Comments on Single Guy Money: SingleGuyMoney Savings Challenge

That's a great plan but I spend all my income ever...

2009-02-18T04:36:00.000-05:00

That's a great plan but I spend all my income every month so I've been looking around for ideas on how to gain those extra $'s for saving. For those out there who are interested in how, the answer is cash based living. I came across the envelope spending idea in "WISEBREAD" which get's rid of credit cards and gives extra cash to put into a savings account. The other important thing is to get rid

Hey! Thanks for your nice comments on GRS. This is...

2008-12-29T14:45:00.000-05:00

Hey! Thanks for your nice comments on GRS. This is not a great goal -- it's an great attainable goal, so keep it up! It feels great to get support, so back at you.

my goal is to save up, so to speak, about 10k in 0...

2008-12-16T13:04:00.000-05:00

my goal is to save up, so to speak, about 10k in 09. half will go into my emergency fund and the other half will be used to make huge payments on a student loan, effectively cutting it in half. i have no idea if it'll work, b/c my side job isn't always steady, but i've cut back on expenses and living below my means to try to make it happen. we'll see!

This comes a little late but what is the reason fo...

2008-12-14T02:46:00.000-05:00

This comes a little late but what is the reason for being so cash heavy? What about putting extras towards investments example real estate?

Hmm, I like your challenge. But I would put the mo...

2008-12-09T20:17:00.000-05:00

Hmm, I like your challenge. But I would put the money towards investments and in a savings account. Eventually I want $50k in a savings account, but I won't be there in two years!

Sounds like a mighty big project, but kudos for yo...

2008-12-07T23:16:00.000-05:00

Sounds like a mighty big project, but kudos for your gusto!

I had a challenge for myself last month. I sold off a bunch of items and negotiated a lower price for internet.

In the end, I raised just over $200.

This month, I need to put a few things on Ebay that I never got around to posting. I already sold one item for $40. And we are stashing all our change in our

Good luck with this... My goal for this year was ...

2008-12-06T20:20:00.000-05:00

Good luck with this... My goal for this year was $10k and it's not looking like I'm going to make it -- but just the attempt totally changed my spending patterns for the better...

Now, to ensure that I reach the 2009 goal, I'm on a crazy tight $395 per week automatic savings run...

We'll see how long that lasts (until I can't pay the next mortgage bill, I'm sure), but so

Best of luck with your goal! In our case, we rece...

2008-12-04T21:21:00.000-05:00

Best of luck with your goal! In our case, we recently needed to deplete our emergency fund for car repairs. For the short-term, we need to reestablish our fund to $5000. After that, we need to decide between saving more and getting rid of my one personal student loan.

I am looking to increase my savings + play money(s...

2008-12-04T16:21:00.000-05:00

I am looking to increase my savings + play money(stocks) by 20,000 next year.

i might do this.. see if I can save $25,000 by Dec...

2008-12-04T13:50:00.000-05:00

i might do this.. see if I can save $25,000 by December of 2010.

Impressive to set a 2 year goal, right now I am ha...

2008-12-04T11:44:00.000-05:00

Impressive to set a 2 year goal, right now I am having a hard time to figure out what number I should try to set for that sort of timeline.

Do you really think that you need 20-50,000 saved in a regular savings account? That seems like a huge EF/savings fund that is not getting invested anywhere else. I know that the market is pretty crazy right now and it would have been bad to lose

Good luck, that sounds like a pretty ambitious goa...

2008-12-04T11:31:00.000-05:00

Good luck, that sounds like a pretty ambitious goal! I've been planning on trying to get some money in savings next year anyways. I don't have a set dollar amount in mind yet, but I'm just trying to get a buffer between me and broke! I had a little bit put away, but ended up raiding it to pay off a credit card that was a thorn in my side. Probably should have left the savings alone, but it felt

Okay, I didn't set it up with ING as my credit uni...

2008-12-04T10:16:00.000-05:00

Okay, I didn't set it up with ING as my credit union (Navy Federal) has better rates, but I did set up a automatic transfer. Let's hope it doesn't put me in the poor house :)

That's pretty ambitious - I'm impressed that you a...

2008-12-04T09:24:00.000-05:00

That's pretty ambitious - I'm impressed that you already have so much cash stashed.

Okay, I'm on...I'll set up a (small) automatic transfer to my ING account. And I'll do it now. I'll even post back to let you know that I did!

Wowie. Good luck w/ this. That is one helluva ch...

2008-12-04T09:05:00.000-05:00

Wowie. Good luck w/ this. That is one helluva challenge you are encoutnering. I hope you make it and I will be tuned in for the next 104 weeks!