Showing posts with label Success. Show all posts
Showing posts with label Success. Show all posts

Tuesday, April 14, 2015

Update on the 60-Week Challenge Part II

On January 3, 2015, I posted an update on my 60-week challenge savings goal. On that day I had by week 8 for the dollar challenge, $36 dollars saved. For the quarter challenge I had $9 dollars saved. Now I am a third of a way through my savings goal and to be honest, I didn't think I would make it this far. I wasn't sure if I would be held over at the store past the seasonal work shift. Plus there was a bit of uncertainty when it came to consistent work hours that I felt would scuttle my attempts to follow my plan. 

Luckily for me, things have worked out and I have been able to keep socking money away in the coffee cans. As you see below, at the 20-week mark, for the dollar challenge I have $210-dollars saved. In the quarter challenge can, I have $52.50 saved. 


From here on in it only gets harder. The amounts per week get higher. But I think that I can stay on course. I'll update on my progress at the halfway point: Week 30.

Until next time,
FH

Saturday, January 3, 2015

Update on the 60-Week Challenge

Happy New Year to you all. Just wanted to give you all a brief update my progress on the 60-Week challenge. As I described in my last post, I am adjusting the 52-week savings challenge for 60-weeks taking advantage of the seven weeks that I was working before the new year plus one week in advance. Why one week? I figure that there will be a week where I won't be able to put into the pot so I would be ahead of the game if I did hit that point.

So far I am 12.5% into the challenge. Now I am doing one challenge at intervals of a dollar and one challenge at an interval of a quarter. So far in week 8 for the dollar challenge, I am at $36 dollars saved. For the quarter challenge I have $9 dollars saved. Now I know the amounts don't seem like much, but the savings start slow and accumulate during the year. The big challenge for me is trying to stay on mark during the weeks where the amounts to be deposited go into the double digits. Hopefully my budgeting will free up enough money that I can continue with the challenge. I guess I'll worry about that when I get to it. For now, here is how the coffee cans look like:


For my next post, I look at ways that we can save money from the perspective as New Yorkers who work in the big city by looking at the amounts of money that we spend on breakfast and lunch. Also, let me know how you are doing with your money challenge. Any suggestions and ideas?

Until next time,
FH