Financial Fridays

[explorer2001]

Tomorrow officially starts our new challenge: the SO financial fitness challenge.

If I remember correctly we are doing Financial Fridays with goals and wins and losses for the prior week. We'll also do a how was your weekend check in on Mondays.

Let's get started!

[chrissie3416]

Let's do it!

[naeljun]

I can't partake. I suck at finances.

[wingingitinmotown]

Yay! I'm all for this one! :Y:

[roselis]

I will partake! Naeljun, why can't you?

[heavenly]

I have to do this challenge! I am heading into dangerous waves with my spending lately. DS's 2nd birthday is coming up in Sept and I need to think of a low cost party. I also need to restore my emergency fund since I been dipping into it. Also on a lookout for a roomate to help with finances. I am scared because it is adding another dynamic in the house with my son and I.

[naeljun]

Cause I am awful with finances and it would just stress me out. LOL

[explorer2001]

Aug 31, 2012 10:49:01 GMT -5 naeljun said:

Cause I am awful with finances and it would just stress me out. LOL

That's exactly why you should do it! We won't beat you up if you have a bad week. We'll be good encouragement.

[liubotflittyfud]

i'm in! I NEED this!

[blackkitty]

I'm in... I spend a lot on I don't know what so my first step is figuring out what I spend money on (not bills just discretionary stuff)
I started by writing down what I spend every day (again not bills) and it's been INSANE! I spent over $500 this week.
It's kind of like the food diary. Once you see it all written down, it's a lot easier to see where the problems are.

[marigoldgirl]

I can only tackle one problem at a time and right now it is losing weight, eating healthy, and exercising. If I added this it would be to much.

[stephbfan]

Aug 31, 2012 11:15:32 GMT -5 @blackkitty said:

I started by writing down what I spend every day (again not bills) and it's been INSANE! I spent over $500 this week.
It's kind of like the food diary. Once you see it all written down, it's a lot easier to see where the problems are.

I think this a great idea!!

[explorer2001]

Aug 31, 2012 11:46:45 GMT -5 @redvelvet29 said:

Last month was so expensive because my dog had like $1200 in vet bills ... I was proactive and cancelled my hair appointment and moved it to next month so I wouldn't have to take money from savings.

I also only ate out 1 time this week and I bought 1 beer for like $4 instead of my usual 1 or 2 wines at $10 each. This reduced my bill by a lot!

This is great! It's also a good example of an update with wins, losses, and goals. Well done and good luck.

[formerlyknownasefl]

I am so down! I'm really trying to save every single Penney for our move next month. I've got to buy ds some bed room furniture and alot of stuff for the condo and I don't want to deplete my savings doing it!

[explorer2001]

Aug 31, 2012 12:02:22 GMT -5 formerlyknownasefl said:

I am so down! I'm really trying to save every single Penney for our move next month. I've got to buy ds some bed room furniture and alot of stuff for the condo and I don't want to deplete my savings doing it!

Depending on where you live, check.out Craigslist or used furniture stores. I got my kitchen table at one. It's gorgeous solid maple and was only $150.

[roselis]

How do we want to start it off?
Post budgets and debt, Personal financial goals, Advice, tips, etc?
I know for me, it will be a lot of trying not to buy anything because my budget got so tight.


I think I will also start posting a finance related post on Fridays on my blog to go along with this.... I just posted one today actually, but I may make it a regular thing to go along with this challenge.

[bowies]

I spent $2k at the vet over the past 2 weeks, so my goal for next month is to not do that again. I also need to pay my credit card off again. After that, the goal is to save for house projects and a wedding.

My biggest money waster is food. We spend an outrageous amount for 2 people. I need to get a handle on it, but it isn't easy to eat healthy on a budget. Ideas are welcome.