Some of these may feel brutal but the hard work pays off
I have become obsessed with free money challenges lately. I’m just so curious how other personal finance experts and bloggers teach money management, which is why I’ve signed up to quite a few of them in the past little while to test them out.
Since I know I’m not alone in this, I wanted to do a round-up today of some free money challenges I know you will love. And they just so happen to all be created by women. Seriously, total coincidence.
What I love about challenges like these is they are such a great way to test your knowledge and do an audit of your current financial situation. Sometimes it’s nice to hit the refresh button once in a while, you know what I mean?
Not only that, many of these free money challenges come with a community of people who are doing it alongside you. I can’t tell you how much I love my private Facebook group, so I’m excited to jump into some of the groups that come with these challenges to see what everyone else is talking about.
1. Zero to Investing Hero by Desirae Odjick
Desirae Odjick from Half Banked has created this free investing course for anyone who kind of knows that in theory, yes, they should be investing, but has no idea how to get started, or how to make sense of all the options out there. This was me to a T when I first started learning about personal finance 7 or so years ago. I sure wish this course was around back then.
When you sign up to the Zero to Investing Hero course, you’ll learn everything from why investing is so important — even if you can only contribute $20 a month — to all of the very-beginner-friendly options out there for newbie investors.
Basically, if you don’t know much about investing but you want to change that, this is a great course to get you started.
Click here to learn more
2. The Cash Confidence Challenge by Stefanie O’Connell
Stefanie O’Connell, millennial money expert and author of The Broke and Beautiful Life, recently launched her own free money challenge called The Cash Confidence Challenge. This one comes with a very active Facebook group where everyone is called a Cash Confidant (love that).
Essentially, it’s is a 7-day roadmap to financial independence specifically for women. Each day you receive an email, a video and a worksheet designed to help reduce your financial stress and build your cash confidence to afford your future on your terms.
So if you want to be that girlboss, independent woman who knows exactly what’s up with her money, check this one out for sure.
Click here to learn more
3. Debt Mindset Reset by Jackie Beck
Jackie Beck from The Debt Myth has created a debt-focused free money challenge called Debt Mindset Reset. I know debt is a huge struggle that we’ve all dealt with at one point or another, so if debt is your biggest money setback right now, this might be the free money challenge for you.
This challenge is all about making you aware of the areas in your life where debt has become pervasive and helping you find a way to change that.
If you want to get out of debt and stay out of debt, what you really need to do to set yourself up for success is do a debt mindset reset. This challenge will only take you 15 minutes a day for 7 days, and you’ll thank yourself later for taking the time to help yourself out.
Click here to learn more
4. Make Money Your Honey Makeover by Amanda Abella
Amanda Abella, a personal finance writer and online business coach, developed the Make Money Your Honey Makeover to help millennials pay down their debt, boost their savings and make more money.
It’s free a six-week challenge where students get a daily email with a new financial lesson. Week 1 covers debt repayment, Week 2 covers savings and investing, Week 3 covers budgeting, Weeks 4 and 5 cover the psychology of money, and Week 6 covers earning more money.
If you’re looking at your finances right now and they’re a complete mess, it may mean it’s time for a full-on makeover. Luckily, this one’s free and will take you less than two months to go from money mess to money maven.
Click here to learn more
5. Budget Makeover Mini Course by Kate Dore
Is it time for you to refine your budget, save money, pay off debt and start investing? Then you should check out Kate Dore from Cashville Skyline’s new Budget Makeover Mini Course.
This one is so new in fact that it hasn’t quite opened its doors yet. Still, you can register now to save your spot, and it sounds like it’ll be worth getting on the waiting list for.
Kate promises to help you learn the steps you’ll need to take to save 40-50% of your income. That’s no easy task, and I know most of us would love to know how to save almost half our income. Plus, Kate definitely knows what she’s talking about when it comes to proper money management. She’s on her way to becoming a Certified Financial Planner.
Click here to learn more
6. Uber Frugal Month Challenge by Mrs. Frugalwoods
Mrs. Frugalwoods, the blogger behind Frugalwoods, created this as a 31-day challenge to do with her readers this past January, but it was so popular it’s now open for anyone to take anytime. And you want to know how popular it is? Last I checked she wrote that over 8,000 people had signed up.
Curious what an uber frugal month looks like? It means examining all of your spending, categorizing your expenses, identifying areas you can reduce and eliminate your spending, and that’s just to start.
Click here to learn more
7. Money Mojo by Esther Goh
Esther Goh from NZ Muse has created a free money challenge called Money Mojo all about getting your financial groove back. It’s for anyone who feels like they are stuck in a money rut (been there), and just needs a few easy wins to get out of it.
For five days, you’ll receive a new email from Esther with quick, actionable steps to help you find your motivation and flow, and most importantly get ahead.
Click here to learn more
8. Get Your Financial Life Right Challenge by Jessica Moorhouse
You know I couldn’t help but promote my own free money challenge. Shameless. But still, I just wanted to share my Get Your Financial Life Right Challenge in case you didn’t know I even had this floating around.
I shared it on the blog not too long ago, and already several hundred people have signed up for my 10-day email course going through the most important things you need to do to get your life and finances in order.
It’s incredible how many emails I’ve gotten thanking me for including “Get Life Insurance” and “Get a Will.” Important things that I think many people, especially millennials, forget to look into.
Click here to learn more
Bonus: 21-Day Self Worth to Net Worth Challenge
Not quite done the self-promotional concert tour here. I also recently teamed up with two personal finance bloggers, Sarah Li Cain from High Fiving Dollars and Tara Falcone from ReisUP, to create the Self Worth to Net Worth Challenge.
It’s a 21-day challenge that goes through the psychology of money for week one, strategies for managing your money in Week 2, and key things you need to know to be a savvy investor in week three.
This challenge however isn’t free, though it practically is. Basically, you pay $30 to start, and if you complete the challenge and do all of your homework, you get half of it back.
We thought this would be a cool way to keep yourself accountable with a reward at the end.
Click here to learn more
This article was published with the permission of Jessica Moorhouse — 8 Free Money Challenges That Will Whip Your Finances Into Shape.
Jessica Moorhouse is a millennial personal finance blogger, host of the Mo’ Money podcast and founder of the Millennial Money Meetup. Follow her on Twitter.
More from Jessica Moorhouse:
• This is what happens when we invest in our county’s youth
• Doing your taxes online vs. using a tax professional — My review on going to H&R Block
• Listen to her podcast: How to get your employer to pay for your degree
