Already onto month #2 with these Challenge Savings! How fast is time going, eh? Yet another reason to start whatever it is you really want to be doing TODAY as we’ll just be back here again in another 30 days before you know it… Remember that old Chinese proverb?
The best time to plant a tree was 20 years ago. The second best time is now.
Print that out and stick it to your computer monitor until you’re ready to take action :)
Back to our Savings Account though…Looks like we’ve been steadily adding in $200 each month so far. Pretty good for basically doing nothing! “Passive savings” you might even say? ;)
Of course we did hustle early on by cutting back on three of our more heftier bills which set the ground work for this (cell phones, cable/internet/phone, and car insurance), but now all we’re doing is sitting back and letting the differences swiftly glide into our new savings account we’ve set up. Mixed in with a few Craigslist flips and found change to boot.
A reminder as to why we’re doing this: First and foremost to make sure we’re actually saving all the money with these cuts (you can tell people you’re saving on things until the cows come home, but until you actually DEPOSIT IT SOMEWHERE it’s not really saved money, now is it?). And secondly, to help motivate us and put things in better perspective. While our quality of life hasn’t been that affected since starting this challenge, there are certainly days we miss our iPhones or ESPNs/MTVs/etc.
Our hope is that by watching this balance grow over the month, it’ll continue reinforcing all the smart moves we’ve been doing. And so far so good :) I’d much rather have $400 cash money than a few more TV channels or sleeker phones, so no turning back yet!
Here’s the breakdown of October’s $$:
Cell Phones: The difference of our old wireless bills w/ AT&T and our new ones w/ Republic Wireless.
Cable/Internet/Phone: Either Verizon think I’m an idiot again and have stopped paying attention to my bills, or they’ve grown an even bigger sack and is trying to stick it to me after my $50/mo savings I snagged the other month, ugh…. Either way, WTF? How do you raise someone’s bill by $9.27 after they just called to complain and get stuff situated again? What am I getting in return for this $9.00 I’d like to know???
I’ve tried calling them twice already to find out, but each time the wait has been over an hour and I just haven’t mustered the energy to stay on the phone and fight again… But I’ll be back to it tomorrow to figure it out once and for all, those F’ers. Which just reminded me – I totally forgot to do our WTF Wednesday series today, oops! This kinda sorta counts though, right? ;)
Car Insurance: The difference of our old car insurance bills with our new ones – both with USAA (I had changed the monthly mileage they had on record for our two cars as we don’t drive them as much as we used to, as well as dropping some coverage on my Caddy since it’s practically an antique now. Still drives incredibly well despite it’s looks though!)
Indian Knife Sold: I blogged about this sale last month, but here’s a different picture of it below. When it was in its prime acting as a decorative display :) I liked it, but I liked $20.00 more… Especially as I originally paid $3.50 for it! #WINNING
Found Pennies & Dime: Pretty self-explanatory… People hate money ;)
Sadly all other items I’ve since listed in our Weekly Craigslist Listings haven’t sold yet. Getting a few nibbles here and there, but nothing that’s been able to move them out of my house yet. It’s slowly becoming a habit though! And since I’m not in a rush to sell anything, I can play the patience game and try for the values I think they’re worth. Or at least slowly drop the price over time until they’re sold.
Total Savings Since Challenge Started:
- Month #1: September, 2014: $203.96
- Month #2: October, 2014: $202.62
- GRAND TOTAL: $406.60
[The total is a bit skewed due to the interest our account is accruing.If you can count $0.02 as any real accruement, haha… But hey, that’s two found pennies on the ground! ;) And plus, this is just a 12 month experiment. Once it ends we’ll be diverting this money into something hopefully much more lucrative. At this rate we’ll have at least $2,400 in it!]
So there you have it. Our Challenge Everything Savings account is working its charm and becoming more impactful. If any of you are playing along, I’d love to see what your accounts are showing :) Or start your own today and move all your “saved money” into it as well! You’ve already done the hard work of saving it, now make sure to keep your grubby hands off it and store it somewhere so it counts.
You can learn more about our Challenge Everything Series here. Hope this helps!
PS: I think it’s time to start tackling another bill now… Any suggestions?
[Pirate bill by J. Money. Which he may have copied from this person.]
Jay loves talking about money, collecting coins, blasting hip-hop, and hanging out with his three beautiful boys. You can check out all of his online projects at jmoney.biz. Thanks for reading the blog!