18 Fun and Unique Money Saving Challenges for Every Budget (2024)

What is a Money Challenge?

We often hear about monthly money challenges at the beginning of the year when friends are creating New Year’s resolutions, but you can do a financial challenge at ANY TIME of the year.

It’s always worthwhile to build the habit and discipline to save money.

I know it can be hard just to GET STARTED saving, especially if you’re living paycheck to paycheck or have a seemingly untouchable, dream goal of saving for a house.

Just thinking about the act of saving money – it can make you feel…

Anxiety. Tension. Fear. Boredom.

That’s where money challenges come in!

A money saving challenge is fun! It can provide accountability and motivation to get the savings rolling. If you do it with a friend, it can be even more fun and motivating!

Here are 18 unique and easy saving money challenges that can work with any income, budget, lifestyle or timeline.

They’ll help kick-start your goals to the financial future you want!

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18 Money Challenges

1. No Spend Money Challenge

What is this money challenge idea: No spending money over a set period.

Example: No spending money over a weekend, 1 week, 1 month or 1 year. It’s commonly done as a monthly money challenge.

Not buying over a period might seem like an impossible task, but you can give yourself allowances of needs you can spend money on (e.g. toiletries) for flexibility.

Who is this savings challenge for: People looking to change their “consumer” habits and lifestyle. No spend challenges are brilliant for opening your mind up to savings opportunities you never thought would be possible!

If you’re looking for a printable template to help with completing your no spend challenge:

Here’s a no spend challenge printable bundle.

It includes a monthly and annual no spend tracker.

There are also templates to include your no spend ideas so you’ll save that much more money!

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Related article: No buy challenge guide including how to successfully complete one

2. 52 week savings challenge

What is this saving money challenge: Save an increasing amount each week for 12 months.

Example: Save $1 the first week, $2 the second week etc. By the end of the 52 weeks, you’ll have $1378!

Who is this savings challenge for: People who want to slowly ease themselves into building the habit of saving.

Note: If $1 is too much to start with, save $0.50 in your first week. It’s still savings!

If you’re looking for a template to track your savings over 52 weeks:

Here’s a 52 week savings challenge spreadsheet for Google Sheets. Here’s the Excel version if you’re interested in that instead.

Included are 4 types of 52 week savings challenges!

It’s a digital download so you can have instant access.

Use code SALE10 to get 10% off any of the Mom Money Map shop’s products!

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3. Reverse 52-week savings challenge

What is this money savings challenge: Save a decreasing amount each week for 12 months.

Example: Save $52 the first week, $51 the second week etc. By the end of the 52 weeks, you also get $1378.

Who is this money challenge for: People who want to jump into savings quickly because they like getting the hard stuff out of the way and are motivated by larger savings.

If you put your savings in a savings account or another investment, you’ll earn more money in interest overall with the reverse vs. the regular 52 week savings challenge.

4. Saving Coins Challenge

What is this challenge: Save only your change!

Example: Save coins/change when you get it.

Who is this money challenge for: People who don’t want to feel locked into saving regularly.

If you just so happen to get some spare change, you can put it straight into the piggy bank and feel like you’ve done your part!

You might not save very much, but it’s a good baby step to your next money saving challenge!

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5. No Take-Out Money Challenge

What is this savings challenge: Don’t eat take-out over a set period.

Example: No eating restaurant meals or take-out for a month. This means you have to meal plan for 30 days!

Who is this savings challenge for: People who know that take-out eats a huge chunk of their pay!

They recognize they’ve developed a habit of eating out regularly and are motivated to stop.

Related article: How to save money on groceries

6. Bad Habits Money Jar

What is this saving challenge: Is there a habit you want to change like swearing, smoking, being late to an appointment etc.? Put money into a jar every time you do that habit.

Example: Put $1 into a jar every time you do your bad habit.

Who is this saving challenge for: People who have a bad habit they want to change.

This is a tricky one because if you are motivated to change, it’ll most likely result in little to no savings in the jar.

