Save Over $100 in October!

Posted on Sep 27th, 2016 | Budgeting

October is almost here. Can you believe it?

So far this month I have paid for books, purchased new decor for my apartment, met friends out for dinner, and picked up some new clothes for back-to-school. You might say that most of these expenses are wants and NOT needs – well, except for the books. But what is done is done. And, I have officially drained my bank account.

On top of the fees that come with the start of a new school year, my monthly expenses are a little outrageous. Rent, gas, groceries, and social activities can add up fast. 

Anyone else feeling the squeeze?

Wouldn’t it be great to save a couple hundred dollars before the end of 2016, or maybe just cushion your account for the holiday season? Then join me for a little savings challenge!

Starting in October, I’m challenging myself to save every day. It begins with a simple $.25 on October 1st and increases by $.25 every day until the end of the month. By November 1, I will have saved $124!

I know I could use an extra $124 in my savings every month. How about you?

Below you can find a table outlining the challenge. I know at the end of all of this, I will be thankful I started!

DAY DEPOSIT BALANCE   DAY DEPOSIT BALANCE
1 $0.25 $0.25   17 $4.25 $38.25
2 $0.50 $0.75   18 $4.50 $42.75
3 $0.75 $1.50   19 $4.75 $47.50
4 $1.00 $2.50   20 $5.00 $52.50
5 $1.25 $3.75   21 $5.25 $57.25
6 $1.50 $5.25   22 $5.50 $62.75
7 $1.75 $7.00   23 $5.75 $68.50
8 $2.00 $9.00   24 $6.00 $74.50
9 $2.25 $11.25   25 $6.25 $80.70
10 $2.50 $13.75   26 $6.50 $87.25
11 $2.75 $16.50   27 $6.75 $94.00
12 $3.00 $19.50   28 $7.00 $101.00
13 $3.25 $22.75   29 $7.25 $108.75
14 $3.50 $26.25   30 $7.50 $116.25
15 $3.75 $30.00   31 $7.75 $124.00
16 $4.00 $34.00      

So, grab a saving buddy and let’s all do this together. Print out the chart and hang it up as a gentle reminder. Happy saving!

**FUN FACT**
If you start this challenge over every month, you will have $620 at the end of February. Just in time for Spring Break…  [you’re welcome] 


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