{YTD Update} 52 Week BINGO Money Challenge

She Makes Cents

As we approach the end of week 33, I must say, staying  on top of the 52 Week BINGO Challenge is taking a little more discipline, for me, than in past weeks.  I had a goal to pay off my credit card by August 1st and I beat that goal by a month.  How, you ask?  Well, the closer I got to a zero balance on that debt, the more aggressive I became with this financial goal.  As always, I paid more than the minimum balance and started dumping any and all unassigned money toward that goal.  In working toward the big credit card payoff, I developed a solid habit of saving.  Now that this first goal is done and the high of the gratification is dwindling down, it does look slightly daunting when I look at my next goal on the snowball– my student loans with it’s $18,593.25 balance.  Ugh!!  I plan on making quarterly payments towards the principle with the money that was previously allocated to my credit card minimum + the 52 Week BINGO Challenge to shave off years of interest and thousands of dollars.

Related Post: {Debt Management} How to Shorten the Length of Your Loans & Reduce Interest

52 Week Challenge

Heavy Chains of Habit- Good or Bad?

Chains of habit are too light until they are too heavy to be broken.  Think about it like this, if you are in the habit of putting money aside every week, at the end of the year the weight of your weekly sacrifice would be greater than if you only saved for one week and then gave up.  Every week, saving $10.00 here, $70.00 there, $100.00 every once in a while might not seem like a big deal at the time, but every penny adds up.  Every time you save makes the habit of saving that much stronger.  The same can be said for  bad habits.  Spending $10.00 here and $70.00 there may not seem like a big deal in the moment.  But over time, that random spending becomes a bad habit and the weight of your debt becomes a heavy burden to carry.

YTD 52 Week BINGO Challenge

Doing the original 52 Week Challenge would result in $1378.00 for the entire year.  Doing the #shemakescents BINGO version has me at $1395.00 YTD with another 19 weeks to go for the rest of the year.

cropped-logo-twitter2014.jpg  Visit SMC on Facebook  Visit SMC on Twitter  Visit SMC on Twitter  Visit SMC  Email SMC

{Reader Check In} How Are You Doing?

I wanted to take a moment and check-in  on you, readers of shemakescents. With all that is going on in the world know this, you are loved and you are important. Here at shemakecents.com that love and importance of human life transcends race, gender, class, socioeconomic status, sexual orientation, and any other ways that people are discriminated against. Be safe out there and keep pushing toward whatever goals you what to meet.52 Week Challenge

With that being said, I want to encourage those of you who are still committed to the 52 Week BINGO Money Challenge. I am so proud of you! Saving money is the easiest part, the discipline to be consistent every week is the challenge. Today I crossed off $19.00 which puts my at a total savings of $1,194.00 (YTD).  I am so close to my 1st goal of paying off my credit card balance largely in part to my discipline and support from other people in the challenge.  The goal is to go into the month of August with a zero credit card balance.  Stay tuned!

cropped-logo-twitter2014.jpg  Visit SMC on Facebook  Visit SMC on Twitter  Visit SMC on Twitter  Visit SMC  Email SMC

shemakescents{at}gmail {dot}com |  Instagram  @shemakescents 

 If you would like to leave an encouraging message below or an update on your savings goals, I invite you to do so in our comments section below. 

{Financial Cents} BINGO Money Challenge Hits MAJOR Milestone

Coins of Knowledge

Hello Lovelies!  I have some exciting news to share with you this morning.  Yesterday I crossed off $14.00 – doesn’t sound too exciting yet, but wait for it….. – on the 52 Week BINGO Money Challenge.  That $14.00 put me at the $1,000.00 mark for this money challenge!  –INSERT HAPPY DANCE!!!!

