Kickstart a Frugal 2025 With These 9 Expert Money Challenges
Kickstart a Frugal 2025 With These 9 Expert Money Challenges
Cara Danielle Brown Sun, January 5, 2025 GOBankingRates
If you indulged in a bit too much online shopping or partook in a few too many girls’ trips in 2024, you may be looking to start 2025 on a more financially savvy note. After all, those Steve Maddens were undoubtedly cute, but ordering 10 different styles may have been overkill.
Since it’s never a bad idea to build better financial habits, cut unnecessary expenses, and boost savings, GOBankingRates put together nine ways for you to kickstart a frugal 2025, according to some expert penny pinchers.
52 Week Challenge
Proving that a little bit adds up over time, Joy Wrenn, founder of FrugalCreativeLiving.com, suggests saving money each week for all 52 weeks of the year. Start small with $1 the first week … then add an additional $2 the second week until you finally add an additional $52 the last week of the year.
At the end of 52 weeks, you will have accumulated $1,378 which can be put towards retirement or other investments. This small, weekly contribution is a consistent way to build savings without it feeling like too much of a financial strain.
Negotiate Discounts
“Call your phone, cable, or internet providers, and every monthly or annual plan you have and ask for discounts,” said Laurie Hise, founder at Passionate Penny Pincher. Sometimes it’s as simple as just asking to put on those big boy pants. “Don’t hesitate — many companies are willing to offer better rates to retain customers.”
No-Spend Month Challenge
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