We are working our way into the fourth week of our 12-Week Money Challenge. Next week, it will be our goal for you to save $4. Now, that doesn’t sound like a lot of money but what are you willing to give up to make it happen? Fortunately, you won’t have to give up much! There are a couple easy ways to meet your savings goal next week.
- Break down your weekly goal into smaller daily goals. For instance, instead of trying to figure out how to save $4 on Saturday, you could save $0.57 each day! Start using cash and keep the change from daily transactions until you reach your goal.
- If all or nothing is your style, you could pack a lunch once a week instead of buying food on campus. The money you save will make it easy to get that $4 you need for the challenge.
- If you have a Starbuck’s addiction, try ordering one less coffee this week. I know for some of you this may be a stab to the heart! However, keep in mind that the average Starbuck’s order is $4 for a Grande.
Be intentional about your savings plan. Set a goal and stick to it! If you can get your head around these small baby steps, you will set yourself up for success. It’s much easier to help yourself while in a financial crisis if you’ve practiced ways to save money in the past.
Is saving money simply for your own peace of mind not quite enough to keep you motivated? Remember, the Personal Money Management Center is paying 2 students for this challenge! If you want a chance to win $234, keep on saving!!!