Saving money
could be hard, but not when you mix some elements of fun into it. Turn
money-saving into a game with these money-saving challenges!
Challenge 1: Match your spend
This challenge
goes:
For every single expense you made (aside from your necessities), you have
to set aside the same amount into your savings jar.
For example, you
bought a Matcha latte from Starbucks that cost RM15 and a pair of slipper at
RM14 for today. Later that evening, you have to put aside RM15 + RM14 into your
savings jar.
With this, you
will need to think twice before you spend. You will be able to separate what is
your ‘need’ and what is you ‘want’ at the same time as you do your savings.
Challenge 2: The budget cap challenge
This challenge goes:
This challenge
tests your survival skills and creativity. Set a budget to spend on each day.
For example, RM10 per day. This could be hard, but this is how a challenge
should be.
Tips: bring your own food so you don’t have to spend
on your lunch
Challenge 3: Keep your spare change
This challenge goes:
At the end of
your day, take all the coins from your pocket and wallet and place them into
your savings jar. When you jar get full, you will surely be surprised by how
much you have saved through this challenge.
Challenge 4: The 3-Day Pause
This challenge goes:
This challenge best
suits those who are shopping-addicted. When you saw something tempting that you
wanted to buy, don’t add it into your shopping cart first. Take 3 days to
reconsider whether you really need it or not.
If you still
want it badly after 3 days, buy it. But you might have forgotten about it after
3 days.
Challenge 5: Choose a colour of
ringgit to save
This challenge goes:
For
every Rm 5 (green colour money) or RM 20 (orange colour money) that you get,
you have to keep it away in a jar. Do it for specific of time (let's say 6
months) and you will be surprised on how much you have kept.
Challenge 6: Quit the Habits
This challenge goes:
Quit your bad
habits that cost money. For example, quite smoking to save the money you spend
on cigarette; stop going to cybercafé or happy hour after work and etc.
You will need
more commitment to cope with this challenge. But you will be able to save money
even if you attempt to do it for a month or two.
Let us know if you’ll be trying any of these challenges if you have any tips to share, and your experiences! We’ll love to hear from you!