giphy

On the same day that I hit the $1,000.00 mark in savings, I also hit the under $1,000.00 mark in my credit card balance!!!  While I am proud of the financial gains made in the first six months of this challenge, I am even more excited about the about the savings habits I have created for myself.  I believe that creating a healthy savings routine is the first step on my journey to DEBT FREE living.  I was chatting with a girlfriend of mine who made the observation that I have only been focusing on saving and not making increasing my sources of income a priority.  In a lot of ways she was correct.  I have placed a serious focus this year on saving because in the past, I would start the year strong with savings goals and plans for myself only to find some of them abandoned by mid-year.  That being said, splitting my focus between increasing streams of income and saving would have only created more problems at that point in my journey when I wasn’t steadfast in making saving a priority.  The phrase, “More Money, More Problems”, exists for a reason.  Without a healthy savings routine and more income coming in, I could have easily  created more debt and worsen bad spending habits.  I have spent the first six months of this year really focusing on correcting past bad behaviors and replacing them with healthy habits.  Now that I have solid saving habits, I can start also focusing on increasing income and using that increase to move on the next snowball in my overall financial plan- student loans debt. I attribute my success to personal will, saying no to social (sometimes), and having accountability partners, like readers of She Makes Cents to help keep me motivated.  I would love to hear how you are doing with this challenge… the good, the bad, and the ugly.  

cropped-logo-twitter2014.jpg  Visit SMC on Facebook  Visit SMC on Twitter  Visit SMC on Twitter  Visit SMC  Email SMC

shemakescents{at}gmail {dot}com |  Instagram  @shemakescents 

Please share below or feel free to email me.

{Week 12} 52 Week BINGO Money Challenge

Coins of KnowledgeHello Lovelies! I must say, this month is flying by. I am staying steadfast with my progress on the 52 Week BINGO Money Challenge, presented by shemakescents.com.  I crossed off $12.00 on my BINGO money sheet.  Last mentioned in week 11, I am redirecting money this month in preparation for another money goal.  That being said, I have crossed off some of the lower numbers this month.  This thing I love about this version of the challenge is that I can adjust my savings based off of my current goals and progress.  I started this year’s challenge with over $5,000.00 is credit card debt and I am down to $2650.00.  Sometimes I feel like that number is moving slowly; however, I have refused to get discouraged.

cropped-logo-twitter2014.jpgWhat is Keeping YOU Motivated?

  Visit SMC on Facebook  Visit SMC on Twitter  Visit SMC on Twitter  Visit SMC  Email SMC

shemakescents{at}gmail {dot}com |  Instagram  @shemakescents 

{February Recap} 52 Week BINGO Money Challenge

Happy Saturday Lovelies!  I was about to do my regular weekly  update when I realized that the month of February is technically over (based on our BINGO schedule).   Oh how the time flies.  This week I crossed off $25.00 on the shemakescents BINGO money sheet.  Looking at my numbers, I was definitely able to save more in January than I was this month.  I am very proud of my progress and commitment  to this challenge and I am so very proud of those on this challenge with me.  I have heard inspiring stories from college students, mothers, couples, and career millennials.  This reveals to me that this challenge is helpful and fun for a diverse group of people.  My goal for March is to exceed the savings from January (the month  to beat). Since March 1st marks the 5th year anniversary for shemakescents.com I want to do it big!!

52 Week Challenge

Recap By The Numbers

January- $286.00

February- by the weeks

Year to Date Total: $396.00

cropped-logo-twitter2014.jpg  Visit SMC on Facebook  Visit SMC on Twitter  Visit SMC on Twitter  Visit SMC  Email SMC

