24 in 2024: Save $24 per week/month

Challenges
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2024 is almost here and everything is going great, right??

We are continuing the 23 in 2023 challenges but have slightly adjusted the goal post for a new year - by $1!

Save $24 per week or $24 per month (whichever makes the most sense to you.)

If saving $24 per week or per month is easy for you, please check out one of the other challenges ALL get the same sticker, but the threads will have people at similar income/challenge levels.

If you can attempt the harder challenges, you may not join this challenge! But if you push yourself to try the 24% and life happens and you drop out of a bigger challenge I will welcome you with a big hug (credit to @Elle for that paragraph).

Basic rules:

  • The goal is to save $24 per week or month!
  • You can have a makeup month if you need it because life is hard.
  • If your income is not in USD, you can choose to save 24 in your currency (i.e. €24, $24 CAD, $24 AUD) OR save the equivalent to $24 USD (i.e. currently €22.20, $32.60 CAD or $36.62 AUD). Just state the path you’re choosing!
  • You can combine any type of savings: emergency fund, investing, debt repayment - to reach your goal.
  • You can choose household or individual savings, whichever you prefer.

What do you get:

  • Support on this thread as you go along - post weekly, monthly or quarterly check-ins as appropriate
  • A forum badge when you complete your goal for the year
  • A sticker mailed to you for participating towards your goal for the year
  • A shoutout on the podcast or livestream for reaching your goal

Please Tag @anomalily when you hit any goals so we can get you your badge!

Here’s all the 24 in 2024 Challenges:

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I am joining this challenge! But I am doing a modified version, 240$ per week instead of 24$.
240$x52 weeks= 12480$

At the end of September, I was at 7184,57$.
7184,57/12480=57,6% of my goal at 75% of the year.

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October update!
Total gross income: 6616,64$
Pension: 395,95$
RRSP: 200$
Cash savings: 2356,11$
Total savings: 2951,36$ —44,61% savings rate! :money_mouth_face: (3 paycheck month)
YTD total savings: 10135,93$ — 22,17% savings rate for the year.

10135,93$/12480$=81,22% of my goal at 83,33% of the year!

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Here’s the november report!
Total gross income: 4350,68$
Pension: 263,50$
RRSP:100$
Cash savings: 598,93$
Total savings for november: 962,43$ --22,17% savings rate
YTD total savings: 11098,36$ – 22,16% savings rate for the year.
11098.36/12480$=88,93% of the goal at 91,67% of the year.

The suspense is on for December: will I make it? :sweat_smile: With all the Christmas spending, I don’t think so, but we’ll see! I am happy nonetheless with the money I saved this year. We are waiting for a retroactive salary augmentation that was negotiated by my union. If I receive it, it might offset all the Christmas spending. Fingers crossed.

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Woooot

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