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$20 Challenge?

June 21st, 2006 at 02:39 pm

I have looked every where I can possibly think of for information on this, but to no avail. Since everyone seems to be doing it, I'll just go ahead and ask:

Can someone please explain what, exactly, the $20 Challenge is, and where can I find the information on when this thing first started?

Thanks in advance.

Posted in Uncategorized | 4 Comments »

4 Responses to “$20 Challenge?”

  1. Thrifty Ray Says:
    June 21st, 2006 at 02:52 pm 1150901538
    1150901538

    Try following this link:

    Text is http://www.savingadvice.com/forums/showthread.php?t=12944 and Link is
    http://www.savingadvice.com/forums/showthread.php?t=12944
    I think this is what you'ree looking for!!

    When your done reading, consider joining in!! Its fun!

  2. scottish girl Says:
    June 21st, 2006 at 02:53 pm 1150901601
    1150901601

    I think the aim of the $20 Challenge is to turn $20 into $5000. You start with $20 and add to it.I think most people are using savings from coupons and putting it towards the challenge.

  3. ima saver Says:
    June 21st, 2006 at 03:08 pm 1150902538
    1150902538

    It started on Jan. 1st, but you can start at anytime. You start with $20 and add to it anyway you want to. I pay myself for walking a mile $1, 20 flights of stairs, $1, if I stay home and don't use gas, $1. If I clip a coupon or use my advantage card, whatever I save goes into the challenge account. I save all my change and take it to the bank every few months. Any unexpected money that comes in, goes into the challenge account money which I keep track of, on paper. (I put the money in the bank once a month)
    A big one for me is my elec. bill. I budget $160, but if the bill isonly $80, I put the rest of the money in my challenge acct. Come on, join us!

  4. lrjohnson Says:
    June 22nd, 2006 at 02:14 am 1150942497
    1150942497

    Part of Jeffrey's description is "Other Notes: These earnings should come from ideas beyond what you would have normally done. The goal of this challenge is to motivate you to earn a bit of extra money when you usually would not have and get you thinking about different ways that you can earn money."

    I think some people count a lot of money toward the challenge that is money they would have gotten anyway. Me, I try to only count what I saved because of the challenge. I think they ways you've picked fit the idea-I just wanted to put in my two cents.

    For example, one person "saved" money going out to eat by being invited to a friend's house. To me, they wouldn't have not accepted the friend's invitation prior to the challenge!!! But, if they stayed home instead of going out to eat, that's a savings.

    I can be picky sometimes.

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