Tuesday, November 6, 2012

Sealed Pot Challenge

Do you remember reading about the sealed pot challenge last year? SFT over at SFT's Life After Mortgage asked those who wanted to participate to find a jar or pot, put a hole or slot of some sort in the lid (for putting money in) and sealing it closed.

The idea is to add bits and bobs of money to your pot to accumulate over the year for a special treat of your choosing. Some folks are using it for a weekend getaway, others will use theirs for Christmas or New Years, and others won't make that choice until they know how much money is in their pot.

Reading back over SFT's posts, I realised that I never officially signed up last year, although I did get a tin ( a Christmas Kit Kat tin with slot already provided). I had taped the lid shut, but at some point over the year, I opened it and never resealed it. To be honest, I can't even remember what I opened it for (I presume I needed cash for something). I know I stopped adding to it for awhile because money was really tight. But I have since started adding to it again.

Well, the time is almost upon us to open our little jars of gold and see what we have managed to squirrel away over a year. I believe I had said (wherever I posted it) that I would like to purchase meat to fill the freezer to get us through the winter. Another post, I mentioned that I was waffling between a meat purchase and making an additional contribution to my RRSP. I'm still not sure what to do with the money. Both are really good ideas.

Have you done a sealed pot/tin before? If not, would you consider trying it?


  1. I did it, and opened mine maybe a week or two ago. Looking at other people's sealed jars makes mine seem small and insignificant, but I was very happy with the results. Definitely doing it again next year. Looking forward to your totals and what you plan to do with the money!

  2. I started mine on Jan 1/12, and it is still sealed and weighs about 16 lbs. I'm guessing there's about $200 in it. We'll be opening and counting on Dec 31st.

  3. I am going to open mine December 4th. I can hardly wait! Mine weighs over 32 lbs right now!