Last month four other bloggers joined me in Working For Financial Freedom’s first ever “Reduce a Bill” challenge. Some vowed to reduce their eating out bill, their grocery bill or just not spend at all on certain days.
This month we continue the challenge but with a bit of a twist. Well, not really a huge twist, but a request. I tried to think of a creative change to the challenge or even a giveaway at the end but there were 2 problems.
1. I didn’t want to make the challenge so hard that it frustrated people or no one was able to finish the challenge. The goal is simply to save money, not wear ourselves out trying to do it. So I’m keeping it the same (except for ya’ll that are doing the same challenge you did last month)
2. This blog has a budget of $0 so a giveaway is not available right now. (although if you are a company that has a product you’d like to contribute towards the challenge I’d be more than happy to give it away for you.)
With that said, the only twist I could think of is that if you are continuing the same challenge you did last month, try to increase your savings. Did you have 10 no spend days last month? Try for 11 this month. Did you save $5 on your grocery bill? Try to save $10 in November.
If you are new to the challenge- it’s simple to join. Choose a bill that you would like to reduce. Some ideas:
- Cancel an extra feature on your phone line.
- Turn down the thermostat and wear layers to keep warm.
- Skip the drive-through at Starbucks and make your coffee at home.
After you have picked your challenge leave a comment here with your choice. I’ll post updates once a week so come back and let us know how you are doing.
Who Can Participate?
Anyone! You don’t need to have a blog to join in.
What Am I Doing?
This month I challenge myself to spend less at the grocery store. I currently budget $400 a month for our family of 5 (this includes food, 19 gallons of milk a month, organic meat, diapers, cleaning products, paper towels etc…). I want to reduce my weekly bill by at least $5 giving me a savings of $20. Not much, but that’s $240 in one year. Thanksgiving is also this month and the added expense of the turkey dinner will force me to plan carefully and be extra vigilant in shopping the sales.
What will I do with the money saved?
Every week I will transfer the money saved towards the next debt on the chopping block - the truck payment.
I can’t wait to hear what you are doing!