shemakescents{at}gmail {dot}com |  Instagram  @shemakescents 

{Week 7 Money Challenge Recap} RESET Your Goals = Success

“Personal Finance Really 80% Behavior and 20% Head Knowledge”- Dave Ramsey

Jars of Coins

We are closing out week 2 of February and I have a good feeling that people have started to forget the motivation that most feel at the very beginning of the year. Whether you have forgotten your goals, lost sight of your personal mantra for your year, or given up on your resolutions, know that it is not too late to reset. In the past three years, I’ve gotten off track more than a few times when doing this challenge. That’s why it’s called a challenge. It is not supposed to be easy. Lucky for us, my BINGO version of this challenge isn’t particularly difficult either. Making necessary changes to help you reach your goals, be it financially, socially, or vocationally is all about behavior. You have to retrain your brain and as soon as you start seeing results, you will begin to establish that positive change as a habit and one day you will look up and it will be a lifestyle. You can do it, whatever “it” may be for you. As far as this journey toward financial freedom goes, you are not alone. We are in this together. I’m proud of myself for going strong every Friday with the 52 Week BINGO Money Challenge. Today I crossed off $46.00 on my BINGO money sheet for a total of $70.00 extra dollars that went toward my credit card debt (on top of the monthly minimum, of course) this month. Instead of spending $70.00 on my taco habit (Hi, my name is Danielle and I have an unhealthy LOVE of tacos) I invested that $70.00 into my financial goals.

Great job to those who are going all in and staying on the challenge like Alysa T. who check just about every Friday, Briana C., and Chris. C.  I also want to welcome the newcomers to the challenge. The beauty of this challenge is that you can start or restart anytime, so if you have gotten off tract RESET today.

Twitter Check-Ins #SMCmoneytalks

cropped-logo-twitter2014.jpg  Visit SMC on Facebook  Visit SMC on Twitter  Visit SMC on Twitter  Visit SMC  Email SMC

shemakescents{at}gmail {dot}com |  Instagram  @shemakescents 

{Week 4 Progress Report} 52 Week BINGO Money Challenge

It’s the fourth Friday of the year which means it’s time for the 52 Week BINGO Money Challenge.  Today I have crossed off $20.00 on my BINGO money sheet.  This puts me at a total of $245.00 extra dollars to be applied to my credit card balance.  What makes this challenge exciting to me is that fact that I’m saving little chucks of money that I don’t miss in my day to day life.  I know with each passing week, those “little chucks of money” will start snowballing into something bigger. 

Caucasian businesswoman with tip jar

Here is how month has broken down so far:

  • Week One: $35.00
  • Week Two: $40.00
  • Week Three $50.00 + $100.00 (bonus)
  • Week Four: $20.00

We are lucky enough to have five weeks in January, which is great because you gain an extra opportunity to save a little more while the momentum is good and people are still somewhat on focus with their 2016 resolutions.

cropped-logo-twitter2014.jpg  Visit SMC on Facebook  Visit SMC on Twitter  Visit SMC on Twitter  Visit SMC  Email SMC

shemakescents{at}gmail {dot}com |  Instagram  @shemakescents 

How Much Have You Saved So Far?

{Week 3 Progress Report} 52 Week BINGO Money Challenge

It’s Friday and week 3 for me for the 52 Week BINGO Challenge. This week I am crossing off $50 and my first bonus box for $100.00 for a combined savings of $150.00 for week 3 and a grand total of $225.00. Every day I receive emails with inspiring stories of people, their financial goals, and their progress of making smarter money moves. It makes me so happy to get check-ins on Fridays, especially from people who have joined the challenge.  I hope is it shows readers of shemakescents that you are not on this financial journey alone.

SMC- 52 Week Money Challenge

If you would like a personalized check in, please leave your twitter handle below or tweet me at @shemakescents.

How Much Have You Saved So Far? Please Share Below.

cropped-logo-twitter2014.jpg  Visit SMC on Facebook  Visit SMC on Twitter  Visit SMC on Twitter  Visit SMC  Email SMC

shemakescents{at}gmail {dot}com |  Instagram  @shemakescents 

{Week 2 Progress Report} 52 Week BINGO Money Challenge

It’s the start of the year and people are still very focused with their resolutions.  For some, the 52 Week BINGO Money Challenge is another goal on their resolution list.  For me, it has to be a lifestyle.  For the past few years, I have accepted the challenge to save for a specific amount to  help with paying down my credit card, saving  for the holidays, or even saving to help out with my wedding to the Mr; however, once I accomplished the goal, I fell off.  I was doing well with a zero balance and then I started to swipe my credit card for wedding expenses so now I am back to the beginning of Dave Ramsey’s Baby Step 2. That’s why they call it a challenge because it is challenging.

