Entry for the July $500 Savings Challenge is currently closed! Be sure to check back, as I plan to run this challenge every several months!
Summer can completely drain our savings accounts. Vacations, camp, AC bills, and all those expenses to entertain our kids get pricey! So why not take a simple challenge to amp it up? Join the Mama Fish Saves July $500 Savings Challenge below to get an easy task each day of the month that will painlessly grow your emergency fund by $500!
57% of Americans couldn’t cover a $500 emergency expense in cash, instead leaning on credit cards or other debt. This paycheck-to-paycheck lifestyle creates stress in our lives that we don’t need, especially when we are supposed to be having fun in the sun! Paul Golden, a spokesman for the National Endowment for Financial Education in Dallas, has stated that small goals have been proven to lead to greater long-term financial success. “Even $500 has been proven to have a psychological benefit,” he says. Let’s build your financial confidence and grow a $500 emergency fund this summer!
What is the July $500 Savings Challenge?
- A fun helping hand to build a $500 emergency fund (or grow the one you already have)!
- Get an email each day of the month with an easy savings task! This will be either a frugal practice to embrace for the day, a great savings opportunity on normal expenses, or ways to earn a little extra cash easily.
- Save the amount equal to the day of the month through July! This will mean $496 of savings by the end of the month, though I’m confident you will find at least one day in the month where the challenge equates to a couple more dollars for your family and tip you over the $500 mark!
- 15 chances to win in July! To keep you motivated to keep saving through the challenge, participate in social media #hashtag giveaways each Saturday in July. With 3 prizes each weekend, you’ll have 15 chances to win from over $250 in prizes! (Prizes include Amazon and Target gift cards and Mama Fish swag!)
Sign up and grow your savings this summer!