This is more of an additional challenge to add to another primary money challenge.

7. No Name Brand Money Challenge

What is this save money challenge: Don’t buy any name brand goods for a set time period and instead buy generic as it’s usually cheaper!

Example: Only buy generic or store brand products like “Great Value” at Walmart, “No Name” at Loblaws stores, or “Selection” at Food Basics for a month. Examples of name brand products include Heinz, Green Giant, and Philadelphia (cream cheese).

Who is this saving challenge for: People who are willing to try similar substitutes of foods. It’s always good to step outside of your comfort zone and try new food!

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8. Sell Your Stuff Challenge

What is this money challenge idea: Sell 5 things from around the house.

You will reach a point where you can’t cut or change any more of your expenses to save money.

The only way you can increase your savings is to make more money.

This doesn’t have to mean getting a pay raise or a new job. You can start small and sell a few things from around the house.

Example: There are a few different ways you can sell your possessions. You can:

  • Post things online for sale on community marketplaces like Craigslist, Facebook Marketplace,eBayand VarageSale. Here are other great apps to sell your stuff online.
  • Host a yard sale and probably sell more than just the 5 things

Who is this savings challenge idea for: People who are motivated to declutter and make a little money from it.

Starting off with 5 things first gives you a small taste for how to do it. You can increase to 10 things as you get more comfortable.

9. Make extra money challenge

What is this money challenge: Make an additional $100/month from taking on a side hustle.

At some point, you’re going to run out of things to sell around the house and be ready for another challenge.

Example: There are many ways you can make an extra $100. Here are just a few options:

  • Walk or pet sit dogs through Rover. While you could post an ad on Craigslist and do this yourself, the advantage of going through Rover is that you get access to clients and get the “Rover Guarantee”, which is insurance for certain injuries or damages occurring during the visit. Here’s my interview with a Rover sitter who shares her review of Rover.
  • Become a Lyft Driver or deliver food with Uber Eats (You don’t even need a car in some cities. Push bikes and scooters will do!). When you sign up to drive with Lyft, you can earn a $300 bonus after your first 100 rides.
  • Become an Airbnb host. Depending on where you live, you could make $100 in just one night’s stay.
  • Sell your skills through Fiverr. You could sell many different things. I’ve seen people sell photos of their kid holding a sign that says Happy Birthday for $5 and it sells! Digital services like graphic design do really well on this platform.
  • Become a mystery shopper with BestMark and get paid shopping in person, over the phone or online. What I like about BestMark is that some of their mystery shops involve activities you normally do like getting your car’s oil changed or having a meal at a restaurant.
  • Take a survey withSwagbucks, Survey Club orSurvey Junkie (only in US, Canada and Australia). Taking surveys pays little money, but it’s an easy way to make money if you’re watching television or waiting for a bus.

The more options you take on, the faster you’ll get to $100!

Who is this savings challenge idea for: People who want to get a side income.

A side income is a great way to make more money and be less dependent on your full-time job.

It can often be easier to get a side hustle than it is to ask for a raise or get a better paid full-time job.

10. Swap Savings Challenge

What is this fun savings challenge: Trade 5 of your possessions for 5 different things you need. It’s a great way to trade your stuff that’s just collecting dust into necessities you would have to pay for anyways.

Example: Host or attend a swap party. A swap party is when a group of friends get together to trade items.

Since you know where the goods are coming from, you can feel comfortable knowing you’re getting things in good condition. Here are tips on how to host a successful swap partyincluding the rules.

Who is this money savings challenge for: People who want to trade for new things they need without spending money!

11. Regular bills saving money challenge

What is this fun money saving challenge: Lower 1 of your regular bills. You might be surprised to find out that many of your bills are negotiable, even if the companies have rates on their websites. It never hurts just to ask.

Example: This could be your cable bill, mobile bill, insurance etc.

