Disney Information Station Logo

Go Back   The DIS Discussion Forums - DISboards.com > Just for Fun > Community Board
Find Hotel Specials & DIScounts
 
facebooktwitterpinterestgoogle plusyoutubeDIS Updates
Register Chat FAQ Tickers Search Today's Posts Mark Forums Read


Reply
 
Thread Tools Rate Thread Display Modes
Old 01-04-2013, 01:29 AM   #1
HippieChickadee
Mouseketeer
 
HippieChickadee's Avatar
 
Join Date: Oct 2012
Posts: 386

52 Week Savings Challenge

You may have seen this going around social media today, but this is as social media as I get so I wanted to share and see who wants to try it?

HippieChickadee is offline   Reply With Quote
Old 01-04-2013, 01:41 AM   #2
wdwmom0f3
Disney Dreamer
I just spent 30 minutes on youtube watching people clean their ears out
 
wdwmom0f3's Avatar
 
Join Date: Aug 2008
Location: Alabama
Posts: 7,974

Looks easy! I'm in! Thanks for sharing!!
__________________
Carla DH DD 21 DD 16 DS 13
wdwmom0f3 is offline   Reply With Quote
|
The DIS
Register to remove

Join Date: 1997
Location: Orlando, FL
Posts: 1,000,000
Old 01-04-2013, 01:58 AM   #3
DVCLiz
That's me - proud defender of the Mega roll
click here to use the trolldar
We saw "I pooted" and thought it was a "New York" thing!
 
DVCLiz's Avatar
 
Join Date: Sep 2004
Location: North Carolina
Posts: 10,726

I saw this on FaceBook today and I thought it would be even better if people started with the higher amount first. It's easier to save $52 the first week of the year when you are highly motivated to do a savings program. Then each week the amount you need to save goes down by a dollar - by the time you are kind of sick of the idea it's 38 bucks a week, then 37, then 36, etc. It seems it would be easier to keep it going for a whole year if you reversed the process.

Also, if you put it in any kind of interest bearing account the amount would grow a little bit more because the interest was being accrued on a larger amount from the beginning.
DVCLiz is offline   Reply With Quote
Old 01-04-2013, 05:59 AM   #4
vacationer1954
DIS Veteran
 
Join Date: Jun 2010
Posts: 693

It is sad that if you put money in an interest bearing account you're probably losing money in real terms, because inflation is higher than the interest rates on savings in most savings accounts now. You may be able to do more for your savings by looking at where you put your savings rather than adding to it. There are places that pay 0.1%, places that pay 0.4%, places that pay 0.9%, and even some places that pay 4% up to a certain amount of money. But I agree with DVCLiz that these kind of challenges don't work as much as we want them to. I think it is because it doesn't force you to decide where the extra money you're going to save comes from. I think it would be better to think about what you're spending money on regularly, pick out a few things that you can live without each week, and then give yourself points for each time you do without one of those things for a week.
vacationer1954 is offline   Reply With Quote
Old 01-04-2013, 07:13 AM   #5
eliza61

We're Americans, we're survivors
 
eliza61's Avatar
 
Join Date: Jun 2003
Location: Philadelphia PA
Posts: 18,955

Quote:
Originally Posted by vacationer1954 View Post
. There are places that pay 0.1%, places that pay 0.4%, places that pay 0.9%, and even some places that pay 4% up to a certain amount of money. But I agree with DVCLiz that these kind of challenges don't work as much as we want them to. I think it is because it doesn't force you to decide where the extra money you're going to save comes from. I think it would be better to think about what you're spending money on regularly, pick out a few things that you can live without each week, and then give yourself points for each time you do without one of those things for a week.
Oh I disagree a bit (depending on how long you last).

First if you look at the sad statistic (and I know it's hard to get a true grip on statistics) but overall many Americans cannot get their hands on 1000 bucks cash. Many americans have less than 1 months living expenses in the bank and according to the NYT 75% of us nearing retirement age have less than 40K in their retirement savings. Where to put our money is not the problem.

Also if we look at human nature, we don't do well when we are told to "restrict" some thing. That's why diets that force people to stop eating some thing althogether don't work well. Usually if people have to give some thing up it's going to be some thing they like to do. Let's say you tell folks to give up that morning starbucks and pocket the 5 bucks. generally by week 10 they drop it, can't stick with it BUT if you tell folks to switch from starbucks latte to say dunkin donughts or wawa (1/2) the price and pocket the difference they last much longer.

