MT Week - 10 money saving challenges you need to try

Savings challenges are great whether you’re trying to build up an emergency fund, want to get into the savings habit or simply need some motivation to help you reach your financial goals.

They work because they’re designed to be SMART goals — specific, measurable, achievable, relevant and time-bound.

In essence, they give you a target to work towards, and break down each step up to make the challenge feel achievable.

And there are so many to try that you’re bound to find one that works for you.

I’ve written about the no spend challenge before but there are plenty of easier ones to try - and you can play around with the amounts you save to make sure it works with your lifestyle.