This past year has been a financial roller coaster for me. I was so excited about heading back to the workplace and it was a nice to have some financial stability, but I couldn’t sacrifice my health. Finding my place again as a freelancer has been a bit difficult and it’s been hard to pay for what we need. I want to change that in 2015!
I’ve decided to take on a money challenge to help me develop a fund that I can fall back on in case of emergencies. I currently don’t have one and as I grow older, it begins to scare me.
Now, I’ve seen the money challenge where you save for 52 weeks increasing $1 each week, but I feel that wouldn’t work for me. It sounds tedious. I’m also not a fan of saving so little at the beginning of the year and then trying to save large amounts at the end of the year around all the holidays (and birthdays for my family).
A monthly money challenge would work better for me, so I’ve created this in my Erin Condren life planner so I could keep track.
2015 Money Challenge
Each month, I’d deposit $25 more into my savings account than the previous month and in the middle of the year, I would switch and save $25 less each month. See! No saving large amounts while trying to buy Christmas and birthday presents for my family and friends. It also helps that my birthday month, May, is a large amount month… I usually get money for my birthday so I can add it towards my goal deposit for that month. At the end of the year, I’ll have saved up $1050!
What could you do with an extra $1050?
- Pay off debt?
- Save for a new car?
- Develop an emergency fund?
If you’re interested in doing this money challenge with me in 2015, I’d love for you to join me! I even created this FREE printable for you to keep track of your savings.
Who’s ready to SAVE in 2015 with me? Whoop!