Money Analysed

10 100-Day Money Saving Challenges to Boost Financial Wellness

Have you ever set a personal goal and felt discouraged or demotivated before reaching it? Do you struggle with holding yourself accountable or tracking your progress?

If you answered yes to any of these questions, a 100 day challenge might be just the thing for you!

A 100 day challenge is a way to self-improve and achieve personal goals in 100 days. The purpose of this article is to provide you with ten different 100 day challenge ideas focused on saving money, along with the benefits of undertaking such a challenge.

Benefits of a 100 day challenge:

The benefits of a 100 day challenge are many. Firstly, there is a sense of accountability that is created when publicly announcing your intention to undertake a challenge.

This accountability encourages you to stay on track, because you know that others are watching and rooting for you. Additionally, tracking your progress over a period of 100 days allows for an ongoing sense of achievement and motivation.

This progress tracking can come in the form of tracking your spending, savings, or even daily actions towards your goal. By seeing your progress on a day-to-day basis, you can celebrate the small wins along the way and see the impact of your efforts as they accumulate.

Lastly, by committing to a 100 day challenge, you are actively working towards your personal goals, which can lead to improved self-confidence and a sense of accomplishment. 100 Day Challenge Ideas to Save Money:


Only buy the essentials for 100 days:

For this challenge, limit your spending to the bare-bones essentials such as groceries, gas, and bills. By limiting your spending to only what is necessary, you will be forced to evaluate your spending habits and reign them in.

This challenge will teach you to prioritize your spending and avoid unnecessary expenses. 2.

Don’t go to restaurants for 100 days:

Eating out is often one of the largest expenses for individuals and families alike. By abstaining from dining at restaurants for 100 days, you will be able to save a significant amount of money.

This challenge will encourage you to plan and prepare meals at home, which can lead to healthier eating habits as well. 3.

Save $10 a day for 100 days:

The goal of this challenge is to save $1000 by the end of the 100 days. This challenge teaches you to be mindful of your daily spending habits and prioritize savings.

Even if $10 seems like a small amount, it can add up quickly over 100 days. 4.

100 day envelope challenge:

For this challenge, withdraw a set amount of cash each week and allocate it to specific envelopes. For example, one envelope could be for groceries, another for entertainment, and a third for gas.

Once the cash is gone from the envelope, you cannot spend any more money on that category for the week. This challenge helps you to be more mindful of your spending and encourage better budgeting.

5. Dedicate time to your side hustle for 100 days:

If you have a side hustle or income stream, commit to dedicating time to it every day for 100 days.

This challenge helps you to take your side hustle more seriously and see the potential for it to become a viable income source. 6.

Don’t use credit cards or debit cards for 100 days:

Instead, rely only on cash for your daily spending needs. By using cash, you are more likely to think through your spending decisions and avoid impulse purchases.

This challenge helps to reset your spending habits and build stronger financial discipline. 7.

Save your $1 bills for 100 days:

Every time you receive a $1 bill, put it aside for savings. This challenge helps to build automatic savings habits without even thinking about it.

8. Make coffee at home for 100 days:

Cut out the daily trip to Starbucks and make your coffee at home for 100 days.

This challenge can save you a significant amount of money over time, especially if you drink coffee regularly. You can also use this challenge to experiment with different brewing methods and find your perfect cup of coffee.

9. Save all your spare change for 100 days:

Keep a jar or container for all of your spare change for 100 days.

This challenge can help you to accumulate savings without even thinking about it, as even small amounts of change can add up over time. 10.

Make a budget every week for 100 days:

For this challenge, make a budget every week and stick to it. By actively tracking your spending and budgeting, you will be better equipped to make informed financial decisions and have more control over your money.


Taking part in a 100 day challenge focused on saving money is an excellent way to improve your personal finance habits, and is a great way to hold yourself accountable. By committing to a 100 day challenge, you can achieve significant progress towards your goals, and feel more confident and accomplished along the way.

3) Why Challenging Yourself Helps with Financial Wellness:

Financial wellness refers to a person’s ability to meet their financial obligations while feeling safe and secure. It involves taking control of one’s finances to make informed decisions about how to allocate resources towards long-term life choices, including retirement, education, and home ownership.

Financial wellness is an essential aspect of physical and mental well-being.

A lack of financial wellness can result in a significant amount of stress and anxiety.

Debt, living paycheck to paycheck, or not having an emergency fund can all cause this stress. Challenging yourself can help enhance your financial wellness by making small steps of progress towards your goals.

When a person takes on a challenge that requires them to be diligent and disciplined, such as a 100 day challenge to save money, they gain a sense of control over their finances. This accountability gives them the ability to make better financial decisions and achieve greater financial security.

A 100-day challenge is a great way to overcome financial challenges and improve your financial wellness.

4) How to Start a 100 Day Challenge:

The process of starting a 100 day challenge is straightforward; however, it requires some planning and commitment.

Here are some steps to guide you through the process:

Identifying Your Goal:

The first step in starting a 100 day challenge is to identify your goal. Begin by asking yourself, “What is something that I want to improve upon, or what is a specific goal that I want to achieve?” Whether it’s related to your finances, health, or personal development, ensure that your goal is achievable within 100 days.

Be specific when identifying your goal, so you have a clear direction for the challenge. Deciding on Actions to Take for 100 Days:

Once you have identified your goal, the next step is to decide on the actions you will take every day to achieve that goal within 100 days.

For instance, if your goal is to save $1000 in 100 days, you might decide to save $10 every day. Alternatively, your goal might be to decrease your spending.

In this case, you could commit to reducing your daily spending on coffee and snacks by packing your lunch for work every day. Creating and Using a Tracker:

Tracking progress is an essential part of successfully completing a 100 day challenge.

Using a tracker will provide you with a sense of accountability, and help you visually measure progress. You can create a tracker on a spreadsheet, using an app, or on a physical calendar.

After that, make sure to mark off every day with an X or a checkmark. It’s essential to monitor your progress and celebrate every small win along the way.

Evaluating Progress at the End:

Evaluating progress at the end of your challenge is an important part of the process. Besides the satisfaction of completing the challenge, you’ll want to analyze whether or not you met your goals or made progress.

Take some time to reflect on the challenge and write down what worked, what didn’t work, and what you could have done differently. This is a great time to identify what you learned and how you might want to apply this new knowledge and experience to your life.

In conclusion, a 100 day challenge can be a great way to improve your financial wellness. By setting specific goals and taking on challenging, structured plans, you can make progress towards achieving financial security and well-being.

The process of identifying your goal, committing to taking daily actions, tracking progress, and evaluating progress is a great way to develop discipline and financial habits that will help you achieve long-term goals beyond the 100 day challenge. In summary, a 100 day challenge can be an effective way to improve your financial wellness.

By setting achievable goals, planning daily actions, tracking progress, and evaluating outcomes, you can form good financial habits and achieve financial security. The benefits of taking on a 100 day challenge include accountability, progress tracking, and a sense of achievement.

Whether the goal is to save money, reduce expenses, or pay off debt, a 100 day challenge offers a structured plan to overcome financial challenges. By stepping up to a challenge like this, you can develop discipline and financial habits that will help you achieve long-term financial goals beyond the 100 day challenge.

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