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52-Week Savings Challenges

January 5th, 2015 at 09:11 am

I have a post started with my 2014 status and 2015 goals, but it's on my home computer and I'm at work at the moment. I figured I'd go ahead and post this even though it's kind of out of order, so that I don't have a a bunch of posts piling up.

As a bit of background, though, I'm finishing up my 52-Week Mega Challenge in the first quarter of 2015; I started 10 weeks into 2014 and I'm giving myself the full 52 weeks to finish it. One of my 2015 goals is to complete the regular 52-Week Challenge, as well. I could wait until the Mega challenge is done and then start on the regular one (the small-dollar weeks should be easy to catch up) but I'd rather just work on both of them simultaneously. That means I'll be splitting snowflakes for a bit. I've decided that bank snowflakes -- interest and account rounding -- will go to the regular challenge, while other snowflakes -- side gigs, credit card rewards, gift cards, etc. -- will go to the Mega challenge. (For now, anyway; that may change at any moment!)

So two Challenges to report this week.

52-Week Mega Savings Challenge
My Week 43

Movie Gift Card* - $25.00
Return #1 - $105.95
Return #2 - $10.61
Chase Rewards - $120.00
Bottles - $7.90

Total Snowflakes: $269.46
Rounding (from reserve): $0.54

Beginning Balance: $5275
Deposit: $270
Ending Balance: $5545

Reserve: $1.59 - $0.54 = $1.05

*This is not the gift card that I bought with my Chase Freedom rewards, since those were already counted toward the Challenge. I got a gift card for Christmas which we used this weekend; I also got two Gold Experience tickets we'll use at some point, and will count those as a snowflake when we use them.

52-Week Savings Challenge
Week 1

Checking Account Rounding - $17.66
ING Interest - $5.23
Chase Interest - $0.10
MSD Interest - $3.54

Total Snowflakes: $26.53
Rounding (to reserve): $0.53

Beginning Balance: $0
Deposit: $26
Ending Balance: $26

Reserve: $0 + $0.53 = $0.53

This puts me at just over 80% of the Mega Challenge and almost 2% of the regular Challenge. Smile

2 Responses to “52-Week Savings Challenges”

  1. ThriftoRama Says:

    You make me think I should start snowflaking again!

  2. rob62521 Says:

    Great job on the snowflakes! Bravo! Excellent on the 52 week challenge and sticking with it.

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