-store shopper if you don’t have a car and still get paid in your spare time.
Once you’ve made this money, make sure a least a portion of it goes towards your savings challenge.
Other things you can do to stay on track with this savings challenge.
Try to spend less money on things you don’t really need and put that money toward your saving challenge each month. Last year, I saved an average of $70 every month just by cutting out small things that I did not need like coffees, drinks, buying water etc.
Start a savings account that you cannot make withdrawals from so that you’re not able to use this money as the challenge progresses and the money starts to add up.
Follow these tips and you will do great through this savings plan.
What you shouldn’t do during the money saving challenge
- Do not forget to set reminders
- Do not treat this as a mere option. Instead, make it a priority. I will go as far as to say, make this a habit in your life. How do you do that? Make sure you minus the amount you need to save each month from your monthly earnings.
- Most importantly, Do not use this money for anything until the challenge is over. Thank me later.
52 week money saving challenge printable
Ready to start your money saving challenge, click here for the one year money saving challenge to download the pdf.