I’ve always been a fan of challenges.
The feeling of accomplishing a specific goal that I’ve set for myself is one of my favorite things in the world. That doesn’t only apply to “big” challenges either. I’m notorious for making daily To-Do Lists and I get a little burst of satisfaction every time I get to cross something off. No judgements.
With all of the changes that are happening in my life, gaining control over my finances has become one of my main priorities. In the next few months I’m planning to take over a number of my bills (cell phone, gas, power/electric, etc.) and make more progress in becoming 100% financially independent. It’s a tad overwhelming to think about but I know I can do it and I know that each time I lift a little burden off of my parents shoulders I’ll have accomplished something. So, I’m ready.
How am I going to go about doing this, you ask? Well, I’m going to take it month-by-month.
At the start of each month (April being the first) I’ll make a list of specific financial goals and challenges for myself. Then, at the end of those 30 days, I’ll see what I was able to accomplish and create a brand new list based on those results. I’m going to deem April-June my “saving” months. I’m going to focus on bringing in as much income as possible and spending very little that way I’ll have a solid foundation to stand on. And since April will be the kick-off, I’m challenging myself big time.
Makin’ Bank Challenge: April 2013
1.) No Spending Money:
Yes, yes…I know that sounds extreme. I’ll still pay my bills, buy groceries, and buy my necessities (toothpaste, for example) but I’m challenging myself to cut out all the extra spending for 30 days. I’m not going to lie, I have a shopping problem. I’ve gotten much better over the past couple months but I still have a hard time walking into Target or Urban Outfitters and not purchasing makeup or clothes. Considering I have plenty, I know I’m fully capable of going one month without buying more.
2.) Keep Track:
I’m going to keep a small notebook with me throughout the month and write down every single penny that I spend. I’ve attempted this before and failed but I’m determined to stick with it this time around.
3.) Get a 2nd Job:
This is a big one. I absolutely love my current job at the restaurant and I wouldn’t dream of giving it up. But, for the sake of “saving”, I want to have a second income for a while. I’m currently working mostly evening shifts so I’m looking for a morning job (possibly Starbucks?) Fingers crossed!
It’s not going to be easy but, like I said, I’m a sucker for a good challenge. I know that if I really focus on saving I’ll see results in no time. Being financially independent is a huge part of growing up and finding my bliss so it’s time to put on my big girl shoes and make it happen. Who’s with me?
Here’s to wishing that “money trees” existed…