It’s my first money challenge update!
I am currently doing a 6 month challenge to save $4,000.
If you’re interested in learning more and joining the challenge, I encourage you to read that article before scrolling any further.
Every two weeks, I’ll be posting a brutally honest breakdown of my spending and savings until late September when the challenge is scheduled to be over and I’ll hopefully(!) have a $4,000 savings account balance.
So here we are!
Two weeks in to the challenge, 4 weeks in to social distancing/quarantining, and several bottles in to my liquor cabinet… and I still have a job. *Knock on wood!*
Here’s about how the crisis is going for me…
Can anyone relate?
So while I’m currently teetering on the edge of sanity, I have managed to keep my wits about me financially (for the most part).
While many others are “living their best life” and doing home work outs, posting on IG Live, learning to garden, redecorating their houses, and (for reasons I genuinely cannot understand) sharing their self tanning routines on IG stories…. My vices have been mostly my dog, tacos and alcohol.
The tacos and the alcohol are where most of my extra money went…
Like an exorbitant amount of tacos you guys.
But if it keeps me sane and I’m still saving, do I care? That would be no.
So let’s dive right in!
Here’s what I’ve spent over the last 2 weeks (aside from my rent & bills):
- Groceries: $174.45
- Transportation: $61.76
- Canva Subscription: $12.95
- Food Delivery/Take Out: $117.22 (mostly tacos)
- Patreon: $5
- CVS: $50.77 (body wash, wine and snacks mostly)
- Smoothie Subscription: $51.75
- New Blog Theme: $45 (Thanks 17th Avenue!)
As I stated in my original post outlining this savings challenge, it’s so easy for unnecessary expenses to creep in via subscriptions.
The truth of that cannot be overstated. Even after going through my expenses as carefully as I thought I did, I still somehow missed my Canva, Patreon, and the smoothie subscription.
While Canva is a necessary tool for my blogging, the smoothie subscription is NOT! As soon as I got the notification, I emailed to cancel.
I will also be keeping the Patreon since it’s a private feed for my favorite podcast; True Crime Obsessed! One of my few sources of joy currently.
I usually spend about $100 every two weeks on groceries and try to order take out or delivery only once a week but during times like this, I’m trying to be kinder to myself, but also set goals to order take out less.
Obviously I want to support local businesses and will as much as I can but I can’t do so at the expense of my financial health.
I am very proud of myself for spending $0 in online shopping. Retail therapy can be so tempting at times like this but every time I was tempted, I just asked myself, “Would I buy this if I lost my job tomorrow?” Turns out, the answer is always no!
Now’s the big question…. Did I manage to meet my savings goals for the last two weeks?
So as of now, I’m $160 closer to my $4,000 goal!
It is only $160 but it’s already so satisfying and rewarding to see that money sitting aside.
Like many others, I’m finding money a little tighter than usual. My usual expenses of food and transportation have risen.
I’m proud of myself for sticking to my goal and the I’m already feeling so much less stress regarding my finances.
Returning to being hyper-vigilant means I’m not yo-yo spending and I have much more money left in my account by the time my next paycheck rolls around.
I will continue to update the blog biweekly to keep you all updated and share my struggles as I continue.
Because I’m sure there will be some and it’s all gravy when you’re only 2 weeks in!
I’m excited to prove to myself that I can be diligent and disciplined and take this big step towards financial freedom and less stress.
So will you be joining me?
While I would usually leave with you a cute “pin for later” graphic or quote, I’ll instead encourage you to visit my Instagram and follow for updates on my stories highlight!
Not only will you get updates to this challenge, you’ll also be front row for my rants and slow descent into madness.