Check out Moneystepper’s 2015 Savings Challenge


I was chatting with my wife last night about how quickly time seems to fly and I mentioned that I couldn’t believe that it has almost been a year since we posted an article about how people can make 2014 the best financial year yet. Well, it’s now almost 2015 and it really doesn’t seem as though 11 months have gone by. So how are you doing with your financial goals for 2014? Did you achieve them or do you feel that you could have done better?

If you are one of those people who fall into the latter half of this group in that you feel as though you could have done a lot better, then perhaps you could benefit from taking part in the 2015 Savings Challenge which is being organised by Graham over at

Graham is in the process of creating a community of people who are like-minded and who all have the same goal, to make more of their savings and grow their net worth in the year of 2015.

It’s true that some people are much more disciplined than others in their approach to achieving their goals and some find it much easier to achieve goals by being part of a community of people. We only have to look to movements like Weight Watchers for evidence that a group method can be beneficial for some in helping them to reach their weight loss goals. Perhaps the same could be true for you when it comes to growing your wealth?

Here are a few words from Graham on what he is trying to achieve with the 2015 savings challenge.

‘I’ve always been good with money. I’m a frugal soul, I avoid any extravagant expenditure and I’ve never been deeply in debt. However, despite working in a fairly well paid job for 7 years, I never seemed to be getting any wealthier.

2 years ago that changed. And it changed for two reasons:

  1. Measurability – At the start of 2013, I started to record everything in my financial world and treated Graham Clark as a business: Graham Clark Ltd! This business had a budget, it had a P&L statement (recording my income/expenses) and it had a balance sheet (detailed record of net wealth). I focused on improving this business: increasing the revenue (income), cutting back on costs (expenses) and strengthening my balance sheet (net wealth). I did this for one year and my net wealth went from being stagnant to increasing 96% in 2013!
  2. Accountability – But, it wasn’t enough. I found that I would sometimes slip up, miss a month-end recording or not worry about a splash of cash. So, at the start of 2014, I started to publish my results on Moneystepper. This increased accountability, knowing that I would be judged every month, really helped me tighten my finances even further and my annual growth in 2014 was 84% (this time from a higher base).

So, why do I want you to join the challenge?

Well, the first reason is a selfish one: I want more people actively judging how I’m doing and critiquing my performance.

The second is that I believe this will help so many people improve their financial futures and accelerate their journeys to financial freedom.

To see how the challenge can help you, and for the free downloadable “treat your personal finances like a business tracker” spreadsheet, head on over to Moneystepper’s 2015 Savings Challenge and take on this challenge for yourself, you won’t regret it!!’

2 Responses to Check out Moneystepper’s 2015 Savings Challenge

  1. I love this one, I want to try the savings challenge! I’m going to download your spreadsheet and thanks for this!

  2. Gretchen says:

    I’m definitely going to have to check this out!

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