Then, cut unnecessary purchases out of your budget for 30 days - such as takeout coffee, retail therapy, or home supplies that rack up a hefty bill. Using our printable, list expenses you will need for the month - food, gas, and bill payments, for example. Test your spending habits with a no-spend month. Check your account every morning to see which categories cost you the most. Create an account on the Mint app and link all your cards and accounts. To be mindful of your money, start tracking your money on a daily basis. Sixty-five percent of Americans don’t know how much they spent last month. You may not know where your money goes every month. Delete all your food delivery apps and fill your fridge with affordable, healthy snacks to cure any sudden cravings. Cook, eat, and drink at home for every meal of the month. Avoid the financial burden of eating out by trying your hand at cooking. On average, people spend over $2,000 on takeout food each year.
To reset your financial goals, or test your spending habits, try one of our budget challenges below. If you’re saving up for a big purchase or want to build your savings account, a 30-day no-spend challenge can put you on the right track. Keep reading or skip through each section to see which you’d like to take on this year.īudget Challenges to Spend Less and Save More Here are 35 monthly challenges to inspire you to build routines one day at a time.įrom tracking your spending to building your career, we have a few challenges for you to try. One way to combat these obstacles is to gamify your goals and set fun achievable challenges for yourself. Plus, it takes an average of 66 days to implement a new routine.
However, trying out a new habit, or breaking an old one, can be hard to stick to without a little motivation. You might want to drink more water, earn a promotion, or start a new side hustle for some extra income. It’s common to set financial and fitness goals at the start of each month as you look for ways to improve.