Neat Way to Save Money - $1.00 Challenge - Sitcoms Online Message Boards

JamesG · 06-24-2020, 03:33 PM

I saw some YouTube videos on this called the $1.00 challenge where you save money by keeping whatever $1.00 bills you have by the end of the day for a calendar year (Jan-Dec).

I decided to do this in January and keep my dollar bills in a Keurig Coffee box by my bed. We're almost in July and I managed to save $132, which is roughly $20 a month.

Some people say they do this to use for Christmas money when the end of the year comes. I've also seen the $5.00 bill challenge where people hang on to their $5.00 bills, as well as their singles.

ponytail · 06-25-2020, 06:01 AM

I've been doing that for years. I save a dollar a day and I call the collection my Christmas Kitty. It really helps! I also keep all my spare change, then every 3 months I roll them and take them to the bank to exchange for bills and add that to my Christmas Kitty.

OH Nuts! · 07-04-2020, 07:13 PM

Nice idea & to sweeten the pot you can add loose change leftover too.

JamesG · 07-05-2020, 05:07 AM

Yeah, I've been saving my change for each calendar year for a while now. I mentioned in another thread that I keep my quarters separate as I use them regularly (and also some local stores by me love getting quarters so I may save up to $5.00 or $10.00 and exchange it for cash).

My pennies, nickels, and dimes go in a small tin and I roll them up to take to the bank around the end, or beginning, of the year. I usually have between $25.00 - $30.00 and I deposit it into my savings. Last year I had $45.69 and I deposited $40.50 since I didn’t have enough to fill the coin rolls. The rest went back in the tin.

AB · 07-06-2020, 05:58 PM

What a great idea, I'll give it a try and see how I make out at the end of the year.

JamesG · 07-14-2020, 07:00 PM

Quote:

Originally Posted by AB

What a great idea, I'll give it a try and see how I make out at the end of the year.

Cool.

I'm going to post how much I made out by the end of the year.

I'm trying not to keep a head-count so I will be surprised at the amount, I probably have over $150.00 now.

JamesG · 11-01-2020, 03:22 AM

From Jan. 1st - Nov. 1st I managed to save $221.00 in singles.

I'm going to the bank sometime soon to exchange $200 in singles for $20's. I have another month to go (until Dec. 1st) to get some more dollar bills.

AB · 11-03-2020, 04:45 PM

Quote:

Originally Posted by JamesG

From Jan. 1st - Nov. 1st I managed to save $221.00 in singles.

I'm going to the bank sometime soon to exchange $200 in singles for $20's. I have another month to go (until Dec. 1st) to get some more dollar bills.

You're doing really good. That will come in handy for Christmas. I didn't start until July but I'm hoping it will add up to at least $150 by the middle of Dec. I put an empty cereal box with a hole cut out at the top to collect my singles. I stashed it in the back of the pantry where nobody ever goes.

JamesG · 11-03-2020, 07:24 PM

Quote:

Originally Posted by AB

You're doing really good. That will come in handy for Christmas. I didn't start until July but I'm hoping it will add up to at least $150 by the middle of Dec. I put an empty cereal box with a hole cut out at the top to collect my singles. I stashed it in the back of the pantry where nobody ever goes.

That's still pretty good.

Chocolate Moose · 11-04-2020, 10:34 AM

that's great it worked for you i tried it when my kids were small and ran out of money so many times, i had to stop.

JamesG · 11-06-2020, 04:22 AM

I went to the bank the other day and exchanged 200 singles for 10 twenties. I decided to seal that money inside an envelope and put it back in my singles box so that I'm not tempted to use it.

TVShowAddict · 11-08-2020, 09:10 PM

I always save change, when jar gets full, I take it to the bank, I usually have between $120 to $130 in change

JamesG · 12-01-2020, 03:46 PM

The total from January 1 - December 1, 2020 was $243.00 in singles.

AB · 12-01-2020, 06:11 PM

You did really well, are you going to spend it on Christmas presents or something else? I'm gonna wait until around the 15th to check mine. My aim is for $150 but I'll probably end up short of that total.

JamesG · 12-01-2020, 06:18 PM

Quote:

Originally Posted by AB

You did really well, are you going to spend it on Christmas presents or something else? I'm gonna wait until around the 15th to check mine. My aim is for $150 but I'll probably end up short of that total.

