Rules – Two Dollar Challenge (2024)

This is your Two Dollar Challenge: a personal journey that will confront you with a few of the many constraints faced by those wholive on less that $2 a day. There are three levels of participation: Beginner, Intermediate, and Advanced. You choose the level of difficulty. You are also free to customize your own experience by choosing rules from each of the three levels of participation. In the end, you decide how deep you want to take the experience.We will say, however, that as you increase the level of difficulty you increase the level of interdependence among participants. In turn, you hasten the formation of community. And, community is the key ingredient that adds nuance and value to your group discussions.

Download a copy of the Rules (pdfor word)

FULL RULES

All Levels of Difficulty:

All goods and services consumed during the Two Dollar Challenge must be newly purchased out of your $2 a day income. These items include, but are not limited to: personal hygiene products, cosmetics, and all food or drinks.

You are limited to two complete outfits of clothing. Both complete outfits must be kept on your possession for the duration of the Challenge.

With a few exceptions (see below) you cannot use any part of the wealth you enjoyed before the Challenge (that includes stored food and drinks and meal plans if you are a student).

Exceptions Include:

  • Health related goods and services
  • Uniforms for work and extracurricular activities
  • Stove top
  • Pots and Pans for boiling water and preparing food
  • Refrigeration for storing perishable food
  • Reusable Water Bottle
  • Backpack for carrying items
  • Indoor heating and cooling is permitted.
  • Gasoline for traveling to work, school, and/or internships
  • For those choosing to live in shelters: Sleeping bag, Blanket and Tarp

You must participate in at least two group discussions. We have topics, readings, resources, and discussion questions to assist you.

Any monetary assistance you receive during the Two Dollar Challenge must be donated to the organization you are raising funds for. It cannot be used to supplement your income.

Beginner:

You participate for 3 days and 2 nights.

You receive your income in one lump sum ($6 or $2 per day for 3 days).

You can carry over savings from one day into the next.

You can sleep in your room or in the shelters.

You can access water from both private and public taps.

You can access both private and public restrooms.

You can use electronics (phones and computers) during the day in any location and after dusk.

You can barter for additional goods and services that you wish to consume outside of your $2 a day income. You must provide a service in exchange for these goods (for example, cleaning a room).

You can accept and consume unsolicited food donations that are perishable (non-perishable food items should be stored and donated to a local food bank).

Intermediate:

You participate for 4 days and 3 nights.

You receive a daily income of $2 per day.

You can carry over savings from one day into the next.

You reside in shelters constructed out of free and/or discarded materials for at least 2 nights.

No showers.

You can bathe from a public water source (for example, a common sink); however, you are not allowed to use the hot water tap. You can use other means to heat water to a desired temperature for bathing.

Your access to water is limited to public water sources (e.g. water fountains).

You must boil your water before it can be consumed (this includes water for drinking and cooking or brushing your teeth with)

You can only access public restrooms.

Your consumption of electricity must coincide with nature. For example, lights can come on when the sun rises but must go out at sunset.

You may not use your phone or computer after sunset.

You can barter for additional goods and services that you wish to consume outside of your $2 a day income. You must provide a service in exchange for these goods (for example, cleaning a room). And, you can only barter with individuals outside of your network of family and friends.

You are not allowed to consume perishable food donations.

Advanced:

You participate for 5 days and 4 nights.

Your daily income is determined randomly. It could be $0, $3, $2 or $1.

You daily income is not guaranteed to average out to $2 per day for the 5 days.

You can carry over savings from one day into the next.

Your daily income, savings, and accumulated wealth (stockpiles of food) are susceptible to Personal and Community Shocks on a daily basis. These shocks can be positive (adding to your income or wealth) or negative (subtracting from your income or wealth).

You reside in shelters constructed out of free and/or discarded materials for at least 3 nights.

No showers.

You can bathe from a public water source (for example, a common sink); however, you are not allowed to use the hot water tap. You can use other means to heat water to a desired temperature for bathing.

Your access to water is limited to one public water source (for example, one water fountain or spigot).

You can gather water from your one designated water source only during specific hours (e.g., one hour intervals in the morning and afternoon).

You must boil your water before it can be consumed (this includes water for drinking and cooking or brushing your teeth with).

You can only access public restrooms.

Your consumption of electricity should coincide with nature. For example, lights can come on when the sun rises but must go out at sunset.

You may not use your phone or laptop except for work or Two Dollar Challenge related activities.

