I've decided to join the $20 Challenge, perhaps because it will get me disciplined in the true art of saving. At the same time, I can pass this challenge on to my kids - one's 23; the other almost 20.
I've got a pretty good start on the challenge. $86 to be exact. One way I add to it is by checking a newspaper vending machine at work for coins left behind in the coin return slot. I also believe in picking up coins, be it pennies or of the silver variety, and adding it to my coin jar. I don't like mixing coin and paper money.
Something else I do when I get my weekly paper check is to deposit an even amount into my checking account for paying bills. Then the odd amount of dollars and change will go to my Challenge Account.
I've decided to invest my money in SmartyPig where the savings yield is currently 4.30%.
My take on the $20 Challenge
April 27th, 2008 at 08:39 pm
April 27th, 2008 at 09:21 pm 1209327700
Welcome to SavingAdvice! You are indeed off to a great start with the $20 challenge!
April 27th, 2008 at 09:31 pm 1209328260
April 27th, 2008 at 11:11 pm 1209334294
April 28th, 2008 at 01:06 am 1209341175
For instance, I've named one account "Plane Ticket." I put in how much I need to save by a certain time frame. The plane ticket money is so my daughter can come home from college. Y'all know how expensive it is to fly nowadays.
Anyhow, check it out and see if it fits into your "lifestyle" on saving......
https://www.smartypig.com/
April 29th, 2008 at 06:34 pm 1209490448
(though I don't consider a country "visited" if I spend less than 2 weeks there. I normally spend a month) Oh, the list of "still to visit" is still so long...
Are you trying to save more money for travel?
April 30th, 2008 at 01:38 pm 1209559084
I also have some cc debt that I will need to rid myself of as well.