{"id":14042,"date":"2023-02-16T10:02:24","date_gmt":"2023-02-16T15:02:24","guid":{"rendered":"https:\/\/blog.eztaxreturn.com\/?p=14042"},"modified":"2023-06-09T21:10:59","modified_gmt":"2023-06-10T02:10:59","slug":"7-money-challenges-to-save-up-to-10000-in-one-year","status":"publish","type":"post","link":"https:\/\/staging.eztaxreturn.com\/blog\/7-money-challenges-to-save-up-to-10000-in-one-year\/","title":{"rendered":"7 Money Challenges to Save up to $10,000 in One Year"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">Ready to start building your savings?&nbsp; If the answer is yes, then it&#8217;s time to put your money where your mouth is.&nbsp; We&#8217;ve scoured the internet looking for the best money-saving challenges and narrowed it down to seven.&nbsp; One of which can help you save up to $10,000 in a year.&nbsp; So put your game face on and let\u2019s get started!<\/p>\n\n\n\n<div style=\"height:30px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>$5 bill challenge<\/strong><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">With this challenge, the concept is simple. &nbsp;Every time you come across a $5 bill, you save it.&nbsp; Store your fives in a jar and don\u2019t touch it until the end of the year.&nbsp; You\u2019ll be amazed by how much you\u2019re able to save with minimal effort.&nbsp; Depending on your financial situation, you may want to experiment using bigger or smaller bills.&nbsp; Whatever you decide, just be consistent.<\/p>\n\n\n\n<div style=\"height:30px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>30-day quarter challenge<\/strong><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Save over $100 this month just by holding on to your quarters.&nbsp; The day of the month determines the number of coins you&#8217;ll need to add to your stash.&nbsp; You&#8217;ll start out saving 25 cents the first day and work your way up to $7.50 on day 30.&nbsp; Once you see how easy it is, we&#8217;re sure you&#8217;ll want to repeat the cycle for the rest of the year.<\/p>\n\n\n\n<figure class=\"wp-block-image aligncenter size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"654\" height=\"607\" src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" alt=\"\" class=\"wp-image-36518 lazyload\" sizes=\"(min-width: 0px) and (max-width: 480px) 480px, (min-width: 481px) 654px, 100vw\" data-src=\"https:\/\/staging.eztaxreturn.com\/blog\/wp-content\/uploads\/2023\/06\/quarter-challenge-2023.png\" data-srcset=\"https:\/\/staging.eztaxreturn.com\/blog\/wp-content\/uploads\/2023\/06\/quarter-challenge-2023.png 654w, https:\/\/staging.eztaxreturn.com\/blog\/wp-content\/uploads\/2023\/06\/quarter-challenge-2023-480x446.png 480w\"><\/figure>\n\n\n\n<div style=\"height:30px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>365-day penny challenge<\/strong><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Having a limited budget isn\u2019t a good enough reason not to save.&nbsp; With the 365-day penny challenge, you\u2019ll set aside a penny amount based on the day.&nbsp; For instance, day 1 &#8211; one penny, day 2 \u2013 two pennies, so on a so forth until the end of the year.&nbsp; At which point, you&#8217;ll have almost $668 in the bank.<\/p>\n\n\n\n<div style=\"height:30px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<div class=\"wp-block-buttons has-custom-font-size has-medium-font-size is-horizontal is-content-justification-center is-layout-flex wp-container-core-buttons-is-layout-7d812b4c wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link has-white-color has-luminous-vivid-orange-background-color has-text-color has-background wp-element-button\" href=\"https:\/\/www.eztaxreturn.com\/ezrouter.html?utm_dest=site&amp;action=start_return&amp;utm_source=blog&amp;utm_medium=blog&amp;utm_term=10kyear&amp;gid=10kyear\" target=\"_blank\" rel=\"noreferrer noopener\">Get Started Now<\/a><\/div>\n<\/div>\n\n\n\n<div style=\"height:30px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>12-week money-saving challenge<\/strong><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Want to build your savings fast?&nbsp; Consider a 12-week challenge.&nbsp; Each week, you\u2019ll save between $60-$100 as depicted in the chart.&nbsp; If you stick with it, you can have $1,000 in your account in just 3 short months.