Need Motivation to Start Saving Money? It Could Help You Win $500

how to start saving money

Saving money is hard — and nearly impossible if you don’t have a goal in mind.

Personally, I can only get myself to set money aside by envisioning what I’ll do with it.

The vacation I’ll take. The gifts I’ll buy. The retirement I’ll enjoy.

What about you? What are you saving for?

It’s time to figure it out, because your answer could help you win $500.

Here’s what I mean…

How You Could Win $500 for Saving Money

We’re in the middle of America Saves Week, a national campaign from the Consumer Federation of America (CFA) “dedicated to helping individuals save money, reduce debt and build wealth.”

It’s a great opportunity to start saving, and we encourage you to participate as fully as possible: Take the saving pledge, assess your savings plan and complete the saver checklist.

You can also educate yourself on personal finance issues by attending one of the associated Facebook events or webinars.

Last but not least, enter the #imsavingfor Photo Contest for your chance to win a $500 prize.

All you have to do is post a photo of what you’re saving for to one of the following social media platforms: Twitter, Google+, Facebook, Instagram, Pinterest, Vine, LinkedIn or Tumblr, and include the hashtag #imsavingfor.

Once you’ve done that, fill out this brief form, and you’ll be entered to win $500!

Though you can only enter once, you can get three extra entries by completing the savings pledge. After you’ve submitted your photo, look for an email with more information on the bonus entries.

The contest runs through March 7, 2016; on March 9, America Saves will pick one entry at random and contact the winner by email.

Even if you don’t want to participate in the contest, check out this page with all the entries — they’re sure to inspire you!  

Some of our favorites:

  • Tony is saving for GOATS. Yes.
  • Kim is saving for her kids to go to college.
  • Sam is saving for a ski trip.
  • Luciana is saving for special education for her daughter, who has Down syndrome.

If you need some help getting started, these posts might help:

Don’t worry if you can’t save a lot right now; the important thing is to just start.

Get motivated by sharing what you’re saving for — after all, it could win you $500 toward that goal!

Your Turn: What are you saving for?

Susan Shain, senior writer for The Penny Hoarder, is always seeking adventure on a budget. Visit her blog at, or say hi on Twitter @susan_shain.

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