Money saving challenge is very important for any person in world because we fully depend on money.
Money is not only use for make happiness in our life but also it helps to complete essential requirements.
Now we know that when our requirements also going to get increases. Here we need to understand, that is we have to save money for better future.
Money saving can help us to survive in this world with people who have already successful.
We have seen many people are trying to save money but they are not able to follow their schedule which they have made.
Also we have seen peoples, They have’t start save money until now. We know that every year start with some resolution but question is that Really we follow that?
The decisions which you have taken that you should take as challenge. you have to excitement about that. Then definitely your dream will come in reality.
Take your New Year resolution as challenge and decide “I want save some money at the end of this year”.
Money saving challenge will help you to save some amount of money. This amount you can use for making your bright future.
Here are the some challenges you can use them and end of the year you will good amount in your hand.
Also Read This – 7 Best Ways to Save Money in India
The 52 Weeks Money Saving Challenge
We know that depends on salary people can save daily, weekly, monthly.
Savings are not easy task for those people who have less salary in their office. But saving is necessary for everyone.
If we work 30 days for salary, so we have to save some money for our future expense. Unnecessarily money spending is not proper. Then definitely it is not a proper money management.
Therefore this 52 Weeks money saving Challenge is for those people who are not able to save money daily.
Money saving habit is always helping you to become good management expert. Here you resist yourself from buying unwanted things.
How it works?
52 weeks saving challenge is very popular saving challenge. It helps you to understand long term saving plans.
We know that 1 year having 52 weeks and here we can start with 50 rupees. Then next week we can save 100 rupees. You need increase your amount by 50 every week until 52 week.
We can see all details in following tables.
|Week No.||Deposit Amount (Rs)||Total Balance (Rs)|
We can see at the end of the year you will have 68,900 Rupees. 68,900 rupees is not less amount for any common man.
If you fallow this schedule for each week definitely you will achieve your goal.
When 68,900 amounts will in your hand then that moment will very special for you. Because this money is saves by your hard work.
Some peoples are not comfortable with 52 week money saving challenge then we have another money saving challenge for them that is Monthly money saving Challenge.
Monthly Money Saving Challenge
Monthly money saving challenge is quit same as weekly challenge. Here people have more time to save money.
Here peoples having four weeks to save money and then they can deposit amount.
12 months time for saving and people can start from 500 rupees. It is an enough amount for starting monthly saving.
Challenge is you have to increase the amount of deposit each month by 500.
How it works?
For example if you deposits 500 rupees January then you have to deposit 1000 Rupees in February and 1500 for March. This you have to do that for next 12 month.
|Months||Deposit Amount (Rs)||Total Balance (Rs)|
Here at the end of December you will have thirty nine thousand rupees. This amount is very high. And other peoples are not able to earn this amount in month. But you have save this amount which is incredible.
Ones you will get confidence in your life then you can achieve everything, whatever you want in your life.
Daily Money Saving Challenge
Daily expenses also matter in our monthly budget. You have seen most of money we have spend for travelling, food, home expenses etc.
Here is daily money saving challenge which can help you to save some amount of money at the end of month.
In this challenge we will save less money but for non working woman and student can follow this challenge.
Here we have divide month in four weeks and made schedule for week. Here we start saving very less budget which is 10 rupees.
Then Monday to Saturday we have to increase deposit amount by 10 rupees.
How it works?
|Day’s||Deposit Amount (Rs)||Total Balance (Rs)|
We can see at end of the week we have saved 280 rupees. In full months if we follow same schedule then (280*4 = 1120 rupees).
We know that 1120 rupees amount is very less but this can our starting.
We know that this amount is not so big. But saving is the amount for your future.
Here we can learn how we can save money in daily life.
Mini Money Saving Challenge
We have discussed about different money saving challenges but that challenges are for working persons.
Here we are going to talk about mini money saving challenge for students. We know that money saving habit is should having students. Student can start saving money from their pocket money.
Students don’t have money to save but they can make piggy bank to save money. If parents start to encourage them to do this thing as an activity, definitely they will do this.
You can also teach them skills about money saving which will help in their future.
Here student can start Mini Money saving Challenge with very less amount (5 rupees). We can make schedule for one week here.
How it works?
First day Monday you have to add 5 rupees in your piggy bank. Then next day Tuesday you need to add 10 rupees. Every day you have to add extra 5 rupees than previous day. This process you have to repeat till Sunday.
You can follow this chart:
|Days||Deposit Amount (Rs)||Total Balance (Rs)|
You can see in above chart there at the end of week students can able to save 140 rupees in their piggy bank. If calculate this amount for one month’s then this will (140 * 4 = 560 Rupees).
We know that this amount is not big but intention behind is that students should have knowledge about money saving.
This money saving challenge can make students experts in other skills.
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You have seen some money saving challenges in our post but this will only help you when you will follow strictly in your schedule.
Regular habits are very important if this habit you adopt, definitely it will help you to grow your money in your account.
If these Money saving challenges help you then please comment down in comment box and also share our post with your friends.