{2016 Money Recap} She Makes Cents Money Challenge Success!!

Hello #SMCmoneytribe!  It’s the last Friday of the year and I am so happy to hear from you all who are completing the She Makes Cents  52 Week BINGO Money Challenge  today and tomorrow. I officially finished mine today!  In the past three years I have attempted to complete this challenge, I would accomplish a short term goal and just stop.  This year, however, I have made it all the way to the end thanks to my accountability partners in the #SMCmoneytribe, as well as, my will to stay focus on my goals of zero credit card debt (mission accomplished) and snowballing my student loans (current goal in progress).2016-52-week-money-challenge

She Makes Cents Money Challenge vs. the 52 Week Money Challenge

The She Makes Cents Money Challenge is a variation of the traditional 52 Week Money Challenge.  In the traditional version, participants save a specific dollar amount based on the corresponding week.  For example on week one you save $1.00 and on week 52 you save $52.00.  Doing it this way would have you shelling out the bigger bucks in the weeks leading up to the holidays.  No Bueno.  Also, doing the traditional version only leaves you with $1378.00, which is not bad for money that you would normally spend unintentionally, but it could be better.  With the She Makes Cents BINGO Money Challenge, you have the same time period, 52 weeks, but you empowered to decide how much you save on a weekly basis.  You control your own money and have the ability to cross of boxes that correspond to your current financial situation at any given time, which is how is should always be.  Plus with the bonus boxes you can save $1900.00+.

The Breakdown of Money

This past year,  I found myself keeping track of the weekly and monthly savings and comparing the amounts during my frequent progress reports.  I saved the most money in the month of January with $286.00  and the least amount of money during the month of September with $76.00.  Below is my breakdown of the monthly savings that reflect my grand total savings for 2016… an even $1900.00!!!!2016-money-challenge-yearly-report

Join the #SMCmoneytribe

Thank you to everyone who did this challenge this past year.  It was so much fun.  We all cultivated the habit of saving and you might have made a new friend in the process like I did, hi Alysa!  Want to join the #SMCmoneytribe to get  access to a tribe of goal minded accountability partners who are invested in your success and your FREE money guide?  Click here, fill in your info, and we will do the rest.  Mark your calender’s for the next round of the challenge starting January 7th!

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{Money Goals} This Money Challenge Beats All Other Money Challenges

Hello Lovelies.  Welcome to the weekend!  It’s time for check-in for the shemakescents 52 Week BINGO Money Challenge (if you are new to shemakescents.com, click here for a recap of the challenge).  Today I crossed off $37.00 on the BINGO Challenge putting me at a year to date total of $1498.00.  My year to date total is just one example of how this version of the 52 Week Challenge  can help you double your savings opportunity. The original version caps your savings potential at $1378.00, which I have already surpassed.  From January to July, I used this money to help me pay down my credit card payments faster.  From July to today, I have saved $800+ on this challenge  to make a principal payment  to my student loans once I get to the $1000.00 mark.  shemakescents money challenge

How can you save too?

The great thing about this challenge, is that you can start anytime and it works on everyone’s budget.  Just email us at info@shemakescents.com  for your FREE copy of the BINGO Money Challenge sheet. The best way to stay in the challenge is to join our Twitter/Facebook check-ins so that you have the support of the community of readers participating in the challenge.  To join the twitter check-in, simply tweet me!

Tweet: I joined the @shemakescents 52 Week BINGO Money Challenge to help me reach my #moneygoals.

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{Every Woman Should Have} The Protection of a Slush Fund

This is not a typical savings post, but a post that might just save you.  I learned a very adult lesson when I was just a teenager watching a friend’s mother pick up the pieces after a messy divorce.  To my knowledge, it was he who messed up…..so how in the world did she have to downgrade the lifestyle that they built together and he upgraded?   The simple answer, he probably had the better lawyer.  They shared an account but she didn’t  have an account all by herself.  At 15 years old, I learned that life happens and not everyone gets the happily ever after they were expecting.  More importantly, I learned that every woman should have a  her own money.  I vowed that would NEVER be me.  That was the year I started saving my own money.

