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Are you and your partner finding it difficult to stick to a budget? You’re not alone. Many couples find themselves in debt or struggling to make ends meet because they haven’t taken the time to sit down and figure out their finances. However, by following a 90-day budget challenge you can get your finances on track and start saving money as a couple.
In this blog post, we’re offering you to try a 90-day budget challenge to save $9900 for 12 weeks. This will help you get a clear understanding of your spending patterns and figure out where you can cut back.
We know that it can be tough to stick to a budget, especially when you’re used to spending freely. But by following our challenge, you’ll learn how to live within your means and make smart financial decisions as a couple.
The idea of 90-day budget challenge is very simple. For the next 12 weeks, you and your partner will each put $4950 into a savings account. You can use this money to pay off debt, save for a rainy day, or go on a dream vacation. The important thing is that you don’t touch the money during the challenge. You can treat a 90-day budget challenge as a fun game or a way to jumpstart your finances.
If you’re up for the 90-day budget challenge, here’s how to get started:
Talk about your financial goals with your partner.
The first step to start on 90-day budget challenge as a couple is to sit down and talk about your financial goals. What do you want to achieve in the short term and long term? Do you want to pay off debt, save for a house, or build up your emergency fund? Having a goal in mind will help you stay on track and motivated to stick to your budget. Fill out the form attached below with your partner.
Figure out your monthly income and expenses.
Now that you know what your goal is, it’s time to sit down and figure out your monthly income and expenses. This will give you a better idea of where your money is going and where you can cut back. Once you have a good understanding of your finances, you can start creating your budget.
Create a 90-day budget that works for both of you.
Creating a budget can be tricky, but it’s important to make sure that both of you are on board with the plan. Try to find a balance between saving money and still being able to enjoy your life. Remember, your goal is to save money, not to deprive yourself.
Set up a 90-day budget savings plan.
Once you’ve created a budget, it’s important to set up a savings plan. Decide how much you want to save each month and open up a separate savings account that you can use for your goals. As a sample goal, we offer $9900 for 90 days. This amount may vary depending on your income, debts, and other factors but the key is to start small. Make your goal realistic and achievable, so, that you don’t get discouraged along the way. You will find a blank sample, where you can put the saving amount per day, which is comfortable for you and your partner. As you save money, you can watch your progress and feel proud of your accomplishments.
Make Sacrifices.
If you want to save money as a couple, you’ll need to make some sacrifices. That means giving up some of the things that you love in order to reach your financial goals.
During this 90-day budget challenge try:
- Instead of going out or ordering food delivery create a meal plan for a whole week and cook at home. Cancel your gym membership and start working out for free at home or in nature.
- Stop buying coffee every day and make it at home.
- Look for free or cheap entertainment options like hiking, biking, or picnicking in the park.
These are just a few ideas of how you can save money as a couple.
Start Today.
Do not delay, the sooner you start, the faster you will reach your goal. There’s no time like the present to start saving money as a couple. By following our 90-day budget challenge, you can jumpstart your finances and get on the path to financial success.
Start tracking your progress and be consistent.
The best way to stay on track is to start tracking your progress. You and your partner should have her/his own planner. Compare planners at the end of each month, take a look at your savings and see how much you’ve managed to save. This will help you stay motivated and on track to reach your goal.
Stay on track with 90-day budget challenge!
The final step to saving money as a couple is to stay on track. Review your budget regularly and make sure you’re still on track to reach your goals. If you find yourself off course, make adjustment to your budget and continue working toward your goals.
Benefits of the 90-day budget challenge:
-You will have saved $9900 at the end of the 90 days
– You can use the printable pdfs to record your daily, weekly, or monthly expenses
– You will have a better understanding of your finances
– You can create a budget that works for both of you
– You can set up a savings plan
– You can make sacrifices and still enjoy your life
– You can start today and see results quickly
– You can track your progress and stay on track
– You can reach your financial goals as a couple!
Here are more budgeting topics:
How to draw a budget: tips for creating a budget that works for you.
A BEGINNER’S GUIDE TO MANAGING YOUR MONEY
YOUR COMPLETE GUIDE TO CREATING A HYPOTHETICAL BUDGET PORTFOLIO
Conclusion:
Saving money as a couple can be a challenge, but it’s definitely possible. By following our 90-day budget challenge, you can jumpstart your finances and get on the path to financial success. With a little sacrifice and some hard work, you can reach your goals and enjoy a bright financial future together. Thanks for reading!