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3/4 Through The Challenges

October 8th, 2015 at 02:24 pm

It's October 9th but I haven't updated my sidebar since the last week of September so thought I will mark my progress at being 3/4 of the way through both challenges.

52 week challenge total saved so far = $3,805.48
Banking the Difference challenge saved so far = $3,168.54

Total savings as at 30 September = $6,974.02

The banking the difference challenge has changed totally since moving my credit card over to the 0% credit card and putting myself on a 14 month repayment plan to get it paid off by the date it comes off 0% - I now find that we can afford to pay the $303 payment, 52 week challenge savings and the $183 mortgage saving and that's as far as it goes to be able to live kind of comfortably.

It works out to be about 15% of my pay which I think is reasonable. It's funny how things change in such a short time!

6 Responses to “3/4 Through The Challenges ”

  1. snafu Says:

    It was my experience that when I paid attention to where the dollars went, there seemed to be enough money for everything planned. When we failed to assign jobs for the money, it just vanished and couldn't be accounted at the end of the month. I wish they taught money management skills in high schools, I think the whole economy would be in better shape.

  2. VS_ozgirl Says:

    They should give money management classes at school with the same importance as home economics, they're both fundamental items everyone should know. Awareness has certainly helped with saving money this year eg knowing what I want to have saved, repaid, and then adjusting spending categories accordingly if needed, and of course knowing how to adjust the spending categories.

  3. Ima saver Says:

    You are doing a great job! Keep up the good work!!!

  4. VS_ozgirl Says:

    Thanks ima saver!!

  5. FrugalTexan75 Says:

    I agree VS - schools really should have money management classes!

  6. rob62521 Says:

    Good job!

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