7 Money Saving Challenges That Actually Work⎟PERSONAL FINANCE TIPS⎟How to Save Money

[@thebrokenwallet]

Hi Guys, Hope you enjoy the video. Let us know what money saving challenges have worked for you! ↓↓

[@lasheaarrington6629]

This gives me hope I need to start somewhere and be consistent thank you Blessings

[@janinejackson9477]

Love all these ideas. In Australia our $1 and $2 are gold coins. People save all there gold coins during the year and they buy a piece of new furniture with it. Gold coin challenge. 😃😃😃😃

[@stephaniefythm]

No doubts , a good way of growing and saving your money is through investing . You don't need to have much before you can invest. "That little money you have now can make you millions if you invest it wisely". I wasnt financial free until my 40’s and I’m still in my 40’s, bought my second house already, earn on a monthly through passive income and got 4 out of 5 goals, just hope it encourages someone that it doesn’t matter if you don’t have any of them right now, you can start TODAY regardless your age INVEST and change your future! Investing is a grand choice I made..

[@Lawrencekingsley01]

I'm exploring different investment opportunities and would appreciate more insights on this matter

[@stephaniefythm]

Investing typically demands a good understanding, and that's where having a financial consultant is invaluable. I've had the privilege of working with Regina Louise Collaro, an investment advisor affiliated with a licensed wealth management firm.

[@stephaniefythm]

Her guidance has significantly enhanced my financial situation. She's widely recognized for her expertise, so you might have come across her name. With her support, I've attained financial security and now receive a steady monthly income through her successful passive income approach. I strongly advise considering an experienced investment advisor to boost your financial prospects.

[@Lawrencekingsley01]

I value your recommendation Stephanie. It's challenging to locate a trustworthy person. I could really use your investment advisor after seeing how much money you've made through investing. If you don't mind revealing her information, that is.

[@stephaniefythm]

Regina Louise Collaro is based in the United States and can work with anybody wherever they stay. If you would like more information on reaching her, you can conduct a search online.

[@MyLady22]

Just do the zero based budget. Assign every dollar to a job before you get a paycheck. I always create a new budget every year and it’s so easy to save.

[@onetallgirl1369]

“ it’s not about how much you save, it’s the fact that you are saving” I like that you said that. As a recovering spender, the fact that I am going from $5 in my savings account to $50 in my savings accounts right now maybe be sad to other people but it’s a win for me.

[@mariedesignz1659]

Sure is! Step in the right direction. I started investing with Acorns with 5.00 a week and gradually increased the amount over time

[@ponycyndi1]

Win!

[@tracywilliams7418]

The important thing is that you started. Stay focused and consistent and keep on building. A year from now that $5 will have grown to a much bigger number!

[@livelaughandbudget]

That's definitely a win! How many hours of work did it take to get to that $50? That's how I like to think about it. How much did I work for that.

[@forestnystrom7936]

Good lady, thank you

[@0mssamber0]

Saving $1's or $5's becomes a habit after a while. I haven't spent a single $5 bill since May of last year when I decided to save $5's for my vacation fund!

[@fathilab4914]

Sometimes canned foods are cheaper at other stores than dollar stores so be careful for that also ex. Is tomato paste you can get it for 48 cents at Walmart or 42 cents at Aldi and it would be 1.00 at dollar tree... Sometimes it's cheaper sometimes its not

[@wirundgeld42]

I like to make some kind of game out of No 7. I would write the numbers from 1 to 52 on 52 pieces of paper and put them into a jar. Then each week i randomly pick one of those numbers and save the amout that is written on it. That way I don‘t have to save more than 200€ in December.

[@shifengsherxiong3058]

You speak very clear in every English words . I just learn English from your video. Thanks

[@ayela562]

I definitely realized that I had more money than I thought. My budget was leaky and once I focused on saving, I was able to stop wasting small amounts. Those small amounts really added up !

