Think of creative ways to save your money.

Start saving by applying those ideas to your life.

Assess the results and share your success!

What is it?

The E.I. Money Savings Challenge is an activity developed to increase personal savings in a fun and interactive manner. The objective of the E.I. Money Savings Challenge is to motivate individuals to define and apply creative ideas to save money. It is easy to participate in the E.I. Money Savings Challenge just THINK, SAVE, and SHARE creative money saving ideas and how they helped in your success.

A NOTE FROM MR. Preston:

The E.I. Money Savings Challenge began on November 1, 2014. Originally, the E.I. Money Savings Challenge was to end on February 28, 2015; however, due to the success of this financial empowerment initiative and numerous requests around the country, I decided to extend the E.I. Money Savings Challenge till April 30, 2015. The “official” challenge is over and a winner was selected. That winner was Lauren Deon Hawkins pictured below.

The E.I. Money Savings Challenge continues indefinitely. I still strongly encourage you to participate in the E.I. Money Savings Challenge because there are so many great ways to save money out there, it just takes some thought about your specific lifestyle to determine what expenditure or service can be cut from your monthly budget. I’m hoping to build a resource that contains many creative ways to save money based on input from different people of diverse backgrounds so all in the E.I. community can learn unique money saving ideas from one another in a collective effort to save more money and secure a bright financial future.


“Official” E.I. Money Savings Challenge Winner
and Her Story

Money truly makes the world go round and it took me until I was a senior in college. I worked at the IT department at Spelman College so I could pay for some necessities like senior fees and gas for my car. It was not until after my last homecoming as an undergrad that it hit me, I wanted to do something extravagant for spring break and had no money saved.

Fortunately, I was enrolled in a mentor program that was preparing us for life after Spelman and what woes we would face in the real world. In the program, there were a variety of sessions that we had to attend in order to receive recognition of being apart of the organization. One session in particular spoke to me and was hosted by a fellow Morehouse man. He worked at Bank of America as a financial analyst. It was strange that he made his salary from telling other people how to spend theirs. As weird as it was, it caught my attention.


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