Money Tip: Challenge & Reward

Money Tips

Give yourself a financial challenge to aim for a period time, then reward yourself if you hit the mark.  For instance, if you typically eat out often (I’ve been guilty of this before), challenge yourself to go one month without eating out.  No take out, no delivery, no dine in, nada.  Cook and eat at home.  Too hard? Try two weeks, then.  Go two weeks without spending any money on eating out and if you’re successful in that time, reward yourself.  Hey, if that worked better than you expected, maybe you can go one month.  Who knows?

Your reward? Calculate how much money you would have spent over those two weeks and put it into your savings account.  Boring?  Okay, then.  Buy yourself a piece of clothing.  A professional piece of clothing.  Something you can meet a prospect client in and they wouldn’t mind meeting you again.  Or, use that dinner change to take a course at a local junior college.  Expand your knowledge and skill set.  Make yourself more marketable.

The idea behind this challenge is to stop wasting it where we don’t see any returns on our money and start saving and investing it.  What did I say Sophia Amoruso said?  Money looks better —where?-– in our bank accounts.  Definitely not on our plates.

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