Here’s one way I’ve been able to negotiate my mobile bill:

  1. Look up your mobile company online and see if they have any promotions you can switch to.
  2. Look up competitor rates and see if there’s anything appealing.
  3. Then call the mobile company’s customer retention department (it might be called a different name – it’s basically the department that exists to try to keep customers) and tell them you’re interested in this promotion at their company or moving to their competitor (because they have x promotion happening).
  4. Often, they’ll give you a discounted offer that’s cheaper than what you’re paying.

It’s important that you call them at the right time, which is around 2 months before your contract ends. That’s when you have the most bargaining power.

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Who is this saving idea for: People who feel comfortable negotiating or want to grow through trying to negotiate.

It can be scary the first time you do this. Regardless of if you’re successful or can’t negotiate your bill down, you should feel proud just for trying!

12. Utilities savings challenge

What is this fun money savings idea: Focus on lowering your electricity, gas and water bills. These types of bills are less negotiable, but you can still lower your costs through other methods.

Example: Here are some strategies to lower your utility bills:

  • Get a smart thermostat like the Nest and ensure you’re always setting efficient temperatures in your home. This has reduced our energy bill by at least 10%!
  • Use portable fans like this high performance fan and heaters to cool down or warm up only the room you’re occupying (as opposed to using the thermostat and changing the temperature for the entire house)
  • Use LED Iight bulbs as they use less electricity than incandescent bulbs
  • Use the toaster, microwave or Instant Pot instead of the oven or stove as they’re faster, more energy efficient and save time
  • Wash clothes in cold or warm water and hang dry on anindoor rack near a sunny window or outside (instead of using the dryer). If you have to use a dryer, add a dry towel or a wool dryer ball to the dryer to help absorb the moisture and reduce drying time.

Who is this save money challenge for: People who are motivated to reduce utilities bills. If you implement 1 strategy, while the savings might be small initially, it’s important to think about the total savings over time.

Related article: 60+ Easy Tips to Lower Your Electric Bills

13. Reusable products money challenge

What is this money challenge: There are many products we buy that are a one-time use and then we never use it again. This is a money challenge to find 1 disposable item you can switch out for a reusable item.

Example: Here are a few things you can get reusable versions of to save money in the long-term:

  • Disposable razors: Switch this for an electric shaver. If you want to increase your savings further, share that shaver with your partner!
  • Hair cuts: Get clippers so you can help cut your partner’s hair or he can cut it himself! Hair cuts can cost $20/visit. A good quality pair of clippers can cost less than $50. Getting clippers can result in hundreds of savings each year!
  • Fitness classes: Instead of spending $50+/month on fitness classes at your local gym, check out fitness classes on YouTube. I like playing Just Dance on the Wii and I’m usually sweating buckets by the 3rd song!
  • Paper towels: Use microfiber cloths instead. They don’t scratch surfaces and they absorb quicker.

Who is this savings challenge for: People who are willing to try reusable substitutes. It can take some time to learn new products and change your habits, but stay the course – it can result in huge savings!

Related article: 18 things I stopped buying to save money every day

14. No Car Challenge

What is this saving money challenge: Maintaining a car and purchasing gas regularly can be a huge expense! While It can be difficult to get around to do your errands and get to work if you live far from amenities and in a colder climate, if you can, try not to use your car for a set period.

Example:You don’t have to commit to not using a car for a whole week or month.

You can start with 1 errand like grocery shopping. Take a bus, bike, walk or carpool where you need to go.

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If you can’t use alternative transportation, change your frequency for that regular errand.

For example, instead of going to the grocery store every day, only go once a week. Buy all your groceries in one visit and freeze what you can’t use right away.

Who is this money challenge for: People who are open to being car-free for a certain period or appreciate environmentally-friendly initiatives.

15. Money Diary Savings Challenge

What is this money saving challenge: Record your financial activity.

It can be an eye-opening experience writing down what you spent during a week.

You can see what’s an impulse purchase, what you commonly purchase as a habit, understand the motivation for why you make certain purchases etc.

This reflection process can help you become more aware of where you’re spending money and help pinpoint areas to save!