[@yasmenrice]

1. No spend challenge (30 days no spending) 2. Penny Challenge (save spare change after using cash 3. Pantry Challenge (use most of what you have before buying new food) 4. Dollar Store Challenge (before going anywhere else go to the dollar store first) 5. $1 Bill Challenge (save all $1 bills, can be done with $5 bills) 6. Cancel it challenge (cancel the subscription service & put that money into your savings) 7. 52-Week Challenge

[@Soxandnicole]

I really enjoy your video. I'm 67 y/o and I wish you had been around when I was younger. My hope is that younger people listen to your good advices.

[@thebrokenwallet]

I hope so too! Thanks!

[@lisachubrilo]

I use cash and most of the time I keep all the change, in the last 4 year's.. Each year it's been over 400.00.

[@VeganMangoQueen]

I'm on day 86 of my no buy challenge & no plans of stopping! Started as soon as I paid my car off & I sure am funneling that $300 straight to my savings! ✌💕💸

[@hartsarah12]

That takes some great effort. Nice work. Keep it up.

[@aititelocin]

That’s awesome. Well done!!

[@tracywilliams7418]

That's awesome Vegan...keep up the great work!

[@onetallgirl1369]

Wow! Good job Vegan#

[@LinhHueTran]

Wow!!!

[@JB-hl7tu]

Your videos feel like a wise older sister and I AM HERE FOR THAT ENERGY.

[@thebrokenwallet]

Thank you!

[@runawayshay6409]

Omg I think that too! Though she and I may be the same age.

[@queentinadoire6931]

My spare change is never scattered around the house- I carry a penny pouch in my handbag. Every Sunday I empty the coins in my pouch into a big glass bottle. Coins equal money.

[@hernandezcorri3888]

Message her on WhatsApp for questions and assistance 👇

[@hernandezcorri3888]

+1.5.2.0.3.3.7.6.2.0.5

[@sylvia5642]

I started a x-mas saving challenge in august and i'm so glad about it !!! I won't have to worry about paying for presents this year. Greetings from Germany

[@jcatron1633]

I like to save all my loose change in addition to all my $5 bills. I do doordash and uber on the side so whenever I get a cash tip, it automatically goes to the savings stash. It is motivating to me.

[@beebeemotsumi]

Saving is difficult for me. 😔but I'm trying very hard to do it.

[@thebrokenwallet]

You can do it! 🙌

[@lanenadrz]

I am currently doing the penny challenge to beef up my bills account but I’m doing it digitally since I don’t use cash, I am also doing the double penny challenge for my emergency fund I’m on day 4 wish me luck guys

[@mudpawkendra]

No buy has been my biggest one for sure. I started doing no buy quarters several years ago and committed to a no buy year this year. I have slipped up a couple times, and I've always been a natural saver, but my spending habits have changed quite a bit over the last nine months.

[@donnamcclenton7340]

I’m disabled.. I’m doing the change challenge and the $ bill challenge..it’s not as easy because it’s a once a month income but it can be done..

[@rosemariematthews8410]

This is the best money saving video I’ve seen. Well done Briken Wallet.

[@thebrokenwallet]

Thank you! I’m glad you enjoyed the video. I appreciate you letting me know. 😀

[@Charlotte-cn9vk]

Despite all the economic crisis this is the best time to start up an investment

[@christaingrnland9425]

Trading crypto currency is also a nice way to invest $1000 and change your life.

[@bailey7353]

In few years to come people will be kicking themselves in regrets if they miss this opportunity of buying and investing in crypto currency ✔ In few years to come people will be kicking themselves in regrets if they miss this opportunity of buying and investing in crypto currency ✔

[@tradetak2498]

Crypto trading is a very lucrative way of making money online now.

[@maciejtomczyk2637]

I've got this little interest in bitcoin maybe I'll give it a try.

[@sleightlytrading9292]

Buy BTC today.

