So I made my New Year’s Resolutions and accomplished a lot last year on a personal level after overcoming many obstacles. I got a little off track during the holidays as many of us do,so to get back on track and knock out my remaining debt, I am committing to a low spend January, February, and possibly March also. I really want to quit living paycheck to paycheck and save 3 months worth of bills and slowly work my way up to 6 months or more. There are many forms of saving, each person is different as to what works for them. I think for myself I need to trick myself a little bit. For example, since I am already used to struggling, would if I struggled a little longer but save that money to get ahead in the future. I haven’t been spending any money since December 25th LOL. Here are some of the steps and techniques that I am using to succeed for my low spend months:
I am a server and have started an envelope called 10 a day for me, so each day I put $10.00 a day in there that I am allowed to use on what I want but it has to include any household needs such as food, toiletries, pet supplies etc. I did have a small stockpile built up and used a $50.00 gift card that I bought for Christmas to get a head start on my plan.
I am buying a $25.00 gift card per week to use for Christmas, If I do not use them all or need them, I can use them for myself.
I am doing the 52 week challenge, but putting amounts in daily instead of weekly, I know once the amounts get higher I may only be able to do one or two per week, but this will help me with my savings goals If I am committed to this goal. This works out to 27 per week if you want a set amount to put up each week. Please join me in this challenge weekly or daily to save money easily https://www.facebook.com/52weekschallenge/
I am doing the daily penny challenge which is the same as 52 week challenge but on a daily basis which will add up to 668.00 in a year. I am on day 170 with the change I currently have. It works out to 12.50 per week if you would like a set amount to put up also.
I am putting 5.00 a day up when I work for a vacation I have planned in July, so yes I am just trying to get in the habit of saving any way I can without knowing I am doing it! I am still searching for even more creative ways to save!
You may ask why low spend? Most people do No Spend..Just those words make us feel like we are depriving ourselves of what we want, by doing low spend and being cautious of what we spend and getting a treat here and there will allow me to succeed with this challenge.
I would love to have some support, please comment below and let me know what your savings goals are and any unique tricks that are allowing you to succeed at saving.
Super Coupon Woman