Example: Record your fixed and regular monthly expenses (e.g. mortgage, property taxes, insurance etc.) and a week’s worth of activities (noting expenses) and reflect.

This concept was made popular by Refinery29. Here’s an example of how people have participated in Refinery29’s money diary entries.

I have to say – when I first found out about their money diaries, I was addicted!

I was reading entry upon entry. It was so entertaining and educational taking a deep look into different people’s lives and what they spend on a daily basis. Their money diaries were so well received, they actually made a book about it.

Forewarning: The book doesn’t just include money diaries – it also includes money advice. If you’re looking for a book just about money diaries, this isn’t it. There are some money diaries sprinkled throughout, but the meat of the book is financial advice.

Who is this saving money challenge for: People who regularly create a budget and review their expenses or are open to doing this.

Going over your expenses and receipts can be a task you dread even though you know there’s value in it.

Creating a money diary can be a fun way to switch things up or ease yourself into the world of budgeting!

16. Water Only Money Challenge

What is this money challenge idea: Drink water only for a week. Water is not only good for you, it’s also a cheap way to quench your thirst depending on where you live in the world.

Example: Try not to drink soda, coffee, tea, alcohol or other non-water beverages for a week. If you don’t already have access to drinkable water, get a filter. There’s a higher upfront cost, but it’ll save you money in the long run!

If drinking just water is too bland for you, add a lemon, berries or cucumber slices. I love the taste of plain water, but adding a punch of fruit is refreshing!

Who is this savings challenge idea for: People who have a preference for drinks other than water. If you get a regular coffee or tea in the morning, this can be a difficult challenge. Take it slowly. Do a water only money challenge for just 1 day to start and go from there!

17. DIY Coffee or Tea Savings Challenge

What is this savings idea: If a water-only challenge is too much of a leap, start with making your own coffee or tea. While going to the coffee shop and having someone else prepare your hot beverage is a nice treat, it can get expensive over time. A $5 coffee 3x per week = $780/year!

Example: Use your coffee maker at home or get an instant coffee and tea maker like a Keurig. It’s just as easy and fast to get the hot beverage you need in the morning.

When you buy your own coffee grounds and use refillableK-cups, you’re saving even more money and being environmentally friendly.

Who is this saving money idea for: People who need that coffee or tea in the morning, but want to save money!

18. Free Entertainment Money Challenge

What is this fun money saving challenge: Don’t spend any money on entertainment for a week.

Example: Don’t spend money on movies, music, or games. Use what you have. For example, use your Netflix subscription, play the board game that’s collecting dust in your closet, read that book you’ve been putting off. If you don’t have anything you’re interested in, go to the library and rent a book or a movie.

You can also check out free events in your community or go to the park.

Who is this money challenge for: People who are up for the challenge of finding free entertainment in their home and community.

19. Save $1000$50,000 Challenge

What is this saving challenge: Save large amounts of money challenge.

Example: Save $1000, $5000, $10,000, $20,000, $30,000, $40,000 or $50,000.

Who is this money challenge for: People who need to save a large sum of money for a big purchase like a house, a trip, or college.

It can be very difficult to wrap your head around how to save $1000 or $50,000.

Where do you start? How do you start?

I find the easiest way to stay the course is to use a tracker.

Watching your savings grow on a tracker can be very motivating.

I love spreadsheets. Here’s my savings tracker for Google Sheets (to track up to 20 different savings goals).

It has automated charts and summaries so you can see your progress update as you go!

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If you prefer printables, I have savings challenge printable PDFs for the following goals: $1000, $5000, $10,000, $20,000, $30,000, $40,000 or $50,000.

You can just print it off and color in your savings amounts!

It’s fun and motivating!

20. 365 Day Dollar Savings Challenge

What is this saving challenge: Save small amounts of money challenge.

Who is this money challenge for: People who want to save a small amount of money each day for 365 days.

If you’re looking for a template to track your 365 day dollar challenge:

Here’s a daily savings challenge printable PDF.