[@kinskigirl]

For the 52 week challenge, I did it in reverse - started with $52 the first week and went down a dollar every week. It was easier this way bc in Jan. you may have money you got for the holidays and there is less to do when it's cold. As well, it hurts less in December when you may want to buy gifts for people. I am saving my 52 week money for a future trip abroad. I also saved enough from every paycheck this year to max out my IRA contribution. (For me that is $271 each check.) It seemed like I had no spending money at first, but I adjusted very quickly and now have a lot to show for it. :)

[@thebrokenwallet]

Great idea! Thanks!

[@livelaughandbudget]

I love that idea, do it in reverse.

[@kathysheeran6589]

Great idea

[@smallfamilysmallbudget1817]

I wrote 1-52 on my money box I was sticking it in. When I had more money i would put in the bigger amounts and I crossed off that amount. When it was tight, I paid the smaller amount and cross that off.

[@bouncyandrea2813]

I found this video in my suggested (probably from all the financial diet videos I binge) and I'm already obsessed. Broken Wallet, first of all your aesthetic is clean and gorgeous and your thought process and delivery is great! subscribing now

[@thebrokenwallet]

Welcome aboard! Thank you!

[@elmao475]

1. The no spend challenge 2. The penny challenge 3. The pantry challenge 4. The dollar store challenge 5. The $1 bill challenge 6. The cancel it challenge 7. The 52-week challenge Great video :)

[@dchrysostom]

Great job sister.. love from Canada 🇨🇦... Keep teaching ... stay awesome..

[@eringigi7096]

❤️🇨🇦

[@hernandezcorri3888]

Message her on WhatsApp for questions and assistance 👇

[@hernandezcorri3888]

+1.5.2.0.3.3.7.6.2.0.5

[@thebrokenwallet]

Thanks a lot 😊

[@mamagoldielocks]

Love these tips! My parents did the $5 bill challenge for a year and saved up enough to replace a few windows and patio door! 😳

[@thebrokenwallet]

That is awesome!

[@JuliaAthayde]

As I've said, I make sure to watch your videos everyday, so some of them I already know by heart. The way saving money works for me is paying myself first, a specific amount I already know it won't affect My needs and keep watching (your) videos daily to keep me motivated.

[@SymonSays]

It's often cheaper to buy staple food items at a discount grocery store or Walmart, instead of the dollar store. Pasta, salt, peanut butter, etc are available for less money per gram/ounce/lb and are often higher quality than the dollar store. It's best to know your prices per unit before you head to the dollar store.

[@DawnRK3204]

Some of the best savings at the Dollar Tree are greeting cards and health, beauty, medicine items.

[@kbs7583]

Wonderful ideas, and prompts!

[@thebrokenwallet]

Thanks so much!

[@patriciaodila6302]

Nice tips. Since i found your channel my finances have improved. Thanks. Love love from Afrika❤

[@thebrokenwallet]

That's great! Keep up the good work. 😀

[@marilyncobb4469]

These I believe I can do. On a fixed budget. Thanks this helps.

[@hernandezcorri3888]

Message her on WhatsApp for questions and assistance 👇

[@hernandezcorri3888]

+1.5.2.0.3.3.7.6.2.0.5

[@brooke86]

This is the first video of yours I’ve seen, a few minutes in and I really like you already! Love the earrings!

[@thebrokenwallet]

Thank you and welcome!!

[@Al-fz1sb]

I stopped shopping for clothes 1.5 years ago :)

[@kaitlinobrien243]

They are so silly and fabulous 🤩 thank You ❤️ I feel inspired love from Ireland ☘️☘️☘️

[@angelajeffers2384]

Love your content as usual. Here is another one. There is a letter on each $1 bill in a circle for example the letter D. Save all your one $ bills that have that letter in the circle. It is fun to me. I e saved $102.

