These days there are lots of ways to save money by setting yourself 'challenges' so you can set targets and regularly save cash.
Here are just some of the challenges but their are plenty more out there too:
- 365 day saving money challenges: This involves saving a certain amount each day. You can start on the 1st of January and complete the challenge at the end of December2.
- The £1 challenge: This easy money saving challenge involves saving £1 each day. So, in your average year, you’ll save £3652.
- The 1p challenge: This starts with saving just 1p on the first day but results in you saving over £300 more than the £1 challenge.
- The £1,500 challenge: This challenge is the hardest to stick to. But the rewards are high. With this method, you’ll save almost £1,500 (£1,456 precisely).
These are just a few challenges to save money but if you know of any others get in touch with Money Moo in the comments section below.
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