27 Jun 2025
Bank fees, exchange rate markups, and urgent transfers can eat into your hard-earned euros. But what if you could cut those costs with a fun, trendy approach? Enter micro-savings challenges—a gamified way to save small amounts consistently, helping you fund an affordable money transfer from Spain to Colombia.
Micro-savings challenges are all about saving small amounts regularly in a way that feels fun and rewarding rather than a chore. By turning saving into a game, these challenges encourage you to set aside small sums that add up over time, ideal for funding your next Spain-Colombia bank transfer.
Micro-savings involve setting aside tiny amounts, like €1 to €5 daily, through deliberate, bite-sized efforts. These challenges use behavioral nudges—think small rewards or milestones—to make saving feel exciting. For example, skipping a €3 coffee or saving spare change from purchases can build a surprising nest egg. It’s a practical way to prepare for sending money to Colombia without feeling the pinch.
Here are three popular micro-savings challenges that expats in Spain are using to save for remittances:
Pick one or two days a week to skip non-essential purchases, like a €4 latte or a €5 snack. Redirect that money to a savings pot for your transfers. This challenge is great for busy expats who want a simple way to cut back.
When you spend, round up to the nearest euro and save the difference. For example, a €2.30 purchase becomes €3, and you save €0.70. Over a month, these small amounts can add up to €20–€30, perfect for a fast Colombia transfer from Spain.
Save €1 in week one, €2 in week two, and so on, up to €52 in week 52. By the end of the year, you’ll have €1,378—more than enough for multiple transfers. This challenge suits those who love a structured, long-term plan.
International money transfers, like those from Spain to Colombia, often come with high costs. Micro-savings challenges help you tackle these costs by building a dedicated fund and giving you flexibility to time your transfers wisely, ensuring more pesos reach your family.
Micro-savings challenges let you create a dedicated fund for remittances, reducing the need for rushed, costly transfers. For example, saving €2 daily through the Round-Up challenge adds up to €60 in a month—enough for a fee-free transfer with ACE.
This approach means you’re not scrambling to cover fees or dipping into savings meant for rent or groceries. With a small, consistent effort, you can remit money to Colombia online without financial stress.
Exchange rates between the euro (EUR) and Colombian peso (COP) fluctuate daily due to economic factors like trade or inflation. Keep up with global economic news that impacts these rates at Reuters. Instead of locking in a poor rate for an urgent online money transfer from Spain to Colombia, you can time your transfer to maximize value, ensuring your family gets more pesos for essentials like food or education.
Starting a micro-savings challenge is easy, but making it work for your lifestyle takes a bit of planning. With the right tools and strategies, you’ll be on your way to cutting costs on your next transfer to Colombia.
Not every micro-savings challenge suits everyone, so pick one that matches your lifestyle and financial goals:
Try the No-Spend Day challenge. It’s low-effort and works well if you’re juggling work or studies. Skipping a €3 snack twice a week can save €24 a month.
The Round-Up challenge is ideal if you use digital payments often. Small daily savings, like €0.50, can grow into a significant fund for transfers.
The 52-Week Challenge is perfect if you want to save steadily for larger or regular remittances, like supporting family during holidays.
Start small to build confidence—saving €0.50 daily feels doable and can grow into €15 monthly, enough for a low-cost transfer using the best app to send money to Colombia.
Technology makes micro-savings and transfers a breeze. ACE’s mobile app is a one-stop shop for tracking your savings and managing transfers. You can set savings goals, monitor EUR-COP rates, and schedule transfers all in one place.
Pair this with budgeting apps like YNAB or Monese, which sync with micro-savings challenges by automatically rounding up purchases or tracking no-spend days. For more ways to cut transfer costs, check out this guide on saving with international transfers. With ACE’s secure platform and real-time notifications, you can stay on track for cost-effective transfers while keeping your savings on track.
Micro-savings challenges are a smart, fun way to cut costs on transfers from Spain to Colombia, empowering expats, immigrants, and students to make every euro count. By saving small amounts through challenges like No-Spend Day, Round-Up, or the 52-Week Challenge, you can build a transfer fund and time your remittances for the best EUR-COP rates. Paired with ACE Money Transfer’s low fees and user-friendly app, these strategies ensure more pesos reach your loved ones for essentials like food, education, or emergencies.
The “Round-Up” challenge is perfect for beginners. Round up daily purchases (e.g., €1.40 to €2) and save the difference. It’s low-effort and adds up quickly for transfers.
By saving small amounts regularly, you build a fund for urgent transfers, avoiding high-fee, rushed transactions with ACE’s fast delivery options.
Absolutely! Micro-savings can fund travel, debt repayment, or investments while still covering remittances with disciplined planning.
Yes, students can use simple challenges like “No-Spend Days” to save small amounts, perfect for low-budget lifestyles and sending money home.
No stress! Just resume the next day. Consistency matters more than perfection, and small savings still add up over time.