<\/p>\n\n\n\n<figure class=\"wp-block-image aligncenter size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"373\" height=\"509\" src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" alt=\"\" class=\"wp-image-36514 lazyload\" sizes=\"(max-width: 373px) 100vw, 373px\" data-src=\"https:\/\/staging.eztaxreturn.com\/blog\/wp-content\/uploads\/2023\/06\/12-week-challenge.png\" data-srcset=\"https:\/\/staging.eztaxreturn.com\/blog\/wp-content\/uploads\/2023\/06\/12-week-challenge.png 373w, https:\/\/staging.eztaxreturn.com\/blog\/wp-content\/uploads\/2023\/06\/12-week-challenge-220x300.png 220w\"><\/figure>\n\n\n\n<div style=\"height:30px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>52-week challenge<\/strong><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">This is one of the most popular money-saving challenges on the internet.&nbsp; How it works is, week 1 you\u2019ll save $1, week 2 you\u2019ll save $2 and you\u2019ll continue the pattern until you save $52 in week 52.&nbsp; Some people find it too difficult to save during the holidays so they prefer to jump around.&nbsp; Choose one of the weeks from the chart, set aside that amount and cross it off the list.&nbsp; Continue the process until you cover all the weeks.&nbsp; No matter which approach you take, you\u2019ll still wind up with $1,378 a year from now.<\/p>\n\n\n\n<figure class=\"wp-block-image aligncenter size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"507\" height=\"682\" src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" alt=\"\" class=\"wp-image-36515 lazyload\" sizes=\"(min-width: 0px) and (max-width: 480px) 480px, (min-width: 481px) 507px, 100vw\" data-src=\"https:\/\/staging.eztaxreturn.com\/blog\/wp-content\/uploads\/2023\/06\/52-week-challenge.png\" data-srcset=\"https:\/\/staging.eztaxreturn.com\/blog\/wp-content\/uploads\/2023\/06\/52-week-challenge.png 507w, https:\/\/staging.eztaxreturn.com\/blog\/wp-content\/uploads\/2023\/06\/52-week-challenge-480x646.png 480w\"><\/figure>\n\n\n\n<div style=\"height:30px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>$5,000 bi-weekly savings challenge<\/strong><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Aiming to save $1,000 is a great way to start building your emergency fund but for most people it\u2019s not enough.&nbsp; Everyone needs to have at least 3-6 months\u2019 worth of living expenses in the bank.&nbsp; The more money you have in your account, the less likely you are to reach for your credit card when issues arise.&nbsp; If you&#8217;re ready to step up your savings, give the $5,000 bi-weekly savings challenge a try.&nbsp; Every time you get paid, you&#8217;ll save the amount suggested in the chart.<\/p>\n\n\n\n<figure class=\"wp-block-image aligncenter size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"671\" height=\"543\" src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" alt=\"\" class=\"wp-image-36516 lazyload\" sizes=\"(min-width: 0px) and (max-width: 480px) 480px, (min-width: 481px) 671px, 100vw\" data-src=\"https:\/\/staging.eztaxreturn.com\/blog\/wp-content\/uploads\/2023\/06\/5000-challenge-.png\" data-srcset=\"https:\/\/staging.eztaxreturn.com\/blog\/wp-content\/uploads\/2023\/06\/5000-challenge-.png 671w, https:\/\/staging.eztaxreturn.com\/blog\/wp-content\/uploads\/2023\/06\/5000-challenge--480x388.png 480w\"><\/figure>\n\n\n\n<div style=\"height:30px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>$10,000 challenge<\/strong><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Dream of buying a house soon?&nbsp; If so, the $10,000 challenge can help you save up for your down payment.&nbsp; Every two weeks, you\u2019ll set aside the recommended amount which ranges from $275-$575.&nbsp; Saving that kind of cash sounds difficult but it\u2019s totally do-able.&nbsp; Remember, the average tax refund was $3,252 in 2022.&nbsp; If you put your entire refund in the bank, you\u2019ll be more than a quarter of the way towards your goal.&nbsp; Some may call it cheating but do what you have to do to hit your target.<\/p>\n\n\n\n<figure class=\"wp-block-image aligncenter size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"666\" height=\"534\" src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" alt=\"\" class=\"wp-image-36517 lazyload\" sizes=\"(min-width: 0px) and (max-width: 480px) 480px, (min-width: 481px) 666px, 100vw\" data-src=\"https:\/\/staging.eztaxreturn.com\/blog\/wp-content\/uploads\/2023\/06\/10000-challenge.png\" data-srcset=\"https:\/\/staging.eztaxreturn.com\/blog\/wp-content\/uploads\/2023\/06\/10000-challenge.png 666w, https:\/\/staging.eztaxreturn.com\/blog\/wp-content\/uploads\/2023\/06\/10000-challenge-480x385.png 480w\"><\/figure>\n\n\n\n<div style=\"height:60px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading has-text-align-center\" id=\"h-file-your-taxes-online-the-fast-and-ez-way\">File your taxes online the fast and ez way.