Introducing the Save the Savings Challenge

The whole idea of this goes back to a conversation I would have with my dad every few months. Whenever I would buy something new (or used in a lot of cases) I would proudly come home with it and show it to my dad. He would ask me the same couple of questions. The last one as you’ll see I never answered.

Save the SavingsThe conversation would go something like this:

Dad: How much did you pay for it?

Me: It’s an awesome new guitar amp and it’s normally $399 brand new

Dad: (Interrupting as he could see that I was justifying my purchase) How much?

Me: It was only $199 on sale

Dad: “So how much did you save?

Me: I saved $200! Isn’t that great. I could afford it because it was on sale

Dad: So where did put the savings? Where did the money go?

Me: HUH??!?!

What my dad was getting at, and what I didn’t really grasp at the time, was this… I didn’t really save anything. Not physically. It was a fake saving. I wouldn’t have bought the amp for $399 because I didn’t have that much money.  If I did have the money, it sure wasn’t something I was putting away into savings. It just meant I could buy more stuff.

These conversations rattled around my head for years. I love talking about money and how much I save here and there. But I don’t have anything to show for it.

Until now.

After January’s spending from becoming mortgage free, I realize that I saved $1000 and have nothing to show for it.

To put it frankly: That sucks. So what’s a person to do? I started thinking of all the things I have bought, from groceries to electronics to cars etc… What if I actually saved that money? Instead of saying I saved it, I actually physically saved it. I would have thousands of dollars extra.

So I’m taking a challenge. For the next 30 days, I am saving the amounts I actually save on my purchases. If I buy an iPad and save $150 I’m physically putting that $150 into a separate account and saving it along the way. The same goes for buying a bag of chips on sale and saving $0.50. It all is going into a separate account.  I plan on sharing the details with you here.

If you are wanting to join me on this challenge I more than welcome you. I encourage you to. This is going to be an adventure of savings and I can’t wait to see what happens.

For more details on the challenge, you can check it out here.

Save the Savings Challenge

 

 

 

Psst! Want Access to our Members Only Area?

Psst! Want Access to our Members Only Area?

Take control of your money today!

Get our best ebooks for FREE! Including: Money Principles to a Happier Life.

Sign up below now.

Awesome! You are now subscribed. Check your email for the next step!

Free! Get: How to hack your mortgage and save $1000s ebook now! Check it out.

Psst! Get Member's Only Access

Want something no one else can get?

Sign up and get our best ebooks for FREE! Including: How to Hack Your Mortgage and Save $1,000.

Sign up now and get started.

Sweet! Check your email for the next step.

Free! Get: How to hack your mortgage and save $1000s ebook now! Check it out.

Get Our Ebook: How To Hack Your Mortgage and Save Thousands

Instead of slowly paying off your mortgage, learn the tricks you can use to pay off your mortgage faster. 

Plus you will save thousands in the process. 

You deserve to keep your money. 

Get the ebook for free now!

You have Successfully Subscribed!

Gain Access to Over 20 Bloggers Top Book Recommendations

Everyone has a book that changed their financial lives for the better.

Check out this excluive list of over 20 personal finance writers who share what personal finance book had the biggest impact on their lives. 

Check your inbox. There's one last thing before I can send this to you.

Get the Ultimate Financial Goals Checklist and Worksheets Free

Just enter in your email and we will send you the ultimate list of financial goals and the S.M.A.R.T. goals worksheet.

You have Successfully Subscribed!