Here is a great monthly savings challenge for you to start now! Here are easy to stick to monthly budgeting amounts to help you sock away over $1600 this year!
So, how does this Monthly Savings Challenge work?
It is pretty simple. You print out the download above, save it in your phone or just set a weekly reminder have the amount deducted automatically from your bank account. If you like to do it the old-fashioned way, then put the specific amount into a jar each month. You can add it all at one time during the month, or set aside a small amount throughout the month that adds up to the specified monthly amount.
For example if your monthly amount to put away each month is $80, you can take $80 out of your check and into the jar. Or if it is easier for you put $20 for each four weeks of the month. You can even take $10 twice a week 8 times during the month if that is easier for you.
Try it different ways each month and see what works best for you.
$80 in January, $100 in February, and so on...
- January or Month 1: $80
- February or Month 2: $100
- March or Month 3: $150
...and so on.
At the end of the year, you will save $1600!!!
Try to not go into the fund during the entire year and see if you can stick to the entire amount.