Thursday, October 27, 2016

$500 CHALLENGE







Happy Thursday! Most of my pieces I am wearing I have had for quite some time and some are still in stock. I have been finding ways to restyle my fall items. Yaay! It's easy to just buy a new item but more challenging to fall in love again with an older item. Especially if you are keeping up with the latest trends which we all adore:) I have saved myself so much money by doing this. More important than the money is the lessons I have found like "appreciate what you got and you want indulge so much into your wants."

I always desire to keep this blog as a space to where you can be inspired to be the best you externally but most important internally. I want this to be a place where you are encouraged to make better financial choices. Therefore,  through this process I have started a $500 savings project. I did one last year and accumulated $5000 and I just put the earnings in a short term savings account. Therefore this time I'm starting with $500 and every $500 I save I will pile it into a short term savings account and continue this until this time next year. Short-term savings accounts can be used for any unforeseen events, vacations, shopping sprees,  or anything that you don't want to take money from your retirement or emergency fund money to do.  These accounts can also be interest earning accounts therefore increasing the chances of your money working for you.

 A few ways I'll be coming up with each $500 is by styling items I already have; however, I will still continue to shop because I love handbags and shoes:) I will also find different ways to cut expenses, create ways to generate additional income, or many more creative ways to fund this project. However, the challenge is I will not be using any of my business income to do this. I'm a believer that you can always find ways to save money outside of your regular earnings it just takes some creativity and a focus on financial independence. I extend the opportunity for you to join me as well in this project and please update me on your progress, what you are doing to generate the $500 savings each time, and how you plan to use the money once you reach your 12 month goal.

Thanks for reading and Have a wonderful and blessed weekend!

Top: Sophie Max
pants: Antonio Melani
Shoes: Sam Edelman
bag: Furla
sunglasses: Ralph Lauren

16 comments:

  1. Wow! that is so good! Keep inspiring/teaching us how to save, its so important to save for unforeseen circumstances, before I forget you look ravishing!!! Your outfit is so beautiful and that bag, is calling my name! I love it.

    www.tessyonyia.com

    ReplyDelete
    Replies
    1. Hi Tessy! I agree planning in advance is very important. Thank you so much and have a blessed weekend!

      Delete
  2. Great idea for a challenge! Saving is so important and it's great to have a goal like this in mind. It's easier to pass by clothes and shoes on sale if you have a goal amount to save towards! Good luck with meeting your goal!

    Hope you're having a good week :)

    Away From The Blue Blog

    ReplyDelete
    Replies
    1. Yes goals keep us focused especially in terms of savings. Thank you and I pray you have a wonderful weekend!

      Delete
  3. Its a great move girl... Your blog is inspirational and that's the truth... Good you have known the secrets to savings. And I think we are the same people when it comes to bags and shoes... I love them so much.
    Its a good goal you have embarked on and I am keenly waiting...




    www.Brendascouch.com

    ReplyDelete
    Replies
    1. I truly appreciate your kind words always Brenda.all I ever wanted was for this blog to do help and encourage others. I'm so excited to share the ways I have been saving. Have a blessed weekend!

      Delete
  4. Basic and stylish at same time. Pink detail of your bag is perfect on your combo!!! Have a nice day, kisses (and thank you for your visit),
    Eni

    Eniwhere Fashion
    Eniwhere Fashion Facebook

    ReplyDelete
  5. Great post, Tiff! Simply stunning as always!!!!! Love this look girl. You rock! Thanks for the inspiration!
    Much love, Len
    www.lenparent.com

    ReplyDelete
    Replies
    1. Thank you sweet friend! Blessings and love to you

      Delete
  6. You look so beautiful and chic! Adore your white blouse <3

    Sincerely,


    <a href="http://aikocunanan.com/bomber-jacket/>aikocunanan.com</a>

    ReplyDelete