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Give one (or more) a try toboost your savings in just three months.
Minimalist Challenge
Youve probably heard ofliving a minimalist lifestyle.
Its all about simplicity and cutting out excesses to focus on whats important.
In the minimalist challenge, you apply these principles to your finances.
The number of things you have to clear out is the same as the day of the month.
For example, on the 10th day of the month, you get rid of 10 items.
Cruze recommended focusing on a different category each day, such as your pantry, closet or bathroom.
Take these items you no longer need and decide what to do with them.
Each sale will help grow your savings, bit by bit.
Consumption Challenge
The next challenge Cruze suggested is the consumption challenge.
In this challenge, you have to use up what you have before buying any more of that item.
The goal is to be more mindful about your consumption so you cancut down on unnecessary spending.
But a lot of the time, you already have things at home that serve the same purpose.
Only buy new items when youre replacing things so you know you actually need them.
Maybe you cut out your streaming services or eliminate food delivery.
Every day, you randomly select an envelope.
Whatever the number on the envelope, thats how many dollars you have to save that day.
For example, say you pull the envelope labeled 35.
At the end of 100 days, you will have saved over $5,000.
And the best part is that you never have to save more than $100 in a day.
Cruze says many of her coworkers have tried the 100 envelope challenge.
Its great because its a little bit of a game and it forces you into a system.
Dont withdraw any money from the account until the challenge is over to see how much you saved.
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