What Is the $5 Challenge?

The concept is simple: every time you receive a $5 bill, you set it aside instead of spending it. Whether it came from change, tips, or your wallet—every $5 bill goes into savings. Over a year, this consistent habit added up fast!

How We Stayed Committed

Tip: Use a Dedicated Jar or Envelope

We used a transparent glass jar to physically see our progress. Watching the stack grow was incredibly motivating!

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Unexpected Bonuses

  • It made us more mindful of spending small bills.
  • We skipped random snack purchases and coffee runs.
  • It became a fun challenge for the whole family.

Tip: Don’t Exchange for Bigger Bills

Keep all savings in $5 form. This prevents you from dipping into the fund when tempted.

What We Did with the Money

We used our $1,825 savings to pay off a lingering credit card debt, and it felt amazing. You could also use it for a vacation, emergency fund, or Christmas shopping.

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Final Thoughts

Big change often starts with small steps. The $5 challenge isn’t just about money—it’s about discipline, focus, and intention. Try it for a month and see what happens!