bababear_50
DIS Veteran
- Joined
- Feb 5, 2007
Time to start saving for Disney!
Have Fun
Hugs
Mel
Have Fun
Hugs
Mel
I do something similar to this, called the envelope challenge. I take 100 envelopes, # them from 1-100 and put them in a small plastic box. Then, every week I take 2 envelopes and put the amount of cash inside that reflects its number. Then I seal the envelopes and put them in a different box. If I'm having a week where money is tight, I can choose the smaller numbers, and vice versa. Some people do one envelope a week. If you do 2 envelopes a week, at the end of a year you have $5,050. If I come home from a trip with unspent money, it goes right into the next envelope challenge.
I know it's not the best way (no interest accrual, etc.) but it works for me bc of I leave the money in an account it ends up getting spent on other things.