Money Saving Challenges – Save $1378 To $5000 Or Try The Freestyle Version

Now it’s still a challenge so try to find ways each week that can help you save even more. I know that sometimes it can seem like you have no spare money to save (and many people legitimately don’t).

But for many, it can be a simple question of evaluating where your paycheck is going and shifting some of it into a savings account. It could be something small like skipping one Starbucks drink a week.

Maybe grab one extra shift a month and that be your total monthly savings.

In order to get you started, I’ve created free money-saving challenge printables for you. Grab your Freestyle Savings Challenge PDF.

Don’t forget to check out this helpful article if you need some budgeting and finance tips.

MONEY SAVING CHALLENGE TO $1378

Now if you are able to take on a bigger challenge, we have the money-saving challenge of $1378. I’ve prepared printables for both the forward and reverse approaches.

• You decide, start off slow, starting with $1 and adding an additional dollar each week to match the week’s number (Example: $7 for week 7)
• Or give the reverse version a go, starting off with the largest contribution of $52 on week one and working your way down to $1.

Choose whichever technique works best for you. Do you prefer to build momentum or hit the pave running?

By the end of the 52 weeks, you will have $1378 to put towards your emergency fund. This study shows that 57 million Americans lack an emergency fund.

Another fun approach to saving is grabbing a box of envelopes from your local Dollar Tree and writhing a number from 1 to 52 on each envelope and randomly selecting a different one each week.

Grab your Money Challenge Printables to $1378. The printables for both the forward and reverse versions are included in the link above.

MONEY SAVING CHALLENGE TO $5000

The $5000 goal will naturally be more challenging and may require some extra creativity from you. You may need to come up with a side hustle to make all the weekly contributions.

If you need some side job ideas, give this post a read. Are you willing to trim the fat from your expenses? Grab an extra shift at work?

The first $1000 I saved in my life came from taking on a second job on top of my full-time course load and 35 hours work schedule at my regular job. It was a grueling few months but it got me on the road to financial freedom.

Since your monthly savings will well over $100, I highly suggest transferring it into a dedicated savings account where you get additional interest.

Rates are currently down everywhere but you can still get up to 0.40% APY with the Savings Builder by CIT Bank.

Your money-saving challenge printables for $5000 (filled and blank) are available to print here.

STAYING UPBEAT

As with any challenge, there will be ups and downs. There may be moments where you are tempted to stop and give up but try to remember the reason why you started down this path.

Try to view every sacrifice you make along the way as the step forward it really is.

You’ve got this!

Don’t forget to pin and share this challenge with anyone looking to improve their savings account!