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The hardest part about saving is….STARTING!
Are you tired of not saving at the end of the month? Feel like you are constantly living paycheck to paycheck?
You have to make a decision to start saving money.
Are you up for a money saving challenge in 2018?
Because of freewill, you have the choice to save or not to save. That is completely up to you.
Background of this Money Saving Challenge
I was speaking to a friend about their family struggles to save money. The thought of trying to squeeze one more dollar out to save was unthinkable. Reaching $50 a month to save was totally out of the question.
So, I posed the question, “Can you save your age?”
She said, “Of course, I can save my age?”
Wait a minute.
I thought you said saving $1-50 per month was unthinkable. But, now you are telling me that you can save your age in dollars?
That is when the Save Age Challenge formed.
Small steps to saving money.
It is all about perspective. For some reason, we correlate our age differently than we do typical dollar amounts. Regardless, it is a technique that works.
Related Post: How to Save Money (Simple & Easy Tips)
Understand the Save Age Challenge
Simple. Easy. Start.
Every month in 2018 deposit your age in dollars to a separate bank account. This could be a regular savings, Roth IRA, college savings – whatever type of account you want.
However, the key is you cannot withdraw money from the account during 2018.
Why can't I withdraw money? Because you want to prove to yourself that you can save money and not spend it immediately.
Period. Deposit. Save.
This is your first small steps to saving money.
**Up for the Extreme Challenge? Add a zero or two to your age**
Also, check out the Save Age Challenge for Kids!
- Each month deposit your AGE in dollars to a separate bank account. (You can deposit more – Extreme Challenge, too!)
- Make no withdrawals in the account.
- Must be signed up by Saturday, January 28, 2018 to be eligible for the charity donation.
- No make-up deposits will be eligible for the charity donation. For instance, deposit the March amount in April.
- Prove to yourself that YOU CAN SAVE MONEY!
How much could you save each year by just saving your age?
Enter the Save Age Challenge 2018 and a Charity wins too!
From everyone who completes the Save Age Challenge, one reader will be randomly selected to designate where I will personally donate their Save Age amount to a charity of your choice.*
Related Post: How Kids Can Save $2,000
*Charity of your choice must be a 501c3 organization according to the Internal Revenue Service. Political organizations will not qualify. Maximum donation of $500. Must be 21 years old to be eligible to pick the charity of you choice donation. Randomly selected reader must submit their redacted account statement proving their save age deposits by January 5, 2019. Donation to charity will occur in January 2019.
Disclaimer: Terms and conditions may apply.