Achieving our goals can sometimes be difficult, and we often convince ourselves that starting tomorrow will somehow make it easier. But, if you want to achieve your ambitions, there’s no time like the present. And one way to get started is by challenging yourself to complete 100 days of work towards your goal!
If you’re looking to save up some money, then these 100-day challenge ideas are perfect for inspiring you to reach your financial milestones.
100-day challenge Definition
A 100-day challenge is a period of time dedicated to bettering yourself. This could pertain to your physical well-being, mental health, finances or anything else you see fit.
The duration of 100 days was chosen because it’s brief enough that the goal still feels achievable but long enough that significant progress can be made.
Benefits of the 100-day challenge
People often choose to start a 100 day challenge for various reasons, whether they want to get in better shape or work on their hobbies. Others may want to focus on their health, money management skills, or other areas of importance in their lives.
There are endless possibilities for different types of 100 day challenges you can embark upon. However, no matter what your goal is, being dedicated to the challenge will result in tremendous benefits achieved by the end.
1. Motivativation to start NOW!
Unlike New Year’s Resolutions which can be put off until the start of a new year, a 100 day challenge holds you accountable to achieiving your goals starting from the date you commit.
A 100 day challenge is a great way to hold yourself accountable and achieve your goals. Creating a tracker for your goals helps you stay on track by providing tangible proof of your progress. This will help you stick to your goals–even on days when you feel like giving up.
3. Keep track of progress
There’s nothing quite like the feeling of accomplishment when you’re able to check something off your to-do list. With a 100 day challenge is that feeling.
It’s important to track your progress every single day while participating in a 100 day challenge. This provides motivation as you are constantly reminded of how far you’ve come and how close you are to reaching your goal.
4. Achieve goals faster
If you want to see results, you need to put in the work. This is one of the things that makes 100 day challenges so effective. On the other hand, if you’re not committed to working towards your goals, it will take a long time to see any progress.
For example, if you only work on your side hustle once a week without committing to a 100 day challenge, then at the end of three months you will have worked on it 14 times.
If you instead dedicated 100 days to work on your side hustle, at the end of three months, you would have put in significantly more effort. Comparing day 14’s progress with day 100’s shows a significant difference. This method not only leads to better results but also gets you closer to your goal.
100 day challenge ideas to save money
If you want to save money, there are plenty of 100-day challenge ideas that can help you cut your spending or beef up your emergency fund.
1. For 100 days, only buy what you need.
To start, make a list of everything you absolutely need. For the next 100 days, only purchase items on this list. You can use a physical notebook or an app to keep track of your purchases during this time. Though it may be difficult, completing this challenge will save you money in the long run!
2. Avoid restaurants for 100 days
This 100 day challenge will help you save money on your budget by cutting back on expenses, but not as aggressively as other challenges.
If you’re wondering if this is the right challenge for you, ask yourself these questions: Do I eat out too often? Do I buy lunch every day at work, or get food delivered when I’m feeling lazy?
Although it’s nice to treat ourselves sometimes, those meals can really start to add up. If that sounds familiar to you, this 100-day challenge could help you save a lot of money.
3. Save KES 1000 a day for 100 days
If you’re not utilizing a savings strategy, you may be missing out on potential earnings. If so, your first step is to make a savings plan as soon as possible. To help get started saving, try this next challenge. It’s essentially playing a game with yourself where the reward is money saved up.
Every day, put KES 1000 in a box or transfer it to another account designated for savings. At the end of the challenge period, you will have KES 100,000 saved up!
4. Try the 100 day envelope challenge
The 100 day envelope challenge is designed to help you save money. It’s similar to the save-KES 1000-a-day challenge but more intense. Here’s how it works:
- You will need 100 empty envelopes.
- Label them from 1 to 100.
- Put the envelopes in a box.
- Determine the least amount of money you’re willing to put in each envelope per day, e.g., KES 100
Every day, choose one envelope at random. If the envelope is labeled 17, put KES 1,700 in the envelope, and so on, until you run out of envelopes. At the end of the challenge, you’ll have saved more than half a million!
5. Spend 100 days devoted to your side hustle
There are plenty of options for starting a side hustle, from blogging to freelance work to delivery services. However, it can be difficult to motivate yourself – and stay motivated – throughout the process.
In this challenge, you commit to working on your side hustle every day for 100 days straight. To help you stay on track, start each week by making a list of what you’ll do each day that week. At the end of 100 days, see how much your business has grown!
6. Avoid using mobile money payment for at least 100 days.
Try using cash for all of your expenses, large and small, for 100 days.
To avoid being overwhelmed, you can make exceptions for things like rent or internet payments. But when it comes to everyday expenses like shopping and meals out, see if you can stick to using cash.
You might be surprised how much this cuts back on your spending in the end. Make sure to track everything either with paper or an app to know where your money is going.
7. Make your favourite beverages at home for 100 days
It’s okay to spend KES 500 on a latte every once in a while; we won’t judge you here. Your financial wellness is about finding what works for you and making small changes to improve your overall budget.
For example, regular coffee or tea drinking can quickly add up. If you get three coffees a week at KES 250 each, that’s KES 10,500 in 100 days (or 14 weeks). However, if you made all of those coffees at home, see how much money you could save in just 100 days!
8. Save every bit of spare change you accumulate for 100 days.
Even the smallest amount of money can have an impact over time! Try setting aside all your spare change for 100 days.
Throughout this duration, empty your purse or wallet of any change you accrue. You might even opt to use the cash more frequently to save the extra change. At the end of the experiment, see how much money you’ve managed to add to your savings goal!
9. Set aside time each week to budget your spending.
Get your money under control by budgeting during the next 100 days. Pick a day of the week, and do your budget every week on that day. For example, make your budget every Sunday.
You’ll make your budget 14 times during this journey. Afterward, hopefully, your finances will have improved significantly!
How to start a100 day challenge
100 days may sound daunting, but it’s just a few steps to get started.
1. Determine your goal
The first step is to identify your goal. What do you want to achieve? After finding an answer, ask yourself if it’s really what you want. If the answer is yes, write it down so that you remember and stay focused on achieving the goal. Checking if a goal is worth fighting for will help stay motivated throughout the journey.
2. Come up with an Action Plan
Choose an action (or multiple actions) you’ll complete (or avoid) for the next 100 days. For example, if you’re participating in an exercise challenge, maybe your goal is to run 1 mile every day for those 100 days. Alternatively, perhaps you want to focus on your mental health and promise to journal daily during that time. Significant changes will occur with consistent effort over a long period of time.
3. Create a goals tracker and use it daily/weekly to help increase your productivity.
Tracking your progress is key in any 100 day challenge- it’ll help you stay on track even on days when you want to skive. Choose a tracker you’ll actually use so that the process is as easy and smooth as possible. Whether that be a checklist, journal, or app… find something that works for YOU.
4. Take note of your progress
Evaluate your progress at the end of the challenge. Did you reach your goal? If not, how close are you? What did you learn along the way? What changes will you make going forward?
What 100 day challenge are you ready to take on?
The fact that small steps can lead to big rewards cannot be overstated, but it is often hard to get started and stay focused. To help you jump-start your journey toward meeting your goals, try taking on one of these 100 day challenge ideas. Once you start seeing improvements in your financial wellness, we’re sure you’ll want to keep going!