Its time to flip our perspective and think of saving money as a fun challenge instead.

Lets push ourselves to beef up ouremergency fundsand stack our cash reserves.

Lets fight for better financial futures one dollar at a time.

A woman puts her small yellow piggy bank up to her nose and smiles.

5 Money Challenges to Boost Your Savings

Need a game plan on your journey?

Here are five money-saving challenges that can help you boost your bank account in 2023.

The Pantry Challenge

This money-saving challenge gives your wallet a break from your normal grocery shopping routine.

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But they survived the week and saved about $150 in the process.

No Interest Til Almost 2027?

Balance Transfer = Credit Card Cheat Code

2.

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The No-Spend Challenge

Theno-spend challengeis exactly what it sounds like.

You could implement a certain number of no-spend days during the month.

You could target a particular shopping weakness like no new clothes for the next 90 days.

The Five Dollar Challenge

Thefive dollar challengeinvolves squirreling away every $5 bill you get as change.

If more $5 bills come your way throughout the week, even better.

Did you know?

On day two, youll add $0.02 to your savings.

On day 200, youll throw $2 (aka 200 pennies) into the pot.

If you continue thepenny challengefor a whole year, youll wind up with a total of $667.95.

This challenge starts off simply but gets increasingly harder as the months go on.

Deputy editor Tiffany Wendeln Connors updated this post.

(Can you sense my millennial sarcasm there?)

You know which ones were talking about: rent, utilities, cell phone bill, insurance, groceries…