More Cool Money Challenges

More Cool Money Challenges

The beginning of the year is a good time to start saving money and I love participating in the different money challenges. Today I’m going to show you a few more cool money challenges.  I have done the 52 week dollar money challenge and the 365 day penny challenge for a few years and love having a good bank roll at the end of the year.  When I do a challenge I like to start in the reverse so I put the higher amount in my jar in the beginning then at the end of the year the weekly or daily amount is less.  I mark off the week on the chart that I am putting in the jar.  Sometimes I skip around if I don’t have the full amount needed for the week.

 

For this year’s dollar money challenge, I had a $20 bill so I started with that.  For the penny challenge, I do the same thing, I mark off the day I’m adding to the jar to keep track.

 

I also have a small dish by my mark off sheet and drop any pennies in there until I have enough to mark off a date. I’m using a temporary container for my pennies until I get another soda bottle.  This is my blog I wrote about these two challenges. http://themarthareview.com/52-week-money-challenge/ 

But I also have a some more cool money challenges that are easy and fun to do.  Even the kiddos will want to get in to helping out plus it’s a good way to teach them about saving money.  These don’t have any certain amount that is added on a schedule, just when you have loose change.

I am using a 2-liter soda bottles, one for nickels, the other for dimes.  I read that when the dime bottle is full, it’s about $500.00!  I’m not sure how much a full bottle of nickels will be but I’m working on it!  Since the opening on the soda bottle is too small for a quarter and I didn’t want to cut it, I am using a half-gallon milk jug for my quarters. That too will be interesting to see how much it will end up as when the jug is full.

 

The bottle challenges can be cashed out when full or at the end of the year.  I have my change jugs on the table and I joke that anyone who visits has to drop their change in them.  I did start my quarter jug with a quarter I found on the ground and I looked up to heaven and thanked my mom for added that quarter.

There are many other ways to save the money from the jugs and some people buy gift cards after they reach a certain amount to save for Christmas gifts.  Personally, I like to just save the money in my jars, sometimes gift cards charge if you don’t use them within a certain time or a store can even go out of business.   The other thing you could do is find out if your bank has a no minimum, no monthly service charge account and drop the money there weekly or monthly.  You have to be self disciplined to have your jugs around and not dip into them but once you start to see them fill up, you will be so excited that you are saving and you will want to keep going.

These are links for printable charts for the weekly dollar and the daily penny challenge. Just check off the day for the amount you are adding and watch your savings grow!!

https://www.money-challenge.com/tools/52-week-money-challenge-printable-chart

https://www.savingadvice.com/articles/2014/01/01/1019727_365-day-money-challenge.html

So are you ready to fill your bottles, let me know how it’s going!

 

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Martha Demeo

I started my blog to review products. Since then it has evolved and now I teach people how to earn money online from the comfort of their home. Join the conversation. Leave a comment below.

8 Discussion to this post

  1. What a great idea!! That would be a neat way to save money for Christmas gifts, like you said. I’ll have to give that some thought. I mean, even if I didn’t do it every day, after a year, it could still add up to something that would be good.

  2. Anne says:

    Love the money challenges. I just totaled up all the money I found this past year. I find coins every single day and sub total them monthly. Including the $20 bill I found, I ended 2017 with $76.20! I walk everyday on some well trafficked areas. It is like hitting a jackpot! At years end I buy Apple stock and watch my money grow again! I’ll have to try some of your ideas!

  3. Suzanne says:

    These are some neat twists on the 52 week challenge! I think my little will enjoy this! Thanks for sharing these ideas, Martha!

  4. Martha says:

    These challenges are so much fun Jeanine. The neat thing about the nickels, dimes and quarters, there is no set amount to add, just when you get change. I do the dollar and penny each year and sometime I miss a week but catch up by the end of the year. It’s just like UBC, when I start a challenge I’m determined to complete it! Let me know how you do with it, anything saved in the jars at the end of the year will be better than an empty jar!

  5. Martha says:

    What a cool way for your challenge Anne! I use to find quite a bit of change in parking lots but I think people are being a bit cautious when they drop change now. I still do good and the change jars are new to me, I use to just dump them all together. But I’m always looking for an exciting way to save. I’ve told my friends to be prepared to drop any loose change in the jars when them come visit! LOL What a great idea to take you jackpot find and purchase Apple stock for a double jackpot! Let me know your totals for the end of this year!

  6. Martha says:

    There are so many different ones now Suzanne but these are some of the fun and easy ones. I think it’s a great way for little ones to learn to save and then at the end, let them go on a shopping spree for half and save the rest! Let me know how your little one does! Thanks for stopping by.

  7. Lily Leung says:

    Martha, it’s a cool way of saving money. I have little stashes here and there. I usually forget I have them but such a good feeling when I find them again. It’s like having extra money.

    Lily

  8. Martha says:

    I love “finding” stashes of money Lily! I sometimes have a small amount in a bank envelope, put it in my pocketbook and when I clean it out, I find the treasure! Thanks for stopping by and keep finding your stashes!

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