November's Money Challenge: Reward Yourself (With Savings)
It's November, which means it's time for another brand spanking new
Here's how it works. First, pick a goal you're working towards, whether it's writing a book or trying to stop smoking or going to the gym . Then, every time you work toward that goal and make progress, "pay" yourself a set amount of money depending on your budget.
It can be a dollar; it can be twenty dollars. For example, let's say it's your goal to work out more and that means going to the gym three times a week. Every time you make it, vow to pay yourself $5. With this challenge, not only will you work on better habits, you'll also earn some extra cash in the process. (Just in time for holiday spending.)
This month's challenge is also a great way to get a head start on your New Year's resolution. And there are apps that can help with this challenge, too. For example, Tip Yourself is designed for this very purpose. When you work towards a goal, just pull out the app and "tip" yourself a few bucks. Savings app Qapital can even link with IFTTT to help make the process automatic.
If you accept our challenge, tell us:
What your goal is and what you plan to do daily, weekly, etc., to make that goal happen.
How much you plan to pay yourself every time you work toward your goal.
How much you hope to have by the end of the month.
As always, we'll check back in at the end of the month. Happy saving!