[@TonyMoze]

NO Spend November 2020. Week 2 already 💰

[@GillianBudgets20203]

Don't particularly like the no spend challenge. Cause when I completed it...I lost control. And spent more than I previously did before going on the challenge...

[@jadiecakes3241]

It's easier to start no spend challeneges by doing something small, i.e. not buying clothes for a month etc and then build up as you go, rather than go cold turkey.

[@robertagivenslovett2448]

I needed this!!!

[@hernandezcorri3888]

Message her on WhatsApp for questions and assistance👇

[@hernandezcorri3888]

+1.5.2.0.3.3.7.6.2.0.5

[@sarahthomas3562]

I'm loving the idea of the penny challenge!!!💰

[@jonnaborosky8836]

Such GOOD ideas! Thanks for sharing.

[@annevinson6696]

I discovered you yesterday ans since I have listen to at least four if your video and find them very informative and helpful thank you

[@thebrokenwallet]

You're welcome!

[@aititelocin]

Thanks for this! A trick to make the 52-week challenge less daunting as the year goes on is to start with 52 and save less as the year goes along. So week 1-$52, week 2-$51, week 3-$50, and so on. By week 26/27, you only have to put away $25, and then it’s less and less as you go through the second half of the year!

[@b.elizabethzermeno6339]

Love all ur help ... As well as ur jewelry

[@thebrokenwallet]

Thank you so much 😊

[@armanicarter8490]

This video was very helpful, thank you! And you ain’t never lie about $Tree! Lol I love shopping there

[@monikakonrad2951]

Dear Lady, thank you for all the good advice. I love your ideas.

[@hernandezcorri3888]

Message her on WhatsApp for questions and assistance 👇

[@hernandezcorri3888]

+1.5.2.0.3.3.7.6.2.0.5

[@thebrokenwallet]

You are so welcome!

[@ksavage8851]

Great advice, going to try the dollar challenge

[@miamiaaa]

Yess love this video 💯

[@helenmacdonald4982]

Awesome video, Im going to follow several of these suggestions

[@georgianawickenden563]

Just found your page so excited to go through all your videos ty

[@thebrokenwallet]

Yay! Thank you!

[@jenicepye2997]

Love your saving challenges. New subscriber. Thanks

[@justlaura7177]

Thank you so much for these great ideas!

[@diamondsandpearls899]

Your voice is so comforting and inviting blessed to have found your channel

[@hernandezcorri3888]

Message her on WhatsApp for questions and assistance 👇

[@hernandezcorri3888]

+1.5.2.0.3.3.7.6.2.0.5

[@thebrokenwallet]

Thank you! I appreciate it!

[@MB-zy4cm]

Big hello from Belfast northern Ireland...a new subscriber 😁 great video!.

[@thebrokenwallet]

Welcome aboard!

[@BridgettOwens]

I want to do the Reverse 52 week challenge so by the last week of the year when money is tight for us I would literally be saving $1 instead of $52! Another thing I do that really adds up is the night before our checks are deposited in our accounts I roll over the change and the one dollar amount. For example if I had $76.35 I would transfer $6.35 into my savings account. It’s a negligible amount that I won’t miss but it accumulates quickly over time.

[@nikkimeredith2521]

I do the 52 in reverse. This is my 2nd year. It is much better only putting $1 around the holidays, than $52!! Go for it, you will like it much better. I also do the Zero Out Challenge, but I do the end of the day Friday balance. Happy saving!!

[@AFrugalLifeTheChannel]

I definitely need to try the pantry challenge!

[@hernandezcorri3888]

Message her on WhatsApp for questions and assistance 👇

[@hernandezcorri3888]

+1.5.2.0.3.3.7.6.2.0.5

[@conlaw6318]

I love the 52 week challenge, now I have added the 50 envelope challenge

[@angelasnodgrass6621]

Thank you so much for this video.

[@thebrokenwallet]

You are so welcome!

[@bessieoriotis5104]

Great idea the Cancelling technique.

