Hint of the Week Competition
We are now giving away one 12 month membership per week to the person who donates the best tip to the Savings Vault. Everyone can enter. If you are already a member you win an extra 12 months added on to your existing membership.
This week Juskas Harmoniously Geeked has won 12 months membership to the Savings Vault with this great hint:
1% savings rule makes debt reduction less daunting
I have found reducing my mortgage to be far less of a daunting task since I put my savings into baby steps. I focus on saving just 1% of my mortgage total. Whatever number this equates to, I then make as many cuts as I can to save that number - for example, if I'm about to pay $5 for a Frappe, I stop and think how much that $5 is worth to my 1% instead and this makes me change my mind. I would like to think that over the next 10 years I will save this 1% figure 100 times. This can be applied to your mortgage, personal loan, credit card or whatever - all you need to do is work out 1% of your debt to get your own figure. I have found that once you start keeping that number in mind, it doesn't take many exchanges in decisions to get to that 1%!
The best way to win a membership is to write helpful, interesting, unique and error free hints. You need to include how much money you saved, how you saved it, what you did and how much you paid. The more detail you provide the more likely you are to win a 12 month membership.
You do not have to answer all the questions to enter the competition. Each hint entered is judged separately. If you send 5 hints. They will be considered 5 separate entries. Which means you have a much higher chance of winning by entering one or two top quality hints than if you entered twenty brief, vague tips. Quality is everything!
If you do not have an answer to a question, or it does not apply to you, please leave it blank.
Thanks for giving it a go. Good luck!