52 Week Money Challenge ... week 26 of 52. halfway there...

[liltank0206]

made my week 3 deposit !!

 

[8pm at msg]

I'm down for this. I'm gonna try and save $100 every paycheck though. Gotta micromanage my paper and stop eating out so damn much.

 

[sir charles]

The weeks payment is due. Last call.

 

[dmxgod]

Deposited my week 3..up to $44.71 ..i'm kinda likin this saving thing so far..

 

[b20 eg8]

Just made my week 3 deposit.

 

[6 Rings G.O.A.T.]

Going to make my deposit tomorrow..

 

[airtostep]

just a drop in the ocean.

 

[spidermachine916]

55$ in the bag

 

[sir charles]

Remember your payments NT

 

[antbanks81]

I got two. One jar I just throw ones, fives and change in when I come in. The other I'm following the challenge to the letter. I think I will use the second one for Christmas shopping.

 

[6 Rings G.O.A.T.]

Week $3 deposit!!

Mula!!

 

[DonRafa]

gonna give this a shot. probably start backwards

 

[killthehype]

I did something like this a long time ago.

I would put away half of my "spending money" meaning after my bills were paid off and everything or books for school food and all that.

At the end of 2 months I had around $2000.

I don't know what the hell I was spending money on.

 

[dabottom305]

So far I've deposited $20, $40, and $60. I want to see how far I'll be able to go. i need a new car.

 

[antidope]

bump

 

[antidope]

 

[jumpmanpro97]

I like challenges, I'm in starting week one on monday.

 

[6 Rings G.O.A.T.]

Easy money week $4..

 

[toolazy21]

Trying to do 3$ a week got first month done no problem 

 After June/July I know the struggle is gonna be real tho

 

[sir charles]

Trying to do 3$ a week got first month done no problem 

 After June/July I know the struggle is gonna be real tho

Alternate methods could be

$10 a week for $520
$20 a week for $1040

Etc. whichever one is easier.

I think these could be easier because its a constant amount. SOS there will never be a time when you feel like there is a huge raise in the cost.

 

[dabottom305]

Making my deposit tonight.


Local news station posted a story about it lol http://miami.cbslocal.com/2013/01/2...ing-on/?utm_source=dlvr.it&utm_medium=twitter

 

[wawawowee]

I understand the logic behind it but I think it might have a reserve effect for most. Knowing you have some "rainy day" change, you are more liable to act a fool financially elsewhere. Now if you do the 52 week challenge on top of cutting out stupid purchases, cool. SMart choice.

If you aren't going to be monitoring overall spending, I think it is pointless.

Makes no sense to do this 52 week challenge and turn around and buy hundred+ dollar handbags or shoes and think you are really doing anyhting different than before.

That would be like me giving up alcohol and allowing myself to increase my sweets intake.

I agree.

There is such a thing as saving such a small amount to where it becomes negligible.

If the choice is saving $500/year or enjoying that $500 then I'd do the latter in a heartbeat.

If the choice is saving 5k/year or enjoying that $5k then I'd do the former.

 

[prestige]

doing 26.50 a week ..made a separate savings account dedicated to the challenge
 

 

[pharelfor3]

I'm in there. Week $4 here I come

 

[captainsneakerhead23]

doing 26.50 a week ..made a separate savings account dedicated to the challenge

 

Am I buggin or is that a combination of D.WADE/D.ROSE in your avy ?

Anyways, $26.50 per week is a great idea and it will still lead you to $1,378 at the end of the year.