I need to keep myself motivated for June as I had some doubts and questioning last night about whether I can really save up 6 months income, save up a downpayment for a house and add to my retirement – all on 1 income! I was chatting away with a friend who said she and her husband are working hard to save, she then said how if they keep their belts tight – after mortgage, bills, credit card payment etc, they can pretty much save her income each month (£1300)…..I don’t often get jealous, but man I was pretty green eyed last night thinking about how hard it is on 1 income to accomplish everything!
So, what am I going to do? Well, I’m going to set some goals for June.
1. To spend no more than £60 = $120 on groceries (I have lots of rice, pasta, lentils, tinned tomatoes left and am away for a week)
2. To have 16 no spend days!
3. To figure out how to do an online survey and do one!
4. To transfer my money into a new account ear marked My Emergency Fund
5. To get my things out of storage and find someone who will store them for free! This will save me £50 a month!
I am thinking it might be a fab idea to have no spend days as well
I may join you in that
Oh that would be great Fabulously Broke, we could encourage each other!!
I’m starting the 6 month challenge today, can we all encourage each other, I’m goning to need all the help I can get
Have you got much stuff ft, can you sell any of it? £50 would be a great saving every month
please make me check the spelling before I send comments…going not goning!
lol don’t worry Laura, I do that all the time.
I’m still thinking about joining you….scared to, what will you do for presents etc??
Dont buy any! Only joking..I have some leisure vouchers which I’m going to use for the 3 birthdays between now and the end of the challege, you can use them at waterstones so they will all be getting a book
I could not buy for everyone but my mum and niece!!!!
Good luck with your goals!!
Just ventured over from Plonkee Money, and I’m glad I did! I’ve enjoyed catching up on your articles, and I have subscribed for future posts.
We have scheduled a couple “no-spend weekends” ourselves and look forward to getting a handle on our expenses. May was a budget wreck with graduations, travel, birthdays, etc.
Thanks CanadianSaver, I’ll update you all!
Frugal Dad, thanks for the nice comment – I’ll check out your site.
I’d like to know how you spend so little on food. It’s one of my goals to cut down on our shopping.