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Biweekly Money Saving Challenge: 14 Hacks to Save Big and Reach Your Goals

Saving money might seem like a daunting task, especially when you have multiple expenses to manage. But, by breaking down your savings goals into smaller, more manageable tasks, you can achieve your financial goals and build a strong foundation for your future. In this article, we’ll explore 14 hacks to help you save big in a biweekly money saving challenge.

  1. Set up a savings account

The first step to start saving money is to set up a dedicated savings account. This account should be separate from your everyday spending account, and it’s where you’ll deposit the money you save each biweekly. Choose a bank that offers high-interest rates and has minimal fees.

  1. Create a budget

To know how much you can save, you need to create a budget. Start by tracking your income and expenses for a month. This will give you a clear picture of where your money is going and where you can cut back. Once you know your expenses, you can set a realistic savings goal for each biweekly period.

  1. Automate your savings

One of the easiest ways to save money is by automating your savings. Set up an automatic transfer from your checking account to your savings account on payday. This way, you’ll never forget to save, and the money will accumulate without you even noticing.

  1. Cut down on expenses

To save more money, you need to reduce your expenses. Start by identifying areas where you can cut back, such as eating out less, canceling subscription services you don’t use, and shopping for groceries with a list. Every little bit counts, and reducing your expenses can help you reach your savings goals faster.

  1. Use cashback apps

There are many cashback apps available that allow you to earn money while shopping. These apps track your purchases and give you a percentage of your spending back as cash. You can then use this money to boost your savings or invest it in other ways.

  1. Shop with a list

When you go grocery shopping, always shop with a list. This will help you avoid impulse buys and stick to your budget. Planning your meals in advance can also help you save money by reducing food waste and allowing you to buy ingredients in bulk.

  1. Save loose change

You’d be surprised how much money you can save by collecting loose change. Use a jar or a piggy bank to collect any spare change you have, and deposit it into your savings account at the end of each biweekly period.

  1. Negotiate bills

You can save money by negotiating your bills, such as your cable, internet, or phone bill. Contact your service provider and ask if there are any discounts available or if they can lower your rate. You may be surprised at how much you can save by simply asking.

  1. Take advantage of discounts and promotions

Many stores and online retailers offer discounts and promotions, so make sure to take advantage of them. Sign up for email newsletters, follow your favorite brands on social media, and use coupons and promo codes to save money on your purchases.

  1. Pay off debt

High-interest debt can eat away at your savings, so it’s important to pay it off as quickly as possible. Prioritize paying off debt with high-interest rates, such as credit cards, and work on paying off smaller debts first to gain momentum.

  1. Start a side hustle

One way to boost your savings is by starting a side hustle. This can be anything from freelancing to selling products online. Use the extra income to increase your savings or invest it in other ways.

  1. Invest your savings

Once you’ve built a solid foundation for your savings, consider investing your money to help it grow. Invest in stocks, bonds, mutual funds, or real estate to create additional streams of income and increase your wealth.

  1. Track your progress

Keep track of your progress by regularly checking your savings account balance and comparing it to your savings goal. This will help you stay motivated and on track to reach your financial goals.

  1. Celebrate your achievements

Saving money is a journey, and it’s important to celebrate your achievements along the way. Whenever you reach a savings milestone, reward yourself with a small treat or activity. This will keep you motivated and excited about reaching your next goal.


Saving money doesn’t have to be difficult or overwhelming. By breaking down your goals into smaller, manageable tasks, and using these 14 hacks, you can successfully complete a biweekly money-saving challenge and build a strong foundation for your financial future. Remember to track your progress, celebrate your achievements, and keep pushing forward to reach your savings goals.


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