Tag: money management

Minimal Money Spending Challenge

So I noticed that over the past two months, I had been spending quite a bit of money on certain things—namely more e-books—I am an avid reader, and have the tendency to buy books before I finish reading ones that I already own. For example—after my first staff position was terminated I decided I was going to focus on personal and professional development and started buying numerous books. I think by the time I managed to get my second staff position the number of books bought were up to about seventy books. Fast-forward a little over two years and that list has ballooned to almost three hundred and fifty books, I’ve read about forty-five of them and consider another ten to be “reference” on a topic—that means I have probably another 280 books on the list to read. I also have bought numerous other books as well—so yeah, I shouldn’t be getting anymore books for a while (at least in terms of personal/professional development).

I also had been buying extra lives on a silly match-three game during the past couple of months. So the two combined to more money spent than I really meant to spend.

Therefore I’m declaring March to a minimum-spending month. What do I mean by that? Well, other than books that have already been pre-ordered (and there are only about six or seven of them), taking my dog to the vet, a possible physical order from amazon, and possibly meeting up with a friend for lunch—I’m not going to be spending any money.

I’m going to turn my focus to the things that I already own—the large number of books (both fiction and non-fiction), which I should be reading. I’m going to attempt to have a book review or two done monthly (though with some of the non-fiction books, it could wind up being some type of monthly challenge). I’m also going to focus on working through the various electronic e-courses that I’ve bought (hopefully remembering to take good enough notes for possible blog posts).

I also will just take a deep breath and not worry how long it takes me to get through various levels on the match-3 game in the morning or at night.

The goal is to only have spent money possibly a dozen times this month (not counting bills being paid); if it works well it will continue through the rest of the year (with various changes to what I’m possibly spending money on).

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Budget like a pro: Manage your money, pay off your debt, and walk the road of financial independence. Personal Finance Made Easy: by Zoe McKey

Another good book from Zoe McKey on budgeting, with a decent background on the ongoing debt epidemic; and tips on everything from setting up a budget, to savings, to spending less. The book starts out with background on both the myths of money, and the epidemic of the debt crisis that the world is currently in. Then it went into explaining how to set up a budget, advice for spending less money and saving money. I like a fact that there was another chapter on financial tips, and a chapter for advice for women—on the fact that as a woman, I need to start having more interest and insight into my own financial standings. There are simple tips, and the simple fact that you need to make sure that your debt is either paid off or extremely low, before trying to build a savings account (and this is something I’m working on). I also liked that there is more emphasis also on trying to have a side job (or side hustle) that you enjoy, and can do that will add a little bit of money to your account (either savings or going towards paying off your debt).

Budget Like A Pro by Zoe McKey. Image (c) Amazon.com

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