Since we’re starting a new year, everyone is talking about resolutions and goals for 2017. One challenge has been going a bit viral, and it’s called the $5 challenge.
The challenge is that every time you receive a $5 bill, you put it away. So if you break a bill and get $5 bills, just keep them and don’t spend them. Save all of your $5 bills for an entire year, and don’t count or spend any of it until the challenge is complete. I guess the idea is that you’d usually spend your $5 bills on small (and possibly unnecessary) things, so if you save the bills they’ll add up to big savings!
People have been saving a lot of money by doing this simple challenge! Take a look at how much one Facebook user saved:
It would be great to save all that money (but I love spending my $5 bills on tea and snacks)! Would you take the $5 challenge?