2007 $20 Challenge Information

[Broken Arrow]

Re: 2007 $20 Challenge Information

I believe it's the former.

[jeffrey]

Re: 2007 $20 Challenge Information

I'm confused...do I start with $20 put somewhere and try to increase it? Or try to save up $20?

Broken Arrow is correct. You start with $20 and then go from there...

[Ima saver]

Re: 2007 $20 Challenge Information

irjohnson, I never buy anything on sale unless it was on my grocery list. Plus, I don't count things like buying clothes or shoes on sale. I only count the things I really need, like food, medicine, things I use all the time. This week I need hair coloring and I have a $2 off coupon for my brand.

[nancy58]

Re: 2007 $20 Challenge Information

I'm DEFINATELY in!!! So excited about doing this!!!! I'll be starting my blog also. Thanks Jeffrey for starting this again!!

[lrjohnson]

Re: 2007 $20 Challenge Information

irjohnson, I never buy anything on sale unless it was on my grocery list. This week I need hair coloring and I have a $2 off coupon for my brand.

When it is for an item you already buy, same brand, I can see it as a savings. Most of what I have as club card savings wouldn't fall under that, though. I won't pay more than $2 a pound for cheddar. Sometimes at Safeway I can get it for $2 using the Club card. The receipt will tell me what I've saved geeting the buy one get one free, but I have saved nothing. And even when it is a savings, it's not all the receipt says. I spent a dime less on a 2liter bottle of club soda than I normally spend, but according to my recipet I saved a $1-as if I would ever pay that much for club soda!

I agree there are savings in club cards and coupons. I don't agree that the true savings is reflected on the "You saved..." section of the receipt.

[Ima saver]

Re: 2007 $20 Challenge Information

I agee with you. I only count savings on the few purchases I always make. I only spend about $30 a week on groceries and usually buy the same things every week. I try to shop certain stores that give a wednesday discount and I count that too.

[Aleta]

Re: 2007 $20 Challenge Information

I totally agree with you lrjohson. A buy 1 get one free can be a little deceiving because you have to pay the regular price for the one and I have seen the price higher on just the one. It's hard to see what you would calculate. I would say that if you didn't substract the coupon money out before to save it - that would be a new way with the challenge. Money sitting in drawers, pockets, etc doesn't earn anything.

My first $20 came from going around the house and finding money I had put to the side. I also had coupon money. I also collect pennies and roll them. It is making me more aware to what I'm doing with my money and how much I lose to complacency.

[kristinecfp]

Re: 2007 $20 Challenge Information

I've been wanting to join the $20 challenge for a while now. This thread has given me a better understanding of the challenge and the motivation to get started. Can't wait to see what happens!

[PRICEPLUS]

Re: 2007 $20 Challenge Information

Well here is to a successful year for everyone. I jusst added $1.87 in change I found under my Lazy Boy! Into the 20 dollar challenge it goes!

[vsjhoc]

Re: 2007 $20 Challenge Information

I'm going to pass on doing the Challenge, but I've got one idea to share. Please excuse me if someone already came up with this one.

When you fill up your car with gas, let it stop automatically (you're not supposed to top it off anymore, which I totally don't understand but it has something to do with Al Gore ). Round off the amount of your bill to the next highest dollar and put that money in your savings. Kind of like the "keep the change" account at everyone's favorite bank.

Good luck to all!

[Aleta]

Re: 2007 $20 Challenge Information

Oh, you're too funny! I have laughed so much today on many of the comments. It must mean that it's THank God It's Friday day. Could have something to do with it. Al Gore, that's just too funny!

[Duchesse]

Re: 2007 $20 Challenge Information

I'm in and I just stopped smoking. I'll have beaucoup cash at the end of the year! Lord give I strength.

[Ima saver]

Re: 2007 $20 Challenge Information

Wow, that is a great way to save money. Take the money you would have spent everyday and put it in your challenge money.

[AutumnxButterfly]

Re: 2007 $20 Challenge Information

I am in too I don't really have an extra $20 right now so I may have to work around that. LOL We sold a crib today that we were not using for $75. I guess I can start there I am going to put all the extra money I make and save into a savings account.

[sparkysgirl]

Re: 2007 $20 Challenge Information

I started my blog. I used my first 20 on ebay items and a paying mystery shop