It’s going towards PlayStation 5.

06-24-2020, 03:33 PM	#1
JamesG Freakshow Moderator Forum Icon Join Date: Feb 01, 2008 Location: Brooklyn, NY Posts: 57,159	Neat Way to Save Money - $1.00 Challenge I saw some YouTube videos on this called the $1.00 challenge where you save money by keeping whatever $1.00 bills you have by the end of the day for a calendar year (Jan-Dec). I decided to do this in January and keep my dollar bills in a Keurig Coffee box by my bed. We're almost in July and I managed to save $132, which is roughly $20 a month. Some people say they do this to use for Christmas money when the end of the year comes. I've also seen the $5.00 bill challenge where people hang on to their $5.00 bills, as well as their singles. Attached Images

11-04-2020, 10:34 AM	#10
Chocolate Moose Member Forum 4000 Club Member Join Date: Jan 21, 2007 Location: Brooklyn, NY Posts: 4,901	that's great it worked for you i tried it when my kids were small and ran out of money so many times, i had to stop.
	__________________ How long a minute is, depends on what side of the bathroom door you're on.

06-25-2020, 06:01 AM	#2
ponytail Member Forum 4000 Club Member Join Date: Mar 20, 2004 Location: In Happy, Healthy, Wealthyville Posts: 4,273	I've been doing that for years. I save a dollar a day and I call the collection my Christmas Kitty. It really helps! I also keep all my spare change, then every 3 months I roll them and take them to the bank to exchange for bills and add that to my Christmas Kitty.

07-04-2020, 07:13 PM	#3
OH Nuts! Member Forum King Join Date: Feb 15, 2005 Posts: 133,383	Nice idea & to sweeten the pot you can add loose change leftover too.

07-05-2020, 05:07 AM	#4
JamesG Freakshow Moderator Forum Icon Join Date: Feb 01, 2008 Location: Brooklyn, NY Posts: 57,159	Yeah, I've been saving my change for each calendar year for a while now. I mentioned in another thread that I keep my quarters separate as I use them regularly (and also some local stores by me love getting quarters so I may save up to $5.00 or $10.00 and exchange it for cash). My pennies, nickels, and dimes go in a small tin and I roll them up to take to the bank around the end, or beginning, of the year. I usually have between $25.00 - $30.00 and I deposit it into my savings. Last year I had $45.69 and I deposited $40.50 since I didn’t have enough to fill the coin rolls. The rest went back in the tin.

07-06-2020, 05:58 PM	#5
AB Member Eternal Member Forum Icon Join Date: Dec 26, 2006 Location: The South Posts: 59,428	What a great idea, I'll give it a try and see how I make out at the end of the year.

11-01-2020, 03:22 AM	#7
JamesG Freakshow Moderator Forum Icon Join Date: Feb 01, 2008 Location: Brooklyn, NY Posts: 57,159	From Jan. 1st - Nov. 1st I managed to save $221.00 in singles. I'm going to the bank sometime soon to exchange $200 in singles for $20's. I have another month to go (until Dec. 1st) to get some more dollar bills.

11-06-2020, 04:22 AM	#11
JamesG Freakshow Moderator Forum Icon Join Date: Feb 01, 2008 Location: Brooklyn, NY Posts: 57,159	I went to the bank the other day and exchanged 200 singles for 10 twenties. I decided to seal that money inside an envelope and put it back in my singles box so that I'm not tempted to use it.

11-08-2020, 09:10 PM	#12
TVShowAddict Member Frequent Poster Join Date: Jun 12, 2018 Posts: 298	I always save change, when jar gets full, I take it to the bank, I usually have between $120 to $130 in change

12-01-2020, 03:46 PM	#13
JamesG Freakshow Moderator Forum Icon Join Date: Feb 01, 2008 Location: Brooklyn, NY Posts: 57,159	The total from January 1 - December 1, 2020 was $243.00 in singles.

12-01-2020, 06:11 PM	#14
AB Member Eternal Member Forum Icon Join Date: Dec 26, 2006 Location: The South Posts: 59,428	You did really well, are you going to spend it on Christmas presents or something else? I'm gonna wait until around the 15th to check mine. My aim is for $150 but I'll probably end up short of that total.