[@thebrokenwallet]

Thank you!

[@mollypatterson542]

Love these challenges! I'm going to try the pantry challenge this week. One of my "challenges" is taking a week or longer to contemplate any larger purchases (could mean different things for different people) and to see if I can find it used on Marketplace or Craigslist. For example, I wanted to get a handheld vacuum and while I probably could have found a solid cheaper option, I like to see if I can find a higher quality one at the same or cheaper price. Implementing this time period also makes me *really* consider if I actually need the item in question or if I can get away with not having it! To make it more related to savings goals, one could put away the different between the new item's price and the price you ended up paying.

[@abbylayla2000]

Subscribed within the first minute

[@thebrokenwallet]

Welcome!

[@WC1Master]

Awesome vid! Thank you

[@thebrokenwallet]

Glad you liked it!

[@BelleStreetBoyz]

This was great. So many wonderful tips! Thank you for sharing. 😀

[@thebrokenwallet]

You are so welcome!

[@jemimahannet6060]

Challenging myself to do the 52week challenge💪🏿💪🏿💪🏿

[@Debtwarrior]

I think cheese is always a surprising expense

[@luisasterioquerubin6829]

It helped me stabilize my mind

[@CristinasLife]

These challenges sound so fun!

[@moviejunkie9012]

Love the tips. Saving have been a real struggle for me. Your video give peace of mind.💖

[@KateLloyd128]

Love these ideas!!

[@thebrokenwallet]

Thank you!! 😊

[@ann-fb2jh]

I"m new to your channel. Great information.

[@thebrokenwallet]

Thanks for the sub!

[@deedeesmith3073]

Good video. I love your necklace 🥰 . Even if something like cold medications date has expired from the dollar store it just means it might be a small percentage less effective. A lot of expired medications are used in poorer countries, so it’s not dangerous . Thanks for your teaching 😊

[@lamoon1525]

To the no spend hack...I suggest keeping a running tally of what you might have gone a bought if you are tempted to spend off the necessities. That could help you gauge when you are tempted, and by what...even what the triggers are. That is an eyeopener withoout the price tag.

[@dominiquetheeasyminimalist]

At the Dollar Store, be careful with the size of the package. Those chains have humongous deals with food multinationals, and have packages made for them. For example, a pack of cookies at the Dollar Store could be at $2.99 instead of $3.99, but the weight of the package 250g instead of 325g.

[@loveinthewebb6168]

I’m going to try the pantry challenge with the supercook thanks!!

[@thebrokenwallet]

Hope you like it!

[@NancyHaydee23]

Great tips!

[@hernandezcorri3888]

Message her on WhatsApp for questions and assistance 👇

[@hernandezcorri3888]

+1.5.2.0.3.3.7.6.2.0.5

[@thebrokenwallet]

Thank you!

[@lori9157]

What is the name of the site for recipes using the ingredients you have in your house?

[@thebrokenwallet]

Hi, it's called Supercook.com.

[@buttahscotchkisses3133]

I'm totally listening but I'm wanted a hair tutorial. Lol

[@karinlaubscher711]

My 2 pennies on the 52 week challenge, why not start with the highest amount in January and work it down as the week go on? Just a thought

[@thebrokenwallet]

Great tip!

[@thehopefulbudgeter]

Glad I came across your page. I’m a compulsive shopper and my only goal is to stop shopping all of 2023 💀 at this point it’s eating me up and mentally I’m depressed. I know this is my breaking point.

[@kathleenkline4622]

Combine the penny or dollar challenge with the similar declutter challenge and you'll not only have money at the end of the period, you'll also have a neater, less cluttered home!

[@kathysheeran6589]

Greeeeeeasst idea. I need this too.

[@Stephanie-se9jd]

Love your videos!

[@thebrokenwallet]

Thank you!

[@relaxingnaturesounds9675]

I love all these tips!

