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$20 challenge

March 28th, 2010 at 12:52 pm

Someone asked me about the $20 challenge, so I will explain the best I can.
About 4 years ago, savingadvice started a $20 challenge.
You start out with $20 and see how you can add to that. You do it anyway that you want. Some use the $20 to buy materials to make things to sell.
I save money by using coupons and my store cards. At the end of the receipt, it tells you how much you have saved that shopping trip.
I take that actual cash and put it into a cash box.

Some people sell on e bay, others have garage sales and add the money.
I save all my change and turn it in once a month. I save all unexpected checks, rebates, chase reward money, stock dividend checks, odd job checks, survey checks, etc.
I also put away a dollar when the stock market goes up; I save all $5 bills I get in change.
Any unexpected money that comes in, other than my husband's paycheck, gets added to the $20 challenge.

When I started getting social security I added that to my $20 challege cause it was money I was not use to receiving. I have never spent a penny of that money yet.


I also pay myself $2 every day that I do not use any gasoline.

We went out for a very nice dinner with the customer that we are building a house for. We both had chicken marsala which is one of my favorite dishes.

I had a no use gas day yesterday and have a 5 dollar bill from change, so $7 will go to the challenge today.
Prev. total $5204.00
today 7.00
new total $5211.00

2 Responses to “$20 challenge”

  1. gamecock43 Says:

    did you start your challenge over? I thought you were up to like, a hundred thousand dollars!

  2. Ima saver Says:

    I start the challenge over, every Jan 1st! I have pretty much saved over $20,000 each year that I have done the challenge.

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