52 week money challenge

Discussion in 'Budget Board' started by Happiest mommy, Dec 31, 2017.

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  1. Happiest mommy

    Happiest mommy DIS Veteran

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    WOOHOO!!!!!!!!
     
  2. monica9

    monica9 DIS Veteran

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    great idea for the kids!
     
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  4. sandam1

    sandam1 Mouseketeer

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    I'm up to Week #28 and have a total of $1079 in the bank! Woo-hoo! Now that I'm passed the halfway mark, I'm going to continue adding $26 per week for the rest of the year (instead of continuing with the declining balance).

    Of course, over the next few weeks, I'm going to start to SPEND some of my savings with airline ticket fees (fares are being booked on points) and race registration fees coming up quick. I'm excited to start putting the trip pieces into place, but am a little sad to know that the stash that I built up over the past 6 months is going to disappear pretty fast.
     
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  5. Pumpkin1172

    Pumpkin1172 Mouseketeer

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    That is sooo great!!! Doesn't it feel good to have that much already.

    Great idea for adding that much each week! Your dates will come fast now. Before you know it, you will blink and summer will be over and we will be heading into fall.

    We now have the money for the dd destination wedding, plus we have also saved the dh wages for when we are away ( he's in the trades in in Canada their holiday pay is paid out each paycheck, but we usually end up having to use that money for living expenses :sad1:. We have had lots of huge changes over the past three months, and have been able to save plus pay down debt. So now we are saving for our excursions and extra spending money. After that, we will be saving for clothing for the wedding ( and ds graduation 2 weeks later ). Then my plan is to save for a graduation trip to universal for the ds graduation gift.
     
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  6. Princess_Nikki

    Princess_Nikki DIS Veteran

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    I see....so the idea is you are depositing money consistently EACH week. This is great.
     
  7. Princess_Nikki

    Princess_Nikki DIS Veteran

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    I like this plan too
     
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  8. virge

    virge Mouseketeer

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    Week 28 = $31
    $971 total
     
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  9. Happiest mommy

    Happiest mommy DIS Veteran

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    yes but a lot of us are doing it reverse starting with the larger amounts :)
     
  10. virge

    virge Mouseketeer

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    Week 29 = $30
    $1001 total
     
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  11. ashleyr409

    ashleyr409 Mouseketeer

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    Been super busy...
    Week 12 $49.00, Week 13 $51.00, Week 14 $7.00
    $406.00
     
  12. virge

    virge Mouseketeer

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    Week 30 = $29
    $1030 total
     
  13. Happiest mommy

    Happiest mommy DIS Veteran

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    Virge you are on fire!!!!! keep going :)
     
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  14. virge

    virge Mouseketeer

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    Thanks! This challenge has really motivated me to do a little extra saving. I loved the suggestions to do it randomly & backwards. Marking off low amounts at the beginning of the year when money was still tight from Christmas helped get me going. Once money wasn’t so tight, I started focusing on doing it backwards. Seeing the amount grow has kept me motivated. When I have crossed off everything down from $52-$26, I’m going to try what @sandam1 suggested and stick to $26 for the rest of the year. I imagine things will get tighter in November & December, but it’s worth trying!
     
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  15. Happiest mommy

    Happiest mommy DIS Veteran

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    I am hoping to do the same once I get to the $26 amount too, I am loving this challenge but haven't been able to do in over a week due to some unexpected house/car repairs :(
     
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  16. Happiest mommy

    Happiest mommy DIS Veteran

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    Week 9- $44
    $477 Total
     
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  17. sandam1

    sandam1 Mouseketeer

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    I have now (sadly) reached the point where my stash of challenge cash is going to start declining. Last Thursday, I registered for the Disney's marathon weekend (half marathon for me and 5K for my best friend and myself). I had a $200 gift card from my Disney credit card which covered part of it, but I still wound up buying another $200 (or $190 after my Redcard discount) in gift cards from Target. I know that's what the money was set aside for, but I liked watching the numbers go up and not down.
     
  18. virge

    virge Mouseketeer

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    Week 31 = $28
    $1058 total
     
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  19. Happiest mommy

    Happiest mommy DIS Veteran

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    week 10- $43

    $520 total
     
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  20. virge

    virge Mouseketeer

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    Week 32 = $27
    $1085 total
     
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  21. Happiest mommy

    Happiest mommy DIS Veteran

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    woohoo!! you are almost at the $26 week!
     
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