<\/h2>\n\n\n\n<div style=\"height:30px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<div class=\"wp-block-buttons has-custom-font-size has-medium-font-size is-horizontal is-content-justification-center is-layout-flex wp-container-core-buttons-is-layout-7d812b4c wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link has-white-color has-luminous-vivid-orange-background-color has-text-color has-background wp-element-button\" href=\"https:\/\/www.eztaxreturn.com\/ezrouter.html?utm_dest=site&amp;action=start_return&amp;utm_source=blog&amp;utm_medium=blog&amp;utm_term=10kyear&amp;gid=10kyear\" target=\"_blank\" rel=\"noreferrer noopener\">Get Started Now<\/a><\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Ready to start building your savings?&nbsp; If the answer is yes, then it&#8217;s time to put your money where your mouth is.&nbsp; We&#8217;ve scoured the internet looking for the best money-saving challenges and narrowed it down to seven.&nbsp; One of which can help you save up to $10,000 in a year.&nbsp; So put your game [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":32060,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"off","_et_pb_old_content":"Ready to start building your savings?\u00a0 If the answer's yes, then it's time to put your money where your mouth is.\u00a0 We've scoured the internet looking for the best money saving challenges and narrowed it down to seven.\u00a0 One of which can help you save up to $10,000 in a year.\u00a0 So put your game face on and let\u2019s get started!\n\n<strong>$5 bill challenge<\/strong>\n\nWith this challenge, the concept is simple. \u00a0Every time you come across a $5 bill, you save it.\u00a0 Store your fives in a jar and don\u2019t touch it until the end of the year.\u00a0 You\u2019ll be amazed by how much you\u2019re able to save with minimal effort.\u00a0 Depending on your financial situation, you may want to experiment using bigger or smaller bills.\u00a0 Whatever you decide, just be consistent.\n\n<strong>30-day quarter challenge<\/strong>\n\nSave over $100 this month just by holding on to your quarters.\u00a0 The day of the month determines the number of coins you'll need to add to your stash.\u00a0 You'll start out saving 25 cents the first day and work your way up to $7.50 on day 30.\u00a0 Once you see how easy it is, we're sure you'll want to repeat the cycle for the rest of the year.\n\n<img class=\"size-full wp-image-14050 aligncenter\" src=\"\/wp-content\/uploads\/2017\/12\/Quarter-challenge.png\" alt=\"\" width=\"451\" height=\"424\" \/>\n\n<strong>365-day penny challenge<\/strong>\n\nHaving a limited budget isn\u2019t a good enough reason not to save.\u00a0 With the 365-day penny challenge, you\u2019ll set aside a penny amount based on the day.\u00a0 For instance, day 1 - one penny, day 2 \u2013 two pennies, so on a so forth until the end of the year.\u00a0 At which point, you'll have almost $668 in the bank.\n\n<img class=\"size-full wp-image-14052 aligncenter\" src=\"\/wp-content\/uploads\/2017\/12\/365.png\" alt=\"\" width=\"992\" height=\"632\" \/>\n\n<strong>12-week money-saving challenge<\/strong>\n\nWant to build your savings fast?\u00a0 Consider a 12-week challenge.\u00a0 Each week, you\u2019ll save between $60-$100 as depicted in the chart.\u00a0 If you stick with it, you can have $1,000 in your account in just 3 short months.\n\n<img class=\"size-full wp-image-14051 aligncenter\" src=\"\/wp-content\/uploads\/2017\/12\/12-week.png\" alt=\"\" width=\"223\" height=\"352\" \/>\n\n<strong>52-week challenge<\/strong>\n\nThis is one of the most popular money-saving challenges on the internet.\u00a0 How it works is, week 1 you\u2019ll save $1, week 2 you\u2019ll save $2 and you\u2019ll continue the pattern until you save $52 in week 52.\u00a0 Some people find it too difficult to save during the holidays so they prefer to work the program in reverse.\u00a0 If that's the route you'd rather take, go for it.\u00a0 Another way to make the program work for you is to jump around.\u00a0 Choose one of the weeks from the chart, set aside that amount and cross it off the list.\u00a0 Continue the process until you cover all the weeks.\u00a0 No matter which approach you take, you\u2019ll still wind up with $1,378 by the end of the year.\n\n<img class=\"size-full wp-image-14053 aligncenter\" src=\"\/wp-content\/uploads\/2017\/12\/52-week.png\" alt=\"\" width=\"456\" height=\"679\" \/>\n\n<strong>$5,000 bi-weekly savings challenge<\/strong>\n\nAiming to save $1,000 is a great way to start building your <a href=\"https:\/\/www.investopedia.com\/terms\/e\/emergency_fund.asp\" target=\"_blank\" rel=\"noopener noreferrer\">emergency fund<\/a> but for most people it\u2019s not enough.