SavingSteve's 52 Week Challenge Thread

[deedee421]

Way to go Steve. You're moving right along.

[SavingSteve]

Thanks for the encouragement deedee!

For week 9 I saved $23

Next week I will do a higher number.

[deedee421]

Great job!

[ginene]

Way to go Steve!! I'm glad to see you're doing so well.

[btjones]

I just read through this whole thread and I'm amazed at your progress, it is awesome to see someone be so dedicated to saving for over two years and not lose interest and blow it all. Way to go Steve, keep pushing forward!

[SavingSteve]

It's week 10 and I saved $47

Thanks for your encouragement everyone it really helps keep me going!

While I am happy about my new saving habit I am having trouble finding money for all my different savings accounts and goals. I think Im going to have to prioritize them unfortunately and cut something so Im not spreading myself to thin.

1. Pay off credit card $5995 remaining. paying $250 each week plus interest.
2. Household Emergency Fund (52 week challenge)
3. Rental Property Emergency Fund $40 weekly (If my tenant moves out I need at least 2 months in there)
4. Travel Fund $60 weekly (Need to visit family overseas)
5. Holiday Fund $25 weekly (Holiday/Birthday gifts for family)
6. Car Fund $100 weekly (saving up to buy next car)

What do you guys thing about my temporarily putting #6 car savings fund on hold? I want to have a car fund but Im thinking if I finish #1 CC balance and #3 rental property E. fund first that will free up the money I need to be more aggressive with my car fund.

I remember Ramsey said to focus on ONE thing at a time so you don't spread yourself too thin, but all of these things are important. I am really broke after all of these different deposits are made. We are talking PB&J here.

Any feedback would be greatly appreciated!

[SavingSteve]

Today for week 11 I saved $46

[surijohn92]

Hi,
I really liked this challenged. All the best to all of you who have started. I am thinking of starting it now..hope its not too late.
anyway if I start now I'll have to improvise and come up something so that it matches up :P

[deedee421]

It's week 10 and I saved $47

Thanks for your encouragement everyone it really helps keep me going!

While I am happy about my new saving habit I am having trouble finding money for all my different savings accounts and goals. I think Im going to have to prioritize them unfortunately and cut something so Im not spreading myself to thin.

1. Pay off credit card $5995 remaining. paying $250 each week plus interest.
2. Household Emergency Fund (52 week challenge)
3. Rental Property Emergency Fund $40 weekly (If my tenant moves out I need at least 2 months in there)
4. Travel Fund $60 weekly (Need to visit family overseas)
5. Holiday Fund $25 weekly (Holiday/Birthday gifts for family)
6. Car Fund $100 weekly (saving up to buy next car)

What do you guys thing about my temporarily putting #6 car savings fund on hold? I want to have a car fund but Im thinking if I finish #1 CC balance and #3 rental property E. fund first that will free up the money I need to be more aggressive with my car fund.

I remember Ramsey said to focus on ONE thing at a time so you don't spread yourself too thin, but all of these things are important. I am really broke after all of these different deposits are made. We are talking PB&J here.

Any feedback would be greatly appreciated!

I think that's a great idea Steve, and like you said you can ramp up your car fund when you complete the other 2 goals. PB&J is one of my staples LOL, but I know what you mean. Either way, you're doing a fantastic job and will be credit card debt free in no time!

[SavingSteve]

Thanks deedee! that's what I'll do then.

Today I saved $45 for week 12 of the challenge.

[LittleMissSplendid]

Woohoo!

[SavingSteve]

Well today it's week 13 and I saved $44.

I like how this slowly gets easier each week.

[SavingSteve]

Today I saved $22 for week 14 of the challenge. It was a low overtime week but next week should be better.

[deedee421]

You're doing great Steve!

[SavingSteve]

It's week 15 and I've got to pay taxes.
This is a good time for the $1 week.

Today I saved $1 for week 15 of the challenge.