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$20 Challenge 2007
It seems that those who participated in the 2006 challenge would like to continue the challenge in 2007. The rules are going to be basically the same and those that would like to continue instead of starting over are free to do so.
More and more people that visit the forums are asking what exactly the $20 challenge is. Basically it is a challenge of taking $20 to begin and using it to try and create money in some way that you haven't done in the past. The goal is to get you thinking about different ways that you can earn and save money that you aren't currently doing. That being said, these are general guidelines and you are free to make your own rules as you want them to apply to your challenge. If you choose to make adjustments to the guidelines, please take the time to explain exactly what you're doing and how it differs so that those reading don't get confused. For example, some have indicated they would like to continue their current challenge from 2006.
<b>Where</b>: To participate, simply <a href="http://blogs.savingadvice.com/">Begin Your Own Personal Finance Blog</a> and make sure to create a category with the name "$20 Challenge"
<b>Length</b>: 1 year, but anyone can join at any time. Start date is January 1, 2007 with an end date of December 31, 2007
<b>Starting Amount</b>: $20
<b>Goal Setting</b>: On a quarterly basis (every 3 months), more often if desired. This will allow both you and the readers to reflect on what you've accomplished and help keep you on track toward your final goal.
<b>Final Goal Amount</b>: To be determined by each individual
<b>Prizes</b>: This year there will be small cash (or equivalent) prizes (yet to be determined) for the best challenges as voted by the members (not necessarily who makes the most) of the forum with a minimum of $200 being distributed. If finances permit, there will also be some random prizes given.
<b>Other Notes</b>: These earnings should come from ideas beyond what you would have normally done. The goal of this challenge is to motivate you to earn a bit of extra money when you usually would not have and get you thinking about different ways that you can earn money.
If you have any questions or need more specific guidance, feel free to leave comments or questions here.
It seems that those who participated in the 2006 challenge would like to continue the challenge in 2007. The rules are going to be basically the same and those that would like to continue instead of starting over are free to do so.
More and more people that visit the forums are asking what exactly the $20 challenge is. Basically it is a challenge of taking $20 to begin and using it to try and create money in some way that you haven't done in the past. The goal is to get you thinking about different ways that you can earn and save money that you aren't currently doing. That being said, these are general guidelines and you are free to make your own rules as you want them to apply to your challenge. If you choose to make adjustments to the guidelines, please take the time to explain exactly what you're doing and how it differs so that those reading don't get confused. For example, some have indicated they would like to continue their current challenge from 2006.
<b>Where</b>: To participate, simply <a href="http://blogs.savingadvice.com/">Begin Your Own Personal Finance Blog</a> and make sure to create a category with the name "$20 Challenge"
<b>Length</b>: 1 year, but anyone can join at any time. Start date is January 1, 2007 with an end date of December 31, 2007
<b>Starting Amount</b>: $20
<b>Goal Setting</b>: On a quarterly basis (every 3 months), more often if desired. This will allow both you and the readers to reflect on what you've accomplished and help keep you on track toward your final goal.
<b>Final Goal Amount</b>: To be determined by each individual
<b>Prizes</b>: This year there will be small cash (or equivalent) prizes (yet to be determined) for the best challenges as voted by the members (not necessarily who makes the most) of the forum with a minimum of $200 being distributed. If finances permit, there will also be some random prizes given.
<b>Other Notes</b>: These earnings should come from ideas beyond what you would have normally done. The goal of this challenge is to motivate you to earn a bit of extra money when you usually would not have and get you thinking about different ways that you can earn money.
If you have any questions or need more specific guidance, feel free to leave comments or questions here.
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