Here’s another great challenge to try if you’re looking to up the game!
>> Save an extra $1,000 over the next 100 days! <<
Think you could do it? :)
Torrie’s going for it over at ToLoveAndToLearn.com, and thought it made for an excellent short term goal no matter what your plans for the money are. Particularly if you’re aiming to hit an even larger one, like, say, $10,000 for an emergency fund as she is. It’s much more motivating hitting a few smaller milestones while climbing that mountain than going for the whole shebang!
And you know what they say, the first $1,000 is the hardest! Or was it the first billion?
If you break that $1,000 down into even smaller goals it seems even more fathomable too:
- $300/mo for the next 3.33 months
- or $70/week for the next 14.3 weeks
- or $10/day for the next 100 days
I prefer the $70/week option as it seems easier to hit than the others ($10 every day feels like you’d be scrambling for 100 days, haha, and going with the monthly route leaves too much wiggle room to be lazy!), but really whatever it takes to get the job done.
And honestly, even if you only came away with $10.00 at the end of it, it’s still $10.00 more than you had before! You never know what hacks you’ll stumble across that might lead to future savings/earnings too (that end up turning into multiple thousands over the years!).
As far as how to find this new $1,000, well, that’s up to how badly you want it. But here’s a handful of the usual ideas that gets passed around since it’s always the same with money ;) Only two ways to get it – earn more or spend less!
- Challenge all your bills
- Start a new side hustle/take on extra hours at work
- Go on a “no-spending” spree
- Hawk crap around your house
- Flip crap you scored at yard sales/thrift stores!
- Use up all the food in your pantry
- Live like a poor college student
- Never use credit cards, take out a loan, lose your wallet, get a divorce, go on vacation, have kids, give to charity, play video games, or allow a natural disaster to occur. (<– True tips from “experts” I like to insert wherever applicable ;))
Now who’s in?? ;) I’ll be sitting this one out as I’m already knee deep in two other challenges right now, but if you wanna join Torrie she’ll be using hashtag #save1000in100 on Instagram and elsewhere to follow everyone’s progress. You can find her original post on this here as well (she’s about 3 weeks in).
Love that she featured one of my favorite images from one of my favorite books (Essentialism) in it too! It’s what got me to my own current (and simpler) lifestyle!
“[This] basically illustrates the principle that if you focus your energy on several different things simultaneously, you’ll only make a little bit of progress in each (something I’m totally guilty of doing all the time!), but if you focus all your energy on just one thing, you will make an ENORMOUS amount of progress toward that goal.”
We could all be a bit better at this, eh?
Happy savings! 💰💰
PS: Another way to hit $1,000 if this one bores you too much –> The $1,000 Money Saving Chart
Jay loves talking about money, collecting coins, blasting hip-hop, and hanging out with his three beautiful boys. You can check out all of his online projects at jmoney.biz. Thanks for reading the blog!