Saving money isn’t easy, but gamifying it with a fun savings challenge could help. Here are six to try for yourself in 2023.
If that sounds like you, we’ve rounded up six of our favourite budgeting challenges that you might want to try in 2023.Cost of living crisis: ‘cash stuffing’ is the money management trend helping people stay on a budgetIt’s a classic for a reason. Perfect for a month like January, when more of us are staying in following the excesses of December, a no-spend challenge is a great way to scale back.
Simply set yourself an amount of time to abide by and see just how many everyday expenses you buy through convenience and what you truly prioritise.A fun twist on the traditional 52-week challenge, you start with saving the highest amount first and reducing your input each time. In the first week, deposit £52, all the way through to your final £1 payment. By the end of the year, you should have saved £1,378.
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