The Smart Money Savings Budget / 30 day Challenge
The Smart money savings budget / 30 day challenge is only meant to keep you on track with your monthly income and monthly out go. How many times do you go into your wallet and ask yourself, where did I spend all that cash? Making new habits of writing everything down as soon as you spend it will make you very aware of what you have spent the money on. We all have constant monthly bills and we also spend money that we don't keep track of until the monthly credit card bill comes in the mail and you start to recall all those purchases you made for the previous month.
You need to take the time to evaluate your spending of cash or using credit cards and question yourself if those purchases were really necessary or was it a bit of impulsive spending for that month? Come on....be honest with yourself and let this be the beginning of you taking charge of creating what I call a smart money savings budget, whether it be for your groceries or personal spending you thought you needed for that month.
You will learn to track your spending by keeping a notebook with you writing every purchase you make with cash or the credit card. Make this a 30 day challenge of watching where every dollar goes and after 30 days evaluate your spending habits. Do this for several months in a row with trying to improve upon each of the previous months. Then take a look at how you did for the year and I believe you will be proud of what you have accomplished, just with a little nudge from reading a strangers blog one day. :)
Make sure you have a special savings account to stash the extra money you have accumulated each month and put it towards a special goal you have made.
Another great idea would be to even start a blog to document everything you did, talking about what and how you are doing with this 30 day challenge of creating a smart money savings budget. There is something about writing down what you are doing and then making goals and posting them for others to read, it makes you responsible and accountable for your actions.
If you say, I don't know how to create a blog...........never fear, I have you covered there too with another one of my blogs created especially for new bloggers. Take a look at Bloggers Resources and contact me if you need any help creating a personal finance blog.
I really think this is a great beginning for you to make a difference in your personal life as well as your financial future. Take a look at Discipline for Debtors via Blogs, an article I wrote after reading about them in The New York Times last year, just think this could be you! :)
Make goals and post them of what your plans are for using all this money you have saved. Just think, it could go toward paying off accumulated debt, a family vacation, house remodeling/repairs, or a new car?
Related articles
Break the Spending Addiction
Make Your Household Budget Adjustable
You need to take the time to evaluate your spending of cash or using credit cards and question yourself if those purchases were really necessary or was it a bit of impulsive spending for that month? Come on....be honest with yourself and let this be the beginning of you taking charge of creating what I call a smart money savings budget, whether it be for your groceries or personal spending you thought you needed for that month.
You will learn to track your spending by keeping a notebook with you writing every purchase you make with cash or the credit card. Make this a 30 day challenge of watching where every dollar goes and after 30 days evaluate your spending habits. Do this for several months in a row with trying to improve upon each of the previous months. Then take a look at how you did for the year and I believe you will be proud of what you have accomplished, just with a little nudge from reading a strangers blog one day. :)
Make sure you have a special savings account to stash the extra money you have accumulated each month and put it towards a special goal you have made.
Another great idea would be to even start a blog to document everything you did, talking about what and how you are doing with this 30 day challenge of creating a smart money savings budget. There is something about writing down what you are doing and then making goals and posting them for others to read, it makes you responsible and accountable for your actions.
If you say, I don't know how to create a blog...........never fear, I have you covered there too with another one of my blogs created especially for new bloggers. Take a look at Bloggers Resources and contact me if you need any help creating a personal finance blog.
I really think this is a great beginning for you to make a difference in your personal life as well as your financial future. Take a look at Discipline for Debtors via Blogs, an article I wrote after reading about them in The New York Times last year, just think this could be you! :)
Make goals and post them of what your plans are for using all this money you have saved. Just think, it could go toward paying off accumulated debt, a family vacation, house remodeling/repairs, or a new car?
Related articles
Break the Spending Addiction
Make Your Household Budget Adjustable
6 Comments:
I found you through another personal finance blog I like to read. I enjoyed this post and have added you to my blogroll so that I can read more of your posts in the future!
Tracy, Thanks for your comment, it's always nice to have someone new become a reader of my blog. Thanks for the link in your blog roll. I think I'll do the same for you and put you in the list of others blogs "learning the art of money management". Stay positive and focused on your desire to become debt free.
I'm here to encourage others to start documenting their spending and to start a blog so they can write about the things that are working for them.
Oh, thank your for tips about money saving. I remembered also the automatic millionaire ideas about the latte factor.
mindrich, Thanks for your comment, so glad to hear you enjoy money saving ideas also!
I viewed your profile and I see that you have lots of interesting blogs, one of my favorites is the collections of Magic Know How videos. :)
You sherry I live what you've told on this blog and it's effective. I able to monitor my finances and cut down my expenses for savings. Thank you so much! I expect more learnings from you ...hehehee
Hi Sherry, I just pass by and once again say thank you for this blog post shared to us.
You know I constantly live into your ideas that help me cut down my cost of expenses after monitoring my daily expenses.
It's really workable.
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