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2016 SAVE MONEY CHALLENGE

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2016 SAVE MONEY CHALLENGE
Swap Coordinator:nsgrammy2012 (contact)
Swap categories: Challenges  Themed  Miscellaneous 
Number of people in swap:7
Location:International
Type:Type 3: Package or craft
Last day to signup/drop:December 30, 2015
Date items must be sent by:December 30, 2016
Number of swap partners:3
Description:

Do you have something big you want to save up for? This is the swap for you! I am not sure, but I just love having money in the bank ready for anything I might choose! What is your dream? Maybe you just want a bigger safety cushion, or you want to buy a piece of furniture...that's up to you!

So, here's what we are going to do.

1) In January, send an email to your partners telling them what you are saving up for in loving detail, and, for fun, how you are going to do it (under the loose board in the bedroom, piggy bank, automatic withdrawal from the bank account...).

2) Beginning January, save an amount equal to the number of the week. There are 52 weeks in a year. So, for the first week we will save $1 (dollar coins are great for this!). For the twentieth week, $20 added to the cash cow. For the forty-second week, we will put $42 dollars in the stash...and well, you can do the math. It comes out to $1378 for the year, or $106 a month, if that math is easier for you. For overseas people, you can choose to do one of the following: save an equivalent amount in your local currency OR follow the concept of the swap and save 1 pound, rupiah, birr, dinar (insert your personal currency)...for the first week, 2 for the second, etc. You decide what works better for you.

IF YOU CANNOT AFFORD THIS LEVEL of saving but still want to participate, please just tell your partner what you are going to do. The amount is not the important part, but rather the encouragement to save whatever works for you financially. The above is a suggestion which is helpful to many and saves a nice chunk by the end of the year.

3) Send an email by May 31 (I will send out a reminder) to your partners letting them know how it is going. Just a little update.

4) At the end of the year, send an email to your partners and let them know how you did. How much did you save? Will you still do whatever it is you hoped to do originally, or has your dream changed?

5) I would suggest that a 5 rating means the swapper sent you 3 e-mails during the year (January, end of May, December) and saved money, ideally $1378 or more. However, we all have personal financial situations which may prevent that from happening. I think if the swapper makes a good faith effort to save, even if they don't get all the way to the amount, they should get a 5. The real point of the swap is to encourage people to save.

There may be a group set up for this swap, but it is up in the air right now. I will send out reminders about the emails to help you remember to do them.

I have marked it type 3 because of the commitment over a year. To join, you must have been a member for more than a year with regular participation in swaps. Ideally your profile will be well-filled and you will have completed at least 20 type 3 swaps. No 3 in the past 6 months and no 1s in the past year. If you don't fit these requirements, and want to join, please PM me.

Swapbot member leilx let me host this swap in 2015 and I look forward to hosting it again in 2016.

Good Luck to everyone!!!!

Discussion

Lucine 12/16/2015 #

You did a great job as a host this year, @nsgrammy2012 Thank you for hosting again:))

kikitrelawney 12/30/2015 #

I'm still too new to join but I'm inspired and may do this on my own! You might try starting with $52 if you can and work down to $1. Then you might get a little interest and the commitment is lighter during the holidays. Good luck all!

nsgrammy2012 12/31/2015 #

Thank you Lucine!

Thank you Kikitrelawney!

Lucine 05/28/2016 #

I'll keep track of the updates here; for me it is much easier to see the progress.

May update received: @mellyrose89

Lucine 05/28/2016 #

May update sent to @sleepingrover2010 @Copperluck and @nsgrammy2012

Lucine 07/26/2016 #

Message received from @Nurse101

I have not received messages from @mariaelisabeth and I probably will not be rated, since she is partially suspended from swap-bot.

nsgrammy2012 09/ 4/2016 #

great idea to keep up with updates here!

nsgrammy2012 11/11/2016 #

Hosting another swap for 2016, hope everyone signs up!

Lucine 11/25/2016 #

Last update sent to @sleepingrover2010 @Copperluck and @nsgrammy2012

Last update received from @mellyrose89

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