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With the economy being uncertain, prices of goods and services rising, and job losses, having money saved is very important. I’m sure you have heard of the Baby Steps and the need to save $1,000 for an emergency before you start to pay off debt. Having an emergency fund, eliminates the need to go into debt because you have cash to handle the emergency.
If you don’t have an emergency fund and want to start saving for one, I have a treat for you! To help track your emergency fund savings progress, I created a $1,000 Emergency Fund Savings Challenge. I want to share it with you as a FREEBIE! To get your Emergency Fund Savings Challenge, click the link below to begin the download!
$1,000 Emergency Fund Savings ChallengeThe Printable $1,000 Emergency Fund Savings Challenge
I created this savings challenge because I know that there are people who do not have any money saved for any emergency. Since the goal is to save as much money as you can, I wanted to provide a free tracker that will help you to reach your savings goal. Even though this is a $1,000 emergency fund savings challenge, that may not be enough for you. This savings challenge can be completed as many times as you need to fully fund your emergency fund.
For example, if you want to save $3,000 in your emergency fund, just completed this savings challenge three times. Or you can cross out the $10 that I filled in at the top of the tracker for each butterfly and write $30. That way you will only have to complete the tracker once. I wanted to make this savings challenge as simple as possible, so that you can focus on saving!
How to Complete the Savings Challenge
This challenge is very simple to follow. There are 100 butterfly images on the tracker. Each butterfly is worth $10. Each time that you save $10, color a butterfly and put your money in a cash envelope, jar, or other storage container. After you have colored in all of the images and saved $10 for each image, the challenge is complete! I created this savings challenge as a low-income savings challenge so that anyone can save money. As you color in the tracker, you will see that you are closer to reaching your savings goal!
Give Yourself a Savings’ Goal Date
This savings challenge can be completed at your own pace. Since you are saving for your emergency fund, I will suggest setting a goal date for when you want to complete the savings challenge. This will keep you motivated and focused on your goal!
Finish Strong!
The best part about using a savings challenge tracker is that you can see your progress! With this challenge you will keep saving until your challenge is completed. It may get tough in the beginning because the finish line seems far away. KEEP GOING! Remember why you are saving and finish your challenge strong.
Free Printable $1,000 Emergency Fund Savings Challenge
This free emergency fund savings challenge comes in two sizes: US letter size and an A6 Size. This way you can use a tracker for your A6 binder and have a larger print out that you can see daily.
To get your Free Printable Emergency Fund Savings Challenge, Click the Link below to begin the Download:
$1,000 Emergency Fund Savings ChallengePlease feel free to check out the free budgeting resource library that has all a bunch of budgeting trackers to help you transform your finances: Free Budgeting Resource Library.
Time to Get that Emergency Fund Together!
Be proud of yourself for taking on the challenge to save for your emergency fund. Imagine what it will feel like to have enough money saved for an emergency! To not have to pull out a credit card or borrow money. That is enough motivation to start and complete this savings challenge!
Before you start saving, please leave me a comment below letting me know what your savings goal date is. I’m doing this challenge and plan to finish by May 2023! Also, please share this post with anyone that you think it may help. Don’t forget to connect with me on social media: @thesavingbutterfly
