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I physically save

September 18th, 2007 at 05:04 pm

Someone asked me if I just save money on paper for the $20 challenge, or physically put the money away.
Everytime I blog about the $20 challenge I have the money, bills or checks, sitting right next to me.
When I finish my blog, I immediately go and put the cash/checks into a money box I keep in this room.
Once or twice a month, I take that money to the bank and put it in my money market account to earn 5.25% interest. I keep track of the amount on paper.
Today is one of those days. Got to go and get the money in the bank before 2 pm. bye!!

Posted in $20 Challenge | 8 Comments »

8 Responses to “I physically save”

  1. db1974 Says:
    September 18th, 2007 at 05:58 pm 1190138324
    1190138324

    So for example, let's say DH wants to go out to eat and you insist on staying home instead. DH agrees. Do you take $20 (the amount you would have saved) out of your wallet or write yourself a check right then? So you're paying yourself to walk? Pardon the 20 questions, but I find it interesting...I've never thought in terms like these before.

  2. Stein Says:
    September 18th, 2007 at 06:04 pm 1190138659
    1190138659

    Cool, I wondered myself.

  3. Ima saver Says:
    September 18th, 2007 at 07:52 pm 1190145122
    1190145122

    Yes, I take the $20 out of my wallet. I usually operate in cash only. He and I both get an allowance plus I have so much budgeted for food, electric, etc. If I use a coupon, I save that much money to put into the challenge. It my electric bill is under $160 that month, I take the amount that I saved from my budgeted amount and add it to the challenge. I pay myself $1 for every mile I walk or every 20 flights of stairs. I pay myself $1 everytime I have a no gas used day.

    It really adds up!

  4. Joan.of.the.Arch Says:
    September 18th, 2007 at 11:40 pm 1190158821
    1190158821

    If you didn't pay yourself for these things, wouldn't you save it anyway? Or would you spend it?

    Say, Ima, how many steps are in your flight? I was wondering 'cause I didn't want to go walk in the heat today, so instead I stepped up and down my aerobic block while watching TV. I got to wondering how many floors up and down I climbed.

  5. joesbaby Says:
    September 19th, 2007 at 02:17 am 1190168272
    1190168272

    i for one am totally impressed. i wondered alot if you wre doing that. i want to try to do that, but i dont think i could. i make only about 13 hours a week at work, and at 7.75 an hour..its a major thing for me to just make ends meet. but i love to read your blog. keep up the good work.

  6. db1974 Says:
    September 19th, 2007 at 11:44 am 1190202259
    1190202259

    From where do you get the dollar to walk a mile? Is it from money that would normally be put in a savings account, like money that is not earmarked for a certain category of your budget? Or is it from money already budgeted for such an expense?

  7. Ima saver Says:
    September 19th, 2007 at 02:57 pm 1190213838
    1190213838

    I get the money from my allowance.

  8. Ima saver Says:
    September 19th, 2007 at 03:16 pm 1190214964
    1190214964

    Ok, a normal flight of stairs is 16 steps, 16 x 20 flights are 320 steps.

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