ULTIMATE List of EASY Savings Challenges That Will Help You Save THOUSANDS [FREE PRINTABLE] (2024)

Saving money isn’t always the most exciting thing, one of the best ways to stay motivated to save is savings challenges! I am a very competitive person and if I can make a game out of saving money, it makes me work that much harder.

Today I’m sharing my ultimate list ofsavings challengesthat will keep you pushing for more resulting in great returns!

>> Be sure to save this post, I’ll be updating it as I create new Savings Challenges!

Before we jump in, WHERE you keep your savings is also very important. The best place to keep your savings is ahigh-yield savings accountso that you can be earning interest on your money.CIT Bankoffers record-breaking interest rates.Click here to open an account!

Check out this video for even more detail on these savings challenges!

52-Week Savings Challenge

Handy 52-week money-saving challenge printable. This useful finance printable will help you to gradually increase your savings over a 52 week period (1 year). Use this tracker and save $1,378 in one year! – Saving over $1,300 in a year may sound really hard, especially if you aren’t used to saving money.

The 52-Week Savings Challenge helps you to gradually save up money. In the first week, you are only saving $1! Yep, that’s right, only $1! I know you can hit that goal! The following week you save $2, the week after $3, halfway through the year you are saving $26 that week until you get to the last week of the year and save $52. At the end, you will have saved $1,378!!

ULTIMATE List of EASY Savings Challenges That Will Help You Save THOUSANDS [FREE PRINTABLE] (2)

$1,000 In 30 Days Challenge

Saving $1,000 in 30 days is not for the faint of heart but it’s an awesome challenge if you are!

Everyday color in an icon and transfer that amount to yoursavings. At the end of the30 days, you will have saved $1,000! (This can also be used for debt payoff as well!)

The best part about thischallengeis the savings don’t have to go in order. If you have a day where you made a lot in tips or got a bonus at work you can tackle one of the higher savings days, and if you had a low day you can save as little as $5.

Check out this challenge here to save $1,000 in 30 days!

Handy Save $5 saving challenge printable. This useful finance printable will help you to gradually save $500 by saving every $5 bill you receive!

Saving over $500 may sound really hard, especially if you aren’t used to saving money. The $5 Bill Savings Challenge helps you to gradually save up the money to reach your goal of $500.

Save What You Spend Challenge

The Save What You Spend Savings Challenge not only helps you to save money but also stay accountable to your spending habits.

Here’s how it works: choose a spending category like eating out, personal spending money or clothing.

Then every time that you spend from that category you have to transfer the SAME amount to savings. For example, if you spend $11 on lunch with your coworkers then you also transfer $11 to your savings. If you can’t afford the $22 for lunch, then you don’t spend it!

One Month Ahead Savings Challenge

Saving one month of expenses may sound really hard, especially if you aren’t used to saving money… but it doesn’t have to be!

Use this easy printable to get One Month Ahead on your bills. Simply calculate your total monthly expenses, then divide that number by 30. Color in a calendar every time you save that amount.

Once all the calendars are all colored in you will have saved one month’s worth of expenses and be one month ahead on your bills!

Wednesday Weather Challenge

TheWednesday Weather Challengeis a great way to randomize your savings. Each Wednesday transfer the temperature outside to your savings. Example: If it’s 53 degrees transfer $53.

Track Every Penny Challenge

Tracking every pennythat you spend can sound really daunting but trust me, once you get into the habit it is second nature and really doesn’t take that long.

Every 2-3 days log into your bank accounts to access your statements, spend 5-10 minutes, and record every single expense into your budget. Here is thebudget templatethat I use and what helped me pay off all my debt, cash flow my wedding, and buy my first house. Here are some tips onsetting up your first budget.

Don’t Break The Chain Savings Challenge Printable

Let’s take ‘Don’t Break The Chain’ up a level! Each day that you complete a habit/task mark an “X” in the corresponding date box. The goal is to not break the chain. If you don’t complete the month without breaking the chain then transfer the designated amount to your savings account.

