In this challenge you will look at three spending areas from which you can save money. You will identify some of your habits in these areas and take action to place extra cash towards your savings.
Each week the actions taken will be in the following categories;
Watch
Identify
Reduce
Save
Adjust
So identify what you need to save towards and let’s get started.
This challenge will begin November 23rd, 2020.
Can’t wait to get started
Let me know when you have and also let me know when you have began doing the work and how it is helping you.
I am maxed out on my subscriptions, in my mind, at 3! I love the ones I have, but I agree, they are not a necessity.
Even though you have three subscriptions, the fact that you have set a boundary and know that you are at your max is great. Think about the question of use. Do you really use them?
Very grateful for this, personally my bad habit is that I could spend because I can.
That is a very serious habit that you may need to adjust. I always say that spending is relative. It is relative to your income, your expense and your financial goals. Have you tried budgeting? This can help you narrow down your spending to a certain limit per week or month
Just completed the last two sections of the course. I was not able to implement them all during this time, but I definitely plan in doing so during the month of December. Two things that I will intentionally work on is decluttering and tracking my spending.
Awesome!
Keep doing the work until it becomes habitual.
Excited to learn another way to save, I am not new to saving it helped me alot.
My goal is to get a home and I know a down payment is necessary.
I need to learn how to while having responsibility and being balanced on a biweekly paycheck.
I am happy to hear that saving is a habit that you embrace and actually act on! I hope this challenge allows you to find additional ways to save.
Feel free to send me a message at kathy@iamkathylloyd.com so that we can speak more about your real estate goals.
Ok I sent you an email. Thanks.
Hey everyone!
I hope you are enjoying the Challenge so far. Do not forget to join the Facebook Group. Here is the link; https://www.facebook.com/groups/21dsc/
Also, remember to add kathy@iamkathylloyd.com to your email contacts to ensure that you are receiving the relevant emails.
Continued learning 🤸♀️
Great pointers for the no spend week and eat what’s at home. I will try both since this week is the week I restock on groceries I can just minimize the list to what’s really needed and utilize what I already have in the cupboard. Great strategy👏👏
It id great that you decided to take on both aspects of this challenge this week! How did it go?
It was great. I only got what was really needed and I am utilizing the items in the cupboard. It can be challenging with children who likes to snack but that’s were giving them full meals comes in so they can stay full longer.
I love it! The kids soon get into the flow as we continue to involve them in the good practices and keep it consistent so that they see it as a norm.
I prepared lunch for the week like I would do regularly sometimes it’s a challenge but I stocked with it and I was able not to spend much so I believe once I continue this practice it will become routine and I can save more.
Week’s one challenge was helping in identifying some expenditure I can reduce or just simply eliminate.
*helpful
Awesome! I am glad that you were able to put the tips and tools to work! What a win!