My #SavingsPledge Goal

Last week I told you about the Savings.com Savings Pledge where I teamed up with Savings.com and the other Deal Pros to help America save $1 Billion.

In case you missed the scoop on the $1 Billion Savings Pledge, you can read all about it and get pledging yourself. I just thought I’d give you an update of how I’m doing so far.

I pledged to save $100 per week or more. Last week I saved $121.89 by primarily using coupons. So far I’m up to $39.12 this week also using coupons. I’ve also taken other measures to save money like turning up the thermostat and limiting my driving to essential trips. We’ll see how much I’m able to save on electricity and gas by taking these steps.

I encouraged you to build an emergency fund or pay down debt with your savings. I thought I’d share with you this week what I plan on doing with my savings. We are currently building a new house. As of now, the mortgage will be slightly higher than the mortgage of our old house. My goal is to save as much money as I can this fall. I hope that the check we bring to the “closing table” will be large enough that our mortgage will be identical or less than the mortgage in our old house.  That’s my goal. I don’t know if it’s attainable in a few short months but having this lofty goal has me determined to save.

Many of my fellow Deal Pros are determined to save as well. If you thought my goal was lofty, you should cheek out some of theirs:

• Merissa at Little House on the Prairie Living is working towards saving to build a new home.

• Deidre at Cuckoo for Coupon Deals is pledging to be Debt Free in Three Years

• Ruth of Living Well, Spending Less is pledging to save $100 per week in order to renovate her backyard after the destruction of Hurricane Charlie.

But remember, little goals are a great start. Even if you are trying to save $5 per week, that’s a great start towards establishing financial goals. Tiny bits can be a great motivator. As the old adage goes, slow and steady wins the race!

I’d love for you to Pledge to Save! Share your pledge and your plans for the money on the Saving with Shellie Facebook page. I’d love to be able to share some of your goals!

Happy Saving!