Re: Stop Saving Your Money!
When we were coming out of debt, we were advised to just save something, even if it was only $5. a month. There's a certain amount of psychology to getting yourself setup to save even if its a small amount. We were also told to allocate a small percentage for entertainment. Entertainment could be a video rental, Starbucks, whatever you think is entertainment. There are free concerts in Malls and parks. But, I do still believe that you should put the vast majority of your money towards debt. One other person said to start with 1% of your gross earnings for savings and work up there.
That is why I think the $20 challenge is so great. If you're doing all of the other things with your regular income, you could save up for your emergency fund with the challenge.
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