10 Saving Challenges to Start Saving Money (Even if You’re Broke)

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Whether you need to build your emergency fund or want to plan for a specific goal, these simple saving challenges can help motivate and keep you focused on saving money little by little, even if you don't think you have much to spare.

Every little bit saved now helps build peace of mind and a sense of accomplishment! So set a weekly, monthly, yearly or other goal and start growing your savings today with one of these challenges!


Penny Saving Challenge

By: Smart School House

This saving challenge from Smart School House is an easy one that you can start any day of the year.

All you need to start off is one penny! Every day you add a penny to the daily savings goal. So day one you save a penny, day two you save two pennies, etc.

After 365 days of saving your pennies, you'd end up with $667.95!

Since it just uses pennies this is an easy savings challenge to do with your kids or teens, or if you have a lower income.


$5 Bill Saving Challenge

By: Fabulessly Frugal

This next saving challenge is from Fabulessly Frugal, and it's another easy one that you can start on any day of the year. This is also a savings challenge you can keep doing for as long as you want.

All you have to do is save every $5 bill that you come across! Super easy, right?

I'm sure you're wondering how much you can save with this money saving challenge. Well, it all depends on how many $5 bills you end up with, and how diligent you are about saving each one.

According to the blog 1000 Life Hacks, there's was someone that had saved over $3,300 using this $5 money saving challenge!


6 Month $500 Money Saving Challenge

By: He and She Eat Clean

This money saving challenge comes from He and She Eat Clean, and it's another one that you can start on any day of the year.

This particular saving challenge is a shorter one, only 6 months long!

So here's how this one works, you just save a certain amount every month, and after 6 months you will have saved up $500!


3 Month $600 Money Saving Challenge

By: He and She Eat Clean

This money-saving challenge comes from He and She Eat Clean, and it's another one that you can start on any day of the year.

This particular saving challenge is super short – only three (yes, 3!) months long.

There are also two different ways you can do this challenge!

You can either save $200 a month for three months, or you can save $50 a week for twelve (12!) weeks. Either way, you'll end up with $600! That's a nice starting point for an emergency fund, or maybe a weekend trip? It's all up to you!


$1000 In A Year Saving Challenge

By: Fitnancials

This next money saving challenge comes from one of my favorite personal finance websites, Fitnancials. This is one that you start in January, so you have plenty of time to get ready before this one starts!

For this challenge, you save a certain amount each month, and at the end of the challenge you will have saved up $1000! That's the perfect amount of a starter emergency fund!


$1000 In 12 Weeks Savings Challenge

By: Mint Notion

This money saving challenge comes from Mint Notion, and it's another one that you can start on any day of the year.

If you want to save up $1000 pretty quickly then give this savings challenge a try.

With this savings challenge, you save a different amount each week, and at the end you will have saved up $1000.


Weekly Saving Challenge

By: Start a Mom Blog

This savings challenge has you save something every week for 52 weeks, increasing the amount by $1 each week. At the end of the year, you will have saved up $1,378!


$5,000 in 52 Weeks Savings Challenge

By Gathering Dreams

If you're feeling a bit ambitious, and want to save a larger amount over the next year, then this next savings challenge is for you!

This saving challenge is from Gathering Dreams. It does require you to save some money every week, but at the end of it you should have over $5,000 saved up!

This particular savings challenge might be a bit of a stretch, some weeks you need to save $155! Here are some things you can do to make extra money to help you reach your savings goals!


$5000 Saving Tracker with Fillable Stars

By Life's Carousel

I love this checklist-style celebratory tracker by Life's Carousel! With this tracker you don't necessarily have to have a set end date in mind, and can use the fillable stars as motivation to reach your $5,000 goal $100 at a time!

$10,000 In 52 Weeks Saving Challenge

By The Stingy Saver

The biggest / most ambitious savings challenge on this list comes from The Stingy Saver, and it's one that you can start any week of the year.

This particular challenge is for saving up for a down payment for a home, but you can always use the money for anything you want! Emergency fund, trip, or a new car!


So there you have it! 10 Savings challenges that you can use to help save up for your next big money goals.

If you like this list of easy saving challenges, pin it for later!

10 Saving Challenges to Save Money (Even If You're Broke)
10 Easy Savings Challenges to Help You Save Money (Even If You're Broke)
10 Easy Savings Challenges to Save Money for an Emergency

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