A monthly savings challenge can be an effective way to teach them about financial responsibility while making the process enjoyable. Start by setting clear and achievable goals. For instance ...

Just how far are you willing to push yourself to save a meaningful amount of money in a short period of time? Only you know. But when you want to accumulate a lump sum by a date on your calendar ...

The key is to develop the habit of saving regularly, focusing on reducing expenses in your daily life. The following challenge is an example of how you can make small, manageable changes to help ...

One effective one we’ve done is the 52-Week Money Savings Challenge. “Teaching kids, particularly teens, about money is crucial because many will begin jobs and earn paychecks,” says René ...

A savings challenge helps you "get into a habit" of putting money aside. From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.

With $4,000 in monthly costs, your retirement funding challenge calls for $48,000 annually. The 4% safe withdrawal guideline proposes that retirement savings can safely produce 4% income per year ...