Personal Finance

Save More, Spend Less 30 Day Challenge

When was the last time you considered your spending habits?

For some, the way they spend their money is always on the top of mind. There are plenty of people out there who always know the balance in their bank account and review every transaction to make sure everything adds up.

With the convenience of mobile apps and online banking, it’s easier than ever to keep an eye on things. And at the same time, there are plenty of others who spend months without doing more than making sure the balance in the bank is enough to cover the current purchase, whatever that might be.

Whether you feel you have a solid grasp on your finances but think there’s an opportunity to do better, or you know you’re in desperate need of giving your spending and savings habits closer scrutiny, I’m here to help with my Save More, Spend Less 30 Day Challenge.

Save More, Spend Less 30 Day Challenge

This challenge will encourage you to evaluate your spending habits, explore new ways to save, and make some simple changes to improve your financial situation.

By taking one small but actionable step each day to examine your spending and savings habits and trying to implement little changes that make a big impact, you’ll be well on your way to growing your savings and getting your spending under control by the time the month is through.

Some of the tasks in my Save More, Spend Less 30 Day Challenge are actionable steps you can take today to funnel more money into your pocket by cutting down bills, installing rebate apps, and cancelling unnecessary subscriptions.

Others, like biking somewhere you’d typically drive or meal prepping for the week ahead, will challenge you to consider lifestyle changes that can make a considerable impact on your weekly spend.

You’ll also find each week starts off with a mini-challenge of its own. While I only ask you to give them a shot for a week, feel free to reinforce these positive habits by embracing them throughout the remainder of the challenge. By building one upon the other, you’ll be able to make an even bigger impact on your financial situation in only a month.

I encourage you to join me over the next 30 days as we focus on our finances and challenge ourselves to save more and spend less!

Save More, Spend Less 30 Day Challenge

Day 1: For the next seven days, track all expenses.

Day 2: Try to lower your car insurance bill.

Day 3: Enjoy a no-spend day.

Day 4: Set a savings goal for yourself.

Day 5: Make a list of money-free ways to have fun.

Day 6: Cancel a membership you aren’t using.

Day 7: See what you can do for free at your local library.

Day 8: For the next seven days, make all meals at home (no eating out).

Day 9: Try to lower your cell phone bill.

Day 10: Evaluate your company benefits for discount programs, 401k matches, etc.

Day 11: Find a new coupon app.

Day 12: Consider whether buying in bulk makes sense for your family.

Day 13: Find a way to automate your savings.

Day 14: Plan to meal prep for a few days.

Day 15: For the next seven days, no new credit card purchases.

Day 16: Try to lower your cable and internet bill.

Day 17: Research money-saving habits, like gardening.

Day 18: Install energy efficient light bulbs.

Day 19: Look for new budget-friendly recipes.

Day 20: Evaluate your subscriptions.

Day 21: Sign up for a rebate app (like Ebates).

Day 22: For the next seven days, save on groceries by trying generic/store brand versions of your favorites.

Day 23: Try to lower your credit card interest rate.

Day 24: Walk or bike somewhere you’d drive.

Day 25: Stack errands so you don’t waste as much gas.

Day 26: Consider a side hustle.

Day 27: If you don’t already have $1000 in your emergency savings account, make a plan to get there.

Day 28: Learn how to make a favorite indulgence like bread, beer, or pizza at home.

Day 29: Inspect your home for air leaks.

Day 30: Evaluate the last 30 days and make a plan to continue to save more and spend less over the next month!

Leave me a comment and let me know how you are doing with this challenge. Best of luck. Happy saving!

Stacie Vaughan

Stacie is the mom of two girls and lives in Ontario, Canada. She enjoys cooking/baking, photography, reading, DIY and is fueled by lots of coffee!

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