Tuesday Challenge 08/13/24
By Jim Bauer
@porwest (112864)
United States
August 13, 2024 10:01am CST
I have not talked about it in a while, but I have not stopped doing it. That is, the Tuesday Challenge.
Basically, every Tuesday, whatever the date is on the calendar, you put that amount into an envelope. After about a year you will have saved somewhere around $1,000 you can use for whatever you want, but of course I always recommend putting it into something that draws interest or dividends.
To date, and I started this last October, I have $732 accumulated in my envelope. How much do you have in yours?
12 people like this
10 responses
@moffittjc (128837)
• Gainesville, Florida
13 Aug 24
I’m at $1059, not including what I will add today.
3 people like this
@moffittjc (128837)
• Gainesville, Florida
14 Aug 24
@porwest I believe I started right around the same time you did. I follow the plan, but also throw in extra money here and there when I have some burning a hole in my pocket.
1 person likes this
@pumpkinjam (8876)
• United Kingdom
14 Aug 24
I'm not sure what's in my cash savings. I don't save a lot in there but put in a small amount each week, adding a little more if I have it. It gets counted at the end of the year and used to treat myself.
2 people like this
@porwest (112864)
• United States
14 Aug 24
You never answered my question. I took my wife's 401k when we got married which was worth about $39,000 when we met to about $150,000 in three years, and she started her 401k in the 80s. We met in 2005 and married in 2007. That fund is worth twice that today and she has not worked for Walgreens, where the 401k was from, for over 10 years.
@JordanLader (7406)
• Sparta, Tennessee
13 Aug 24
I haven't heard of a challenge like this. It would be interesting to try if I ever had leftover money lol
1 person likes this
@porwest (112864)
• United States
13 Aug 24
@JordanLader Well, at least you HAD some and have a plan to get back on track. That's better than most people can say.
1 person likes this
@JordanLader (7406)
• Sparta, Tennessee
13 Aug 24
@porwest lol I need less bills. We haven't recovered from when my husband was jobless and then he went from weekly paychecks to bi weekly which killed what little savings we did have. We'll get a savings back again at some point lol.
1 person likes this
@1creekgirl (44560)
• United States
13 Aug 24
I like your challenge and we don't do it exactly that way, but we do have money we "pay" ourselves each month in an auto transfer. We treat it as another bill and don't give ourselves a choice. The older we get, the more we see the absolute necessity of saving.
@LindaOHio (222623)
• United States
14 Aug 24
I think my husband's $35 that he had for his shampoo, haircut and beard trim was stolen. I may have to cash another check as I'm pretty cash poor at the moment. Have a great day. Love the celery.
