Like pruning a garden, cutting subscriptions allows your financial garden to flourish Challenge Type: Expense Reduction Challenge Level: Easy Time Required: 10 minutes to an hour Savings Potential: Varies Challenge Description Do not let a month go by without checking to see if there is a monthly subscription or membership that you rarely use. Cancel that subscription and redirect the funds by setting up an automatic monthly transfer to your savings account for the same amount. On average, Americans spend a whopping $25.34 per month on subscriptions that go underutilized. That’s a staggering $304.08 annually that could be redirected toward […]

From pantry to plate, foster a sustainable tomorrow one meal at a time Challenge Type: Food Waste Reduction Challenge Level: Moderate Time Required: Varies Savings Potential: Up to 30% of daily food expense Challenge Description Challenge yourself to prepare a meal by utilizing the forgotten ingredients in your kitchen. Delve into the depths of your pantry, refrigerator, and freezer, with the intent of crafting meals exclusively from the ingredients already at your disposal. From canned goods to grains, spices to frozen vegetables, every ingredient becomes fair game in this culinary challenge as each meal becomes an opportunity to showcase your […]

A testament is written to the wisdom of restrain Challenge Type: Expense Reduction Challenge Level: Hard Time Required: One Week Savings Potential: Varies Challenge Description With the exception of bills and bare essentials, dedicate one week each month or every other week for an entire year to refraining from non-essential spending, without succumbing to the temptation of revenge spending in the weeks that follow. Unlike traditional no-spend challenges where the focus is solely on restricting spending for a set period, the No-Spend Week Without Revenge Challenge emphasizes sustainable, balanced financial habits. It’s not about suffering through a week of deprivation […]

Pen the rules that serve as the compass and chart to shape your financial future Challenge Type: Habits & Mindset Challenge Level: Easy Time Required: One Hour Savings Potential: n/a Challenge Description Create a personalized set of your own rules to govern your saving and spending. Rather than adhering to generic financial advice, such as “save 10% of your income” or “cut out discretionary spending,” create rules that speak to your desires and aspirations. It’s easy to forget what truly matters as life’s twists and turns can lead a person astray. In a world where distractions abound and temptations lurk […]

A small reduction in bills today leads to a vast increase in savings tomorrow Challenge Type: Expense Reduction Challenge Level: Easy to Moderate Time Required: One Hour Per Month Savings Potential: Varies Challenge Description Commit one hour monthly to explore strategies to reduce one of your bills by at least ten percent. This may require some persistence and ingenuity, but the potential savings are well worth the effort. Identify one of your recurring bills that you’d like to tackle. It could be your electricity bill, internet subscription, or even your insurance expenses. The key is to choose only one bill […]

On payday, guard your wallet like a fortress and keep impulse from breaching its walls Challenge Type: Habits & Mindset Challenge Level: Moderate Time Required: 48 Hours Savings Potential: Varies Challenge Description Hit the pause button on spending for a solid 48 hours once your paycheck hits your account. Except for bills and bare essentials, abstain from spending for the first two days following each paycheck. Have you ever noticed that your spending habits tend to change on the day you receive your paycheck? It turns out, you’re not alone. Studies analyzing electronic payments have shown that more than half […]