A January Savings Challenge Printable

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If you’re looking to start 2021 off right, why not commit to a January daily savings challenge? The challenge is simple and easy to follow, but it requires discipline and dedication. It’s the perfect way to save money while still enjoying the holidays with your friends and family. Here’s how it works. 

How It Works 

The challenge involves saving a certain amount of money each day during the month of January. You can choose any amount that you want, but we recommend starting out small—maybe even with just $1 per day—and increasing the amount as you become more comfortable with the challenge. Once you have determined your daily contribution amount, place all your saved money into a separate savings account so that it won’t get mixed up with your other funds. 

Track Your Progress 

As you go through this challenge, keep track of how much money you’ve saved by tracking each day’s contribution, on the January Savings Challenge printable. Tracking your progress will help keep you motivated by showing you how far you have come since Day 1. Plus, if there are days where you don’t feel like contributing anything or need an extra push to stay on track, looking at what you’ve accomplished so far can be very motivating!


Reward Yourself 

At the end of each week or month (whichever works best for you), give yourself a reward for meeting your goals and staying on track! We recommend something small but meaningful—like treating yourself to a massage or buying something special just for yourself. This will help keep you from feeling overwhelmed by having too many goals in one month and will make sure that saving doesn’t feel like it’s taking over your life! 

Saving doesn’t have to be boring or unenjoyable—it can even be fun if done right! With this January daily savings challenge, not only do you get to save some extra cash while still enjoying the holidays with friends and family, but also get rewarded for sticking with it throughout the entire month. So why not give it a try? You might surprise yourself at how easily it becomes part of your routine! Good luck and happy saving!

Tips for Saving Money Each Day:

  • Automate Your Savings: Set up an automatic transfer from your checking to savings account so that you don’t have to worry about remembering to make a deposit
  • Look for Deals and Coupons: Shopping online? Check for coupons or discounts before making any purchases!
  • Make Your Own Meals: Preparing meals at home is a great way to save money while still enjoying tasty food.
  • Cut Out Unnecessary Spending: Before making any purchases, ask yourself if it’s truly necessary or if you can do without it.
  • Make Your Own Coffee: Skip the expensive cafe drinks and make your own coffee or tea at home.
  • Utilize Cash Back Websites and Apps: Keep an eye out for cash back websites and apps that offer money back on purchases you were already planning to make.
  • Track Your Spending: Use a budgeting app or spreadsheet to track your spending and make sure you stay on top of your goals.
  • Live Within Your Means: Don’t be tempted to buy something that’s out of your budget. Stick with what you can afford and save money for bigger purchases.
  • Shop Smart: Look for discounts when shopping in stores, or consider buying items second-hand when possible.
  • Look for Free Activities: Take advantage of any free activities or events in your area and spend quality time with family and friends without breaking the bank.
  • Check Your Paid Subscriptions Often: Make sure that you are only paying for subscriptions that you truly need, or look for cheaper alternatives.
  • Take Advantage of Student Discounts: If you’re a student, make sure to take advantage of any discounts that may be available when making purchases.
  • Reduce Your Energy Usage: Cut down on your energy bill by switching off electronics when not in use and unplugging devices when they’re not being used.
  • Start Investing: Consider investing your money rather than just putting it away in a savings account, to potentially increase your long-term wealth.
  • Cut Down on Entertainment Expenses: Try streaming services or library rentals for books and movies, rather than purchasing them outright.
  • Save Your Change: Collect any change you get at the end of the day and save it! You’ll be surprised how quickly it adds up.
  • Make a Shopping List: Before heading to the store, make sure you have a shopping list with only the items that you need. This will help you avoid impulse purchases and save money in the long run.
  • Check to See If you Work Offers Discounts: Many employers offer discounts for their employees on certain items or services. Make sure to take advantage of these opportunities!
  • Use Less Gas When Driving: Try to drive efficiently in order to conserve gas and save money on fuel costs.
  • Reuse and Repurpose Items: When possible, avoid buying new items and instead reuse or repurpose old ones. This can help you save money while also helping the environment!
  • Don’t Be Afraid to Negotiate: If you’re making a large purchase, don’t be afraid to negotiate for a better price. You could end up saving more than you expected!

Saving money each day doesn’t have to be a daunting task. With the right strategies and tips, you can make it part of your daily routine while still enjoying life! From automating transfers to looking for deals and coupons, there are plenty of ways that you can save money without sacrificing too much.

So why not give It may take some time before these changes become second nature, but once they do, you’ll start seeing the effects in no time. Start small with one or two techniques then gradually add more as you go along – who knows how far your savings will grow?

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