Saturday, January 15, 2011

Level 17 Strategy and Due Date

I've been coming up with some pretty creative ways to save money in unusal ways. My wife had me buy some Vanilla Extract, but it turned out we already had some. I often would have just shrugged and thought to myself, "Money comes, money goes". I decided to return the bottle and give half to the double project (figured 50% chance we would have eventually used it anyways...) I was also going to meet my wife at a restaurant and then head over to my inlaws. I calculated that I could save $2.56 in gas if I took a bit more time and just drove home first so we could just take 1 car around town. These are great ideas aren't they? They are, but they didn't make me enough money to be ventures above the 1% of the current level. I can only participate in ventures that I believe will gain me more than $3.60 (ie. 1% of the $360 I need to complete this level.

Not to be discouraged, I went to an NHL game last night and instead of paying the $10 for parking, I parked 2Km away and ran in the freezing cold to the game. Since I definitely would have paid the $10 normally, this one all goes towards the project, plus the gas I saved! Also I made one grocery purchase which saved me approx $8. Overall, I have already saved $18 after two days, which is 5% of this level. So I guess this is my strategy - keep hunting for grocery deals while also keeping my eye out for other creative ways to save money, but they have to meet the threshold. I have a feeling this will be the last level this will work for a 3-4 month doubling period. Since I started gaining money two days ago, I will set my new deadline for three months from that date, which is April 13. Actually, that sounds like a terrible date since it is right in the middle of tax time so instead I will give myself an extra month and choose May 13, 2011.


  1. I think you're right - making savings will only get you so far in the challenge. Once you get a few steps further on, the trick will be to come up with enough ways of actually making money. I like your idea of posting due dates for each step - a simple way of forcing yourself to stay focused. I might use this in my doubling challenge.

  2. Thanks. Yes - the due date REALLY made a difference, but the other thing I added was a bi-weekly blog update at a minimum to keep the focus going between levels. I added your blog to my blogroll.