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$20 Challenge

December 25th, 2006 at 05:55 pm

Hello. I am starting a New Year's Resolution.

I am beginning a resolution to save an extra $20 per month and pay it towards my credit card. This extra money will come from pocket change I will toss in my piggy each night when I come home from work, rebates, refunds, and unexpected money. We are also going to cancel my cell phone, since I don't use it very much.

I have been maintaining a payment of $50 per month without fail no matter what the balance is. From now on, I will continue to make that $50 regular payment, but also pay a separate $20 payment.

My current challenge balance with all the pocket change I have is $7.59. I know it's the 25th of December and I may not make $20 by the 31st, I am going to try to accumulate as much as possible. I will report my progress here on the 1st of each month.

2 Responses to “$20 Challenge”

  1. Aleta Says:

    I think that is a great idea. LIke you I decided not to wait until the beginning of the year. I started in November with my 1st $20. I did it by going through the house and checking my drawers, piggy banks, pockets, and everywhere for loose change and dollars. I also used manufacturers's coupons and subtracted the money once I got home. It will add up after a while. Pennies add up to. I would roll them and take them to the bank. I'm sure you have $20 without even knowing it.

    One time, I even sold some aluminum for extra money or if you are in a state that has bottle return. Those large 5 gallon water jugs are about $5. for a deposit. Some people just throw them away.

  2. baselle Says:

    Congrats. You'll find, to your great surprise, that it is easier to do that than you think.

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