Brother Lou had a great idea last night and I thought I would share it. He suggested that for every pound I lose I take $10 in cash and squirrel it away in an envelope to save for my new bike purchase. I explained to him that it is adorable that he thinks my new bike is only going to cost $550 but is is still a great idea and I think I am going to implement it.
So every Tuesday when I weigh in I will track my progress and put aside $10 in cash for that weeks loss. It will be nice to see the money growing and know the great reward I will have at the end.
6 comments:
I think that is a good beginning. In general, I am reluctant to recommend or support rewards that may have a significant impact on other areas of trouble ... if you are set on this reward, I would recommend $20 rather than $10. You might also be able to use that as leverage when it is time to go shopping: some stores might be considerably more willing to bargain if you are arriving with cash.
I would also suggest a safe rather than an envelope (for obvious reasons, I hope, and yes, you can get a pretty good safe for a reasonably low price).
I think saving to buy stuff is a good idea. But don't you think that saying that it is cute that your bro thinks your bike is only going to cost $550 is a bit much. That is a lot of money to some people and you kind of make it sound like you don't think it is. Maybe you don't or Maybe you didn't mean it that way, but that's how it comes off.
If you reach your savings goal by BGI's Labor Day bike sale, you possibly could get a deal on that Trek road bike. I've noticed sometimes that the greatest savings at that sale are on the road bikes. Probably because they are aware that they are overpriced.
@Anonymous...I don't think saying it is cute that he thinks it is only going to cost me $550 to purchase my new bike is disregarding the value of money. I think it is knowing what kind of bike I want next and understanding the cost associated with it. Look at a new car for example. What if I say it is cute that my brother thinks I can get a new car for $5000, would that be undervaluing money. No, because it is silly to think you can get a brand new car for $5000 when a bare bones new car is about $10,000. I think it is important to know your product and the current economic market.
I know I want a good road bike and this new purchase will cost me about $1000, which in some circles is still inexpensive for a new bike.
Biking is my passion and I am very happy to spend my hard earned money pursuing this passion and working towards improving my skills.
@Z...I do think a safe might be a good idea. I will keep an eye out for one.
@Moore...I will keep the BGI fall sale in mind when I get ready to make my purchase.
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