The first month of our Financial Diet has come to a close. Meals have been cooked, tears have been shed and pennies have been saved. It was a good month.
Overall, our results are awesome! Considering our participants cover multiple profiles (college students, married, families, empty-nesters, and single-income), we proved that everyone has a little room to improve. Now we just need to keep it up!
Something I noticed (and need to change) is my mindset of quantity vs. quality. Since I knew I was eating out less, the few times that I did eat out, I splurged. This was very counterproductive. Ultimately, I came in under budget according to my starting average; however, I know that I can do way better and wish I had spent less (wasn’t it in November that I only spent $50 for the whole month?!?).
Counting that as a lesson learned, I’m ready for February. The short month works in our favor, but it holds the challenge of Valentine’s Day and a three-day weekend (ah, the life of a banker). Before I begin planning my strategy (and lunches) for month number two, let us check out the standings for January, shall we?
|Participant||Avg. Spent||Spent||$ Saved||% Saved|
As you can see, there has been some great progress but some of us have a bit more work to do. Need motivation? Just think about what you could do with an extra $50 a month. Or how about $100? Being aware of exactly how much I’m spending made me realize that I would much rather spend the excess cash on anything other than FOOD!