Happy Friday

 This year, I am back at the goal of wiping out my $3,886.78 credit card balance completely by or before May 1, 2016.  My plan is to pay a set amount every two weeks plus the  savings from BINGO money challenge, every Friday.  Once the credit card balance is non-existent,  I can start snowballing my student loans so I can shorten the length of the term dramatically and reduce the amount of interest I would have to pay back.    Today, I marking off  number 40 on my Bingo Money Sheet (leave a comment below for your FREE copy of the 2016 BINGO style sheet).

cropped-logo-twitter2014.jpgWhat Are You Using Your BINGO Savings For? 

  Visit SMC on Facebook  Visit SMC on Twitter  Visit SMC on Twitter  Visit SMC  Email SMC

shemakescents{at}gmail {dot}com |  Instagram  @shemakescents 

{Super Charge Your 2016 Savings} 52 Week Money Challenge Like You Have Never Done Before!

Financial Affirmation: “I am aligned with the energy of wealth and abundance”.

Photo Credit- Colin Anderson (Getty Images)


It’s the first Friday of 2016 which means it is time for the Bingo Style version of the 52 Week Money Challenge.  For the past few years, I have  used the bingo format to help pay off my credit card debt, save for the holidays, and  save for a little extra for a wedding.  This year, I plan on using the extra money from this version of the challenge to get my credit card balance back to zero (another story for another day) and start snowballing my student loans.

Here Is How It Works!

I’m sure you have seen the original challenge floating around the internet where you make a weekly deposit that reflects the number of weeks of the year. For example, on week one you deposit $1.00 and on week 52 you deposit $52.00 and so on. However, doing it this way will have you shelling out the big bucks during the holidays when people’s money is the most limited.  One year, I even attempted to do the original challenge in reverse by saving more money at the beginning of the year and less the closer we get to the holiday season. The only problem with doing it that way was that I was shelling out a lot of money right after the holidays when… for most people, money is still a little tight. I  thought to myself…”Danielle, how can you find a way to honor the challenge in a way that will not hurt you financially”? Then I came up with the idea to create a “bingo” style format. At the end of the year, I would still end up with the same amount of $1378.00  and if I am having a tough financial week, I can pick a lower amount to save. The good thing about the bingo challenge is that you are able to start at any time and if you get off track, it’s easy to see where you need to make it up to get back on track.52 Week Challenge

What Makes 2016 Different?

The power of choosing how much you want to save is what has always made the Bingo Style different from the original 52 Week Challenge. This year, though, we have upped the ante and included optional bonus+ boxes for those who are able and willing to push themselves further on this challenge. It will take more sacrifice, but it will help you gain more strength and momentum toward your financial goals since you will be saving a minimum of $1928.00 versus $1378.00.

Check Ins

You know goals are more likely to materialize when we share them with others.  That being said, check ins will take place on Fridays at noon where I will share my progress on the challenge and its effect on my overall financial goals and I encourage you to do the same. I love hearing your stories of how you are doing in the challenge and the financial milestones you have accomplished by making saving a habit of your daily life.  Sometimes doing it with a friend or even a blogger friend like me, keeps you better motivated since  you aren’t in it alone.  If you have questions, comments, or suggestions, shoot me a line below or email me for the latest Bingo Style Money Challenge, free to  shemakescents readers!

cropped-logo-twitter2014.jpg  Visit SMC on Facebook  Visit SMC on Twitter  Visit SMC on Twitter  Visit SMC  Email SMC

shemakescents{at}gmail {dot}com |  Instagram  @shemakescents