Looking for creative ways to save money? Maybe for Christmas or a vacation? Then try one of these money saving challenges… starting with pennies!
1 – Creative Ways to Save Money – The Dime Saving Challenge
Imagine the look of surprise on Number 1 Muse Son’s face on Christmas morning when he was handed an empty 2-liter soda bottle with $10 in dimes. Confusion… yes! But it was Muse Mom’s way of saying… “boy, you’ve got to start saving some money and here’s your start.” The dime savings plan is just one of the money saving challenges making its way around the Net. By the time that bottle is filled, it should contain somewhere between $550 to $700.
I’m happy to say, Number 1 Muse Son’s bottle was nearly full my mid-summer and he’s looking forward to an extra special Christmas this year. This first challenge also set my son off on other savings challenges, as well as for the Muselets (aka my granddaughters).
If you’ve been struggling with ways save for a special occasion or just put away a few extra dollars, you’ll find these challenges some of the most creative ways to save money.
2 – Penny Savings Challenges is a Terrific Way to Teach Kids About Saving
The Muselets are not doing anything as structured as this penny plan. They’re just throwing they have or can earn into their own jars. But it’s a start. This challenge uses the compounding idea. Each day is one more penny than the day before. But in the end, you can save close to $700.
3 – Save, Spend & Give Jars for Kids
Here’s another savings challenge for kids that teaches some valuable lesson… save for the future, save to spend on some you want and save to give.
4 – Stuff Envelopes for Your Money Saving Goals
Here’s a fun way to challenge yourself to save money. Take 10 envelopes and number them from one to ten. Then make it a goal to fill up with one with that amount of money. In the end, you’ll have $55. You can add more envelopes as you go. 100 of them would reap you $5,050. Out of the creative ways to save money, this method brings back newlywed memories. The envelope method is how Mr. Muse and handled all our fianances, from spending to savings.
5 – Never Too Late to Save for Christmas Savings Challenge
It’s mid-September, but it’s not too late to start saving for Christmas with this 12-week saving plan. Each week you deposit a different amount into your savings account so you can plan for it in your overall budget. By the end of 12 weeks, you should have $800.
6 – 50 Ways to Save Money for Your Saving Challenge
Print out this list of money saving ideas and stick it on your fridge. Look at it every day to add extra pennies, dimes… whatever spare money to your own challenge.
7 – The $5 Saving Plan… Seeing is Believing
Save every $5 bill you get. And if you can find something that let you see what you’re saving, like this shadow box, then all the better. It works for any denomination, even one dollar bills.
8 – Another $5 Saving’s Challenge
Part of the beauty of seeing the money you’re saving is that it makes you want to add more. Now I’d love to see two, three maybe even 10 of quart Mason jar filled with $5 bills. How about you?
9 – $1,000 Emergency Plan Challenge
If you follow Dave Ramsey, you know that one of his mini steps is to create a $1,000 emergency fund. He’d like you to get there sooner than later, but sometimes that’s hard. A bi-weekly savings challenge like this will get you there and help you create a savings habit.
10 – 30 Day $1,000 Money Challenge to Reach Your Money Savings Goals
If you’re set on reaching that $1,000 emergency fund as quickly as possible then here what you’ll need to do. Along with saving every penny you can, you might want to think of ways to earn extra money.
11 – Saving for a Special Occasion Challenge
Love this DIY project for your money saving jars.
12 – The Bullet Journal Savings Challenge
Another way to keep you saving challenge visual is with a bullet journal. This building block idea ($10 a block) is genius!
13 – 52 Week Money Saving Challenge
With this plan, you start with $1 on week 1 and keep adding an additional dollar each week for 52 weeks. At that point, you’ll have $1,378. That’s ought to make a nice Christmas… or vacation.
14 – Saving for a House Challenge
If you make saving goals are big then this is the big daddy of the money saving challenges. And it’s doable.
15 – Best of the Creative Ways to Save Money – No Spend Month
You might have to start small to learn this technique. A day. Then a week. Maybe two weeks. And then a month. But it’s one of the best ways I know how to save money, whether it’s for one of these money saving challenges or just frugal living overall.
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