Wednesday, December 26, 2012
Financial Success in 2013
I have been thinking a lot about our finances over the past few weeks, and feel more strongly than ever that we need to be completely debt free, including our mortgage.
Now, I know this isn't something that will happen quickly....but, we have a goal of having our 30 year mortgage paid off in 15 or less. Hopefully a lot less! :)
Anyway, while I have been strategizing ways to make this dream a reality, this question arose: How many "no spend days" can we have in one year?
I am going to challenge my family in 2013 to spend money on no more than 100 days (fixed expenses not included). Will you join me?
This includes groceries, gifts, clothing, etc. Basically, anything that isn't a bill (fixed expenses).
Trust me, you will force yourself to plan your meals, discover alternatives (for example, I was short one egg for banana bread the other day but I found an alternative online!), and in doing so.....you will spend less!
Do this exercise...bring up your bank statements for the last 3-6 months. Then calculate how many days in that time period you spent money. Once you have this number cut it by 1/3 or even 1/2....then adjust the number to apply to the entire year.
Everyone wants financial security, why not take steps to make 2013 the best year ever (financially speaking, of course). :)
Image was found via Google at this location.