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20 Simple Money Saving Challenge to Save More in 2022

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Do you want to save money?

Obviously, if you are here checking out the money saving challenges from Money Bliss!

You all love the concept of saving money!

But, we may not have been as successful as we hoped in the past. And that is okay! Give yourself some grace and start afresh today.

Everyone knows that a penny saved is a penny earned.

By participating in one of our challenges, you can save money and have fun while doing it!

Let’s face it, we live in a world of economic struggle. With many people struggling every day to make ends meet and pay the bills, is there anything you can do to save money?

A simple solution: Start by paying yourself first with one of these money challenges.

Still not optimistic?

Here is a tidbit from a reader, E.P.: 

“I completed the $10,000 challenge in 2019! It goes to show that if you can scrape the money together to meet weekly targets it’s possible to put that much aside without having a 6 figure job 🙂

I just remember that progress isn’t linear and not to get too down on myself.”

That is just one story. 

All you have to do is visually see yourself saving in 2022.

We have rounded up all of the best money challenges on our site, so you have one resource to bookmark and come back each time to try a different challenge. All with one purpose in mind… save money to lead your best life.

What are some money saving challenges?

One of the Money Bliss money saving challenges is the perfect way for you to save money every day, and become rich with your persistence and dedication.

Join our Money Saving Challenge today and start saving your pennies– we’re all in this together!

Save money with our money saving challenge! Learn how to save money every day, and become rich. There are 20 options from 52 week, biweekly, 100 envelope, monthly and more! Don’t miss these simple way of saving your hard earned cash.

What is a Money Saving Challenge?

A Money Saving Challenge is a challenge that lasts all year and you can repeat them as many times as you want.

There are many different money saving challenges! All to prove you are capable of saving money.

You can start the challenge at any time throughout the year.

Even better, you can pick the money saving challenge that works for you, your income, and your lifestyle!

This savings goal challenges people to live with less in order to get more out of their lives and find happiness at the end of the year!

Money saving challenges can be tracked easily with any of our printables. Throughout the challenge, you are able to track your progress and see how much money has been saved by following the predetermined rules for each challenge.

Why Complete a Money Saving Challenge?

Person playing chess and showing money to say to complete a money saving challenge.

This challenge works because it helps you save money.

The goal of completing a money saving challenge is to save as much money as possible in a certain time period. The best way to complete the task is to follow the instructions and then track your savings. This is a great way to spend less money and save more money in the process.

And that is why you keep coming back year after year to try a new one!

A money saving challenge is where you are in control and can save as much or as little as you want. You can set your own goals and progress bars for yourself to see just how well you are doing.

When we participated in one of our first money challenges, it changed our spending habits for the long term. You can also use a challenge to help learn how to budget your spending, too!

Why a Huge Roundup of Different Money Challenges?

Picture of a puzzle to show the number of money saving challenges to try.

A myriad of different money challenges has been created for a variety of reasons. Many people participate in these challenges as a way to improve their financial situation, help others, and/or just for fun.

Since everyone is at a different place financially, we wanted to provide as many options as possible.

Another reason why there is such a huge variety of these types of challenges is that each one can help people pay off debt, save up for vacations, build an emergency fund, or set aside extra funds during back-to-school shopping season so you don’t have any surprises when your kids come home with tons of new clothes.

My readers know that these money challenges work and they have seen great success!

You need to pick one today that will work for your current financial situation, bookmark the page, and then come back to find the next money challenge.

Money saving challenges can be fun and effective.

It’s not only fun but it also helps increase awareness about getting rid of unnecessary costs and saving up for future goals with this type of challenge!

The Best Money Saving Challenges

Picture of a saving pig with this is my year to save on it.

The best money saving challenges are the ones that allow you to save a lot of money and still accomplish your goals.

The best way to do this is by focusing on what your priorities are and what you want to accomplish.

We’ve compiled 20 money saving challenges that can help you save money. These are the best and most effective ways to make a difference in your life, no matter what budget or lifestyle you’re living on.

These challenges will help you take full control of your finances and change how much more cash is sitting around every month for yourself!

52-Week Money Saving Challenge

The 52-Week Money Challenge is a financial goal created for those who want to save more money in the span of 52 weeks.

The weekly money saving challenge is an opportunity for people to save $1,378 by the end of the year by saving $1 more dollar a day. It’s a simple idea: every week, you put in $1 and at the end of 52 weeks, you have more money saved fairly easily.

Other alternatives for the Money Bliss 52 week money saving challenge is to save $3000, $5000, or $10000 over the course of 52 weeks.

Action Step: Learn more about the 52 week money saving challenge.

Reverse 52-Week Challenge

The reverse 52-week challenge is a way for people to save money by starting with a bigger amount of money at $52 and working their way down by saving $1 less each week.