Homebrew Coffee Challenge

With theHomebrew Coffee Challenge, color in a mug every time you brew your own coffee at home. At the end of the month transfer $5 per cup to your savings or debt payoff!

Pantry Challenge

Food is the third-highest item in the average person’s budget, right below housing and transportation. Saving money on groceries is a really hard task for many but I’ve mastered the art of cutting out a little bit here and there to make a BIG difference in your budget. Check out my course onHow To Save Money on Groceries here.

I bet if you really tried, you couldskip going to the grocery storethis week and find enough food to feed your family in your pantry, fridge, and freezer. When you are trying to cut your grocery budget for the month, challenge yourself to eat strictly from home.

Every week that you succeed color in a jar! After 4 jars are colored in, reward yourself! The reward could be a pizza night, a manicure, or simply a movie night at home!

You Have Food At Home Printable

Who would’ve thought having the “you have food at home” talk with yourself would be so difficult as an adult?! Let’s make it a challenge! Every day that you don’t eat out at all: color in a jar. Once you’ve colored in 7 jars then you can reward yourself or your family! The reward could be a pizza night, a manicure or simply a movie night at home!

$1,000 Challenge Printable!

Handy Save $1,000 money-saving challenge printable. This useful finance printable will help you to gradually increase your savings over whatever timeframe you choose. Use this tracker and save $1,000!

Saving over $1,000 may sound really hard, especially if you aren’t used to saving money. The Savings Challenge helps you to gradually save up the money to reach your goal of $1,000. The first day you are only saving $5! Yep, that’s right, only $5! I know you can hit that goal!

Student Loan Payoff Tracker Printable

A Student Loan Debt Payoff Tracker to help keep you motivated while you pay off debt. This student loan payoff tracker offers 2 options for you to color in as you make payments. It is customizable for any debt amount. Color in an icon each time you hit a new payoff milestone while paying off your debt.

Save $10,000 in One Year Printable

Saving $10,000 in one year is a BIG goal! With this tracker, you will be motivated throughout the year to hit your savings goals. Every week color in a new icon and transfer that amount to savings.

After one year you will have a completed colored in tracker and $10,000 in the bank!

$1,000 Debt Payoff Tracker Printable

A Debt Payment Tracker to help keep you motivated while you are paying off debt! Having a visual tracker helps to keep you motivated while paying off debt. Color in an icon each time you hit a new milestone, once the tracker is complete you will have paid off $1,000!

Print as many times as you want for each $1,000 of debt that you have. Tackling your debt in small, manageable chunks helps to keep you motivated and not overwhelmed!

$1,000 Emergency Fund Printable

$1,000 Emergency Fund Tracker to help keep you motivated while you reach your financial goals! This savings challenge tracker features 100 cute icons for you to color in as save money. It is customizable for any saving amount. Color in a jar each time you hit a new saving milestone while saving towards your goal!

Emergency Fund Savings Tracker Printable

Customizable Emergency Fund Savings Tracker Printable to keep you motivated while saving for your emergency fund. Determine how much you want to save and then divide by 100 and color in an icon each time you transfer that amount to your savings account for your emergency fund.

House Savings Printable Tracker

A House Savings Tracker to help keep you motivated while you are saving to buy a home! It is customizable for any amount. Color in an icon each time you hit a new milestone while saving for your home.

Investment Property Savings

An Investment Payment Savings Tracker to help keep you motivated while you are saving to buy a home! This Investment Property Savings Tracker offers 2 options for you to color in as you save money. It is customizable for any amount. Color in an icon each time you hit a new milestone while saving for your home.

Net Worth Tracker

Tracking your net worth each month helps you to get a clear view of your finances and is extremely motivating to building wealth.

All of the formulas are pre-built, simply plug in your personal numbers and you are good to go!