Money Quotes

The Protection of a Slush Fund

Creating a Slush Fund for yourself isn’t a selfish act nor does it have to be a sneaky one.  In this post, Fortune Magazine author,  Jean Chatzky, cites a study conducted by Princeton Research Associates for CreditCards.com.  According to the study, “7.2 million Americans (4.4 million men and 2.8 million women to be precise) have a bank account or credit card that their spouse or live-in partner doesn’t know about”.  That kind of omission in a relationship is not my personal cup of tea.  I believe in the “yours-mines-ours” approach where the lines are clear and the division of funds works for both  parties.   This “Yours-Mines-Ours” strategy is me taking an active role in my personal finances and joint finances.  Gone are the days where women are expected to blindly allow their spouses to run their financial house without know how the money is flowing in and out.

 Regardless of your relationship status, YOU have a  responsibility of  building your financial house on a stronger foundation.  Be proud of that.  Be clear about your expectations. Be smart about your money.  Every woman should have a protective slush fund because no one can protect you like you.  

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You’re married, so should you have your own slush fund?

 

Target to Pay for Free Credit Monitoring & Identity Theft Protection for One Year

She Makes CentsTwo weeks ago, I received a letter from my bank informing me that my card information may have been compromised.  Was I surprised?  Not really.  I like 70 million other consumers got my shop on at Target AND I Michaels Arts  & Crafts, who also announced their credit breach (Double Whammy).  I’m not too worried though. because I am taking the necessary steps when someone believes their identity may have been compromised.  I ordered a new card with a new number, I confirmed my fraud alerts with the bank, and I plan on taking Target on for their offer of free credit monitoring and identity theft protection to all Target guests who shopped U.S. stores during their breach.

After a thorough review of options, Target has chosen ProtectMyID, provided by Experian—a leading global information services company that helps people understand and keep track of their credit reports, as well as monitor for and resolve identity theft. Request an activation code before April 23, 2014 and then register for the offer through ProtectMyID before April 30, 2014.

Visit creditmonitoring.target.com to request an activation code and read below for details on how the offer works.

In addition to a complimentary copy of their credit report, guests who sign up will receive daily credit monitoring, identity theft insurance (except where prohibited by law), and have access to personalized assistance from a highly trained Fraud Resolution Agent. Access to the Fraud Resolution Agent will continue even after other benefits of the initial one-year ProtectMyID membership expire. After 12 months, those who register have the option to continue their memberships at their own expense.

This ProtectMyID package includes the necessary tools guests need for credit monitoring and identity theft protection. It does not include Experian credit score or reports from Equifax and TransUnion. When visiting the enrollment site, guests will have the option to purchase these additional products at their own expense if they choose, but are not required to purchase a credit score to receive the benefits of credit monitoring and identity theft protection.

How to Enroll

Enrolling online is fast, secure, easy and accessible at any time. Here’s how to register:

1. Visit creditmonitoring.target.com to request an activation code. Guests will be required to submit their name and an email address. After submitting their information, Target will email guests within 72 hours with their unique activation code and directions for how to enroll in ProtectMyID. Guests should look for this email and check that it does not end up in a “junk” mailbox. Emails collected during this process will only be used for the purpose of sending an activation code for free credit monitoring.

2. After guests receive their activation code from Target, they may visit www.protectmyid.com/target and use the code to start the enrollment process. It will be important for guests to verify the code they enter matches the notification they received from Target. Also, guests must be sure to click the red “Click to Redeem Your Activation Code” button (or use the “ENTER” key).

3. Enroll in ProtectMyID: Guests will need to provide Experian with personal information, such as name, address, date of birth and social security number. Experian asks for personal information so that identities can be verified during the registration process and future log-ins. This is strictly a security measure to ensure no one else, including Target, will have access to your information.

4. After completing these steps, guests can begin to take advantage of all the ProtectMyID features.

For More Information, Visit Target.com

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