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Play the Savings Game on MoneyRates.com

May 26, 2010

| MoneyRates.com Senior Financial Analyst, CFA

MoneyRates.com recently posted an article called Building Savings Rates, Keeping Score: The Savings Game. This article outlines a system for keeping score on your financial responsibility, and now MoneyRates.com invites you to share your scores with the MoneyRates.com audience.

The system is simple: points are awarded for positive actions such as getting a job, shopping for bank rates, and building savings rates, while points are deducted for negative actions such as exceeding your budget or missing a debt payment. Naturally, people will accumulate different amounts of money based on their professions and incomes, but the idea of the Savings Game is there are ways to score points at any income level. The Savings Game measures financial habits, for better or worse.

So how do you score on the Savings Game? Go through the scoring system based on your financial history, and post your score in the comments section of this blog. We want to get a feel for how our audience is doing when it comes to practicing good financial habits. We'd love to see high-scorers who set a good example, but we're also interested in people who have lower scores and can comment on what tripped them up.

Often, developing good financial habits is a matter of experience, and by sharing your scores and stories we can all benefit from the collective experiences of the MoneyRates.com audience. So, post your score below, along with any comments you'd like to share about how you got there.

Let us know today -- how are you doing at the Savings Game?

Your responses to ‘Play the Savings Game on MoneyRates.com’

Showing 5 comments | Add your comment
Penny Stocks

31 October 2010 at 10:28 pm

Very good and useful things that you have written in your blog.

http://www.pennystockville.com/

Penny Stocks

31 October 2010 at 10:28 pm

This is probably one of the best article. I have read in a long time.

Richard Barrington

26 May 2010 at 10:06 am

Don't worry Brad -- anything in positive territory is a good start, and a baseline to build from. Don't let LP's score intimidate you -- my sense is that 25 is an excellent score. Now let's see if someone can beat it!

Brad

26 May 2010 at 9:49 am

Eek! I only got 8 points. Great post, it got me thinking about wrangling in my finances this morning. Thanks!

LP

26 May 2010 at 9:14 am

25. But I'm pretty far from retirement (I've done the usual calculators to make sure I'm on the right track but haven't done a detailed in-retirement expense calculation) and I'm not planning on buying a house soon, so I imagine this score could improve a lot in the next 5 - 10 years. And no negative points, thankfully.

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