How do I complete a monthly saving challenge?

This is the simplest method to complete any of the monthly saving challenges. Every single month you save the exact same amount. To figure out the amount to save, take your monthly saving challenge amount and divide it by 12. Example #1: If you are saving $3,000, then you would need to save $250 a month.

How much should I save on a money saving challenge?

A good rule of thumb is to save a minimum of 50% of your monthly saving challenge amount. Key Note: If you know the amount you may receive in a bonus or tax refund, then take that amount from your money saving challenge amount. Then, use the new amount and divide by 12. For example, you want to save $10,000 this year.

What is the nickel savings challenge?

The nickel savings challenge and free printable are great for saving if you need visual motivation! Save over $3,000 in a year to use toward your emergency fund, get out of debt, or start building wealth. What Is The 365 Nickel Savings Challenge? For this challenge, you start with just 1 nickel and add by 1 nickel each day for a year.