$20 2020 challenge

#1

I’m making my own 2020 challenge. Here are the rules (subject to change based on my whims):

Commit to saving $20 per week or per month in a hard to access or tax advantaged account.

Keep me updated on your success!

If you are able to attempt the harder challenges you may not join this challenge! But if you push yourself to try the 20% and life happens and you drop out of a bigger challenge I will welcome you with a big hug.

I don’t have the authority to grant stickers, but I will provide monthly trophies. These will be late, or done by a substitute the month I produce an heir.

You can have a makeup month if you need it because life is hard.

***This challenge is for you if you are new to saving/investing, very low income or still paying down debt, a minor, prone to a traitorous body or big kid changes. With all those hurdles, it is super amazing to contribute 20/month to one or more big account.

11 Likes
#2

Okay- my goals, based on my mat leave money, unknown cost of a baby etc.

In 2020 I will contribute
$20/month to my RRSP
$20/month to my TFSA investment account

When baby elephant shows up and gets a SIN number and government money, zey will contribute $20/month to their RESP.

6 Likes
#3

I like this.
Thanks.

With all the things that have landslid on me the last few months, I was feelin’ a lil sad about not being able to do the other challenges.

So. I’m here!!

Mine are going to change every month or so, but here’s what I want to contribute to!

Extra $20 to my IRA
Extra $20 to my Pet Emergency Fund to rebuild
Extra $20 to my Vanguard

I’ll rotate those three and maybe even do all three in one month if I can, on occasion.

Yay!

10 Likes
#4

Am I allowed to cheer but not participate? If not I’ll delete this :slight_smile:

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#5

You may be our cheerleader!

1 Like
#6

:confetti_ball::tada::balloon:

#7

I can giiiive you the authority to grant badges (and a lil tutorial) if you want… :wink:

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#8

This is a grantable superpower? Is in awe

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#9

Oooh can we work on this in January? Thank you!

#10

Yay, a challenge I think I can actually do! I will commit to adding $20+/month to my Roth IRA, as long as it is okay for it to happen in inconsistent lumps. I have trips planned for March, April, and May/June that will increase my spending and decrease my income for those months. But it should still total at least $240 for the year.

3 Likes
#11

Yay!!! I’ll edit the top post right before January to show all our goals. And you are lucky number 3. My favourite number.

2 Likes