Money talks might be a taboo in a lot of relationships, so why not make it fun? Let’s take a look at some money challenges you can do with your partner to spice up your relationship and speed up your savings goals!
The rule of this challenge is simple – Save every $1 bill that you receive. Whenever someone gives you a change, just toss it in a jar and never spend it. After the deadline, you can compare it with your partner to see who has saved more, or it can be a collaborative goal.
Don’t like the idea of $1 bil? Try $5 or $10 or in Khmer Riels depending on how often you get those bills. You can always adjust the number to fit your income. However, if you are living the cashless life, this might not be it for you, oops!
If you or your partner has some bad habits that both of you need to work on, this is a fun and creative way to do it. You and your partner need to agree on the bad habits that you want to get rid of (i.e. littering), and the amount of money as penalties. Whenever you or your partner commit a bad habit, you will have to put that amount of money in the saving jar.
Because the main purpose of this challenge is more about correcting bad habits, it should be the lesser, the better. Hence, we’ll suggest you to use it as a side challenge instead as it is unlikely that you can save up for a large amount in this way.
The rule for this challenge is, you save the same amount of money as you spent for buying things you don’t need. If you or your partner is a huge spender, you will likely save a lot of money with this method.
Besides saving money, you and your partner will learn about the importance of budgeting for your needs and wants, and likely ask yourself if each spending is worth your money.
There are 2 ways you can play this challenge. The first one is to save according to the weather (i.e. if it’s sunny, put $30 in a saving jar. If it’s rainy, $10). Different weather affects our activities. For example, you are more likely to go out on a sunny day than a rainy day. Hence, saving more on a sunny day will reduce your disposable income for unnecessary spending.
Another way is for you and your partner to make a personal forecast of the next day's weather. The loser put the set amount of money in the jar. If it’s a tie, you can split the amount in half. This challenge will ensure that you save some money every day. Plus, who doesn’t love winning at predicting the weather?
These challenges not only bring both of you closer together with a common goal, it helps make financial discussions easier as well. Try it out and let us know how you do!
Lead a healthy financial life with us