NOW is the time when most folks reflect upon the past year - what they did right and what they would like to change. I find, upon reflection, that I like to do things MY WAY (oh, so THAT's where my daughter gets it from) and even if MY WAY isn't the "RIGHT WAY" as seen by "normal" society I don't give a flying fig. I will boldly go ahead and make "mistakes" because, hey, they're MY mistakes and/or decisions and I don't like following the so-called norms of society.
Which brings me to Carla's January No Spend Challenge. If you would like to join or read more about it check out Carla's blog "My 1/2 Dozen Daily".
What I love about this challenge is that everyone is free to make up their own rules...see?....I like it already. I can do it MY WAY! (Don't tell anyone but I'd be doing it my way anyways but now I can be both a JOINER and still maintain my own sense of independent weirdness!) How perfect!!
Since I maintain a zero-based budget there isn't a lot of room to squeeze out much extra in the way of savings. But I am going to try. My variable expenses for the month include: gas ($200); food ($400) and Misc spending ($331). My monthly savings amount ($1550) and debt repayment amount ($2000) are technically variable but I would rather cut off my right arm than change them. Well, not really but I am pretty rigid on those amounts as they are tied into my goal of early retirement.
So how will I challenge myself? Right now my EF sits at $1700 and I add $100 each month. BUT in January I am going to try to squeeze out an additional $200 from my variable spending so that by January 31st my EF will stand at a nice round $2,000. That's it! That's my challenge.
To help me reach my goal I will only buy a coffee and newspaper once a week. I will enter NO stores other than the No Frills grocery store. We will use up what we have in the freezer and pantry to stretch our grocery budget and we will have a low-key month to reduce entertainment expenses - I have a new iPad to play with and a LOT of new books to read - so that part should be easy.
And most importantly - I'm Doing it MY WAY!!...just like Johnny Rotten!
Now honestly, doesn't this version put a smile on your face??