Savings “Challenge”: What You Can Pick Up From Popular Savings Trends

In the last two years there has been quite a rise in “savings challenge” trends. Today, we take a look at the main lessons and tips that you can actually pick up from those trends.

What is a “Savings Challenge”?

In the world of today, trending and viral ideas tend to gain a massive foothold in the consciousness of many—particularly the youth. This is what those savings challenges are. They are a savings plan with some strict parameters that need to be met. Then after a set amount of time, you should reach your goal.

One of the more popular forms of a Savings Challenge is the 52 Week Money Challenge. The trouble with some savings challenges is that they are not exactly feasible for people who have a regular monthly expense like mortgages, utilities, and so many other things. The savings challenge trend is popular with the young to late 20s because they are the generation that usually still lives with their parents or do not have the same weight of expenses to bear.

However, when you truly dissect the savings challenges, there are certain virtues that you can actually pick up and use in your everyday life. For example:

Strict Adherence

A savings challenge, like we mentioned above, has a pretty strict guideline. It has specific amounts that you need to put in on specific days (usually everyday) toward the savings fund. While this may not be feasible for those who are paying for a lot of things, one thing you can pick up from it is a strict adherence to a savings schedule.

Let’s say that you have a day after every payday that you have set to put aside money. You can apply a strict adherence policy to your own savings fund.

Solid Structuring

What makes a savings challenge something that is appealing to many is the fact that the scope and parameters of the savings challenge is already set up. People can see how much they need to save up and what the end result of all their efforts will be.

What you can apply to your own savings is the structure. Know what your goal is beforehand. What is the span of time that you are willing to allot to meet that goal? What increments do you need to meet in order to make that goal a reality? Having a clear plan is a good way to give yourself incentive to build your savings fun.


There are other savings trends that will pop up in the coming months and years. While not all of them can fit you, this does not mean that you cannot pick up useful parts and apply them to your own savings plan.

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