You cannot barter for additional goods and services.

You are not allowed to consume perishable food donations.

Some Do’s and Don’ts

Do refrigerate all perishables.

Do not skip taking medication.

Do not participate if ill or become ill.

Download a copy of the FullRules

Rules – Two Dollar Challenge (2024)

FAQs

What is the $2 challenge? ›

This is your Two Dollar Challenge: a personal journey that will confront you with a few of the many constraints faced by those who live on less that $2 a day. There are three levels of participation: Beginner, Intermediate, and Advanced. You choose the level of difficulty.

How to do the dollar challenge? ›

Match each week's savings amount with the number of the week in your challenge. In other words, you'll save $1 the first week, $2 the second week, $3 the third week, and so on until you put away $52 in week 52.

What are the rules of the $5 dollar challenge? ›

The five dollar challenge is an easy way to save money without cutting back on spending. All it requires is that you save every $5 bill you get as change.

How much money is saved in the 52 week challenge? ›

Week 1, you save $1.00. Week 2 you save $2.00, and it continues through the year, adding one more dollar to each week's savings goal. By Week 52, you'll set aside $52.00, which will bring the year's total savings to $1,378!

How to save $2500 in 6 months? ›

Sticking with the "$2,500 in six months" example, you know it will take you $417 a month to save that amount. If you can already save $150 easily, you'll need to save only an extra $267. That money will come from reducing expenses or adding to your income – or a combination of both.

How to save $5000 in 3 months? ›

How To Save $5,000 in 3 Months
  1. Create a budget.
  2. Find ways to increase your income.
  3. Reduce expenses.
  4. Embrace savings challenges.
  5. Automate your savings.
  6. Track your progress.
Aug 17, 2024

How much is 50 cents a day for a year? ›

greg on X: "Saving just 50 cents a day will get you $18,250 in a year. Let that sink in https://t.co/aKvJe0Dj34" / X.

How do you save $1 a week then $2? ›

How the 52-week money challenge works
  1. During your first week, you save $1.
  2. The next week, stash away $2.
  3. Increase the amount saved by $1 each week for 52 weeks — a full year.
May 14, 2024

What is the $100 dollar challenge? ›

It works like this: Gather 100 envelopes and number them from 1 to 100. Each day, fill up one envelope with the amount of cash corresponding to the number on the envelope. You can fill up the envelopes in order or pick them at random. After you've filled up all the envelopes, you'll have a total savings of $5,050.

What are the 1 dollar rules? ›

The $1 rule reminds us that quality sometimes costs money, but it's more sustainable than wasting money on poorly made items. The fast-fashion industry expects consumers to pay $20 for a pair of shoes or a sweater, but items at those bargain price points often don't last.

What is the $10 challenge? ›

The $10 Challenge does exactly that. Life Science students use their resources and network to come up with an innovative solution that improves people's life for a maximum cost of $10 per treatment.

What is the $5 bill trick? ›

Five dollar bills can add up quickly. Just putting aside two $5 bills a week will give you $520 in savings after a year. And since the amount is fairly nominal, your savings can grow without even missing your $5 bills. A valid starting balance is required.

How much is 1 dollar a day for a year? ›

The answer to that question depends on interest rates or rates of return. With no interest involved, putting one dollar a day into a bank account (or a jar at home) will see you end up with $365 in a year. Multiply that amount by 30 years and you'll end up with $10,950. Now let's factor in an interest rate of just 1%.

What is the $1 challenge? ›

One of the most popular ways is to start by saving $1 in the first week, and increasing the savings amount by $1 each subsequent week. This challenge can help you save money because the amount is meant to be small and manageable.

What is the $100 in 30 days challenge? ›

The goal of the Challenge is simple: save $100 in a 30-day time period through a series of gradually increasing deposits. November has 30 days so every day is a savings day. As shown in the picture below, daily savings deposits start at $1 a day for five days followed by $2, $3, and $4 each for five days.

What is the superstition about 2 dollar bills? ›

Some people carry $2 bills in their wallets or purses for good fortune. Some also believe the $2 bill is lucky because it's considered a "rare" denomination (in reality, it's just less common), while others say it's lucky because of its association with Thomas Jefferson and the Declaration of Independence.

How much is the $100 dollar challenge? ›

Take stock of your savings At the end of 100 days, you'll have 100 envelopes containing $5,050. That's right—1 + 2 + 3 + 4 and every other number through 100 equals just over $5,000.

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