{Week 21 Update} 52 Week Challenge Helped Me Hit A Financial Milestone!

It’s week 21 of the 52 Week Challenge and I am five weeks away from the half-way point of the challenge I started on Friday, January 3, 2014. Over the course of 21 weeks, I have saved over $500.00 dollars that I would have spent on random bits and baubles. Doing this challenge, along with deciding to play a little Russian roulette with my finances, has helped me to pay off my ENTIRE credit card balance three months ahead of schedule.

While some may think a money challenge like this is not worth the effort, I strongly disagree. Not only are you putting money aside for whatever your current financial goal may be, be it paying down debt, saving for a new car or home, or planning a wedding, you are also altering your previous financial behaviors. Personal finance is 80% BEHAVIOR and only 20% HEAD KNOWLEDGE! Just taking the steps to start a challenge like this means that you are getting into the habit of saving. Becoming successful in the challenge means that it has become a part of your lifestyle and not a temporary behavior change. I urge you, if you have thought about ways to save money to try this challenge BINGO style. It’s the easiest way to save extra money under your own terms.