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Happy New Year, and Thank you!

January 1st, 2007 at 04:57 pm

Thank you to everyone who left encouraging, and welcoming messages.
I am feeling confident about my ability to save and get out of debt this year. Hopefully, early in the year!
This morning, I had an email from INGdirect, stating that I had an extra $10.00 in my account from a referral. Now I am $10.00 richer, and a friend is $25.00 richer! A good way to start out the year. Every little bit helps.
I saw an ad in the paper this morning that my favorite thrift store is having a 50% off sale today, but I am resisting temptation, and not going. I need to get rid of "stuff" not get more.
One goal for this year is to set up an eBay account to sell lots of "stuff".

I have a question re. the $20.00 challenge. Do you count tangible money, or theoretical money saved, as in savings on sale items? I think I will count only money in hand. Re. sale items, at the grocery store; I don't feel like it is real savings, in my case, because I would not have purchased the items if they were not on sale.
Is it just a personal preference as to what is counted as "savings", or does it have to be money in hand?

6 Responses to “Happy New Year, and Thank you!”

  1. LuxLiving Says:
    1167670862

    Last year when I saved a certain amount at the grocery because of a sale I took the literal cash and put it into Piggy. Didn't happen but once that I had cash on hand, but that's what I would do.

    I am taking the monthly amount and putting it toward my mortgage so, yeah, literal is what works for me.

  2. Amber Says:
    1167671596

    I actually count money that is saved as well as used towards debt, I guess what ever works for you. Right now I round up loose change and add to a seperate account that I am saving for a home ex: money saved using coupons, if I have a no spend day I add a dollar as well as my weekly deposits of $25. Welcome and good luck, I look forward to reading your blogs

  3. Ima saver Says:
    1167672636

    I buy only what is on my grocery shopping list, but if it is on sale with my store card or I use a coupon, I take the cash (rounded to nearest dollar) and add it cash in hand, to my cash box. I deposit that to my savings once a month.

  4. rduell Says:
    1167682950

    I'm just starting this, but what I'm going to do is look at the bottom of my receipt where it tells me the total I've saved and transfer that money from checking to my Challenge account.

  5. PRICEPLUS Says:
    1167687774

    Intangible money is a government term We mere mortals dwell in the world of tangible money!WinkBig Grin
    I guess you might want to ask Jeffrey on the forums what the deal is. I always thought is was tangible money. You save money and you put it into savings!Smile

  6. Aleta Says:
    1167846025

    I use coupons from the newspapers and the in-store coupons and subtract it when I get home. I feel like if I would take away all of my savings from food that I wouldn't have any money left for the food. I may try it. Sometimes, like today for instance, my food bill will be $10 less because they had a point system and it will subtract that amount. I plan to put the $10 in my cash box as well. Also, there was a coupon that popped out of the machine that said $10 off for spending $50. That should be easy enough. So, that will also go into my cash box. There are a lot of things you can do. It might be a good idea to see just how many ideas there are out there.

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