At Be Secure Financially, we like various money savings challenge from big to small, but what we love is simple, straightforward and easy. It just helps us stick to the challenge.
This is the "3 Month Savings Challenge". You can get a head start on your New Year's resolution and save money this year!
Also, it isn't a super quick challenge, but it doesn't take all year either. This is a 3 Month challenge. You can of course extend it or cut it in half and still succeed.
3 Month Savings Challenge
So, how does this 3 Month Savings Challenge work?
It is just $50 per week for 12 weeks (or 3 months). This is intended for you to be realistic with your New Year's Resolution so you don't break it. If you can't do $50, try $5 per week. Of course your result will be much smaller, but it is a start.
$50 per week for 12 Weeks
- Week 1 - $50
- Week 2 - $50
- Week 3 - $50
- Week 4 - $50
- Week 5 - $50
...and so on.
At the end of 12 weeks, you will save $600! Congratulations you exceed the recommended $500 emergency fund! Of course, this doesn't have to be for emergencies, but that is a good choice. You can save for a trip, pay down debt, buy new clothes and so much more.