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21. Round-Up Savings Challenge

What is this money savings challenge: Every time you make a purchase, round up to the nearest dollar and save the difference.

Example: If you spend $23.50 on groceries, you round up to $24 and put the extra 50 cents into savings.

If you use cash only for your transactions, it will be as easy as setting aside all your change into some kind of jar or piggy bank.

And if you use debit or credit cards for your transactions, you’ll just need to set aside time, maybe once or twice a week, to calculate the round-ups and add them to your savings account!

Either way, this is a great way to start saving up money with each purchase that you make!

Who is this money challenge for: Ideal for those who make numerous transactions and want a virtually effortless way to save. It’s perfect for tech-savvy savers who can use banking apps to automate this process.

Adding this change to a savings or investment account can significantly increase your savings over time without feeling a pinch on your daily finances.

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22. $5 Bill Savings Plan

What is this challenge: It’s a simple concept, just save every $5 bill you come across.

Example: Whether it’s change from a store or a $5 bill you find in a jacket pocket, it goes straight into savings.

Who is this money challenge for: Those who prefer tangible savings methods and get a thrill from watching their money pile grow. It’s a simple, yet effective way to save without much effort.

This tactile approach to saving can make the process more real and satisfying, encouraging you to save even more.

Now, if a $5 bill is too far out of your comfort zone, you could start this with any amount of money, like a $1 bill.

23. DIY Challenge

What is this money savings challenge: Opt for do-it-yourself solutions before buying new items or paying for services.

Example: Fix a leaky tap yourself, bake bread at home, or craft your own gifts.

Whenever we face a problem, it’s easy to head straight to the stores to find a solution to our problems.

But what if you could find a DIY solution right at home or at least purchase low-cost materials to come up with your own solution?

This idea can work well with things that need repairs around your home, food you can make from scratch, toys or games for your kids, clothes, etc.

Who is this money challenge for: Creative individuals and hands-on learners who enjoy personal projects and the satisfaction of self-reliance.

There’s nothing better than putting your creative mind to work and seeing the results pay off.

Not only do you save money, but you also gain valuable skills and a sense of accomplishment that money can’t buy.

If you want to take this a step further, you could calculate how much money you saved by doing it yourself and actually put that dollar amount into savings!

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24. Cash-Only Challenge

What is this challenge: Use only cash for all your purchases that aren’t automatically withdrawn from your bank account, like your utilities, phone, rent, mortgage, etc.

Instead, the cash would be used for items like food, household items, personal care, items, clothes, entertainment, etc.

You can do this on a monthly basis, or if you’re following a paycheck budget, you can do it with every paycheck.

Example: Choose when you’ll withdraw a set amount, and limit your spending to what you have in hand!

Who is this money challenge for: Those looking to gain a better understanding of their spending habits and control impulse buys.

It’s especially effective for visual and tactile learners who benefit from physically seeing their money.

This method encourages mindful spending and helps in identifying areas where you might be overspending.

Now, if you have any money left over at the end, you can either put it into a savings account or piggy bank, or you can set it aside to save up for a large purchase, like a vacation, for example.

To help you track your cash so you know how much you have left for each category, you can use a cash envelope or cash envelope inserts.

25. Save Your Savings

What is this money savings challenge: Whenever you save money from a discount or sale, transfer the amount saved into your savings account.

Example: If you buy a pair of shoes on sale for $40 less than the original price, you transfer $40 to your savings.

Who is this money challenge for: Bargain hunters and sale enthusiasts who love a good deal.

It’s a great way to make your savings feel even more rewarding!

It’s also good for people who don’t traditionally look out for sales and prepare to pay full price because it will be rewarding when you get an extra reward for saving money, which can encourage you to look out for even more sales!

This strategy doubles the benefit of finding a good deal by both saving money on the purchase and boosting your savings account.

26. Pantry Challenge

What is this challenge: Use up as much as you can from your pantry, fridge, and freezer before buying any more groceries.

Example: Get creative with meals using only ingredients you already have at home, minimizing trips to the grocery store.

