More from The Penny Hoarder: Ditch Overpriced Car Insurance Now — Save $500 Today Despite the name, a no-spend challenge doesn’t mean you sit on your hands and spend no money whatsoever.

So, whether you want to save $500 or $5,000 ... budget to cut or you'd rather concentrate on earning money to meet your six-month savings challenge, here are some ways to add to your income ...

A family saving challenge isn’t just about money - it’s about instilling lifelong habits. Kids learn the value of delayed gratification and financial planning in a hands-on, memorable way.