2017 Personal Finance Challenges You Can Work With

by Rob
(North Carolina, USA )

Rolling In Your Challenge For a Happy and Healthy 2017

There are plenty of 2017 personal finance challenges you can work with if you want to. These are basically what you can use to help you save extra money or make more out of what you have. Follow along and get to know what to try out this year.

1. No Spending For A Month Challenge

This is simple and just requires you to only spend money on what is necessary. For instance, you can pay your bills and for food but can't spend on going out to the movies. If you look at how much you spend a month on things you don't really need to do or buy it will surprise you. Keep track of what you spend each month and then try this challenge out a couple of times in 2017 to see what kind of a record you can set to beat next year! The more money you save the better.

2. Grocery Receipt Challenge

When you go to the store, you'll generally get a receipt saying how much money you were able to save. The grocery receipt challenge is where you take the amount it says you saved, and add that money to a bank account. It can be fun to try to top yourself by using coupons and other ways to save so you can make larger deposits. After doing this for a long time, you'll see the savings pile up!

3. Buy Nothing New Challenge

Most of the time you can find what you need used online or in stores for a lot less than new items. These days, you are able to get items that are basically like new or close enough to it that they are still useful and do what you need them to. Gadgets can be found on websites or in local classified ads. You can get clothing at a thrift store. Set a certain number of days from 100 to a whole year where you only buy used and put the money you saved into the bank.

4. The $5 And $1 Challenges

Whenever you get a certain type of bill, you should put it to the side and save it. If you want to do the $5 challenge, then any time you are given a $5 in change or for any other reason you can put it away. By the end of 2017 you will have amassed quite the collection of money. You can also do this with $1 bills because they are so common in the lives of most. If you don't want to keep money sitting around your home you can take it to the bank once a month or so.

The different 2017 personal finance challenges that were discussed here can be used to your advantage. Having extra to work with no matter what kind of financial shape you're in is always a good thing. Don't take risks and try to get as much saved away as you can quickly with these challenges.