Whether it be a fitness challenge or a money challenge, internet challenges help millions of people reach their goals. This is why I created the 26 week money challenge, which helps you build up to saving a quarter of your income.
How Money Challenges Work
Before learning about the 26 week money challenge, you should be aware of how money challenges work. Money challenges are typically online challenges which help people save more money. Many people start with the 365 Day Money Challenge or the 52 Week Money Challenge. These money challenges usually have you save a certain amount of money each day or week and slowly increase it over time. S0metimes the process doesn’t work for everyone, so, like me, others have decided to design personalized money challenges.
The 26 Week Money Challenge
When you hear the words “26 Week Money Challenge” you might think of the bi-weekly money challenge. However, this version of the 26 Week Money Challenge simply takes place over half a year (or 26 weeks). Like other money challenges, you can start at any time of the year and simply follow the week-by-week organizational chart below. (I’ve filled it out with my first 26 Week Money Challenge, based on a $1,000 per week salary).
Other Money Challenges to Try
If the 26 Week Money Challenge above doesn’t seem like it’s for you, don’t worry. No one’s financial needs are the same. There are plenty of other money challenges out there for you to try. Over the years, internet users have adjusted the original money challenges to better suit their saving needs. Here are just a few money challenges you might want to try:
- 365 Day Penny Challenge
- 365 Day Dime Challenge
- 365 Day Quarter Challenge
- $5 Bill Money Challenge
- 12 Week Money Challenge
- Reverse Money Challenge
- No Spending Challenge
- Debt Snowflake Challenge
- Money Challenge for Kids
- Money Challenge for Couples
- Money Challenge for College Students
- Create Your Own Money Challenge
It seems like there’s a money challenge out there for everybody. No matter which way you do it, deciding to save money is one of the most important decisions you’ll make… even if it’s just a couple of dollars a day.
A Savings App Can Help
Money challenges are easy ways to get your savings started. However, you can also try a savings app that automates the process for you like Empower. For instance, first, choose a money challenge, then supplement your savings with an automated approach like the Empower app.
Empower is a favorite because it’s super easy to use. Just sign up and let the program analyze your checking account. It will then make small automated withdrawals that don’t impact your spending and sweeps them into an account you control. It is a super-easy way to save money without a lot of effort. Click here to check it out.
Have you ever tried a money challenge or savings app? Did you have success? Share with us in the comments below.
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Photo Credit: 401K 2012