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minimumwager (minimumwager) wrote in poor_skills,

Challenge Results Compared

Some of you may remember that I did a short series of challenges Penny-a-Day, Dime-a-Day, and Dollar-a-Day.  The challenge was how would you get the most out of $3.65, $36.50, and $365.00 after saving them over the course of one year.  One of the things I was interested to see was how people thought about money would change as the amount changed.  Here's a chart that kinda sums up the results: 
 

 

 

 Penny-a-Day
$3.65
Dime-a-Day
$36.50
Dollar-a-Day
Savings 2 1 4
Debt Repayment  1 4
Investment (Stock) 1  
Entrepreneur Idea 1  
Education 1  2
Food 5 3 
Medical 1 1 
Clothing 1 3 1
Transportation  1 1
Other Necessities 1 3 
Travel (other) 1  2
Entertainment: Travel   5
Restaurant 2 3 1
Technology   6
Entertainment: Books 1 2 3
Luxury  1 1
Entertainment (other) 4 4 3
Gifts/Food for others 5 1 1

 

 

 Edit: LJ keeps eating chunks of this post...third times the charm maybe...

This is not the most scientific chart.  Some people gave multiple answers, and I don't know if everyone would agree with how I counted...but I think you can still see some trends    What I found most interesting was the lack of entreprenuer ideas at the $365 level.  While the only true business idea (buying candy to resell for a profit), was at the $3.56 level. There were some creative ideas for generating more than you would otherwise expect for the amount from Penny and Dime challenges.  At the $365 level, answers seem more conservative, savings and debt repayment.  We also seemed to be more generous at smaller amounts.

I'm not saying that's good or bad, just interesting.

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