21 Day Spend-less Challenge
Happy New Year! Can you believe it's almost February?! If you're like me, you're always trying to do/spend/worry less (check out my post on that topic here!) and simplify more each year. Now that the holidays are over and we have settled into the new year, it's time to kick off a fun challenge. A 21 Day Spend-less Challenge. What is a Spend-less Challenge? It's a challenge to spend less. Duh! No but seriously, read on...
What is the Spend-less Challenge?
Every day, for the next 21 days, I am going to monitor my spending and try to find ways to spend less money. This isn't a 'consolidate-debt or 'refinance-my-home' spend less challenge. It's a way to really analyze what I'm about to spend money on, before I actually do so.
Why 21 days?
I've heard there is some research about it taking 21 days to form a habit, however, the main reason this is 21 days long is because 14 felt too short, and 28 too long. Really scientific, eh? :) Also - the hubby and I are headed to Charleston at the end of this month, so I will wrap this up right before we leave (where I will then spend all the money I have saved plus some!)
How do I join in?
If you're on Instagram, follow me (@simple_slice_of_life) for updates/recaps on how the challenge is going. Then - tag me in your spend-less posts with the hashtag #21dayspendlesschallenge.
I'll also post a weekly blog post of what my spending challenges were and where I saved money.
How should I track this challenge?
This one is entirely up to you. You can use your phone, an Excel or Google Spreadsheet, your planner, a notebook, whatever is easiest for you in your life. The purpose is to make it through each of the 21 days knowing what you've spent money on, and where you were able to cut back/out spending. I'm going to use my Passion Planner because a) I love it and b) I use it every day so it's nice and convenient for me.
What's the point?
In my journey to simplify, I have come to the realization that I often overconsume and frankly, throw money around, on things that I don't actually consider valuable. This challenge is a good check-in for me to be more mindful of my spending, and to support businesses, food and goods that are local/sustainable/ethical.
Whenever I find a way to spend less or convince myself to not buy something, I will tally that amount over the 21 days and transfer to a savings account at the end of the challenge. And then, my hubby and I will jet off to Charleston for a weekend of some good 'ol southern comfort food, with what I hope will be a little more cash in our pockets!
Here's to spending-less and saving more in 2017!