Update: 52-Week Savings Challenge
So the hubs and I decided to take the 52-Week Savings Challenge Tiffany blogged about here. I really like the idea of having some extra money around the holidays this year, since December 2016 felt like such a budget blowout.
So far, I have to report it has been extremely easy, since we’ve only had to save a grand total of $6 (lol).
But I know it will get increasingly harder, so I decided to get a head start and put money in the jar from furniture I sold on Facebook Marketplace. I’m proud to say we are up to $45 (plus some random change since this used to be our change jar).
Some things we plan to do:
If there’s anything we learned from Financial Peace U, it’s that.
Keep it in cash.
I know if I deposit it, it’s not going to go well. It’s just way too easy to move money from my savings to checking account when my balance gets low.
Set due dates.
I revised Tiffany’s chart to have actual dates on it so I know when I need to have what amount. She left this part open because really, you can start this challenge at any time, but I really do like the idea of ending it around Christmas shopping season. (And knowing that with $45, I’m caught up until March 4 already!!! WOOT!)