365-days savings challenge
Save $16,698.75 in a year
How this challenge works?
This challenge is about learning how to save money. Can you save $17K at once? Very few can. But if you build a habit of regular contributions to your savings account, it becomes only a matter of time.
Here you start small. You will only save $0.25 on the first day. Every next day you will be adding $0.25 more to the amount you saved yesterday.
This tactic gives you time to adapt to a frugal lifestyle yet keeps you challenged.
Save on shopping with monetha
Don’t waste the money you spend!
Earn points every time you shop online. Treat yourself with 5,000 gift cards or turn them into cryptocurrencies.
Money saving tips
📊 Create a budget
List all your income and expenses. Then group your expenses into categories and set a limit for each. The simplest way to build these categories is the 50/30/20 rule that includes “needs,” “wants,” and “savings.”
🥁 Set a savings goal
When you join the challenge, you set your savings goal for the next 365 days as high as $16,698.75. Check the day-to-day schedule to adjust your monthly budget accordingly.
💸 Regularly top up your savings account
Don’t forget to put away your savings according to the plan. Doing it every day will help you to build a habit. If you skip a day, add the amount to be saved on that day to your next top-up.
🛍 Save money when you shop
Use cashback apps, loyalty programs, coupons, and vouchers. Earn every time you shop with Monetha.
🤷♂️ Avoid unnecessary expenses
Try to eliminate unnecessary expenses such as eating out, expensive hobbies, or impulse purchases.
🥷 Look for ways to increase your income
Consider freelancing or starting a side business to increase your income and save easier. Explore passive income ideas and investing opportunities, but never invest money that is critical for your family!