52 Week Save Money Challenge: Week Three

52 week savings challenge 3
I had a pretty good 52 week save money challenge this week without having to do much extra work. The savings seemed to just fall into my lap ¬†as I was doing what I would regularly do this week (Wouldn’t it be nice if it was always like that?). I know that most weeks won’t be like this, but I’ll happily take any that happen to come my way. This is where I found savings this week.

House / Pet Sitting

I ended up taking a house / pet sitting job this week for four days. I haven’t taken shorter house sitting jobs in the past because it disrupts my writing having to move all my stuff back and forth, so I prefer jobs where it’s a minimum of a week long. I decided to take them this year because I’m also doing the 52 week money making challenge, and it would be a good way to earn some extra money for that. An added benefit is that I also save money. When I’m at another person’s house I don’t spend nearly as much for utilities at my own home, so that should help lower those bills when they arrive. I’ll have to wait for those savings to appear, but another big savings comes from the fact that I didn’t need to buy any food during the four days I was doing it. Most of the time (as in this case) I’m free to eat whatever is in the house, which means that I save quite a bit on grocery shopping costs for those days. I decided to make this worth $5 in savings per day (although it’s probably worth more) which I added to my fund.

Saved: $20.00

Donated Clothes

I was also offered some nice clothes from the people I ended up house sitting for. They consist of dress shirts, some less formal polo type shirts and light sweaters. I’ve been debating the savings value I should put towards these. I will keep a few of the dress shirts and sweaters while selling or giving away the rest. I’m sure that I will end up using those that I keep, but the truth is that I would have never gone out and purchased any of them had I not been given them. That being said, I will not have the need to buy anything like that in the near future if there are any instances when I do need to wear something like that. I figure that they will probably save me from having to buy something down the line, so I gave it a savings of $10.

donated dress shirts
donated sweaters
donated polo style shirts
Saved: $10.00

Money Jar & Pay to Use My Car

The amount in my change jar this week totaled $3.35 which included the $0.70 left over from last week. I will take $3 to put into the challenge account and keep the other $0.35 in the jar to be added with any other coins I get this coming week.

change jar week 3
I only made two trips this week in my car, so I only needed to pay myself $2. This is actually working out much better than I thought it would. In one trip out and back I accomplished the main errands and things I needed to do. Normally I would have done all those trips over several days putting a lot more miles on my car. The only other time I used the car was getting to the house sitting job. I feel the pay for use of the car has, at least thus far, been an excellent way to cut my costs that I wouldn’t have normally done.

Saved: $5.00

The total saved for the week came to $35. I crossed off this number (below in red) and now have a total of $80 saved for the first three weeks. I did change some of the lower denomination bills in my savings fund for larger bills. I was tempted to do the same with the change, but then I figured I would put it right back into my change jar which I thought would be kind of cheating, so I’ll leave the change until I move it from the tin at home into a bank account.

Total Saved Week 3: $35.00

$1 $2 $3 $4 $5 $6 $7 $8 $9 $10
$11 $12 $13 $14 $15 $16 $17 $18 $19 $20
$21 $22 $23 $24 $25 $26 $27 $28 $29 $30
$31 $32 $33 $34 $35 $36 $37 $38 $39 $40
$41 $42 $43 $44 $45 $46 $47 $48 $49 $50
$51 $52

Goals for the Coming Week

The main goal I had last week was to find the rest of the monthly bills that were missing. I managed to do that before I left for house sitting, so I was able to check that off the list. The other goal was to put together a list of ways I can reduce my electricity bill that I’m not already doing. I did not get that list together (although I should save some in this area since I wasn’t using any electricity for the 4 days I was house sitting).

I plan to put together that list as well as a more comprehensive list of ways to reduce water consumption as my goals for the coming week.

For those participating in the challenge, how was your week three?

The 2014 Challenge
Week One
Week Two

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6 Responses to 52 Week Save Money Challenge: Week Three

  1. Jake says:

    We just started our own 52 week savings challenge for 2014. We’re very excited.

    We’re also putting a little money into bitcoin, but that’s a really low-investment experiment.

    We didn’t have a savings account to get started with it, though, since we had to close ours last year to buy a new fridge. So, we opened a free savings account (no fees, no minimums, and 0.75% APR) online to start. We can even set up automatic transfers on a schedule to keep us on point for the challenge.

  2. Paulette says:

    Week three was the best yet.

    We sold some productivity suite, for $50 and $200 respectively.
    A supermarket had a brand’s whole bean coffee on sale for $5 for 12 ounces yesterday: I bought four bags. We don’t like to spend more than $9/lb. [color=green][b]$7[/b][/color] savings.

    I looked online at a department store’s January sale, found some pajamas the right style, size and price. When I walked over they were an additional 25% off. [color=green][b]$5.45[/b][/color] bonus!

    Delaying the purchase of sturdy, bland socks I used a [color=green][b]$15[/b][/color] certificate from a scavenger hunt prize pack to mend socks, a sweater, and two jackets.

    Saved [color=green][b]$7.60[/b][/color] off tubes of Tom’s of Maine toothpaste.

    That’s roughly $35, but I have some remainder money (we used some software cash on a family pie outing, toilet paper and paper towels: I’d forgotten what they cost outside Costco!) to bump it up to a full [color=green][b]$52.[/b][/color] Not all weeks can be this awesome, and when they aren’t, I can say “at least I have already met a ‘peak week’.”

  3. jeffrey says:

    Well done! Always nice to get that top amount crossed off the chart.

  4. jeffrey says:

    Best of luck with the challenge!

  5. Mppaul271 says:

    I just started the challenge and I will be keeping track of all the savings that come along during the month and make those ‘physical deposits’. I am doing the Mega challenge and have a $75 starting balance. I reactivated a dormant credit union account that will work perfectly. I keep a coin bank also and will deposit the contents into this account at the end of each month in addition to my regular weekly deposits. Any found money will also go directly, do not pass go, into this 52 week mega challenge account. :-)

  6. jeffrey says:

    Great — the mega challenge is quite a challenge, but wishing you the best in reaching the goal.

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