Struggling to build a consistent savings habit? The Money254 Ksh10 bob Savings Challenge might be what you need.
The Money254 team has conceptualised a fun, simple, and rewarding challenge to help our readers become better savers. This year-long challenge is designed to help you grow your saving habits - without having to completely reorganise your lifestyle.
Start small and grow your savings every day with the 10 Bob Challenge! Begin on January 1st by saving Ksh10, and each day, increase your savings by Ksh10 - Ksh20 on the second day, Ks30, till the last day when you will reset.
Each new month kicks off with Ksh10 more than the previous month’s starting amount. That is, the daily starting amount on February 1, 2025 will be Ksh20. Ksh30 in December and so on until we get to December 2025 when we start with Ksh120 per day.
The idea of the Ksh10 bob challenge is not to replace your other savings plan - if you already have one. It’s a challenge to demonstrate the power of consistency. Thus, ideally, the money you will be saving will typically come from your regular expenses budget.
Identify an area where you can save Ksh10 in a day. Skip a snack, walk short distances, take a cheaper meal, bargain for a service - etc.Then increase the amount by Ksh10 every day until the end of the month. Then reset and repeat every new month.
You have full control of where you keep and spend your savings. But we would love to hear your experience as the Money254 fraternity will also be participating in this challenge. You can join the WhatsApp community here.
This creates a progressive savings pattern that helps you stay on track. By December, you’ll have saved Ksh77,560!
As you progress, your savings will grow steadily, creating a habit of saving that’s both fun and rewarding.
The challenge is designed to foster both financial discipline and community spirit. You’ll join a group of like-minded savers, stay motivated, and work together toward achieving your financial goals.
Are you ready to make 2025 the year of financial growth? Sign up for the Money254 Savings Challenge today, join our whatsapp community, and watch your financial discipline and savings grow throughout the year. Let’s make this the year you take control of your financial future!
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