\u00a0 Everyone needs to have at least 3-6 months\u2019 worth of living expenses in the bank.\u00a0 The more money you have in your account, the less likely you are to reach for your credit card when issues arise.\u00a0 If you're ready to step up your savings, give the $5,000 bi-weekly savings challenge a try.\u00a0 Every time you get paid, you'll save the amount suggested in the chart.\n\n<img class=\"size-full wp-image-14055 aligncenter\" src=\"\/wp-content\/uploads\/2017\/12\/5000.png\" alt=\"\" width=\"466\" height=\"378\" \/>\n\n<strong>$10,000 challenge<\/strong>\n\nDream of buying a house soon?\u00a0 If so, the $10,000 challenge can help you save up for your <a href=\"https:\/\/www.bankrate.com\/finance\/mortgages\/down-payment-1.aspx\" target=\"_blank\" rel=\"noopener noreferrer\">down payment<\/a>.\u00a0 Every two weeks, you\u2019ll set aside the recommended amount which ranges from $275-$575.\u00a0 Saving that kind of cash sounds difficult but it\u2019s totally do-able.\u00a0 Remember, the average tax refund was $2,860 in 2019.\u00a0 If you put your entire refund in the bank, you\u2019ll be more than a quarter of the way towards your goal.\u00a0 Some may call it cheating but do what you have to do to hit your target.\n\n<img class=\"size-full wp-image-14056 aligncenter\" src=\"\/wp-content\/uploads\/2017\/12\/10000.png\" alt=\"\" width=\"463\" height=\"376\" \/>","_et_gb_content_width":"","footnotes":""},"categories":[9],"tags":[],"class_list":["post-14042","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-personal-finance"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.13 (Yoast SEO v20.13) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>7 Money Challenges to Save up to $10,000 in One Year<\/title>\n<meta name=\"description\" content=\"Saving money doesn&#039;t have to be difficult. We have 7 money-saving challenges to help you save more money and build financial stability.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/staging.eztaxreturn.com\/blog\/7-money-challenges-to-save-up-to-10000-in-one-year\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"7 Money Challenges to Save up to $10,000 in One Year\" \/>\n<meta property=\"og:description\" content=\"Saving money doesn&#039;t have to be difficult. We have 7 money-saving challenges to help you save more money and build financial stability.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/staging.eztaxreturn.com\/blog\/7-money-challenges-to-save-up-to-10000-in-one-year\/\" \/>\n<meta property=\"og:site_name\" content=\"ezTaxReturn.com Blog\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/ezTaxReturn\/\" \/>\n<meta property=\"article:published_time\" content=\"2023-02-16T15:02:24+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-06-10T02:10:59+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/staging.eztaxreturn.com\/blog\/wp-content\/uploads\/2023\/02\/Image20230216173055.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"523\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"ezTaxReturn Expert Staff\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@ezTaxReturn\" \/>\n<meta name=\"twitter:site\" content=\"@ezTaxReturn\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"ezTaxReturn Expert Staff\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/staging.eztaxreturn.com\/blog\/7-money-challenges-to-save-up-to-10000-in-one-year\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/staging.eztaxreturn.com\/blog\/7-money-challenges-to-save-up-to-10000-in-one-year\/\"},\"author\":{\"name\":\"ezTaxReturn Expert Staff\",\"@id\":\"https:\/\/staging.eztaxreturn.com\/blog\/#\/schema\/person\/53293fc1f8f3940b232359e95b10360b\"},\"headline\":\"7 Money Challenges to Save up to $10,000 in One Year\",\"datePublished\":\"2023-02-16T15:02:24+00:00\",\"dateModified\":\"2023-06-10T02:10:59+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/staging.eztaxreturn.com\/blog\/7-money-challenges-to-save-up-to-10000-in-one-year\/\"},\"wordCount\":645,\"publisher\":{\"@id\":\"https:\/\/staging.eztaxreturn.com\/blog\/#organization\"},\"articleSection\":[\"Personal Finance\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/staging.eztaxreturn.com\/blog\/7-money-challenges-to-save-up-to-10000-in-one-year\/\",\"url\":\"https:\/\/staging.eztaxreturn.com\/blog\/7-money-challenges-to-save-up-to-10000-in-one-year\/\",\"name\":\"7 Money Challenges to Save up to $10,000 in One Year\",\"isPartOf\":{\"@id\":\"https:\/\/staging.eztaxreturn.com\/blog\/#website\"},\"datePublished\":\"2023-02-16T15:02:24+00:00\",\"dateModified\":\"2023-06-10T02:10:59+00:00\",\"description\":\"Saving money doesn't have to be difficult. 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