5 Money Savings Challenges to Try This Year

Money isn’t the easiest thing to find for many people these days. More than two-thirds of Americans say they live paycheck to paycheck.

So it’s not surprising that saving money is a top priority for many people. But,  even if you know you need to save money, it can be tough figuring out how to do it, especially when your income is already stretched thin.

That’s why we’ve come up with a list of five money-saving challenges to try this year. These challenges aren’t easy, but they will help you save a lot of money if you stick with them.

Save $1,000 in 30 Days

To save $1000 a month, you’ll need to save about $33.33 every day, $250 per week, or $500 every other week.

This money-saving challenge is a pretty lofty goal, but it’s doable if you’re willing to put in the work. The easiest way to save $1,000 in 30 days is to make small changes to your spending habits, such as:

These are just a few examples, but there are endless ways to save money if you’re creative and willing to make small changes in your spending habits.

Try implementing a couple of these ideas each day and watch how quickly your savings can grow!

52-Week Challenge

The challenge is simple: you save $1 on the first day, $2 on the second week, and so on until you reach $52 in the last week of the year. This challenge can help you save a lot of money, mainly if you stick to it. You can save $1,378.54 if you complete the challenge!

You can also get creative. You can start with the highest amount and count down, or you can go back and forth. Any way that works for you will be fine as long as it helps you save some money by the end of the year!

$20 Savings Challenge

The goal of this challenge is to save $20 a week. While that number may not seem high, it adds up fast. At the end of the year, you’ll have saved about $1,000!

Follow these four steps to take part in this challenge:

Habits are hard to change, but if you can save $20 a week for the next 52 weeks, it’ll be well worth it!

Roll the Dice Savings Challenge

This money savings challenge is a fun way to save money. The goal is to save as much money as possible by the end of the month. To do this, you’ll need to roll the dice every day, and whatever number you roll, that is how much money you save that day.

For example, if you roll a 3, you tuck away $3.00 into your savings account. If you roll a 6, then you save $6.00!

Here are some other examples of ways that you can adapt this challenge to make it more exciting for you and your family:

Bowl-Grab Challenge

The Bowl-Grab Money-saving Challenge is a great way to motivate people to save money. Here’s how to do it:

This challenge is fun, easy, and tailored to any budget. It’s a great way to get started on your savings journey! You could also use this challenge to save for something specific, like a vacation or a new car. The possibilities are endless! Give it a try and see how much money you can save.

Final Thoughts

Each challenge is designed to help you cut down on your spending and live a more frugal lifestyle. If you can stick with these challenges for an entire year, you’ll be able to see a significant difference in your bank account. So what are you waiting for? Start saving today!


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