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52-Week Mega Savings Challenge Update - 2014 Goal Met!

January 2nd, 2015 at 06:08 pm

I started the 52-Week Mega Savings Challenge in March 2014, 10 weeks into the year. So I set a goal for 2014 to save $5,000 and finish up the Challenge in 2015. I am happy to say that as of year-end I met and exceeded my $5,000 goal!

The biggest factor was the excess I had in Chase Rewards; I planned on $600 and ended up with just over $800, so I put that extra toward the Challenge. I also had a refund on an entry fee, some side gig income, and spent enough on movies/concessions (all on gift cards)to earn a $10 bonus on my AMC Stubs card.

52-Week Mega Savings Challenge
Week 52 (started late, now on my week 41)

Snowflakes
Freedom Card Rounding - $29.37
Refund - $29.00
Movie Rewards - $10.00
Chase Rewards - $206.19
Side Gig - $85.17

Total Snowflakes: $359.73
Rounding (from reserve): $0.27

Beginning Balance: $4915
Deposit: $360
Ending Balance: $5275

Reserve: $1.86 - $0.27 = $1.59

This puts me at not quite 77% of the Mega challenge, with $1,615 left to finish it. That's a rather aggressive average of $161.50 per week, but I do have a decent sized invoice out for one my side gigs, and am coming up on S's year-end commission (which is paid at the end of January or mid-February) and my overtime season. While I don't technically consider those snowflakes, I'll use them if I need to! (I also got a $500 bonus that I've set aside for some personal 'wants', but if I don't use all of it I'll allocate what's left to the Challenge.)

4 Responses to “52-Week Mega Savings Challenge Update - 2014 Goal Met!”

  1. creditcardfree Says:

    Fantastic job!!

  2. LittleMissSplendid Says:

    Congratulations on reaching your goal!

  3. VS_ozgirl Says:

    Awesome!

  4. doingitallwrong Says:

    Thanks all!

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