Seriously, how many times have you gone through your fridge or pantry and found so much food waste?

Don’t worry; we’ve all been there at least once in our lives!

But if you’re looking to reduce food waste and get as much bang for your buck from your groceries, this is the challenge for you!

Who is this money challenge for: Those looking to reduce food waste and save money on groceries. It’s perfect for inventive cooks and anyone looking to declutter their kitchen.

This challenge not only saves money but also encourages culinary creativity and reduces waste.

To help you track your pantry so you can easily identify what you have, their quantities, expiration dates, stock status and categories, you can use this pantry inventory tracker.

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27. Automate Savings Challenge

What is this money savings challenge: Set up an automatic transfer to your savings account every time you get paid.

Example: Decide on a set amount or percentage of your paycheck to automatically save each pay period.

Whether you decide to save $25 each pay period, set aside 10%, or any other amount, this challenge will help make saving more effortless.

Who is this money challenge for: Individuals looking to make saving foolproof and effortless, so it’s just one less thing you have to worry about on each payday.

If you’re someone who struggles with the discipline to save regularly, this can also take the work out of it for you, so it’s just automatic.

Furthermore, this is a great savings challenge for anyone who wants to save a large percentage of their pay but wants to work up to it gradually, as you can change the automated amount weekly, monthly, quarterly, etc.

Automating your savings can help build your nest egg without having to think about it each month.

28. Fitness for Less Challenge

What is this challenge: Cancel expensive gym memberships or fitness subscriptions and opt for free or low-cost workouts instead.

Example: Utilize free online workout videos on YouTube, go for runs, organize group sports in the park, or utilize low-cost exercise equipment like a yoga mat, resistance bands, etc.

You’ll also be pleasantly surprised to find a plethora of used gym equipment on places like Facebook Marketplace or Craigslist where you can get some of your gym equipment for a lower cost.

Who is this money challenge for: Fitness enthusiasts looking to stay active without breaking the bank.

Whether you can get a good workout from videos or you’d prefer to build a home gym, which will cost you less in the long run, this is a great savings challenge.

This approach promotes both physical and financial health, proving that staying fit doesn’t have to be expensive.

29. Digital Detox Savings

What is this money savings challenge: Cut back on digital purchases and subscriptions for a month, redirecting your time and resources towards activities away from screens.

Example: Instead of streaming movies, read a book.

Replace gaming time with hobbies like painting, knitting, or gardening.

Who is this money challenge for: Those looking to reconnect with the world beyond screens and save money in the process.

It’s perfect for creative individuals and anyone seeking more balance in their digital consumption.

This challenge not only saves money but also enriches your life with diverse experiences and potentially new skills.

To give you ideas for a digital detox and track your efforts, you can use this digital detox tracker.

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30. Handmade Gifts Challenge

What is this challenge: For birthdays and special occasions, make gifts instead of buying them.

Example: Craft personalized jewelry, bake a homemade cake, or knit a scarf.

Doing this can save you a small fortune every year when you start thinking about how much you spend on birthdays, special events, holidays, etc.

Who is this money challenge for: Artistic individuals and those who want to give more meaningful, personalized gifts while also looking to reduce consumerism and save some money in the process.

Plus, this challenge showcases your creativity and thoughtfulness, making the gift even more special to the recipient while saving you money.

Recap of the Saving Money Challenges

  1. No Spend Money Challenge
  2. 52 Week Savings Challenge
  3. Reverse 52 Week Savings Challenge
  4. Saving Coins Challenge
  5. No Take Out Money Challenge
  6. Bad Habits Money Jar
  7. No Name Brand Money Challenge
  8. Sell Your Stuff Challenge
  9. Make Extra Money Challenge
  10. Swap Savings Challenge
  11. Regular Bills Money Challenge
  12. Utilities Savings Challenge
  13. Reusable Products Money Challenge
  14. No Car Challenge
  15. Money Diary Challenge
  16. Water Only Savings Challenge
  17. DIY Coffee or Tea Savings Challenge
  18. Free Entertainment Challenge
  19. Save $1000-$50,000 Challenge
  20. 365-Day Dollar Savings Challenge
  21. Round-Up Savings Challenge
  22. $5 Bill Savings Plan
  23. DIY Challenge
  24. Cash-Only Challenge
  25. Save Your Savings
  26. Pantry Challenge
  27. Automate Savings Challenge
  28. Fitness For Less Challenge
  29. Digital Detox Savings
  30. Handmade Gifts Challenge

Final Thoughts on Saving Money Challenges

Have fun with your saving money challenge! You can do this!

