These past couple months have reminded me of the importance of savings. It is important to have money in savings – all the time.
You may not have 20 savings accounts like my husband and I do, but you need to have at least one savings account. Having money in savings allows you to plan and prepare for future purposes and expenses and goals.
I also believe everyone should have an emergency fund with 3 to 6 months of expenses. An emergency fund is that special savings account that gives you peace of mind since you always have access to some money when an unexpected emergency arises.
Whether you are a saver or a spender, I think we can all agree after watching the unexpected events of the past four months, that having some money in savings is imperative.
If you don’t have any savings, now is the time to start saving.
If you want to build your savings, today is the perfect to start saving more.
If you want to open more savings account, now is when you should do so.
For all of these reasons and so many more, I’m sharing these easy $1000 savings challenge with you.
I’ve looked at other free printable challenges before but never completed them because I needed the variety. I didn’t always have a specific amount of money to add out of each paycheck. Some months I could add a lot and other months only a little. The important thing with savings is that every little bit counts.
This is why I wanted to share this free $1000 savings challenge with you. It’s a simple one page pdf file, but sometimes simplest is best. Too often we think saving money needs is complicated but it really doesn’t have to be. Saving money can be simple.
There are 3 different types of money amounts in this savings challenge – $5, $10 and $20. I thought these money amounts were the easiest to track. There are 16 boxes of $20, 48 boxes of $10 and 40 boxes of $5. When you color in all of those boxes, it adds up to $1000.
You can use this savings challenge to add to an existing savings goal or your emergency fund or use this to jump start a new savings goal.
Skip buying a coffee at Starbucks? Add the $5 to your savings. Save money at the grocery store? Add the $10 to your savings. Cook at home instead of eating out? Add the $20 (or more) that you would have spent to your savings.
Jump around or color the boxes in order. However you do it, you will be building your savings.
That’s it! It really is that simple. Just print the chart off and start saving.
I’d love to know where your savings are going, if you want to share in comments. For us? Right now we’re working at adding an extra $1000 (on top of our automatic contributions) to our new car fund. I hope this $1000 savings challenge is helpful and makes saving a bit more fun!