DIFFICULTY LEVEL:

MEDIUM

CUT OUT ALL THE EXTRAS

Learning how to live within your means is vital for financial peace of mind, so for this challenge you’ll essentially dare yourself to see how much money you could save in a week if you really tried. It may feel a little self-sacrificing, but it’s short-term, so you can do it. Cut out every single extra purchase for seven days, or give yourself a set amount to put toward debt for seven days.

At the end of the week, note where you are, and use that money to pay off some debt. Since this time frame of a week is slightly longer, you may want to introduce the reward element—for example, if you save $100 this week, you can spend $10 on yourself.