Improve your self-discipline and jumpstart your financial wellness with a free financial savings challenge!
Have big goals that you want to save for? If you need a new car, want to buy that perfect luxury handbag, or are saving up for college, a savings challenge could be just what you need. Especially if you want to learn to save money using methods that work.
Savings challenges are a great way to stay motivated with your money goals. Plus, you'll easily move forward as you check in weekly to track your progress.
This 6 challenge bundle will help you do just that!
PLUS, you can stay accountable by getting your best girls to do these challenges with you too- just spread the word!
How can savings challenges help you?
When you take part in a savings challenge, you're committing to saving your money for a particular goal. Since saving those pennies without any accountability can be tough, savings challenges are a fun way to achieve your dreams and start a new savings habit!
We have savings challenges that take months to complete, and others that last only 30 days. You can begin with a simple 30-day challenge. When you want to, you can move on to the savings challenges that take more time and help you save up significantly.
This 6 savings challenge bundle includes the following:
1. The 26-week savings challenge
2. The 30 days to master your spending challenge
3. The 30-day meal planning challenge
4. The $5 savings challenge
5. Create a Clever Girl fund (mini-course + challenge)
6. Find extra money (mini-course + challenge)
And did we mention it's totally free? We want you to be successful, and these challenges can help you win as you learn how to save.
Here's a look at each of the savings challenges.
The 26-week savings challenge (Challenge 1)
This is a savings challenge to help you boost your savings. Each week for 26 weeks, we’ll challenge you to set aside a certain amount of money as a savings habit. Then we’ll watch it grow!
Don’t worry, we’ll start small and increase the amount over time. By the end, you will have saved $1,378!
The 30 days to master your spending challenge (Challenge 2)
It's time to break up with that overspending habit in favor of a savings habit! Over the next 30 days, you will commit to spending money on necessities and nothing else.
Think you can do it? Let’s find out!
The no-spend challenge is a fantastic way to keep those checking accounts full of cash. Commit to a whole month during which you don't spend on anything that you don't absolutely need. Your mortgage or rent, and any other essential purchases like food are still fine, but things like vacation or fees for restaurants are not.
Stay focused - you can do it!
The 30-day meal planning challenge (Challenge 3)
Did you know it's totally normal to spend over $2000 a year on restaurants and to-go orders? Surely you have something else you'd rather do with that kind of money.
You'll create a meal plan and over the next 30 days, your goal will be packing lunch to work every day and saving yourself some additional cash!
This is a great way to get your grocery bill down to the essentials and save yourself from tossing food out of the refrigerator at the end of the week.
The $5 savings challenge (Challenge 4)
Are you ready to jumpstart a new savings habit? This $5 savings challenge is a great way to start building the consistency and habit of saving money!
The idea for this challenge is super simple; over the next 90 days, each time you get a $5 bill, you'll save it!
This is a really great way to begin your monthly savings goals, especially if you haven't done a challenge before.
Suddenly, there might be more breathing room in your paycheck, and the great part is that it's simple but effective.
Create a Clever Girl Fund (Mini-course + challenge 5)
Your car breaks down. You lose your job. Your water heater breaks.
Life happens, and when it does, it can derail your efforts to save money and get out of debt. This is where your emergency fund comes in to save you.
Learn how much you should be saving, where to keep it, and the approach to fully funding your emergency savings account successfully. Includes an emergency fund calculator and makes money fun to save.
Find extra money (Mini-course + challenge 6)
This challenge is about boosting your savings or debt repayment through finding spare coins and earning money from decluttering. Find ways to get more cash other than a savings jar.
Get access to ideas that can help you find more money in your budget, like using groceries you already have by looking through your pantry or saving money on insurance.
How to complete your savings challenges like a boss
Super excited to get started? To help you with your savings habit, check out these tips.
Adjust your mindset
These challenges are likely to help you gain new insights. But it's best to be prepared ahead of time.
Set your mind to be ready for the savings challenges, knowing that you won't be spending any money. Instead, think about your money goal and how this will bring you closer to the amount you need. As you learn to save money, having the right mindset will be easier.
Set a reminder on your phone to help you save. Check on your account transactions and make sure that you're reaching your savings goals by transferring enough money each week or month.
Reminders are a really great way to begin a savings habit because they keep you on track but without you having to constantly think about money.
Create automatic savings
If you really want to go for big savings, make it as easy as possible. Automatic savings can help you to set aside any amount of cash in a passive way. So set up an automatic transfer to put money in your savings account during the challenge.
Ask a friend to join you
For extra motivation, ask a friend to try out a month challenge of saving with you. It's more fun if you have someone to talk to who understands the process, and you might even save more money!
Pick a good time
Be smart about when you start your savings challenge. For example, maybe the end of the year sounds like a good idea until you remember the holiday expenses coming up. So you might choose the new year and start in January instead.
Whatever week or month works best for you is great, just set yourself up for success with your savings habit.
Why everyone needs to try a savings challenge
When you try out a money-saving challenge, your spending habits will be forever changed. You may start to see money differently, and notice ways that you can save more in your everyday life.
Not only will you end up with more cash in your bank account for your financial goal, but you'll also gain a new perspective as you form a new savings habit.
Join the Clever Girl Finance savings challenges, and watch your money grow!