Don’t you just love challenges? Especially challenges that when completed leave you with a super awesome reward? Well, I decided to start my own 52 Week Money-Saving Challenge for the New Year. If I keep up with my weekly savings goals as outlined in the chart, I will have saved a total of $1,378 by the end of the year. I think this will be a little bit easier to stick with than the savings challenge I attempted last year. I will keep these savings in a savings account at my credit union (I do not have a debit card to use on this account) and I am not allowed to touch it unless it is an absolute emergency.
You can click the image below to download and print off your own savings chart for this challenge. I will be highlighting each week as I make my deposits.
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This is a challenge that we will be completing as a family and to make the process just a little bit easier, we came up with a few fun and easy ways to save money. Check it out below.
- Use a family change jar– Whenever we clean out our pockets and wallets or find loose change around the house, we’ll add it to our change jar. Once the jar is full, we’ll count up all of the change, put it in a coin wrap, and send it off to our savings account.
- Coupon clipping party- couponing can be rather time consuming so it is not something I do very often. However, I thought it would be a good idea to get the entire family together on the weekend so we can clip coupons together and find some great deals. We could save a wholeeeee lot of money just by couponing. It’s even better when we’re actually having fun doing it.
- Attend free family events- we spend a lot of money on entertainment so if we could attend FREE events more often, that would help quite a bit with our savings challenge.
- Host a clothing swap- I plan on hosting a clothing swap where we get together with other parents and bring together all of our kids’ unused clothes or items that they have outgrown and swap with other families. Clothing expenses can get rather high especially when you have younger kids that are constantly outgrowing their clothes so this is an excellent idea.
- DIY- If you’ve been following MajorLeagueMommy for a while, you may already know how much I love DIY projects and certain projects are much cheaper if you just make it yourself. There are certain skin and hair care products that I could make at home and save A LOT of money on. This is also true for meals, gifts, etc. We could complete some really fun DIY projects as a family while cutting back on the spending.
- Cook meals together- instead of going out to dinner, we can work together as a family to prepare a cost-effective dinner. This is a great opportunity for quality family time and lots of fun.
- Make a progress bar- using a dry erase board to draw and color in a progress bar makes it easy to keep track of how close (or far away) we are from meeting our savings goals. The kids may also enjoy coloring it in and seeing the progress for themselves.
- Exercise at home- going for walks, a family bike ride, or doing yoga together is not only great exercise and a great way to spend time with the family, but it is also an excellent way to save money on gym memberships and gas to and from the gym.
- When treating yourself (or the family) to a certain product or event, use deal sites such as Groupon- I have the Groupon app downloaded to my phone so it is super convenient to access deals. They also have excellent deals on special events and certain products that I am interested in buying. Just because we’re trying to save money, doesn’t mean we can’t treat ourselves every once in a while!
- Recycling- we will definitely be Collecting all of those unused cans and bottles and making a trip to our local grocery store to cash those babies in. Whatever we collect, will go right into our coin jar, household piggy bank, or straight to the credit union (depending on how much it is).
These are just a couple of fun things that we will be trying to help us throughout this savings challenge. Do you have any other good ideas? Comment below!
Feel free to join us on our 52 week Money saving challenge and update me on your progress or things you have tried that helped you save. Thanks for stopping by MajorLeagueMommy. Happy Parenting!