No-spend challenge

 This challenge involves committing to a period of time (e.g., a week or month) where you don’t spend any money on non-essential items like dining out or shopping.

52-week money challenge

This challenge involves saving a specific amount of money each week for a year, starting with $1 in the first week and increasing by $1 each subsequent week (i.e., $2 in week 2, $3 in week 3, and so on).

Round-up challenge

This challenge involves rounding up your purchases to the nearest dollar and transferring the difference into a savings account. For example, if you spend $4.50 on a coffee, you would round up to $5 and transfer the extra $0.50 into savings.

Spare change challenge

This challenge involves collecting all of your spare change and depositing it into a savings account. You can use a jar or piggy bank to collect the change and make it a habit to deposit it regularly.

One-month spending freeze

This challenge involves committing to a month where you don’t spend any money on non-essential items. This can help you break the habit of impulse buying and prioritize your spending.

Remember, setting and sticking to a specific goal is the key to a successful savings challenge. Choose a challenge that aligns with your financial goals and fits your lifestyle, and track your progress along the way.