I don’t know if you’ve ever challenged – or tricked – yourself into becoming better with how you manage your money. If you haven’t and are suffering from hole-in-wallet or hole-in-pocket syndrome, a challenge is exactly what you need.
Looking back at my expenses over September and October, I realized I spent a lot of money unnecessarily on food. Namely, ordering out. I would UberEats this, Postmates that, GrubHub more. It was ridiculous for someone who has a full working kitchen, knows how to cook and food in the cupboards. Ridiculous, I tell you!
But why was I spending so much money on food when I could very well make my own? Laziness. Uninspired by what I had in the kitchen. Despite that, I was burning a hole in my wallet with all this take out. It was absurd how much money I would throw away on food because… I could.
The ability to waste the money is never a good enough reason to waste money. There’s a lot of things we can do. Doesn’t mean we should do them.
So, I decided the best way to curb my biggest money leak was to reward myself. Not for spending money. But rather not spending money. I spent a lot of money on ordering out. To reduce how I spend on food outside of groceries, I decided that every week I go without spending money on food, I will give myself 25 points. 25 imaginary points. Whatever. However, once I reach 100 points, I will reward myself one of two ways: dump $50 into a savings account or buy something nice for myself (not food related).
In other words, I can reward myself for not spending money by putting money towards a savings goal or a pair of ankle boots, or a coat or something useful! Seems fun. If it all goes when over the course of these eight weeks by myself, you all might get to participate with me. Something I’ve been thinking about for 2020.
In the meantime, does anyone have any tricks or challenges they’ve given to themselves to become more financially successful?