I've wanted to participate in the $20 Challenge for a while, but was at a loss as how to structure it. I see that my SA blogmates have many different ways of doing their challenge. This is what makes it fun. I didn’t want my savings to be “hypothetical.” In my case, I want it represent actual realized savings that are not part of the regular monthly savings that I incorporate in my budget. So here is what I decided:
No drive day = $4 (from my $150 monthly gas budget)
No spend day = $3 (from my “$100 monthly allowance”)
Drive the Prius to work (20 mi. RT) = $2.13 per day @ $4.25 per gallon
Rebates
1099 Income (if I work PT after I retire)
Under budget in any category
My goal by December 31, 2008: $2,500.
Here is what I have so far:
$20 to start
$10.65 - drove Prius to work 5 days last week
$6 – 2 “no-spend days”
$5 – rebate check received yesterday
Total: $41.65
Well, I have a long road ahead of me but I am hopeful.
I Figured Out My $20 Challenge
June 7th, 2008 at 05:21 pm
June 7th, 2008 at 06:00 pm 1212858036
June 7th, 2008 at 06:40 pm 1212860454
June 8th, 2008 at 12:06 am 1212880003