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If you get paid monthly, this money saving challenge is perfect for you. Millions of people take part in the 'Monthly' Savings Goal Challenge every year, the idea's straightforward, and makes it easy to save. This method promises you an easy way to save your set goal at the end of the year.
We're always on the lookout for ways to save money – but it's not always easy to find a savings method that works for you, one of the most popular methods our community likes to participate in is the 12 month money saving challenge.
Monthly Money Saving Challenge
Use this free template to keep track of your weekly save, which you can download and print off completely free of charge. Here’s a preview, you can download the high-def PDF further down or click on the image...
How to Complete the Monthly Money Saving Challenge
The basic principles of the 12-month savings challenge are simple and tailored to your goals.
You start by working out your yearly goal. So say you want to save £1000, you simply divide that by as many months as you wish to save. Most people start in January and do it over 12 months, but the chart is easily tailored to your needs.
If you start in January and want to save £1000 over a year, you need to save £83.33 per month to achieve your goal. So pop that amount into our free printable chart as a reminder, and to help you keep track of your savings each month.
The Monthly Money Challenge helps you build a savings habit that doesn't feel too overwhelming, whilst still ending up with a significant amount of savings at the end of the year.
Looking for more ways to save cash? Check out our 100+ Ways to Save Money
Tips for The Monthly Saving Challenge
Keep Your Challenge in Sight
Place your printed chart somewhere that you will always see it, so it's always to hand to mark your progress and you'll always have a reminder of what you're working towards. This is why I find the print outs so handy.
Choose the Best Saving Option for you
Some people like to save in a bank account specifically for their savings at others at home, in cash. For this particular Money Saving Challenge, either works perfectly.
Participating in a money saving challenge, especially if you are doing it with a friend, family member or group, can help make saving more fun and help keep you on track.
How to get your FREE Template
Well, that's the easy part! Simply click here and you can print the PDF off at the click of a button. You’ll be hitting your savings goals in no time!
We have loads of free printable templates available to help you with everything from Money Saving and Income tracking to Meal planning and Debt Management over on our Freebies section.
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If you found the Monthly Money Saving Challenge with free printable chart useful, have given it a go, or have any questions, please let us know in the comments below – to help inspire others...