If you’re at all overwhelmed by the number of different money challenges, start with 1.

The saving coins challenge is an easy one to start building the routine of saving money. As you get more comfortable, you can tackle the more difficult challenges like the no spend challenge.

Start with 1 monthly challenge and slowly build up to 12 monthly challenges over the year!

Favorite Resources for Saving Money

Looking for other ideas to save money?

Here are my favorite money saving resources:

Rakuten

Rakuten (formerly Ebates) is great because you can get up to 40% back for shopping online at over 2500 stores – many of which you would normally shop at like Amazon, eBay, Macy’s, Kohl’s etc. It’s FREE to sign up.

ForU.S. residents, Rakuten will give you awelcome bonus of $10after making your first online purchase of $25 or more. ForCanadians, it’s a$5 welcome bonus for signing up. You canread more about how to use Rakuten here!

Honey

Honey is an application that looks at the items in your cart and helps you search for coupon codes. If it finds relevant codes, it enters them automatically! You never have to search for coupon codes online again!

It also has other money saving features like cash back, price drop notifications, and a price history. It’s also FREE to use.

Sign up for Honey here!

Checkout51

Checkout51 is an app that gives you cash back for your groceries!

If you purchase any groceries on their list (which sometimes includes everyday essentials like bananas), you can snap a picture of your receipt on your app (they make it super easy). The approval takes roughly a few days and then cha-ching – you’ll get money in your Checkout51 account!

Sign up for Checkout 51 – it’s FREE!

$5 meal plan

If you spend hours meal planning every week only to stress out some days and eat out, you might be interested in the $5 meal plan. For $5/month, they send you a weekly meal plan where every meal will cost approximately $2/person! They save you time and money so that you can focus on doing things you enjoy like hanging with your kid!

They offer a14 day FREE trial(approximately 40 recipes) – regular or gluten-free – that you can cancel at any time with no questions asked.

Amazon Prime

This membership has 2 great benefits: free 2 day shipping and free access to movies, TV shows, music and books. You no longer have to worry about last minute items. You can cancel your other movie, music and book subscription services. You can also get 20% off diapers and baby food when you have more than 5 subscriptions.

Get theAmazon 30 day FREE trial here. You can cancel at anytime. No questions asked.

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18 Fun and Unique Money Saving Challenges for Every Budget (22)

What’s your favorite monthly money challenge?

18 Fun and Unique Money Saving Challenges for Every Budget (2024)

FAQs

What is the 21 day challenge for saving money? ›

That is what this challenge is all about: taking 21 days to make some drastic, but realistic, changes in order to save at least $500 each month. If you are anything like I was, you probably have more bills and payments due each month than you have money coming in.

What are the challenges of saving money? ›

7 barriers that keep us from saving money (and how to knock them down)
  • Spending too much on housing.
  • No defined budget.
  • The “I'll save when I make more money” mindset.
  • Lack of measurable savings goals.
  • Student loan payments.
  • Your comfort zone.
  • Overusing credit cards.

What is the $20 savings challenge? ›

All you have to do is save $20 each week for a year, and then you'll easily have $1,040. If you start this now and do it just until the holidays, you will have a nice chunk of change as well!

How to do the $5,000 dollar challenge? ›

It works like this: Gather 100 envelopes and number them from 1 to 100. Each day, fill up one envelope with the amount of cash corresponding to the number on the envelope. You can fill up the envelopes in order or pick them at random. After you've filled up all the envelopes, you'll have a total savings of $5,050.

