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30 Day Money Savings Challenge

January 25th, 2015 at 02:55 am

OK. $465 in 30 days?

I realize this is a lofty and very ambitious goal for me... But I just can't resist trying!

If I fail, I'll probably learn what I'm spending or wasting my money on... which will then teach me how and where to make adjustments. Yet if I meet my targeted goal, I not only save a nice chunk of money but learn to develop some discipline and God knows what else? It'll be win-win either way.

Posted in Budgeting, Personal Finance, Saving Money | 10 Comments »

10 Responses to “30 Day Money Savings Challenge”

  1. snafu Says:
    January 25th, 2015 at 07:35 am 1422171336
    1422171336

    Sorry, I don't understand...you plan to increase income by $ 15. per day or reduce spending or save from various obliged spending, cost avoidance on paper only or ??? And once you have $ 465. how do you plan to use it? Is it to start an Emergency Fund, Retirement contribution, or money for a splurge?

    We often suggest tracking spending by using a free program like www.mint.com. It a very valuable lesson to force yourself to be targeted and disciplined for an entire month...will it be revealing? I'm lazy, I only allowed spending when specific bills were due! Had to monitor driving as I only bought gas on 1st, 15th and 30th of the 1st month I tracked. It got easier as I continued and got more motivated.

  2. VS_ozgirl Says:
    January 25th, 2015 at 08:48 am 1422175687
    1422175687

    You never know your luck, hope you do well Smile

  3. Ms. Voluptuosity Says:
    January 25th, 2015 at 04:23 pm 1422203036
    1422203036

    Hi Snafu!
    I'm using this challenge to extend my savings a little more than I normally do. I want to see how much I can save if I'm really conscientious about it. It's not so much what it's for (bills, additional line of savings), as much as it is about going through the process. I need to experience what I would change to reduce spending, in order to accumulate targeted money in 30 days. Thank you for the tip on mint.com, I already use it and refer my friends to it.
    Cheers!

  4. Ms. Volouptuosity Says:
    January 25th, 2015 at 04:26 pm 1422203186
    1422203186

    Thank you very much for your encouraging words, VS_ozgirl! Peace Smile

  5. Ima saver Says:
    January 25th, 2015 at 04:59 pm 1422205197
    1422205197

    Welcome, glad you have joined us.

  6. Ms. Voluptuosity Says:
    January 25th, 2015 at 05:05 pm 1422205549
    1422205549

    Ima saver: Aww, that's very sweet! I'm grateful for your kindness!

  7. Amber Says:
    January 25th, 2015 at 06:47 pm 1422211663
    1422211663

    Welcom and wishing you much success Smile

  8. rob62521 Says:
    January 25th, 2015 at 07:58 pm 1422215908
    1422215908

    Hope you are successful.

  9. Ms. Voluptuosity Says:
    January 26th, 2015 at 02:32 am 1422239529
    1422239529

    Amber and rob62521,
    Thank you for your kind thoughts! Smile

  10. Joan.of.the.Arch Says:
    January 28th, 2015 at 02:50 pm 1422456657
    1422456657

    Welcome! Reading your entry of January 27, I thought I'd back up to your first entry and see what this is all about. If you find out it is possible to save $15 per day, that would be great. Even if you do not sustain it in the month following, you would always know that you could go back and do it again to increase savings or to target the money for something more important....We're cheering for you!

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