Every year, I take it upon myself to not spend any money in October. Some times, some of you join in with me. If you’ve never taken part in a fiscal fast, you could try: not spending any money for a day a week in week one, two days in week two and so on.
Also, you may never have saved up for anything before, what if you could cut back on living costs to save £20 a week and have £80 at the end of the month? I’ll cut back on groceries for the four weeks and have some spare money at the end of the month. When you’re already in a budget or a low income, it can seem impossible to save any more but every year I surprise myself that it can be done.
You could see this as a thrifty reboot? A personal challenge or just because you need to save.
Yesterday, I asked you, do you budget for everything? Today, my question is this, do you put saving first or save what’s left? This could be part of your reboot. When you get paid at the end of the month, you could decide, maybe for the first time to move a budgeted amount of money into a savings account. This month, for you, that may only be £10 by that may be the start of a whole new life style and may even be part of building an emergency fund.
So there’s my challenge. No spending in October on anything other than food and diesel for the car. I’ll also have a clear out, declutter and try and make as much money as I save. You could join in with that too?
Love Froogs xxxx