Hi, my name is Alicia, and I’m admittedly not the best at saving money. Which is why I came up with a savings challenge that I’m excited to share with you today!
Being a blogger is pretty much horrible for your wallet. You feel tempted to buy new outfits to link, have the best home decor, and scoop up the best beauty products. While my readers appreciate my honest reviews, I don’t think my wallet appreciates me that much!
One of my 2021 intentions is to get better about my finances. We have a few major life changes coming up (that I can’t wait to fill you in on!), and I’m at the point where I finally have enough years of self-employed revenue records to start applying for mortgages. Honestly, I’d prefer to own a home before I even considered getting married, so I feel like this is the next logical step for me! However, the only way I can achieve my goals this year and beyond is if I’m smart about my finances.
Bad Habits Savings Challenge
About a month ago, I saw a post that sparked the idea of a bad habits savings challenge. Basically, every time you partake in a bad habit, you have to put a certain amount of money in your savings account. Brilliant, right? Today, I’m sharing what the list of my bad habits is and inviting you to join in on the fun this year as well!
The Bad Habits Savings Challenge
What I love about this challenge is that it A. either motivates you to stop partaking in bad habits, or B. helps you save a lot of money. Either way, you can’t lose! We’re a week into the year, and, honestly? I’ve saved a ton of money so far with my list. Not doing so well with the bad habits!
This list is tailored for me and my lifestyle/career, but feel free to add things in or swap things out to tailor the challenge to you and your needs. I also plan on giving myself a bit of grace if I’m sick or if there’s a family emergency I’m dealing with, and I encourage you to do the same.
|The Offense||The $ Amount to Put in Savings|
|Ordering Takeout When You Have a Full Fridge of Groceries||$5 per meal|
|Skipping a Workout (Aim to work out 3x/week)||$10 per workout skipped|
|Impulse Clothing Purchase||Match $ Amount of Purchase|
|Forgetting to Call Mom||$5/week|
|Not Washing Dishes||$5|
|Skipping a Weekly Chore||$5 per chore missed|
|Working on the Couch Instead of At Your Desk||$5/day|
|Not Drining 8 Glasses of Water/Day||$5/day|
|Skipping a Webinar You Signed Up For||$5|
Again, these are some bad habits that I personally repeat regularly, but feel free to customize this chart to better suit your lifestyle and finances! Bon chance.
Drop a comment below if you’re joining in on the Bad Habits Savings Challenge, and let me know what other “bad habits” you might be trying to eliminate in 2021!
Photos by Tom McGovern