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Fifth Element's 52-week Savings Challenge

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    Fifth Element's 52-week Savings Challenge

    I have two savings accounts: one is linked to my everyday banking, the other is completely separate at CapitalOne. I don't have a card to access this account, so the only way to get the money out is to do a transfer or to withdraw at a branch.

    The CapitalOne has $10, and the other is at $0. But I set up two transfers of $100 to go into both accounts this Friday, so that will be my starting point.

    The Tuesday or Wednesday before payday, I will transfer a percentage (50-80%) of what is left over from my last check between both accounts. Then on payday, I'll send 20% of my paycheck to both accounts.

    I am really hoping I can stay dedicated to this using the 50/30/20 budget. I do forsee some surprises, since Winter hasn't exactly arrived yet, and my car is not ready

    #2
    Welcome to the challenge! It looks like you've got a great plan in place. My car gave me some costly surprises in 2014, but just stick with your goal and you'll make it.

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      #3
      Having a goal is a great first step!

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        #4
        Hope you stay dedicated. I need the help too! Good luck!
        30 Tips for WAH JOBS

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