Category Archives: 2013

Money Challenge for 2013 – Week #3 – Have you started??

Total Saved to date: $6
Balance in ING Savings Account: $6

Last week I talked about saving money and using a system where you save one more dollar each week for an entire year. An interesting idea that requires you to save no more than $52 in one week. That seems manageable, doesn’t it?? That post started a discussion about the merits of the system and what method would be best to use to be successful.

Can you save $1 more each week for a year?

Can you save $1 more each week for a year? (souce: unknown)

Did you get started this week? It’s not too late. If you use the conventional method that is outlined in the challenge, you are still less than $10 to catch up. Remember that ING offers a great savings account that is easy to use to save for something like this.  It integrates with your existing bank account seamlessly.  If you open a new account with them (it will take $100 to get it open, but that could be Week #52 & #51 almost taken care of ) and use the “refer a friend” option, we can goth get a $25 bonus.  That’s one more week taken care of (Week #25), for both of us!!  Just use my Orange Key – 15735432S1.

Let me know how your efforts are going and please follow along on Twitter using the hashtag – #Saver13.  Tell me about what you’re saving for.  Tell how easy or difficult you’ve found this so far.

Next week, I am going to talk about the different methods people are using for this inititative and how they may or may not work.  I have had a lot of interesting feedback since this conversation started!!  Maybe we should all plan a group trip to celebrate our success at the end of the year!?!  What a great way to start 2014??  What do you think??

Money Challenge for 2013 – Can you save over $1,300??

Have you ever wondered how to save for that vacation each year? Done the calculations and tried to figure out what to do so that you have the funds for Christmas shopping in December? I have.  I now have a few things I do to make sure that I have some extra funds at Christmas time and for other events through the year.

This year, I came across a chart that showed how you can save over $1,300 in one year.  The premise is that you start saving one dollar in the first week of the year.  You then increase your savings by one dollar each week, so that by the last week of the year you are saving $52.  Seems relatively easy and certainly following the holidays, starting at a dollar isn’t difficult.

I have opened a new @SuperStarSaver account with ING and I am going to give this a try.  I certainly would welcome almost $1,400 (when interest is added) at the start of January 2014.  Worst case scenario is that I end up with somewhere between zero and $1,400 saved, even if the savings get, “too heavy” to keep up as November and December creep up.

This chart (which I found on the internet – I am not sure of the source as none was given), shows the math and was what sold me on the idea.  It is easy to follow and seems like it is a manageable program.  I am sure that it will get tough when it gets up to $30-50 per week going to savings, but really that is only one dinner or one night out in those weeks.  That vacation at the end of it all would be worth it, I think.MoneyChallenge

If you would like to join me on this journey, I encourage you to jump on board.  I will be talking about it as the year progresses on social media (using the hashtag #Saver13 – which covers the total saved and the year 2013).  If you don’t already have an ING account, check them out.  If you want to open an account, feel free to use my “Orange Key” which helps both you and I get a bonus.  You can connect with ING here and my Orange Key is – 15735432S1.  What an excellent addition to our savings for the year.

I welcome your comments and thoughts on this idea and I look forward to sharing my progress with you as 2013 progresses!!