The 5 Best Money-Saving Challenges To Build Cash

Money Facts

 60% of Americans don’t have enough savings to cover a $2,000 emergency cost. 70% of Americans live paycheck to paycheck, and a mere 5% of Americans have savings over $10,000.   

Saving Money is Important

In light of these facts, we can see how important it is to save more money - for emergencies, retirement, and for fun along the way

Money Saving Challenges

Money Saving Challenges can help people save more money. Here are some of the best ones to try. 

The 100 Envelope Challenge

The challenge starts with 100 envelopes. That’s where the challenge got its name. 

The 100 Envelope Challenge

Label the envelopes from 1-to 100 and store them in a basket. Pick a random envelope each day and place cash equal to the envelope number inside. 

The 52-Week Savings Challenge

The money challenge is a slow yet steady process of building cash balance. The best part is you don’t have to come up with more than 52 dollars in a week. 

The 52-Week Savings Challenge

In the 52-week savings challenge, you’ll save money only once a week. There are 52 whole weeks in a year. You’ll save money equal to the week number. 

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