So even if they stick this money in a cookie jar at the end of the year if they can stick with it, they'll have 1000 bucks. I know it works well in my family because this is how my kids use to save up for their disney spending money.
Every day they'd drop 2 bucks in an empty water jug (and loose change) usually by trip time they have a few hundred bucks saved.
__________________
"He who dies with the most toys is still dead"
eliza61 is offline   Reply With Quote
Old 01-04-2013, 07:23 AM   #6
njcarita
BL II - Red Team
If a cow laughed, would milk come out her nose?
the name DANNY TERRIO pooped into my head
I swear I am full of useless information...
 
njcarita's Avatar
 
Join Date: Jul 2003
Posts: 2,053

Quote:
Originally Posted by DVCLiz View Post
I saw this on FaceBook today and I thought it would be even better if people started with the higher amount first. It's easier to save $52 the first week of the year when you are highly motivated to do a savings program. Then each week the amount you need to save goes down by a dollar - by the time you are kind of sick of the idea it's 38 bucks a week, then 37, then 36, etc. It seems it would be easier to keep it going for a whole year if you reversed the process.

Also, if you put it in any kind of interest bearing account the amount would grow a little bit more because the interest was being accrued on a larger amount from the beginning.
ooh i like the reverse idea
__________________
POR 10/10, P0P 11/08 ,POP /Bahama Bay Resort 12/06-1/07, all star movies 11/05 , pop 12/04 , cbr 2/04 ,dolphin 4/03, all star music 11/02 & 9/98, off site on honeymoon 7/88

before 1988 didn't keep track- must have been over 20 times to disney- went every year with family

Here we go again!!!!
starting weight
Jan 1 2013 194.8lbs Height 5'9" BMI 28.8

Jan 1 2014 187.4 BMI 27.7Goal 150[/COLOR][/FONT]
njcarita is offline   Reply With Quote
Old 01-04-2013, 07:29 AM   #7
jenshell75
Mouseketeer
 
jenshell75's Avatar
 
Join Date: Jan 2010
Location: Sydney Australia
Posts: 194

Love it - thanks for sharing. We are heading to Hong Kong Disneyland on the 20th December 2013 and an extra $1378 will be fantastic. I am going to do it in reverse as well
__________________





Me 37 DH 34 DD 7 DS 5
jenshell75 is offline   Reply With Quote
Old 01-04-2013, 09:32 AM   #8
mickeysgal
Orange you glad I like Knock Knock jokes?
"I am Mrs. Nesbitt" - Buzz Lightyear
 
Join Date: Feb 2001
Posts: 6,661

Quote:
Originally Posted by jenshell75 View Post
Love it - thanks for sharing. We are heading to Hong Kong Disneyland on the 20th December 2013 and an extra $1378 will be fantastic. I am going to do it in reverse as well
I'm officially jealous. Wow. It's on my bucket list.
mickeysgal is offline   Reply With Quote
Old 01-04-2013, 07:35 AM   #9
mrodgers
DIS Veteran
 
Join Date: Oct 2009
Posts: 2,434

Wish I could do that. My wife's paycheck more often than not, doesn't cover the expenses for her pay week. Perhaps I could do a modified of both ideas of starting with $1 and starting at $52. I can start at $52 of my first pay and $1 of her first pay and increment the paychecks alternately up and down.
mrodgers is offline   Reply With Quote
Old 01-04-2013, 07:47 AM   #10
Gumbo4x4
Note to the ladies who forgot to check - we don't mind. Signed, "The guys"
 
Join Date: Jan 2012
Location: Missouri, USA
Posts: 14,105

Hmmm, if you were to double the amounts on the chart, you'd have enough for a budget Disney trip at the end

I also like the reverse idea
__________________
Gumbo4x4 is offline   Reply With Quote
Old 01-05-2013, 06:29 PM   #11
carrie1626
DIS Veteran
 
carrie1626's Avatar
 
Join Date: Jan 2001
Location: WI
Posts: 2,436

Quote:
Originally Posted by DVCLiz View Post
I saw this on FaceBook today and I thought it would be even better if people started with the higher amount first. It's easier to save $52 the first week of the year when you are highly motivated to do a savings program. Then each week the amount you need to save goes down by a dollar - by the time you are kind of sick of the idea it's 38 bucks a week, then 37, then 36, etc. It seems it would be easier to keep it going for a whole year if you reversed the process.

