Tag Archives: so poor

The 52 Week Savings Challenge

16 Jan

A friend at work told me about the 52 Week Savings Challenge. She wasn’t really making sense so I googled and learned immediately what it is and that some people love it and some people hate it. Of course. *rolls eyes*

Basically it has you putting money aside every week and by the end of the year you will have saved $1378. Pretty crazy huh?

Whatever week of the year it is, that is how much money you put aside. So the first week of the year you put $1 in to savings, the second week of the year you put $2 in to saving, all the way up to the 52nd week of the year where you put $52 in to savings.

From my understanding, the weekly contributions are supposed to help teach you to always put money away, on a regular basis, and by gradually increasing the amount it is supposed to be less painful because it is just a dollar more than the week prior. Kind of like 30 Day Squat challenges where you think no way in hell can you do 85 squats but when you are doing your squats you realize it is only 5 more squats than you did yesterday and if you can do 80 than hell yeah you can do 85.

The challenge intrigued me so I started reading people’s blog posts about it.

Like I said earlier, some people love it, they think it is a great way to save money. Other people had quite the list of reasons to not like it…

  1. in the month of December, when you are already spending a crap tonne of money you have to manage to put aside $202
  2. most people will hit a point in the challenge where the numbers are too big to be putting that kind of money aside every week
  3. you can get the same amount saved by the end of the year if you put aside $26.50 a week, which would be easier to manage budget wise (my mom pointed this one out)
  4. most people will at some point have something unexpected happen that will throw their budget for a bit of a loop making it hard if not impossible to put aside the weekly amount
  5. the challenge says to put the money in a jar or piggy bank so you can watch it grow, it is good motivation to keep going, but this means you don’t earn any interest
  6. some people said you should do it in reverse, make the large payments in the first weeks of the year, so that you get the more painful months over with first

There were other reasons people didn’t like it but those were the ones that stuck with me. They do make a point, but the challenge still intrigued me and I kinda want to give it a try, but heaven forbid I do something exactly how it is laid out lol no no no, I have tweaked it to work better for me, cause why not? ๐Ÿ˜›

First I printed off one of the many printables you can find online to track the money you put aside. I picked one I liked the look of because then I would find it enjoyable to look at it, rather than finding the paper boring.

52 weeks saving challenge

I found this one at http://www.100directions.com

Then I made the decision that instead of following the order the challenge puts forth, so $1 in week one, $2 dollars in week two and so forth I am going to play it more like bingo. Where, what amount of money I put aside each week is decided based on how my finances are doing that week. So if I’m having a particularly poor week I’ll put in one of the lower amounts, if I am having an ok week I’ll put in one of the higher amounts. This means each month will have a combo of larger deposits and smaller deposits, making it easier for me to manage financially. Oh and I’m not putting it all in a piggy bank. Some goes in a piggy bank (I have an adorable one) and some gets transferred to my savings account. I’ll make the decision based on if I have the cash on hand or not, which means more often than not I will be transferring money to my savings account because I almost never have cash on me, I prefer plastic lol ย This will give me the chance to watch the money grow in the piggy bank but also have some of the money earning me interest.

To keep track of where the money went (piggy’s tummy or my TFSA) I am writing a little note at the side of each deposit that I have completed with either P.B. or TFSA, fairly straight forward, shrug.

I don’t know if it will work, it would probably be better if I waited until after April to attempt this because that is when my car payments are finally done and I’ll have more money at my disposal but I’ll try and see how it goes. There is no rule saying I can’t re-start it later in the year if I have to stop at some point and have my money saved up in time for say, summer vacation (of 2017) rather than Christmas of 2016.

Ahhh the joys of making things work for you rather than conforming to the pre-existing template. ๐Ÿ˜€

Good and Bad

4 Jan

Don’t you hate when you get some bad news and then some good news so close together that you can’t figure out which one to think about?

I mean sure you want to think about the good news, cause who wouldn’t rather be thinking about good things but if you are like me you sometimes ruminate on the bad thing that just happened to you and switching to thinking about anything else can be challenging.

Maybe that’s just me though?

The Bad News:

This afternoon I had a follow up eye appointment to see how well I had improved since an incident I experienced right before I went home for Christmas.

Quick-ish recap!

I stopped being able to see properly. Even when wearing my contacts everything was blurry and I was unable to focus. Anything bright hurt to look at and any type of screen became torture for my eyeballs. The eye doc made me wear my glasses, ugh, and put me on eye drops, and told me to come back after my trip for a follow-up.

This afternoon I had my post-trip follow-up and was informed that my eyes have max 6 months left of being able to wear contact lenses before the irritation to my corneas becomes dangerous.

Six months.

wtf?!

So I am supposed to wear my glasses when I can, the doc actually said she medically advises me to wear only my glasses but as a friend she understands that isn’t totally possible right now because of them being so old etc.

She also highly recommends laser surgery. As in, super highly, she wrote me a referral for a consultation to go see if I qualify and to get a cost for the procedure so I know how much money I will have to magically make appear. She estimates for both my eyes I’m looking at about $2900.

Cause yeah, sure, I totally have that kind of money just lying around.

my eye

See those eyes? They are decorative, NOT functional! lol

The Good News:

I’m walking back to my car after that gem piece of news when I check my phone and I have a voicemail from my agent. He had submitted me for a commercial and going off of head shots and previous work they want to book me so I am filming a commercial Jan 12th!

OMG yay! ๐Ÿ˜€

Normally when I book something I get so excited that basically becomes the only thing I think about, and don’t get me wrong, I am super excited! But I keep going back to thinking about how I only have 6 months left for contact usage for my eyeballs and glasses just aren’t an option for me as a full-time thing which means I am relying heavily on being a good candidate for laser eye surgery but even if I am a good candidate I have no idea how the hell I am supposed to find the money for it, within 6 months.

Anybody want to buy one of my kidneys? Or my hair? Or some other part of me? I wouldn’t recommend buying one of my eyeballs since they are pretty much useless. ๐Ÿ˜‰

I know there are financing options so I can spread the payments over 3 years, or maybe she said not have to pay for 3 years, I can’t remember which is it…but I am still paying off my car so no way anybody would say yes to letting me finance the cost of surgery. My car payments will be done end of April so if my eyes can wait until say, end of May, maaaaybe I can swing financing, I don’t really know though, I’m not good at money stuff like this…

I am going to call my insurance company once I’ve had the consult and know how much it will for sure cost to see if they will cover any of the expense but I dunno, of all the people I know who have had laser surgery only one had an insurance policy that actually paid part of the surgery, the other companies said no.

Arg the stress!

Ok, you know what, I just have to focus on the good stuff, the booking of a commercial that doesn’t pay all that much but will be good exposure and good to put on my resume. Maybe it will lead to something that will pay well and then I’ll be able to afford the surgery!

Positive thinking people! Positive. Thinking.

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