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 […]

Even the smallest seed of savings has its place Challenge Type: Income Challenge Level: Easy Time Required: An hour per month Savings Potential: Varies Challenge Description Commit yourself to saving all your loose change found over the year, rounding up purchases to the nearest dollar and saving the difference. In addition, deposit cash rewards earned from credit cards and cashback apps into your savings account. It’s easy to dismiss loose change as inconsequential – mere pennies scattered on the sidewalk of life. But even the smallest contributions can add up to something meaningful over time. It’s not always about the […]

Seven ways in seven days to save $500 or more Challenge Type: Income Challenge Level: Easy Time Required: 1 Hour Daily Savings Potential: Varies The Kick-start You Need Commit to spend just one hour a day, for seven days, to work towards a simple yet powerful mission: to boost your savings by $500 or more this year. The idea of saving $500 in a year can quite frankly seem underwhelming. While an extra $500 would undoubtedly be a welcome addition to our wallets, the thought of dedicating an entire year to such a modest goal can feel disheartening. After all, […]

Work for your perks – harness them wisely Challenge Type: Variety Challenge Level: Moderate Time Required: Ongoing Savings Potential: Up to 30% of employee income Challenge Description Did you know that less than 7% of employees fully utilize their employee benefits? It’s a startling statistic that highlights a pervasive issue in the modern workforce. Employee benefits represent a significant portion of our total compensation – up to thirty percent (30%) of our compensation. Yet, many of us are leaving money on the table by failing to take full advantage of them. While the majority of workers are familiar with retirement […]

Stake a claim on your rightful riches Challenge Type: Income Challenge Level: Easy Time Required: 1 – 2 Hours Savings Potential: Varies Challenge Description You might have some money waiting for you without realizing it. A few quick searches could find you a fortune. From that old bank account you opened in college to the uncashed rebate check buried in a pile of mail, unclaimed property can often go unnoticed for years. But did you know that these forgotten assets don’t just disappear into thin air? They eventually find their way to a state’s department of treasury, where it waits […]

In every dusty corner, there’s money waiting be earned Challenge Type: Educational Challenge Level: Moderate Time Required: Ongoing Challenge Savings Potential: n/a Challenge Description In life, it’s inevitable that we’ll accumulate things we no longer need or use. The average American household has an astonishing number of unused things. From forgotten gadgets gathering dust to clothing that no longer sees the light of day, our homes often resemble storage units rather than sanctuaries. The question is, what do we do with the stuff we no longer need? You could follow the path of the average American, allowing these unnecessary items […]

The Subscription Economy is a calculated strategy designed to keep our wallets perpetually open. Challenge Type: Expense Elimination/Reduction Challenge Level: Easy Time Required: 30 minutes to 2 hours Savings Potential: $500+ Annually Challenge Description Benjamin Franklin’s timeless wisdom echoes through the corridors of the modern subscription economy. “Beware of little expenses – a small leak will sink a great ship,” he cautioned. It’s time to take back control of your finances and reclaim the hard-earned money that corporations have been slowly siphoning from your wallet each month. In today’s subscription based world, the reoccurring fee has become an integral part […]

A culinary journey to prevent starving the wallet Challenge Type: Expense Elimination/Reduction Challenge Level: Easy to Moderate Time Required: Ongoing Challenge Savings Potential: $500+ Annually Challenge Description Have you ever stopped to consider the true cost of dining out? Let’s face it, we all indulge in dining out from time to time. Whether it’s a quick bite between shifts or a well-deserved escape from the daily grind, eating out is often necessary to get us through the day. That’s why the Restaurant Reduction Challenge isn’t about eliminating dining out altogether; it’s about savoring those moments and still saving money. After […]