What you track Monthly:
– Liquid cash (cash, savings, and checking accounts)
– Assets
– Investments
– Debt Payments
– Liabilities (mortgage, car)

The spreadsheet also calculates how much your net worth has grown each month!

YouTube Monetization Tracker Printable

Reaching YouTube’s monetization requirements of the YouTube Partner Program can feel so far away when you are starting your YouTube channel. In this printable, you can track your subscriber growth and watch time hours.

YouTube’s Partner Program requirements are 1,000 subscribers and 4,000 hours of watch time. Download this printable to stay motivated to keep making videos!

More Ways To Save:

Here at Freedom In A Budget, I am all about saving money! Here are some of the EASY ways that I save money:

CIT Bankoffers high interest savings accounts and CDs to provide a safe, secure way toearn moneygrow your savings.

Fetch Rewardsis a free grocery savings app that rewards you just for snapping pictures of your receipts. That’s really it. Free gift cards on groceries on thousands of products every day, no matter where you get your groceries. Just scan your receipts and get gift cards from places like Starbucks, Target, Ulta, Applebees. Use codeQHKBHto earn 2,000 points ($2)!

Rakuten/Ebates: Rakuten is my to go way to earn Cash Back from over 2,500 stores like Macy’s, Amazon, Sephora, Walmart and much more. Join Rakuten today for free, and you’ll get a$10 Cash Bonusto get you started! Every three months, you’ll get a Big Fat Check in the mail or a PayPal payment just for shopping.

M1 Financeis an easy to use brokerage platform that allows you to invest in Fractional Shares and auto reinvest!

Budget Templates: Excel budget templates with pre-populated categories and formulas to keep you on track with hitting your financial goals.

ULTIMATE List of EASY Savings Challenges That Will Help You Save THOUSANDS [FREE PRINTABLE] (2024)

FAQs

What is the 1000 savings challenge? ›

Saving over $1,000 in a month may sound really hard, especially if you aren't used to saving money. The 30-Day Savings Challenge helps you to gradually save up the money to reach your goal of $1,000. On the first day, you are only saving $5! Yep, that's right, only $5! I know you can hit that goal!

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 100 envelope savings 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.

How can I save $5000 with the 52 week money challenge? ›

Here are a few more ways to save $5,000 by the end of 2023:
  1. Save $96.16 every week.
  2. Save $192.31 every two weeks.
  3. Save $416.67 every month.
  4. Save $1,250 every quarter.
  5. Save $2,500 every six months.
Jan 5, 2023

How to save $1000 quickly? ›

Let's look at a few popular and easy-to-follow options.
  1. 50/30/20 Budgeting. ...
  2. Envelope System. ...
  3. Zero-Based Budgeting. ...
  4. Packing Your Lunch and Skipping the Takeout. ...
  5. Cutting or Downgrading Subscriptions. ...
  6. Saving on Groceries. ...
  7. Removing Temptation Apps from Phone. ...
  8. Earning Extra Money.

How to save $10,000 easily? ›

6 steps to save $10,000 in a year
  1. Evaluate income and expenses. To make room for saving, you'll need a meticulous budget that outlines all your sources of income and all your expenditures. ...
  2. Make an actionable savings plan. ...
  3. Cut unnecessary expenses. ...
  4. Increase your income. ...
  5. Avoid new debt. ...
  6. Invest wisely.
Apr 2, 2024

What is the 52 week rule? ›

Start with the base amount you want to save each week, then the rule adds $1 every week for a year. For example, if you start with $5 on week one, you'll save $6 on week two, $7 on week three, and so on for 52 weeks. In a year's time, you would save a total of $1,568.00.

What is the $1 challenge? ›

Match each week's savings amount with the number of the week in your challenge. In other words, you'll save $1 the first week, $2 the second week, $3 the third week, and so on until you put away $52 in week 52.

