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savings goals

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What Should You Do With Extra Money?

Imagine you just received an unexpected gift of money, won a lottery, or your business did much better than expected.  Suddenly you have extra money that you need to decide what to do with.   What do you think you would do with it?

The answer will be different for everyone as we all have different ideas for what to do with extra cash.  Due to our unique situations in life, it might make more sense for some of us to pay down debt, while others should be topping up their emergency fund a bit more.  Still others might be wise to invest in the stock market or start up that business project they’ve always wanted to work on.

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The End Of The Pennysaverblog 100 Day Challenge

Today is the last day of my 100-Day Challenge.  It has indeed been a challenge, but I am really glad I decided to do it as the extra exercise as well as the extra money I have saved has been a positive thing for me.

Since my last update my husband and I went on vacation for two weeks, so for that period of time I did not count my entertainment expenses as we already set aside a vacation budget specifically for that time period.  However, outside of our vacation spending, I was able to stick within my $100 entertainment budget, with money to spare.  We went to the seafood buffet again, so I still have $15 left.  Not bad.  I wasn’t sure if I would be able to do it.  I guess that means today I can go out and spend $15!  Just kidding!

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Pennysaverblog 100 Day Challenge Update 5

Well, this will be my last update until the end of my 100-Day Challenge.  With only 26 days to go, time has really flown by.  I have felt more positive about the challenge lately.  Exercising has become a more normal part of my routine each day. I even went for a walk one day during a break at work, which was nice.  I think I will start to do more of that even after the challenge is over.

My entertainment is down to just $35 now as I went to a concert that cost me $20.  I think I can manage to stick within this budget during the rest of this challenge without too much trouble.

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Pennysaverblog 100 Day Challenge Update 4

There are 42 days left of my 100-Day Challenge, and it definitely is a real challenge for me right now.  I have been struggling to make exercising a priority as it was never really a top priority for me before.  Nevertheless, most days I have still managed to get at least 15 minutes of exercise.   The odd day that I miss I try to make up for on the other days by doing at least 30 minutes or more of exercise.  I do feel a bit like a failure, though, when it comes to the exercise piece of my challenge.

So far I have managed to keep within my $100 entertainment budget.  Since the last update I spent $5.00 on ice cream while hanging out with a friend.  So that means I still have $55 remaining.   I have discovered that it is not easy to stick within this small budget for such a long period of time.  I hope I can stick to it.

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Pennysaverblog 100 Day Challenge Update 3

There are 58 days remaining for my 100-Day Challenge.   I have been doing pretty well, considering the weather is getting beautiful, and my motivation to keep entertainment spending at bay is more difficult now that I am more prone to want to go out.  I have discovered that it is a lot easier to save money during the winter when all I want to do after work is go home and stay warm.

Exercising for 15 minutes a day has been really good for me so far.  I make a point to go for a walk, a bike ride, or just exercise inside for at least 15 minutes and it seems to be making a difference.  I still feel really out of shape, but I think if I persist with regular exercise, even after this challenge is over, I will not regret it.

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