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2013 Money Saving Challenges

January 5th, 2013 at 03:28 am

I've been looking for some money challenges to do for this year. Something in order to help me save.

I happened to see Wealthy Warrior's challenge and have decided to participate. You can look at their challenge yourself if you'd like at http://beawealthywarrior.savingadvice.com/2013/01/02/52-week-money-challenge_99973/

Basically for the 52 week challenge, every week you put that amount of money in the bank. week 1 is $1, week 2 is $2, etc. I'll either do 52 weeks or break it up into two 26 week challenges.

Also I will do a money jar challenge. Whatever change that I have will go into the money jar to be tallied monthly. At the end of either the year or quarter, this money will be added to my savings account (I haven't decided yet).

I'm also going to do an Ebay challenge which would be to sell $500 by the end of the year.

I've heard about snowflakes. I think that is basically extra money that comes your way of doing extra things (not neccessarily a job but extra monies that are earned). So I will do a $250 Snowflake Challenge.

If any of you can think of any other suggestions for money saving challenges, just drop a line.

So far for 2013 my saving money challenges are:

52 (or 26) Week Challenge
Money Jar Challenge
$500 Ebay Challenge
$250 Snowflake Challenge