Play the Savings Game on MoneyRates.com
May 26, 2010
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?