Some people struggle with the discipline to put money aside on a regular basis. If you are one of those people, maybe taking on money saving challenges will help you. In this guide, you will discover five money saving challenges that you can start this week to put your first few dollars aside.
Some people struggle with the discipline to put money aside on a regular basis.
1. Eat the cheapest meal you possibly can
A great way to challenge yourself to save money is to try to eat the cheapest meal you possibly can. A great example of that would be to grab a salad roll at a Vietnamese hot bread shop that's only $5. Alternatively, sushi is often heavily discounted after 3 pm. So if you are a fan of raw fish, go for it.
By going out of your way to look for the cheapest meals possible, you may be able to get your overall food spending down as you find meals you enjoy for a good price.
2. Pack your lunch for a whole week
Alternatively, you can simply pack your lunch for the whole week so that you don’t need to spend money on eating out at all. Not only will that help you to stay healthily but it will also save you a nice little sum of money.
Take on a money saving challenge to make saving easier for you than ever before.
3. Take public transport instead of your car to work
Instead of spending money on fuel, you can challenge yourself to commute to work using public transport. Simply grab an Opal card, top it up and off you go. Since you won't be driving, you could also use the commute to read or listen to a podcast.
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4. Skip the takeaway coffee
You probably love coffee as much as the next person. However, given that the minimum price of a takeaway coffee is around $4 these days, skipping that daily pleasure - even just for a week - can help you save a small heap of cash. Instead, brew a cup at home and take it with you in a coffee carry cup on your way to work.
5. Have a no spend day
Finally, challenge yourself to a “no spend day.” That means no takeaway coffees, no eating out and no after work drinks (unless someone else pays). No spend days are an excellent way to save money, even if you only have one once every two weeks.