November’s Money Challenge: Reward Yourself (With Savings)

It’s November, which means it’s time for another brand spanking new money challenge. This month, we want you to reward yourself – with savings, of course.

Photo by QuinceMedia

Here’s how it works. First, pick a goal you’re working towards, whether it’s writing a book or trying to stop smoking or going to the gym. Then, every time you work toward that goal and make progress, “pay” yourself a set amount of money depending on your budget.

It can be $1, it can be $20. For example, let’s say it’s your goal to work out more and that means going to the gym three times a week. Every time you make it, vow to pay yourself $5. With this challenge, not only will you work on better habits, you’ll also earn some extra cash in the process. (Just in time for holiday spending.)

This month’s challenge is also a great way to get a head start on your New Year’s resolution.

If you accept our challenge, tell us:

1. What your goal is and what you plan to do daily, weekly and so on to make that goal happen.
2. How much you plan to pay yourself every time you work toward your goal.
3. How much you hope to have by the end of the month.

Happy saving!