The 70% challenge is a money management tool used to eliminate debt, increase savings and generally better a couples financial fitness.

Basically you live of 70% of your usual allocated budget for 12 weeks. The aim is to save a large amount of money in a short amount of time, for example if you make 1000 a week as a household, your budget would be $700 for everything you need. Its a bit hardcore, it involves haveing weekly money meetings with my fiancee and keeping a hanwritten ledger to keep track of money, but in the end it should all work out for the absolute better.

In the end you get to divy up the savings, 40% to long term savings, 40% to debt and 5% to us each, so i can have some fun cash…