Showing posts with label saving challenge.. Show all posts
Showing posts with label saving challenge.. Show all posts

Friday, November 15, 2013

Budgeting

Budgeting is no fun. It means you have to watch out for  your spending and making sure you don't go over.  Start slow, I find that when I do an extreme budget I get depressed for going over my limit and deprived because I couldn't do or buy what I want to. How I make it fun is to make it a challenge. For example, challenge your self to see how fast you can save an emergency fund of $5000. When you want to achieve a goal as fast as you can, you'll find creative ways to get there. A challenge makes things exciting.
The husband and I just started a $25 a week grocery challenge.  Basically, we can only spend $25 on grocery a week. This way, we use up all the foods I've stocked up ( from couponing days)  and also find creative ways to make different meals out of one food. I bought a 2 LB package of ground beef (on sale for $5); I can use it for my dumpling, spaghetti sauce and tacos ( which I'll have tonight). By not spending the usual $50 a week on grocery, the left over $25 can go into our emergency fund. If we keep it up for 1 month, we'll have $100 extra.