The reverse version of the 52-week challenge allows you to start by saving $52, and then work your way down by $1 each week. The goal is for people to help themselves out while they save money on their bills.

This is a great way to kickstart your saving money experience. In case, motivation wanes over the 365 days then you have already saved a majority of the money.

Action Step: Learn more about the reverse 52 week money saving challenge.

Flexible or Hacked 52 week Money Challenge

This allows you to be flexible and you can save different amounts each week.

For many people, this is a great way to sock away extra cash when they have it.

You can adjust the amount you save each week, but at the end of 52 weeks, you still have the same amount saved in your goal.

Action Step: Learn more about the flexible or hacked 52 week money saving challenge.

The 26 Paychecks Challenge or Bi-Weekly

The 26 Paychecks Challenge is a bi-weekly money saving challenge.

There are two ways you can work this challenge by using the same printable tracker on the 52 week challenge:

  1. You can choose to do it over a span of two years instead of one year.
  2. You can double up and save two weeks for each bi-weekly paycheck.

Either way, you are still saving money, which is a win!

Action Step: Learn more about the bi-weekly 52 week money saving challenge.

Monthly Money Saving Challenge

This popular monthly saving challenge allows you the chance to save money each month by participating in the monthly challenges.

This works well for those who budget on a monthly basis.

For these monthly challenges, you will save $1000, $3000, $5000, $10000, $15000, $20000, or $25000.

Plenty of options to find one that suits your income and budget.

Action Step: Learn more about the monthly money saving challenge.

Twice per month Saving Challenge

If you are paid twice per month or 24 paychecks per year, this challenge is for you.

This money saving challenge helps to pay yourself first with each paycheck so that you live on the rest and spend money on the things that matter most.

To save money with our challenge, you will be saving a set amount for each paycheck.

You have the flexibility to decide how much you can save per paycheck, but save at least 10% of your paycheck. Even better to hit 20% savings target.

This is done twice per month and should help contribute to your overall savings goals.

Action Step: Learn more about the twice per month money-saving challenge.

100 Envelope Money Saving Challenge

The 100 Envelope Money Challenge is an extremely popular and trading way to save money! And the premise to save is super easy!

Over the course of 100 days, you choose a new envelope with the numbers 1-100. Whatever number envelope you choose, you must save that amount that day.

The 100 Envelope Money Challenge is an ideal option for anyone who wants to aggressively build up savings quickly.

The 100 envelope money challenge is a way to help people save for their future; specifically, save $5050 in 100 days!

Action Step: Learn more about the 100 envelope money challenge.

No Spend Challenge

The No Spend Challenge is a simple program that promotes saving money and living below your means.

You pledge to spend no money for a set period of time. There are different rules and guidelines depending on the type of challenge, but generally, the challenge period will be between 14-30 days.

The goal is to create an environment in which you are forced to think creatively about your spending habits and how you can better manage your finances.

For us, a no spend challenge gave us insight into our spending habits while also encouraging us to save more money in order to reach personal goals, which was to pay off debt.

Action Step: Learn more about the no spend challenge.

Spare Change or Rounding Up Challenge

Spare change or rounding up challenge is another option that can help you save money.

With this spare change challenge, you can do it with coins or digitally!

Collect your spare change/coins and hold onto them for a big purchase later on!

Or use an app that automatically rounds up all of your purchases and starts investing for you.

For example, if you spend $15.26, you will save 74 cents by rounding up.

Action Step: Sign up to automatically save your spare change.

365 Day Nickel Saving Challenge

Picture of nickels for the 365 day nickel saving challenge.

The Nickel Saving Challenge is a common, yet simple math problem to save nickels, and each day you double the number of nickels saved.

Simply put, with the Nickel Challenge, you save one nickel on day 1, two nickels on day 2, three nickels on day 3, and so forth throughout the year.

By day 100 of the nickel challenge, you will save $5.00 and accumulate $252.50. On day 200 of the nickel challenge, you will save $10.00 and accumulate $1005. By

Over the course of the year, you can save $3,339.75 with the simple 365-Day Nickel Challenge. Now, you know why it is popular!

Action Step: Pick your saving jar to hold all of your nickels!

$5 Bill Challenge

The $5 Bill Challenge is a fun challenge that can help you learn to be more resourceful! It teaches you how to look for money anywhere, but also helps them spend less and save more!

The $5 Bill Challenge is a challenge to save money based on all of the five-dollar bills you receive or find. The person receiving the five-dollar bill must keep store it for a year to see how much they can save.

As an alternative, if you are feeling uncomfortable with $5, try the challenge with one-dollar bills. You can find out just how much money that is in your pocket!

A jar with $5 bills can be used as an extra savings boost. It is recommended to put the money in a clear jar so it is easier for you to see how much money there was before and after putting more money into it.

