May 22 2008
Setting a financial goal - together!
Have you ever set a goal to only spend money on ‘necessary’ items for a month? I haven’t, but I have heard of those who have tried, and I’m in awe of them. I’m also thinking about doing it myself. Maybe I should start with a necessary items week, because a month would be hard for me!
The way it would work is that you commit to only spend money on items that are necessary during whatever time period you specify. Your definition of ‘necessary’ will of course vary from mine - but that’s the point. There is no one-size-fits-all budget. You have to find out what works for you.
Anyway, for the goal period, you commit to only spend money on necessaries, and to record all money spent for that time period. Anybody willing to commit for a week with me? A week doesn’t sound like much, but it’s a start. And then it can build to two weeks, then three, and then a whole month! We can do this!
I commit to only spend money on necessary items for the week of June 1st through June 7th. Anybody with me?
One Response to “Setting a financial goal - together!”
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Lately we have been only buying neccessities during the week and then during the weekend allow ourselves to go to a dollar movie or buy a treat or something. I’m surprised at how much we have saved. I watch our checking account like a hawk and usually at this time of the month - in-between paychecks and after having paid bills and such - we are pretty tight, but this time we have much more in our account.
I think I’d be willing to take it a step farther and say only neccessities for an entire week. I’ll have to do it a different week though, because we’ll be in Denver…traveling, eating out, etc. But good luck. I’m excited to hear how it goes.