Show me the moneyyyyyyy! (In my best Jerry Maguire imitation ever)
In my quest to find new and improved ways to save more money I stumbled upon 10 amazing money challenges that will help you save up to $10,000 this year.
These money challenges are easy, fun and so simple that you won’t even know that you are saving.
Keep reading below where I share with you these genius money challenges that will jumpstart your savings today!
Are you looking for more ways to save money this year? These 10 money challenges are super fun and easy! You’ll be saving big bucks in no time. Check out the list below and let me know what you think.
10 Incredibly Genius Money Challenges
1.Save up to $1,378 this year starting with just $1.
According to The Extra Income Project, their 52-week savings challenge starts off very simple. For the first week you put away $1, the second week $2, the third week $3 and so on until you’re up to $52. By the 52nd week of doing this unique saving method, you should have saved $1,378. And to think it all started with just $1! You can read more about this amazing money challenge here.
2. Save $2700 this year by skipping your morning latte.
On Making Mrs.M, Jaelen describes the method she used to save $2,700 by taking each corresponding week of the year and saving that amount times 2. For example, the first week of the money challenge she saved $2, for the second week she set aside $4 and so on and so forth. Really easy right? Read more about her special money challenge here.
3.Save $500 in 12 weeks for a vacation.
Alexis of Fitnancials describes a money challenge that allows you save up $500 in just 12 weeks, This challenge is perfect for someone who has an upcoming vacation and would like to save a reasonable amount of money in a short amount of time. With this method you are saving increments of $20-$70 but perfectly spaced so that you are not saving huge chunks of money at once. For more details on this method check it out here.
4. Save $5,000 in 26 weeks with this savings method.
Larrisa Swaney does a wonderful job of detailing how you can save $5,000 in 26 weeks by taking a small percentage of your bi-weekly checks and setting it aside.This a perfect challenge for those looking to save a large sum of money such as for a down payment on a house or car. You can check out this post to learn more.
5.Save $1,456 this year by saving by the day.
This challenge goes a little like this, for each day of the week starting with Monday you save $1 all the way up to $7 on Sunday. So each week you will be saving about $28. Doing this for an entire year will save you a grand total of $1,456! How sweet! It all adds up perfectly. For more details on this money challenge read this post.
6.Save $500 in just 30 days.
Who wouldn’t like an extra $500 dollars in their savings account? With this 30 day method you save the dollar amount for the corresponding day of the week starting with day one with $1, day two with $2 and so on until you hit the 30th day with $30 to set aside for savings. After doing this for a month you should have saved about $495! You can go here to read more about this fantastic money saving challenge.
7.Save $2,000 in 12 months by doing this.
Can you imagine what you could do with an extra $2,000 this year? From $50 up to $150, you will set aside various amounts from your bi-weekly checks to ultimately reach an end goal of $2,000. This is a perfect savings plan for those that prefer the slow and steady approach to saving without hindering their current income. For more details on this money-saving method click here.
8.The simplest way to save $800 in 4 months.
This is a great way to start an emergency fund in just 12 short weeks. Starting with a small deposit of $20 and ending with a deposit of $100, you will have saved $800 without even knowing it. I love how Like a Bubbling Brook breaks down this money challenge into simple easy to understand steps in this post.
9. Save $3000 in no time with this money challenge.
Starting with just $40 every other week, you can save up to $3000 in year. This is more than enough money for a vacation, down-payment or solid emergency fund. You just have to stick to the plan. Do you think you can make it happen? Read more on how to get started on this awesome money challenge here.
10.Save $10,000 in 52 weeks made super easy.
For saving large amounts of money, this money challenge is simply amazing. In just a year you can save $10,000 by saving between $125-$300 every other week. By doing this you are taking a small percentage of your take home pay and stashing it away to meet your end goal of 10,000 big ones. Can you imagine doing this for 2-5 years? You can save up $50,000! Read this post to learn more.
Are you up for the challenge? Which money challenge are you going to start today? Let us know by commenting below!
If you liked this post, remember to share with your friends! I’m pretty sure they would like to save some money too 😉