New Year is upon us, it is time to start fresh and make some changes in our lives. This may include setting goals to achieve your dreams, try new things or maybe develop the habit of spending less and saving more. Speaking of saving money, the money saving challenge can be a fun and effective way to develop the good habit. Here’s how to make it happen.

~ 30-day Money Saving Challenge ~

The 30-day challenge can motivate you to persevere in saving money. It is rather simple. Throughout the 30 days, gradually increase the amount you save each day. Start the challenge next month, starting off with saving RM 1 for the first day, RM 2 for the second day and so on. By the end of the month, you will be able to save RM 265! The challenge is very useful for those who wish to save money to buy your dream bags or shoes.

~ Daily Money Saving Challenge ~

For this challenge, start by saving RM 1 for Monday, and then RM 2 for Tuesday and increase your saving by RM 1 each day throughout the week. Doing this everyday will help you save RM 1456 in a year!

~ 12-month Money Saving Challenge ~

If you are paid monthly, this challenge is not difficult at all. You will be saving RM 25 for the first month, and the amount will double each month throughout the challenge. Of course, if the amount is too much for you,  you can also create your own adaptation. The end result is still RM 1050 saved, just remember to not give up!

~ Random Money Saving Challenge ~

If you don’t want to save a specific amount of money each day, you might like this challenge best. Get yourself a calendar and record your daily saving on it, regardless of the amount. You may save more if you spend less for the week.