[@JamieDanger]

Thanks so much for this! I'm loving your videos so much. I have a question I'm currently struggling with: I might need to relocate for my job once it's safe to do so, but have been given no timeline - I don't know if it'll be a few months or a year or maybe even never. In the new location, I anticipate at least $1000/month more in expenses. With that in mind, should I be building an emergency fund of 3-6 months (my current goal) using my current expenses or my future projected expenses? My goal after the savings fund is paying off my car and student loan debt, which I'm eager to start. Thanks so much for reading :)

[@thebrokenwallet]

Great question! If you're able to save up for your projected expenses, I say go for it. The bigger the emergency fund, the better.

[@divarenee8324]

Is Hey ma'am this is Steve is speaking love you love your channel I'm a devout follower just wanted to give you a special shout out about the 52 week challenge I start my 52 week challenge from Marc to March🤑I had a light bulb moment🤩 Yeah back in the day when I used to do my challenge back in December it was really cutting it close especially the last 4 weeks of December March works better for me cause that way I don't feel that ouch at Christmas but this was just a thought please keep on doing the good work that you're doing and I will forever follow you sincerely yours diva from Irvington NJ 07111 God-bless you sweetie

[@thebrokenwallet]

That’s an excellent point, since that time of year tends to be more expensive, starting at some point midyear might work better. Thanks for the tip and your support!🥰

[@ZaiyaFineArt]

2nd Month now of only spending on necesseties :)

[@karenjimenez6920]

I tried a no spend challenge, I think I lasted 2 days. 😂

[@milessara87]

I would love to do the penny challenge but I almost never use cash. I need to find a way to be able to do the penny challenge without cash🤔

[@ponycyndi1]

Sign up for an online savings account. I transfer the amount I'm saving on the day I get paid.

[@sofondadavis5028]

Transfer weekly, biweekly or monthly. Ask if your bank will round up the change to each transaction into a savings account.

[@kimberlymayo9951]

If you are an online spender then round up. The round up amount goes to your savings account. Example if you spend 86.20 at Amazon put 3.80 in savings = $90 out of your checking to the above. Or go bold and put the other $10 in savings as well to make it an even $100 out of checking.

[@candlewax5234]

I think making a shopping list before you go to the supermarket is good and try to stick to it. Don't get distracted with offers.

[@rosillaaa]

#3 and #7 ❤

[@MM-gi2nn]

Hi I’m new here. What a smart and beautiful lady you are!

[@thebrokenwallet]

Thank you!

[@ash_alk_fan1]

I love your channel so much. Thank you for making these videos. I like the no-spend month challenge.

[@AdrienneC]

I am currently doing the penny and the nickel challenge and I started both in January. Love them both.

[@hernandezcorri3888]

Message her on WhatsApp for questions and assistance👇

[@hernandezcorri3888]

+1.5.2.0.3.3.7.6.2.0.5

[@kanglander1285]

Thx$

[@smiley7240]

Great video! I've done the 52 week challenge but in reverse! So I start off with putting $52 in and that way I trick my brain into thinking that its somewhat of a countdown lol

[@nikkimeredith2521]

I do the 52 Week Challenge, but in reverse. I start with $52 the first week. That way the closer to Christmas, the fewer $$ I need to put in. This is my 2nd year doing it. I also do the Zero Out challenge. Each Friday, at the end of the day, I check my balance in my checking account. What ever the amount is in then ones place and the change, I transfer it to my savings account. For example if my ending checking balance is $217.32, I transfer $7.32 to my savings and my balance is now $210.00 in my checking. Each time it is a different amount and can be a lot of fun. The least amount would be $0.00 and the most would be $9.99 that would get transferred. I have never had zero so far and this is my 2nd year doing this one as well. Thanks for the other ideas you shared. I will definitely try some of them!!

[@shannonblake620]

I don't use cash really. 99.9% of the time I use my debt card instead of cash.