The Genius Money Saving Challenge That Will Get You Back On Track



Keeping track of spending is most important during the holidays when Christmas gifts, and socializing take their toll on your wallet. It is also the best time of year to set yourself a money challenge for the coming months! Of all the different money saving challenges, we think this one is the most achievable! By putting aside increasing amounts throughout the month, you will save a whopping $465 in one month, not to mention all the long-term savings some of the suggested lifestyle changes will bring.


The January money saving challenge:

All you need to do is save up every day, starting with $1 on day 1 and increasing it, so for example on day two you’d save $2, day three save $3. Put the money in an envelope so you are less inclined to spend it. It won’t ever feel like a lot, but the beauty of it is that you can repeat it every month, and before summer you’ll have a lot to spend on a nice vacation!

It can feel like a lot of work to put that money aside every single day, so there are a couple of things you need to do to prepare for this challenge now.


Step 1. Download a banking app like Mint

The best thing to do to start the challenge is to download an app like Mint. This will help you keep track of everything you’re saving and spending, it’s important to know what’s realistic for you before you start the challenge.

Step 2: Start a spending journal

Just write down the things you will need to spend in January and plan it ahead. You don’t have to stop enjoying life just because you’re spending, but the best way to do it is to write it all out. You can plan this out with the Getting Things Done planner, including your expenses and shopping lists. Plus, you can get 20% off now with the code GET20! Buy it here.

Step 3: Cut some costs

Things like electricity, phone plans, and unnecessary subscriptions can be changed in January. New year, new you. Right now, take a look at what you’re currently spending, call your providers and try to get a better deal.


Step 4: Start saving as soon as possible

If you can start now, why not. Grab an envelope from the many Christmas cards you’ve already received and gather up that spare change. We know it’s only lurking at the bottom of your handbag anyway. It all adds up, and this is the most inactive way to start saving!


What do you think about saving a little up every day? Are you planning your finances for 2018?



…come to those who sign up for our emails

  1. This is a great way to start saving money! My friend bought me a money bank recently so I’m going to start collecting my daily savings there :)

    Diana |

  2. When I started writing down everything I was spending I started to save so much money because of the realisation of where my money was going! I’m definitely going to start tracking my spending again in the new year!
    Cloe X

Leave a Reply

Your email address will not be published.

WP2Social Auto Publish Powered By :