Let’s take a look at the savings printable above.
The idea in this challenge is that you are going to save a quarter for every day you are into the challenge.
For example, on Day 1, you save one quarter ($.25). On Day 2, you will save two quarters ($.50).
Why is this challenge effective? Because at the end of the 365 day quarter challenge you will be left with a whopping balance of $16,698.75.
This challenge could be great for people looking to fill out their emergency fund.
Utilizing this money saving challenge you will be on track to save $1,000 by Day 89. That’s just under 3 months of saving.
Quarter Challenge Variations
If this above method seems a little intense, you could always create slight variations depending on your budget and money goals.
For example, if you are only looking to save $1000 you could stop on Day 89.
The possibilities are endless. of all the ways you can find to save money starting with just $.25 a day.
How much money will I have if I save a quarter a day for a year?
1 quarter a day for a year is $91.25. There are 365 days in a year, $0.25 x 365 is $91.25.
Where to Save the Money from your Money Saving Challenge
There are a few options when it comes to stashing your new found savings.
OPTION 1: Grab a jar, milk jug, basket–whatever you have handy and start tossing quarters in it every day (marking your printable sheet off as you go.
If you are looking for a super fun option, I found these cute printables you could use to dress up a jar you have around your house.
OPTION 2: Calculate how much you’ll need for the week and make weekly deposits into your jar, jug, basket, etc.
OPTION 3: Automate your savings. Calculate what you’ll need for the week/month and set up automatic transfers to pull those over into a savings account.
Frequently Asked Questions
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