I think that the title speaks for itself. I have a challenge with money and I am sure that I can’t be the only one. I live in a very expensive area where the average salary is $120,000 a year. So, lets subtract $70,000 and you have my salary at least after taxes. Why don’t I just move? Well, it’s not that simple and truthfully I am close to family and resources for my children that are beneficial. Plus, it’s a fairly safe area. So this leads me back to my challenge with my money or lack thereof. I heard of something called the 52 week savings challenge and I am sure that I can do this. Banks are starting to get on my nerves so I will use one of my nifty piggy banks. I have attached the file above. The concept is that there are 52 weeks in a year and the first week you put away a $1 and the second week $2 and so and so forth. Cool, huh? Anyway, I am going to tackle this challenge head on even though I am getting a late start. If you are like me tax refunds are coming so, I will play catch up with a little of that money and then keep it up from there. If you do not have a tax refund coming and you are still interested in participating in this challenge, then Valentine’s day is coming up, let your sweetie, parents, or anybody know what you are trying to do and maybe they will gift the amount as of now to you. Try it and see.
Financial independence is key in this world and we cannot just run around all of our lives owing someone. My goal is to only have to pay rent (one day mortgage) and utilities. Try to pay car payments off as soon as possible and then drive that bad boy until the wheels fall off. Get your money’s worth. With the remainder of my tax return, I will do something special for my daughter (because she has been so helpful with her little brother) and start paying off some of the smaller items on my credit report.
Yes, that thing again. Get a copy of your credit report and face the music. Dispute what you know is not accurate, ask questions, and then start the process of getting back to zero. I will keep you updated on my progress as the year continues. My student loans are high so, that may take me a while. Anyway, happy saving!!!
You can also go here to print off a copy of the challenge for yourself: