America Saves and SaveUp have teamed up for SavingsChallenge.
One of the top New Year’s resolutions is to save more and stick to a budget. Research shows if you can change your behavior for 30 days you are likely to stick to your goals.
To participate in the challenge you choose any credit card and commit to 30 days of no spending on that card.
By being your more conscious of your spending you may be able to save money by maybe cutting some of your usual spending. Some people see how many days they can go without spending any money.
Even if you don’t wish to participate in the 30 day challenge, start with a week. Consider if there are expenses that could be cut down on or cut out completely. A few dollars here and there may not seem like a big deal but they can add up over time.
As with dieting, don’t restrict yourself too much. If you feel too deprived you may get frustrated and give up.