{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.

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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.

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{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).

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{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!

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August Financial Goals

On April 13, 2011, I gave my SMC readers an update to my Spending Diet from the month before. For an entire month, I wrote down everything I spent my money on and doing so revealed so much about my spending habits. I now have to confess that my April Spending Diet was the last time I took part in tracking every expense. Since August 1st is right around the corner, I have decided to get back on the financial hot tamale train, and take back control of my finances. First, I will make a budget for the month and then I will keep up with my version of Catey Hill’s Spending Chart.

For the month of August I plan to:

Cut Back on Eating Out

(except birthday celebrations, of course)

Consolidate Trips

Stick to my Grocery List

Eat Before Leaving the House

Lock Up the Credit Card for the Entire Month

Review My Finances Daily

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