The first challenge we will be embarking on is one that is going to get us on track to start saving money from the get go. We are all coming off a spending heavy month. With Christmas shopping, parties, eating out, etc, the month of December can start to really thin out your wallet or bulk up your credit card, depending on if you paid with cash or not. With that in mind, I thought it would be great to start 2017 off with a spending freeze. I did this a few years ago and last June. Each time it was a real hit. I love the opportunity it gives me to refocus my attention back onto keeping our finances organized and in the black.
Having a whole month dedicated to spending as little as possible, also enables you to put your spending in the spotlight and get you back in the budgeting frame of mind for the new year. I think every once in a while we need a refresher, to make sure we are spending money wisely.
This challenge is one that has little rules. The only rule is to save as much as you can. Everyone will save a different amount. We all have different budgets, that are personalized for the people living them. If you can not do a complete "No Spenduary" aka "Spending Freeze" then pick one thing you want to cut back on this month. Maybe it is those coffees you get from Starbucks in the morning. Cutting out Starbucks and going for a thermos full of homemade coffee, will save you tons! If you spend $2 a day on coffee and you forgo that expense this month. You would have saved $62 over 31 days! That's amazing! Remember that every penny adds up. Money not spend, is money saved.
This first challenge will be something we participate in all month long, but this week we will really be focusing on how to make do with what we have. I always find I start to recognize my urges to shop when I do a spending freeze. Most months I don't even think about it, but when I take the time to put a hold on the shopping, I see where my weaknesses are and what I need to work on....or resist...like those dang kindle books and ebay shopping ::wink wink::
Be sure to follow me on my channel, Facebook, Twitter, and Instagram for daily inspiration. Let's start 2017 off with a bang and save some dinero :)