Action Step: Pick your saving jar to hold all of your dollars!

10K Money Saving Challenge

This money challenge is hands down the favorite among readers at Money Bliss.

It was created in order to help people save $10,000 in just one year.

For many people, saving five figures is a big deal and one that is difficult for many to overcome their money blocks on.

If you are serious about committing to a challenge, then the 10k money saving challenge is just for you.

Action Step: Start your journey to save 10000 in a year.

5K Saving Challenge

The 5k saving challenge is a savings plan that helps people to save $5,000 in 6 months or $5k in a year.

Five thousand dollars is the right amount of money to save for a vacation, Roth IRA, or many other big purchases. Thus, this is a popular amount for people to save.

Shift your thinking and begin to experience financial freedom while saving 5k in a short amount of time.

Action Step: Learn how to save $5000 in 6 months or complete it in one year.

30 Day Money Challenge

The 30 Day Money Challenge is a challenge where each day you focus on creating better money management skills. Very likely, by the end of the 30 days you are in a better spot financially and starting to save more money.

The goal of the 30 Day Money Challenge is to save money. The challenge runs for 30 days and tasks users with saving as much as possible.

Action Step: Start the 30-day money challenge today.

The Pantry Challenge

The Pantry Challenge is a recipe for how to stretch your food.

Instead of adding grocery items to your cart, you must first “shop” your pantry or freezer.

Typically, when we hold a pantry and freezer challenge, we cut our grocery bill in half. It forces us to be creative with the things that we have already spent money on.

The Pantry Challenge is a grocery shopping challenge that gives your wallet a break from going to the store for one week. It helps you achieve food savings and avoid wasting money on groceries.

Action Step: Learn to stock your house with cheap food.

Challenge Yourself to Turn 100 into 1000

Money can take time to save. To increase the pace of saving money, look at ways to increase your money.

This is a great challenge to think outside of the box on how to turn 100 into 1000.

That would be nice, wouldn’t it?

Honestly, making money may be easier than trying to squeeze every last cent out of a dollar.

Action Step: Find the exact ways to turn 100 into 1000.

Habit Jar

Picture of someone putting money into the habit jar to save money and break bad habits.

The Habit Jar is a money saving device that combines the idea of breaking or creating habits with money saving. Every time, you save money on a bad habit, the money goes into the jar.

Plus the habit jar is an easy way to track your progress in achieving habits. Some people use them as a way to keep track of their personal goals, such as saving money or stopping bad habits.

When you reach your goal, take out the money as a reward!

Action Step: Pick up the book Atomic Habits to truly excel at making changes.

Weather Savings Challenge

This weather saving challenge is purely fun and a great way to save money that is outside of our control.

Each day or once a week, deposit money the equals the average high temperature in your city.

For example, if it was 65 degrees out, you would move $65 into your savings account. If you live in a hotter climate you will be saving much quicker than those dealing with frigid temperatures.

This is a fun way to save for vacations to escape to somewhere else!

Action Step: Open up your savings account to start that vacation fund.

Christmas Money Challenge

This is how you afford Christmas without all of the stress.

Throughout the year, you save money each month to be used during the holiday. This Christmas money challenge is super simple to do.

By saving $50 per month, you will have $600 when Christmas rolls around. Want to save more, do it!

Action Step: Start a Christmas Saving Fund today. up your savings account to start that vacation fund.

My Favorite Money Saving Challenge

Picture of a caricature of a man pushing a big dollar sign up to represent the best money saving challenge.

For the last money saving challenge, I want to share with you my personal favorite.

The reason is simple.

It is easy to track year over year and make sure you are on track to reach financial independence.

Did you know? The more you save today, the less you have to save tomorrow.

That is why I love calculating my saving percentage.

This is a great personal finance ratio to know.

You can increase your saving percentage each month and then work on increasing it, even more, each year.

For example, if you are saving 10% or $6000 this year, by increasing your saving percentage by 1% for a year, you now save $6,600.

This is a great way to tailor your saving by how much you make.

Action Step: Begin to increase your saving percentage each year.

Which Money Saving Challenge will you Choose?

If you are looking for the Money Saving Challenge, it is the one that doesn’t start with “Old” or “New Year.”

The perfect money saving challenge is the one you start today.

Hopefully, this money saving challenge post has inspired you to start saving today.

We know we have inspired thousands of other readers.

For now, we cannot wait to hear your success story like the one above.

Are you ready to save money in 2022!?!?!

Make sure to grab your money saving challenge printable – exclusive for our mailing list only.

Start saving with our Money Saving Challenge today!

Serious Way to Make More Money

One of the best ways to improve your personal finance situation is to increase your income. Here are a variety of side hustles that are very lucrative. With time and effort, you can start enjoying the lifestyle you want.

Know someone else that needs this, too? Then, please share!!

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