Saving Advice Forums  

Go Back   Saving Advice Forums > Financial Chit Chat > 52 Week Savings Challenge

52 Week Savings Challenge Need to save $1000+? This challenge will help you do that.

Like Tree2Likes

Reply
 
LinkBack Thread Tools
  #21 (permalink)  
Old 09-25-2016, 12:59 PM
frugal saver's Avatar
$ Saving HS Freshman
 
Join Date: Dec 2006
Location: California
Forum Posts: 146
Default

Week 4 for September, $20 deposited.
Reply With Quote
  #22 (permalink)  
Old 10-05-2016, 10:15 AM
james.hendrickson's Avatar
Administrator
 
Join Date: Nov 2015
Forum Posts: 763
Default

Great job! Whats your total so far?
__________________
[email protected]
202.468.6043
Reply With Quote
  #23 (permalink)  
Old 12-02-2016, 10:06 AM
frugal saver's Avatar
$ Saving HS Freshman
 
Join Date: Dec 2006
Location: California
Forum Posts: 146
Default

I haven't been keeping up with posting here, but I have been plugging away at adding to my accounts.

As of this morning, of the 4 accounts I've been working on since I started this (July?) I'm at:

Account 1: still need to deposit $430
Account 2: still need to deposit $718
Account 3: still need to deposit $780
Account 4: DONE

I obviously won't complete the other three by the end of the year--but will add a chunk mid-month--but I'm still very happy with this.

I'm going to start new sheets for next year and see what new heights I can reach.
james.hendrickson likes this.
Reply With Quote
  #24 (permalink)  
Old 12-03-2016, 08:27 AM
$ Saving HS Senior
 
Join Date: Feb 2014
Forum Posts: 265
Default

Good work. Keep it up frugal saver!
Reply With Quote
  #25 (permalink)  
Old 12-28-2016, 01:12 PM
frugal saver's Avatar
$ Saving HS Freshman
 
Join Date: Dec 2006
Location: California
Forum Posts: 146
Default

Thanks, Steve

For next year, I'm considering the following changes:

1. All four accounts earn 1.00%. I have a money market account that earns 3.00% (up to $2,000, then 2.00% for the amount from $2,001 to $5,000). I need to get the money market account up to the max of $5,000, so either replace one of the savings, or do 5 accounts next year.

2. Sweep most of the money in all four accounts to an 84-month 3.01% CD at Andrews FCU and start over with the same challenge.

3. Or leave everything the same and wait to see if interest rates rise any further.

Either way, I'm in again for next year.
Reply With Quote
  #26 (permalink)  
Old 01-04-2017, 01:30 PM
frugal saver's Avatar
$ Saving HS Freshman
 
Join Date: Dec 2006
Location: California
Forum Posts: 146
Default

In keeping with my theme of setting impossible goals (which I probably won't make, but I'll do better than the regular goal)--I've set up a Super Challenge for 2017.

I took several of the PDF forms, cut them up, and reassembled a 36-week Triple Challenge because I have a clear goal of getting $9000 into my money market account as fast as possible. This is my best account (3% interest on the first $2000, 2% interest on $2001-$5000, 1% interest on $5001 to $10,000). After $10,000 the interest is only .50%, so I'm leaving it at $9000.

Oh, and I also set up 52-week challenges for my other 4 savings accounts--all currently paying 1.00 to 1.05%.

I'm gonna need to get a job.
Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are Off



All times are GMT -7. The time now is 10:19 PM.


Powered by vBulletin®
Copyright ©2000 - 2017, Jelsoft Enterprises Ltd.
SEO by vBSEO 3.6.0 PL2 ©2011, Crawlability, Inc.