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Saving money is something we don’t always equate with being fun. That’s why I created this 30 day money saving challenge for you guys. You’re going to feel so good after you save $500!
Money saving challenges are so fun. If you treat saving money as a game and cross each day off in this free money saving challenge sheet, it’ll make saving money a little less daunting. Not only that but after you save $500 in a month you’ll become motivated to keep saving.
Grab your FREE 30 Day Money Savings Challenge here!
Print out your money saving chart and keep it somewhere you see often, like on the fridge. This will make it so you don’t forget to save money each day and will keep you on track to be successful!
Make sure you read through this entire post before starting your challenge for guidelines and ideas for saving and making money for your challenge!
30 Day Savings Challenge Guidelines
You can go in order or skip around depending on what amount you want to save each day. Cross off each amount you saved on the money challenge print out. Pretty soon the thirty days will be up and you will have saved $500!
If you go in order, you may notice the amount you’ll save each week gets smaller as the month goes on. I did this on purpose because many people get paid at the beginning of the month and money seems to dwindle down by the end of the month because of bills and expenses.
That’s just my logic behind how I laid out the amounts, but of course, you have to do what works for you. If you have more money during the end of the month, you may want to randomly cross off amounts and not follow the sheet in order.
Save $500 in 30 Days
There are so many money saving challenges out there. You may be wondering why 500 dollars and why this is a 30 day money challenge.
500 is just an arbitrary number to save, it’s a number that doesn’t sound as overwhelming as saving thousands of dollars. It’s a good starting off point.
Now keep in mind, I know not everyone will be able to save this amount in thirty days and that’s perfectly okay. If that’s the case, simply save half the amount for the day and make it a two-month challenge or longer. Make it work with your budget.
This is only a 30 day money saving challenge because it’s a short period of time to gain a win. Your 30 days will fly by and you will have saved $500. That is what I call a short term win and it will give you more momentum to keep saving.
How To Save Money in 30 Days
You may be wondering how you are going to save $500 a month for this challenge. Not all of us have an extra $500 just lying around. Either you need to cut down on spending for the month or make a little extra money.
Make Extra Money
There are so many easy ways to make a little extra money. You can sell items or clothes you don’t use anymore online, drive for Uber or Lyft, dog walk, etc. Just do a quick search and you’ll find tons of ideas.
Saving money to me is a lot easier than making extra money because usually there is something you can eliminate in your budget to put towards your savings.
This post by Dave Ramsey has some great ideas for saving money that you may not have thought of.
(Speaking of Dave Ramsey, this book will change your life & help you take control of your money!)
To save money, look at all your spending as a whole.
Is there anything you can live without?
For example, you could skip Starbucks and brew your own cup of coffee at home. Cut down eating out and instead opt to make everything at home. I mention food as an example because typically that’s the place that can easily get cut first and an area people usually overspend (me included).
My husband and I used to eat out once a week and it was around $40 for just the two of us. We can make a meal at home for a fraction of that cost, plus we’ll have leftovers.
Here are all my money saving tips for groceries.
(By the way this is my favorite cash back app for saving money on groceries! It’s so easy to use!)
Even if you don’t want to make a budget, just write down everything you spend your money on in a month and see if there is anything you can do without.
After completing your easy money saving challenge, I hope it inspires you to save even more and possibly start an emergency fund (if you haven’t already).
$1000 Emergency Fund
If after the thirty days you feel inspired to save even more money, print out a new challenge and start saving for another thirty days. This is an easy way to start building an emergency fund.
It’s always wise to have at least $1000 set aside for emergencies and from there you can keep adding to your emergency fund. Emergency funds are beneficial for unforeseen expenses or if you or someone in your household loses their job. Having an emergency fund will also give you some peace of mind because it always feels good knowing if anything happens, you’ll be covered financially.
Find out more about saving for your emergency fund!
Good luck with your saving money challenge!
Whatever your reason is for saving, whether it be to start an emergency fund, have some fun money, pay off credit bills, etc., good luck completing the challenge. You so got this!
I know if you set a little aside every day you’ll be able to save $500 in thirty days and even if you take a little longer to save this amount, that is awesome as well.
I’d love to hear from you guys once you have saved $500. Was it easy or hard? Are you going to take the challenge again? Be sure to comment below with your success story or let me know what you think of this money saving challenge!
Download your FREE 30 Day Money Saving Printable PDF here!
Hope this money saving chart helped you out!