What is the 52 envelope challenge? ›

There are no complicated rules to remember. Week 1, you save $1.00. Week 2 you save $2.00, and it continues through the year, adding one more dollar to each week's savings goal. By Week 52, you'll set aside $52.00, which will bring the year's total savings to $1,378!

What is the $10 savings challenge? ›

"Save $10 a week with this 52 Week Savings challenge will help you to meet all of your savings goals. Each week you tick of each amount in order to save the full 520 in the amount of weeks in a year. Saving can be hard but with this you can make it a fun challenge. Safe enough a week to add to the savings pot.

What is the 100 envelope challenge? ›

The 100-envelope challenge is pretty straightforward: You take 100 envelopes, number each of them and then save the corresponding dollar amount in each envelope. For instance, you put $1 in “Envelope 1,” $2 in “Envelope 2,” and so on. By the end of 100 days, you'll have saved $5,050.

What is the 5 savings challenge? ›

The fiver challenge - save £7,000

This challenge works the same as the 52 week challenge, but you go up in multiples of £5 rather than £1. So week one = £5, week two = £10, all the way up to week 52 at £260. Alternatively, if you're not in the position to save these larger amounts, you could save £5 every week instead.

What is the 365 day money challenge? ›

The 365-Day Penny Challenge: With this challenge, people make a daily savings deposit and increase their deposit by a penny a day. At the end of a year, they have $667.95 of savings.

What is the $50 challenge? ›

Save $50 a week with this 52 Week Savings challenge will help you to meet all of your savings goals. Each week you tick of each amount in order to save the full 2600 in the amount of weeks in a year. Saving can be hard but with this you can make it a fun challenge. Safe enough a week to add to the savings pot.

What is the 52 week rule? ›

Getting started is simple: During your first week, you save $1. The next week, stash away $2. Increase the amount saved by $1 each week for 52 weeks — a full year.

What is the 1 to 50 saving challenge? ›

Label your envelopes from £1 – £50. The corresponding amount of money will go in each envelope. Then, place the envelopes in the box. Each week pick out an envelope to fill up – you don't have to go in order, some weeks you might have more money left over than others.

What is the envelope challenge? ›

The 100-envelope challenge is a way to gamify saving money. Each day for 100 days, you'll set aside a predetermined dollar amount in different envelopes.

What is the $10000 in 100 envelope challenge? ›

On each envelope, write the day number and the amount you need to save for that day. For instance, on the first envelope, you would write "Day 1: $1" and on the second envelope "Day 2: $2", and so on all the way to Day 100: $100. Each day, you take the envelope for that day and put the designated amount of cash inside.

What is the $5 trick? ›

You don't have to cut back on spending. You don't have to put aside an obscene amount of money each month. All this challenge requires is for you to stash away every $5 bill you get as change. That's it.

How does the 21-day challenge work? ›

The 21-Day Hard Challenge is a transformative program designed to help you make positive changes and develop healthier habits. Over the course of 21 days, you'll focus on various aspects of your well-being, including nutrition, exercise, mental health, and self-care.

How much do you save with the 52 envelope challenge? ›

For anyone trying to improve their savings in 2024, the 52-week money challenge is a simple and effective way to stay on track. And at the end of the year, you'll have $1,378 extra dollars to bulk up your emergency savings or put toward a savings goal, such as a vacation fund or a down payment on a home.

How do you make a 21-day challenge? ›

Here are some habit ideas for a 21-day challenge.
  1. Daily Exercise: Commit to some form of physical activity each day. ...
  2. Mindful Eating: Focus on healthier eating habits. ...
  3. Meditation and Mindfulness: Spend a few minutes daily in meditation or mindfulness practice to reduce stress and improve mental clarity.
Aug 31, 2023

How to Save $5000 in 3 months challenge? ›

Each day for 100 days, you'll set aside a predetermined dollar amount in different envelopes. After just over 3 months, you could have more than $5,000 saved.

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