Also, if you put it in any kind of interest bearing account the amount would grow a little bit more because the interest was being accrued on a larger amount from the beginning.
You are very very intuitive. THANK YOU!!
That is exactly what I am going to do!!!
__________________
I wish I were at WDW everyday
2000 NOV Polynesian 2001 OCT AS Music 2002 AUG Grosvenor DD 2003 AUG DoubleTree DD 2004 NOV Port Orleans French Quarter 2006 NOV POP Century 2010 AUG Animal KingdomLodge 2011 NOV Animal Kingdom Lodge 2012 NOV HGVC Internat'l Dr 25th Anniversary trip 2013 DEC Pop/CBR next trip not soon enough
carrie1626 is offline   Reply With Quote
Old 01-05-2013, 08:11 PM   #12
House_of_Mouse Fan
Mouseketeer
 
House_of_Mouse Fan's Avatar
 
Join Date: May 2009
Location: Ontario, Canada
Posts: 196

Quote:
Originally Posted by DVCLiz View Post
I saw this on FaceBook today and I thought it would be even better if people started with the higher amount first. It's easier to save $52 the first week of the year when you are highly motivated to do a savings program. Then each week the amount you need to save goes down by a dollar - by the time you are kind of sick of the idea it's 38 bucks a week, then 37, then 36, etc. It seems it would be easier to keep it going for a whole year if you reversed the process.

Also, if you put it in any kind of interest bearing account the amount would grow a little bit more because the interest was being accrued on a larger amount from the beginning.
Thanks for sharing! I like the reverse idea, too. Count me in!
__________________
Me DD (20)




August 2008 - All-Star Movies; August 2009 - Polynesian, March 2010 - BCV; August 2010 - Polynesian & VWL; December 2010 - BWV; March 2011 - VWL; August 2011 - BCV and Disney Cruise; August 2012 - Paradise Pier, Disneyland; August 2013 - BLT, VWL & Disney Cruise; July 2014 - VWL & Grand Floridian; August 2014 - Disney Cruise to the Mediterranean; July 2015 - VWL & Disney Cruise
House_of_Mouse Fan is offline   Reply With Quote
Old 01-04-2013, 11:13 AM   #13
LisaR
 
Join Date: Sep 2000
Posts: 8,935

Thanks for posting. I showed it to my 17 y/o and she would like to give it a try. I think this is the perfect thing for someone her age who tries to save but isn't always successful. She is going to do it in reverse since she has tons of Christmas money. Unfortunately, her work hours were cut back so we will see how far she gets.
LisaR is offline   Reply With Quote
Old 01-04-2013, 07:53 PM   #14
Goof-abulous
Mouseketeer
 
Goof-abulous's Avatar
 
Join Date: May 2004
Location: Massachusetts
Posts: 83

I absolutely love this idea. I like the thought of one of the posters who said if there wasn't enough money to cross off a different day then when you have the extra put back to the day you substituted. 😄
__________________
Disney Magic at Work!!!

Goof-abulous is offline   Reply With Quote
Old 01-05-2013, 09:43 AM   #15
Becky2005
I actually thought they made Leg Warmers to keep your legs WARM
 
Becky2005's Avatar
 
Join Date: Nov 2004
Location: Chicagoland, Illinois
Posts: 5,773

Quote:
Originally Posted by Goof-abulous View Post
I absolutely love this idea. I like the thought of one of the posters who said if there wasn't enough money to cross off a different day then when you have the extra put back to the day you substituted. ��
That's a good idea too!! I work retail and there are some weeks I can take shifts/get really good $$$ but other weeks where even though I'm scheduled, they call and tell me they are cutting hours so I may be lucky to work 10 hours that week (which is what is going to happen right now until spring time -- it is our very slow time).
__________________
Becky Our Family's First Trip 7/11-7/18, 2005
"The DIS makes my family seem normal" -thanks wvjules
-DD - DS16 -DS13 -DS10

Becky2005 is offline   Reply With Quote
Reply



Thread Tools
Display Modes Rate This Thread
Rate This Thread:

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump

facebooktwitterpinterestgoogle plusyoutubeDIS Updates
GET OUR DIS UPDATES DELIVERED BY EMAIL



All times are GMT -5. The time now is 03:26 AM.

Powered by vBulletin® Version 3.8.4
Copyright ©2000 - 2014, Jelsoft Enterprises Ltd.

Copyright © 1997-2014, Werner Technologies, LLC. All Rights Reserved.

You Rated this Thread: