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$20 challenge

December 5th, 2010 at 08:41 pm

Petunia asked me about the $20 challenge.

I have been doing this for four years.
You start with $20 and think of ways to add to this money. It can be anyway you want.

You can sell things on e bay, have garage sales, save up all your change, save $1 bills. I add on anything I save when using coupons or grocery store credit cards. I add any unexpected checks, my s.s. check which I have never cashed. I have made a few personal loans to friends and I add the interest I make on that. I get cash rewards back from my credit card and I sometimes get rebates from a home improvement store.
Actually, Petunia, it can be any thing you want it to be. I track the savings on paper and add it to my savings account once or twice a month.

Today was too cold to do anything but take a ride in a warm car. We went to find the Park Model home that our friends purchased this week. We did find the Park Model park but were not sure which home was theirs. It is a pretty neat little park.

5 Responses to “$20 challenge”

  1. scottish girl Says:
    1291583352

    i remember i tried this when i first joined, although i didn't do that well

  2. Petunia 100 Says:
    1291583997

    Thanks, Ima!

  3. Ladya70 Says:
    1291592530

    Do you just transfer the money from one account to a seperate savings or what?

  4. Frugaltexan75 Says:
    1291600274

    You don't cash your SS checks??

  5. Ima saver Says:
    1291653927

    No, I don't transfer the money, I just track in on paper. I have never cashed a social security check or spent a penny of the big $486 I receive every month. It is direct deposited by Uncle Sam and then I transfer it into my savings account.

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