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

[d e beatup]

For people who can't responsibly save money on their own

Pretty sure that would be the majority of users on this board given the demographic.

I grew up poor, mom dukes did what she could with what she had; literally wasn't nothing left over to save. When I hit my first job in high school I went wild spending to compensate for what I didn't have.

What I do is take 3% and have it direct deposited to a savings that's absolutely off limits. For my other savings, I try to match my frivolous purchases. If I spend $60 on kicks, I need to deposit the same amount. This also helps me avoid impulse buying just cause I got extra con to part with.

I like the idea of the challenge but I think it's more beneficial to chart/record every purchase for a few weeks. You'd be surprised at how much you blow on bs that you didn't need.

 

[retro23j]

I shall participate

 

[captainsneakerhead23]

I'm in .. I'll try to add my own twist to it

 

[4one5]

This really isn't that hard. I've deposited $25 every week for the past couple years and use that to travel somewhere after a year.

 

[degenerate423]

Can't hurt to try.  I barely touch my savings anyway...

 

[antbanks81]

I'm on it..this has ben floating around FB all day

 

[stunnaman]

Will try

 

[sir charles]

a week huh? gonna be hard come November and December with the holidays.

This. I might just do it backwards, start with 52 dollars week 1 then count down..

That's a great idea

Anyway, will be doing this but with cash instead of my bank account. It's be nice to have an extra $1,300 laying around for next year.

 

[bigdirty978]

Im in

 

[Mound Raised]

 

[c hanna]

if youre transferring from checking to savings, which i was going to do, you have a limit of number of transfers you can do per month before getting charged
at least w/ bofa

 

[big atz]

I'll do one for me and one for the wife.

 

[janitor]

I'm in for the challenge. Although I already have a steady saving system, doesn't hurt to add more.

Same here, although that December credit card bill's coming in real soon...plus I'm looking at a new tv for the end of this month...plus a bachelor party/wedding/honeymoon to pay for this year...

And I'm STILL down for this challenge. In. Should be fun.

 

[supersic97]

sounds interesting. i'll give it a shot.

 

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

if youre transferring from checking to savings, which i was going to do, you have a limit of number of transfers you can do per month before getting charged
at least w/ bofa

Just hit my DAMN limit!!

 

[dabottom305]

if youre transferring from checking to savings, which i was going to do, you have a limit of number of transfers you can do per month before getting charged
at least w/ bofa

Just hit my DAMN limit!!

Wells Fargo limits you to like 6 transfers from Savings to Checking ever period. I get past it by going to a branch and using an their ATM. Maybe BOA is the same way.

 

[chicagokid23]

Ill Put in $10 today to cover week 1-4 but then I know prolly by week 5 when i have to make another deposit ill forget all about this

 

[sir charles]

Ill Put in $10 today to cover week 1-4 but then I know prolly by week 5 when i have to make another deposit ill forget all about this

I made a checklist that pops up on my laptop when it turns on so I don't forget.

 

[pharelfor3]

im in there. that money gonna be good come christmastime

 

[datdude0903]

Will try this for some extra cash. Aside from the 20% of each check I get. Will be difficult.

 

[imaginaryone]

Def going to do this.

 

[aini]

Will try. I'm gonna save the pic to know in which week I am.

 

[blakmn89]

Will give it a try

 

[unknwn]

I'm actually going to try this but just double it... no humble brag intended

 

[weekz]

ill try