
Here at Saving Advice, we love money challenges because they encourage you to pay yourself first and build an emergency fund. While you shouldn’t rely on a money challenge to build and maintain your cushion, it is a great and easy tool to help develop a positive habit. Challenges also keep saving money at the top of your mind.
As we enter the new year, many people are looking for ways to stick to resolutions and improve their finances. These money challenges have become an increasingly popular way to do so. There are quite a few variations, but a money challenge we find interesting that will save you even more in the new year, is the 365 day quarter challenge.
The 365 Day Quarter Challenge
The 365 day money challenge comes in different forms. There is the penny challenge and the nickel challenge, and, if you’re looking to take your savings to the next level, this is a great way to do it.
If you aren’t familiar with the 365 day money challenges, they’re pretty simple and straightforward. Usually, you’ll have a jar or container where you place money daily, as you do with the 365 day penny challenge. Physically putting money away every day helps with follow-through. However, for the first week of the quarter challenge, you’ll need to make sure you have cash on you.
How this Money Challenge Works
Each day, you’ll add another quarter to the jar. On the first day, you start with $0.25, on day two you’ll deposit $0.50, three quarters on day three, $1.00 on the fourth day, and so on. Within the first 30 days of this challenge, you’ll have $116.25 in your jar. It’s amazing how far a quarter will take you, isn’t it?
Let’s take a look at all 365 days:

Download the chart here. Print it out and place it somewhere very visible (like your refrigerator) to help remind you of your goals.
Automate Your Savings
If you don’t think you can commit to a money saving challenge, you might want to try an app that will do it for you. For instance, you can easily download and set up Empower. Empower will then analyze your account balances and automatically make small withdrawals, which are deposited into your savings account. This way it’s out of your hands and you can build your savings without even noticing the money is gone. Download the Empower app now.
The Real Challenge
The real challenge here is not saving money but rather doing it regularly and maintaining a savings amount. Many people have no idea how much to save and may only put aside money sporadically as they see fit. It might be tempting to veer off your savings plan to spend on something impulsive, but your bank account will thank you in the long run. You will also thank yourself if you end up in a bind and need your emergency funds. And, the cost of feeling secure is truly priceless.
What are your savings plans? Will you be trying the 365 day quarter challenge this year?
Read More
365 Money Challenge – Pennies
Alternatives to the 52 Week Money Challenge
12 Week Money Challenge
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Quarters should work if done properly
Wow, I saw the nickel one posted, I wonder if someone could post a dime one? I think the Quarter one is a nice idea too though, over $16,000 in a year is a nice nest egg to fall back on! I’d assume a dime one would net double of the nickel one though which would be over $6,600 which would still be a nice amount too!!!
Started at the beginning of this year (2018). Just having to put something away each has become a habit and an obsession. If I’m out of town for the weekend, I’ll but the weekend amount in my container before I go out of town. Just to keep me on track. Thanks for the challenge will let you how I do throughout the year.
I save a 20 oz coke bottle with dimes. Have over $$500. Use it for Christmas.
Janei
How much is just one quarter a day for 365 days
The chart is the article shows it. It’s over $16,000.00.
The chart is the article shows it. It’s over $16,000.00. Unless u meant literally just 1 quarter a day…which is approx $925 +.
Oops…I meant $90…NOT 900
It’s 91.25… one quarter per day
How is this even possible… If a dollar a day will get you only 365 dollars that year how come 25 cents will get you $16.000. This doesn’t have any logic…
Each day, you’ll add another quarter to the jar. On the first day, you start with $0.25, on day two you’ll deposit $0.50, three quarters on day three, $1.00 on the fourth day, and so on. Within the first 30 days of this challenge, you’ll have $116.25 in your jar.
Did you read the srticle?
Each day, you’ll add another quarter to the jar. On the first day, you start with $0.25, on day two you’ll deposit $0.50, three quarters on day three, $1.00 on the fourth day, and so on. Within the first 30 days of this challenge, you’ll have $116.25 in your jar.
Did you read the srticle?
By the end of the year you are putting over $90 a day in the jar… wish I had $90 a day to put in a jar…my car would be paid off within the year had I that kind of money each day
I can see like $10 a day since people spend that on coffee or lunch… but when you are getting into the $40 – $90 a day … not as realistic