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Starting the $20 challenge

January 1st, 2016 at 11:38 am

Every year I do the $20 challenge. It was started on this site about 8 or 9 years ago, I think.
Basically, you start with $20 and you add it it any way you want to.
I always add my Ingles advantage card savings at the grocerystore, the rebates that I get at our local building supply, all my credit card rebates, dividend checks, interest earned, my s/s since I have never spent a penny, garage sales and any other extra money that comes my way. I don't work any longer, so this is my way of contributing to the household income.

I ended the 2015 challenge with $21,315.00. My goal was to hit $20,000 for the year and I did.

I am ready to start the new $20 challenge with the interest that was credited to my four savings accounts today. They pay about 1% interest.

Mysavings direct 2 accounts $83
GE savings bank 13
Barclay bank 7

$20 challenge total $103.00

13 Responses to “Starting the $20 challenge”

  1. Amber Says:

    Way to go Ima, you are such an inspiration. Happy New Year 🎉🍾

  2. Ima saver Says:

    Thanks, Amber!

  3. rob62521 Says:

    Ima, you are someone to admire! Thanks for all your good ideas!

  4. Carol Says:

    Thanks for explaining the $20 challenge.I've been wondering.

  5. Jenn Says:

    I have the same comment as Carol. I've seen references to it over the years, but never knew what the challenge was.

  6. Househopeful Says:

    Great start to 2016!

  7. Chatterbox Says:

    Hi there, I'm a newbie. I like the sound of this challenge, although ive already set myself a number of challenges this year, this is something I could also consider too.

  8. FrugalTexan75 Says:

    Good job!

  9. Chatterbox Says:

    I have started a $20 challenge.. i now have about 4 money challenges going for the year, along with a general no spend and mostly no new clothing.. wow a big year coming up! lol

  10. Hill Says:

    Great job. I am doing the $20 challenge to

  11. pjmama Says:

    Fantastic job! I'm sure you'll do fantastically this year as well Smile

  12. Ima saver Says:

    Chatterbox! Good luck in all your challenges!! I love to set a lot of goals and see how many I can complete!

  13. Chatterbox Says:

    Thanks Ima. I really have set my bar high this year.. but im excited to make it work..the hardest thing is to convince your kids to do things with you but i will find a way to get around that lol

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