Saving $200,000 in 6 Months? These Women Did It.

MP Dunleavy wrote an article on MSN about How to Save $200,000 in 6 Months. The title is a tad misleading at first, because it’s actually about a group of about 60 women that were able to save that much money in 6 months. But the article itself brings up some great points about the power of online support to help you reach your goals.

Lindsey Garver…helped to launch the Women in Red Savers thread, a message-board support and discussion group for anyone who wants to save for any reason, including those who don’t think they can.

“The main purpose of the thread is to get people excited about posting even a small amount,” Garver says.

[via MSN.com]

I think that was an awesome idea that Lindsey had, and there’s much to be said about finding others who are working towards the same goal and offering support to each other. With the internet, a group like that is only a click away.

I can attest that my blog has been the main tool for me to work towards our goal of paying off our debt. The accountability and the support from readers make me want to see this through (thank you!). In the end, I want to have one of those happy getting out of debt stories and that can’t happen if I quit before then.

I know blogging isn’t for everyone, but maybe you’d like to give something like the Women in Red Racers (racing to pay off their debt) or the Women in Red Savers (working to save money) a try. It doesn’t cost anything to try and who knows? Maybe having a little bit of online support can help you reach your goals.

Thanks Sheri for sending me the link!

Posted by Tricia on July 14, 2007 at 10:37 PM in Saving Money | 3 Comments »
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Kaye C responded:
Posted: July 15th, 2007 at 2:16 pm
Just wanted to comment that I love reading your blog. I also am not sure if you’re getting my emails? If not, I received the book, thank you!
Matt responded:
Posted: July 15th, 2007 at 9:56 pm
Reading blogs where others are going through the same trials and tribulations while they try to pay down there debt is definitely very uplifting. I’ve always liked a bit of a challenge so seeing how well others are doing is spurring me into trying harder. It’s definitely a great source of inspiration.

Keep up the great blogging.
Dana responded:
Posted: July 22nd, 2007 at 3:52 pm
I just found this site and I am very encouraged by what I’ve read so far.I felt so inspired I transferred some extra money to my savings account this morning.