Try These Cash And Spare Change Saving Challenges

At Missouri Title Loans, Inc., we believe that to be financially secure, you must make it a habit to save money. Setting aside a portion of your monthly paycheck will go a long way, from covering an urgent expense in the future to finally getting that expensive item you’ve always wanted.

However, many already have their monthly income allocated to gas, groceries, utility bills, and debt, leaving little to zero to save. The good news is that plenty of saving challenges involve only a tiny amount of cash or even spare change, and you won’t even realize you have an impressive amount of money set aside. In this article, learn more about the most popular saving challenges trending on the internet now - try one and see how much you save this year!

Top Trending Money-Saving Challenges To Try In 2024

According to Bankrate, 22 percent of American adults have no savings. Of those who have savings, 57 percent said that they are uncomfortable with the amount of money they have in their savings. In addition, 36 percent have more credit card debt than emergency savings.

This is because people tend to prioritize their current wants over their future needs, which makes saving for the long term challenging. That’s why money-saving challenges appeal to many - it makes saving feel like a fun game rather than a chore. Try these cash and spare change saving challenges and find out which one works best for you!

woman puts coins in a piggy bank for spare change saving challenge

Keep-All-The-Change Challenge

The keep-all-the-change challenge, ideal for those who regularly use cash for transactions, is pretty straightforward. To get started, set up a piggy bank, a jar, or any other container holding coins. When you use cash for a transaction, keep the change and drop the coins in your piggy bank when you get home.

Count your savings after six months and immediately deposit the amount to your bank account, then restart again. You’ll be surprised at how quickly small cash can add up!

Cash-Only-For-A-Month Challenge

One of the reasons why saving money is difficult is because of our constant use of “cashless transactions.” The appeal of earning rewards or cashback and the convenience of swiping a credit card make it easy to spend more than we intend to.

The idea behind the cash-only-for-a-month challenge is to use only cash for daily transactions for an entire month. You can use your credit or debit card for your fixed monthly expenses like bills and debt payoff, use some money for gas, buy groceries, get coffee, eat out, and even during happy hour.

Start by estimating how much you’ll spend for a week and creating a budget. Withdraw that amount from the ATM, and you can only spend that money for the entire week. This way, you’ll be more mindful about the money you spend and think twice before spending on something unnecessary.

$1 Bill Savings Challenges

There are plenty of $1 bill savings challenges, but the most popular is the 52-week savings challenge. In this challenge, you will save $1 in the first week, then increase the amount by $1 for the following weeks. So, for week one, you save $1; for week two, you save $2; for week three, you save $3; and so on. By the end of 52 weeks, you will have saved $1,378!

Another fun $1 bill savings challenge involves using a book to track your savings. Each page of the $1 Savings Challenge book has 100 coins you can color every time you save $1. For each page you finish, you will save $100; when you finish the whole book, you will save $5,000!

quick cash online title loans woman in car

Ask About Our Title Loan Today!

Can’t start a savings challenge because you have an urgent expense? Don’t worry; we at Missouri Title Loans, Inc. offer a title loan where you can access some quick cash when you need it the most - and you can get as much as $15,000!

You can start the process either online or through the phone, and one of our friendly agents will give you a call to help guide you through the rest of the process. We only require a valid photo ID, a lien-free vehicle title under your name, and your vehicle for inspection.

Once approved, you will get the money immediately - the process can take as little as thirty minutes! If you find it difficult to save money, try a cash or spare change money saving challenges. These low-stakes challenges are fun, easy to follow, and effective - you won’t even realize that you’ve saved a significant amount of money at the end!


Note: The content provided in this article is only for informational purposes, and you should contact your financial advisor about your specific financial situation.

June Mckaig

June Mckaig writes articles on finance and budgeting, hoping to provide insight amidst the overwhelming crowds of information on the internet. She feels that with all this accessibility comes a lot of false data, and she would like to contribute astute, helpful input that she knows can help others. If you would like to learn more about June's research, read more here.