How much is 1 dollar a day for a year? ›

The answer to that question depends on interest rates or rates of return. With no interest involved, putting one dollar a day into a bank account (or a jar at home) will see you end up with $365 in a year. Multiply that amount by 30 years and you'll end up with $10,950. Now let's factor in an interest rate of just 1%.

How to save $5000 in 3 months with 100 envelopes? ›

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.

How to save $4000 quickly? ›

How to Save an Extra $4,000 a Year
  1. Step #1: Look at Your Budget. “The first step in being able to save is to do a deep dive into your budget. ...
  2. Step #2: Figure Out Where to Cut Spending. ...
  3. Step #3: Determine Where Most of Your Money Is Going. ...
  4. Step #4: Sexy Math. ...
  5. Step #5: Set Up Automatic Transfers. ...
  6. Extra Tips.
Jan 7, 2019

What is the envelope hack for saving money? ›

Each day, for 100 days, you draw an envelope from the box and place the amount of money that's written on it inside the envelope. Then, you continue the process until each one is filled up. At the end of the 100 days, if you stay consistent, you can save $5,050.

What is the 100 a week savings challenge? ›

The 100-envelope challenge

Take 100 envelopes and write the number 1 to 100 on them. This number is the number of pounds you'll need to add to the envelope. Each week, pick out two envelopes at random and put the amount shown on the front into them.

What is the 5 10 15 dollar challenge? ›

The challenge is simple: Save $5 the first week, $10 the second week, $15 the third week, and so on until you reach $260 in the final week. You can start the challenge at any time, but it's easiest to start at the beginning of the year. You can save the money in a jar, envelope, or savings account.

How to save up $5,000 dollars fast? ›

Ways To Save $5,000 in a Year
  1. “Chunk” Your Savings. The first step to saving $5,000 in a year is to break down your savings goal into manageable portions. ...
  2. Automate Your Savings. ...
  3. Save in a High-Yield Saving Account. ...
  4. Track Your Cash Flow. ...
  5. Boost Your Earnings. ...
  6. Declutter for Cash. ...
  7. Evaluate Your Subscriptions. ...
  8. Challenge Yourself.
May 3, 2024

What is the $3 a week savings challenge? ›

The plan is refreshingly easy, even for the math-challenged: set aside $3 in the first week and put it into a savings account. Then add another $3 each week after, so $6 is saved in week two, $9 in week three, and so on.

How to save $500 in 30 days? ›

For something as short-term as this, it may be easier to set smaller, daily goals in order to make saving a part of your daily routine. In order to save $500 in 30 days, you would roughly need to save $17 per day, and this can be a combination of cutting back on spending and making extra money.

How to save an extra $1000 a month? ›

The experts we spoke to recommended taking these steps.
  1. Analyze your finances. If you want to save $1,000 in a month, then you need to earn $1,000 more than what you spend. ...
  2. Plan your meals. ...
  3. Cut subscriptions. ...
  4. Make impulse purchases harder. ...
  5. Sell unneeded items. ...
  6. Find extra work.
Sep 26, 2023

How much money do you save if you do the 100 day challenge? ›

Take stock of your savings At the end of 100 days, you'll have 100 envelopes containing $5,050. That's right—1 + 2 + 3 + 4 and every other number through 100 equals just over $5,000.

References

Top Articles
Latest Posts
Recommended Articles
Article information

Author: Van Hayes

Last Updated:

Views: 5911

Rating: 4.6 / 5 (46 voted)

Reviews: 85% of readers found this page helpful

Author information

Name: Van Hayes

Birthday: 1994-06-07

Address: 2004 Kling Rapid, New Destiny, MT 64658-2367

Phone: +512425013758

Job: National Farming Director

Hobby: Reading, Polo, Genealogy, amateur radio, Scouting, Stand-up comedy, Cryptography

Introduction: My name is Van Hayes, I am a thankful, friendly, smiling, calm, powerful, fine, enthusiastic person who loves writing and wants to share my knowledge and understanding with you.