10 saving challenges to try in 2024

Our top 10 saving challenges to help you reach your goals this year.

If your New Year’s resolutions have made it past the dreaded mid-January quitter’s day, you’ve come further than the 43% of Brits who throw in the towel before the end of the month. It’s no surprise that ‘improve finance’ ranks at the top for New Year’s resolutions most years, but what are the best ways to save money in 2024?

Here’s our list of 10 money saving challenges to help you build your savings over the next year.

Coins spilling out of jar

1. The no spend challenge

This one’s simple but takes a little discipline. All you need to do is give up non-essential items and pop what you’d ordinarily spend on it straight into your piggy bank.

This could be your daily coffee or weekend take-away. For a medium sized latte bought three times a week, this would add up to £468 a year. Putting away small amounts can really add up.

Taking the no spend challenge further, you can give up all non-essential items and spend money only on food, bills and toiletries. Doing this for just a couple of months can make a huge difference to your finances.

2. The cancellation challenge

The 5p saving challenge

4. The shopping receipt challenge

5. The 1p saving challenge

6. The £1,500 challenge

7. The monthly countdown challenge

8. The 100 envelope challenge

9. Round up challenge

10. Bill-cutting challenge