She Strengthens

Saving for Adventure: A Chance-Based Approach

As I reflect on my recent trip to Japan, I’m reminded of the importance of replenishing my adventure savings account. With a trip to Belgium on the horizon, I’m determined to save without compromising my other financial goals. To achieve this, I embarked on a money challenge that would put my financial discipline to the test.

The 52-Week Money Challenge: A Twist

I opted for a modified version of the classic 52-week money challenge, which typically involves saving an increasing amount each week, starting from $1 and culminating in $52. However, I knew that this approach wouldn’t work for me, especially during the holiday season. Instead, I created a chance-based system, where I wrote the numbers 1-52 on pieces of cardstock, folded them, and placed them in a mason jar. Each Friday, I’d draw a number and transfer the corresponding amount into my savings account.

A Deliberate Approach to Weekend Spending

By designating Fridays as my transfer day, I aimed to curb my weekend spending habits. I tend to do most of my shopping on weekends, so I wanted to ensure that I had enough money in my checking account before making purchases. This strategy has been effective so far, encouraging me to be more mindful of my spending and delay non-essential purchases.

The Randomness of It All

The unpredictability of this challenge has been both exciting and stressful. It’s forced me to stress-test my finances, asking myself: Can I cover small, unexpected expenses without disrupting my budget? Am I financially healthy enough to absorb these weekly hits against my checking account? Each successful transfer feels like a victory, and I’ve managed to set aside an extra $276 towards my vacation fund.

Challenges and Setbacks

However, March brought its own set of challenges. With an irregular paycheck schedule, I faced a reduced income, making it difficult to transfer the required amounts. Despite my best efforts, I had to reschedule two transfers, which was frustrating. Nevertheless, I’ll make up for the missed transfers on my next payday, and I’m proud of the progress I’ve made so far.

Lessons Learned and Looking Ahead

This challenge has taught me the importance of flexibility and adaptability in my financial planning. Although it’s been stressful at times, I’ve enjoyed the sense of accomplishment that comes with each successful transfer. As I move forward, I’m confident that I’ll be able to stay on track and reach my savings goals. Wish me luck!