365 Day Quarter Challenge & Saving 25 cents a Day for a Year

It can be quite easy to dismiss small amounts of money as not worth the hassle of saving, but what if I told you that starting with just a quarter a day for a year could really jump-start your savings?

One of the most important things you can do for your budget is to pay yourself first– an easy (and fun!) way to do that is with money-saving challenges.

If you’ve been struggling with really saving money, the reason these challenges are so effective is that they don’t require you to start building habits or committing to becoming more disciplined in one area or another.

Saving with challenges makes saving money feel fun but still moves your forward to accomplish your goals.

What is a money-saving challenge?

If you’ve never participated in a money-saving challenge before, they are really quite simple and straightforward. There is a designated time frame, in this challenge it will be a year.

And there will be some monetary plan/designation–for this challenge we will be saving quarters.

The challenge is moving through the time frame making sure to hit those savings goals each day.

Pretty simple, right?!

quarter challenge permission to email

the 365 Day Quarter challenge

Let’s take a look at the savings printable above.

The idea in this challenge is that you are going to save a quarter for every day you are into the challenge.

For example, on Day 1, you save one quarter ($.25). On Day 2, you will save two quarters ($.50).

Why is this challenge effective? Because at the end of the 365 day quarter challenge you will be left with a whopping balance of $16,698.75.

This challenge could be great for people looking to fill out their emergency fund.

Utilizing this money saving challenge you will be on track to save $1,000 by Day 89. That’s just under 3 months of saving.

Quarter Challenge Variations

If this above method seems a little intense, you could always create slight variations depending on your budget and money goals.

For example, if you are only looking to save $1000 you could stop on Day 89.

The possibilities are endless. of all the ways you can find to save money starting with just $.25 a day.

How much money will I have if I save a quarter a day for a year?

1 quarter a day for a year is $91.25. There are 365 days in a year, $0.25 x 365 is $91.25.

Where to Save the Money from your Money Saving Challenge

There are a few options when it comes to stashing your new found savings.

OPTION 1: Grab a jar, milk jug, basket–whatever you have handy and start tossing quarters in it every day (marking your printable sheet off as you go.

If you are looking for a super fun option, I found these cute printables you could use to dress up a jar you have around your house.

picture of savings jars for money in the denominations of $1 and $5.

OPTION 2: Calculate how much you’ll need for the week and make weekly deposits into your jar, jug, basket, etc.

OPTION 3: Automate your savings. Calculate what you’ll need for the week/month and set up automatic transfers to pull those over into a savings account.

Frequently Asked Questions

Wrapping it Up

Money saving challenges can be great tools when it comes to leveling up your money saving game. This challenge in particular puts to rest the idea that even making small deposits can lead to big savings balances. The key here is to find the right one and be consistent.

Have you tried money saving challenges before? What’s been your favorite? Hit reply and let me know.

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    Kristen is the founder and content creator at Mom Managing Chaos where she teaches busy moms how to simplify and organize their life and finances. She writes about frugal living, budgeting, productivity and organization.