This is the kind of “keep it real” financial thinking for us common, regular, normal people that I like: the Dollar Challenge.
Based on the idea that you won’t miss that one dollar here or there, set yourself the goal to save every single one of them.
Some people expand the challenge and go for $5′s or toss in an occasional $10 or $20.
Starting in January, Smart Spending message board reader “Pepperdoo” vowed to save all her singles. Thus far, her “Dollar Bill Challenge” has netted her $615. [...]
“Shadow2103″ has almost $800, even after buying her daughter’s college textbooks [...]
“Yoopergramma,” age 67, is $161 closer to a trip [...]
“Always..proud” saved $202 [...]
“Cpstl” is up to $542, and plans to give the money to a nonprofit choral group.
Even people relying on credit and debit cards benefit from the challenge.
One plastic-using reader didn’t think the challenge was a good fit — but after just one month, “moehenry” has $30 in hand. “For someone who uses their debit/credit card for everything, I am shocked at the amount of money that crosses my palms,” the reader says. “I can’t wait to see how much I have at the end of September.”
This challenge fits extremely well with the Perfect Change method; this way you’ll always get round numbers back!
Comment