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If your goal is to have a more financially secure future, it’s easy, you just need to start out on the right foot this year with this easy Money Savings Challenge. 

Starting with a saving goal in mind right at the beginning of the year is a fantastic way to start a new habit for the new year and make it different. This 39 weeks Money Saving Challenge works with any budget, so you have no excuse at all.

You can start this money challenge with just $1 for your first week, and as new financial hobits develop, the amount of money you’re saving will increases with time. 

Just ask yourself, how many times you blow $5 or more on something that added little if not any value to your life? Like most people, the answer is “PLENTY OF TIME!” But imagine if the answer is “NO”  I’ll let you think about that my friend.

A saving money challenge is simply a life-changing process that will help you save money by not spending it in unnecessary things and make the most of it. 

This 39-week challenge is designed to save an extra $1000 in an easy way that is suitable for every budget. You can feel free to increase the saving if you have enough budget.

saving money challenge

Find Some More Money To Save

Now that you’re in a good mindset for this money saving challenge, let’s find out some other things you can do to save even more money. You need to know that you only have two options when it comes to increasing your savings. You can either increase your income or Cut Expenses.

Cutting Expenses

Let’s start with the most common thins that most people tend to spend more money on. If you do cut expenses the right way, you can even double this challenge and save more than $2000 this year. If you want more in-depth about this subject, check out the Things You Are Spending Too Much Money On.


Food are one of the biggest things that most people spend thousands of dollars each year. Now we’re not saying that you should stop eating, but sometimes you find yourself eating outside and spending money when the real healthy food is in your house.  So if you’re looking for a starting point, this is the best place, to begin with.


Almost 90% of people pay $10 to $13 a month on subscription services, it may not seems that expensive, but they definitely add up over time. Series, movies, books, workout coaching online, all these increases your monthly spending. If you are willing to put just a little work, you always will find some free or cheaper alternatives.

Movies: Redbox is just $ 1.75-way cheaper than going to the movies or renting Apple TV.
Books: go to the library and take any book you want.
Concerts: just check your city website and you will find some free festivals and events.


One time I went to the Grocery store just to buy some dog toys, and I end up spending more than $100. It’s not the first time it happened to me, and I’m sure it happens to almost everyone. That’s why you always need to write down the things you want to buy and don’t ever go over it.

Sport and Gym Membership

At the beginning of each year, almost every single person has so much energy and motivation to make some changes in their life. But this motivation usually lasts for a week or two (other people last forever) if you don’t the right mindset. On those motivation moments, people spend a lot of money, like a gym membership. So if you want to go fit this year, just go with it and don’t wast $100 a month for nothing “complete what you started”.

Make Extra Money

The other option is to make extra money to help you with your savings AKA side hustle. Check out these simple and easy ways to make some cash in your free time.

For more making money ideas check out our making money category.

Selling your stuff

Look around your house and see if you have anything that you are no longer need or use. Once you find a few, take some great pictures of them and go and sing up for eBay and start selling them. You can even promote them in Facebook groups, Craigslist, Flea Markets, Garage Sales and more.

Take Surveys

Surveys are one of the easiest and fastest way to make extra money online. There are a lot of survey companies that pay you to share you thoughts and ideas of one topic with gift cards or money in return. But be careful some survey sites are scam, so make sure to sing up for just the legit once. These post will help you choose the right company for you.

Sell Your Services

Writer, god walker, baby sitter, house cleaner, gym trainer. If you are really good at something, why not take advantage and start making some money with it.

Uber Driver

Uber is one common thing that most people do, and you can definitely make some extra money with it. All you need is a car and good skills in driving.

What Happens Now

Once you have the right mindset for this money saving challenge, then it’s time to start. It’s not that big of a deal saving $1 or $3 a day, but when you follow the 39-week money saving challenge it will become a huge one. And you will finally be able to go to your dream destinations or buy your dream computer. 

You probably need to open a dedicated account with an online bank to hold all your weekly deposits. This way you will maximize the impact of your savings efforts.

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