Summer Savings Challenge Boost Your Bank Account

Summer is a time for fun and relaxation, but it’s also an excellent opportunity to boost your savings. Here are a few summer savings challenges that can help you increase your bank account balance: 

Written by 

The $5 Challenge 

Every time you get a $5 bill, save it instead of spending it. You’ll be surprised how quickly these add up over the summer. 

The No-Spend Weekend Challenge 

Choose one weekend each month where you don’t spend any money. Plan free activities, cook meals at home, and enjoy the simple pleasures of life. 

The Round-Up Challenge 

Whenever you make a purchase, round up the total to the nearest dollar and save the difference. 

The 52-Week Money Challenge 

Although this challenge is geared towards an entire year, you can still apply it to summer. Save $1 in the first week of summer, $2 in the second week, and so on. By the end of summer, you’ll have a nice nest egg. 

The Daily Change Challenge 

At the end of each day, empty your pockets and put all your change into a jar. It’s a small amount each day, but it adds up over time. 

The Sell-Your-Stuff Challenge 

Summer is a great time for a yard sale. Sell items you no longer need or use and put the profits into your savings. You can also try selling on Facebook Marketplace.

The Vacation Savings Challenge 

If you’re planning a summer vacation, set a savings goal. Try to cut back on unnecessary expenses and save a certain amount each week to reach your goal.

Remember, the key to a successful savings challenge is consistency. Stick with it, and you’ll see your savings grow. Visit our website to learn more about our savings accounts and how they can help you reach your financial goals faster.