Who doesn’t love challenging themselves?! I assume nobody. I mean challenges further growth, so why not?! Now question is who likes money? Everyone! ok. Now who likes saving? Mixed responses, but all in all majority is a yes, when we can and are able.
Well, over the last couple of months, I’ve been finding myself in a bind with money. No, not struggling for the coins or a job, BUT keeping a budget and being able to save. Nothing is more stressful than getting these coins and not being able to set aside a savings and/or keep money in your savings. account Does not matter how we are bringing this cash to hold us down daily, be it hourly retail, freelance artistry, a salaried corporate career, or perhaps dancing/stripping (lol, not that it’s funny but hey a hustle is a hustle! Do you!) fact is that our means of income are significant blessings because nobody likes to feel retrained due to lack of cash, and nobody past my age really likes having to depend people, not even having to ask family members to help hold us down. No sir! Needless to say, the reality is that money matters !
Insight of Words from the Wise
Some may say money is the root of all evil, I say, I disagree! I never knew exactly where I stood with that concept until after I ran across a video by ShamelessMaya who touched on a few points:
- Anything in excessive abundance that’s destructive is bad
- There are good people and bad people, and a good person can use an abundance of cash for good, while and evil/bad person may chose to do the opposite
- Ultimately the value that’s given to money is defined by the individual who comes into possession of currency because at end of the day, when placed in perspective, money is just paper and coins with printing on them
Another wonderful video I came across was the exact clip of The Steve Harvey Show you may have already watched through above. I run across a lot of amazing things on Facebook, and love sharing with others what I discover. This clip of Steve Harvey is exactly a clip with a valid point dealing with my topic in a broader perspective in regards to money can do for someone. Verbatim “Now it’s true, money can’t buy you happiness, but it can park you in front of [a] happy house.”
My Response to Maya & Steve
When I listened to Maya and reflect on what she said I heard in my by head the “aaahhh” sung by angels as if the gates of heaven were opening, or as if I’d hit another level in a video game! All in all my mind opened and I finally I realized where I stood with “money is root of all evil” nonsense. Steve Harvey on the other hand always has me laughing out loud (LOL) literally, and frankly the major point I want to highlight is that we can’t get to our goals and living lifestyles we want if we ourselves don’t know how to manage our money, set budgets, set goals, and save our coins.
You know how most people toss their pennies, well reality is saving and valuing money starts from valuing the little things. It begins in the small things we disregard, like “a few extra [useless] pennies.” Guess what though? Repeat after me, “Pennies are NOT useless, pennies HAVE VALUE.” Say that five times out loud. I’ll wait…. Ok great! I hope in those 15 seconds that you were reflecting on those words because all in all, it’s true. How much does 100 pennies add up to/make? Yes, $1. Did you know in a third world country you could support someone’s life with $1 a day? It’s factual and mind boggling. Even here in the United States there are people surviving off less than $1 a day. I’ve witnessed it first hand several times.
My point in sharing all this with you is to emphasize again MONEY MATTERS! No matter the size or color.
The Challenge Details
So back to my own struggles, reflecting on my spending habits over last 2 months, I’ve been rather disappointed in myself because essentially I’ve been a but vain and frivolous with reason; I mean January was my birthday month, and February was ummm… yea, my point exactly – Excuses! Most of us find excuses to validate our shortcomings and it’s NOT ok. I know my financial struggles, and you know your own, so no need to go ind epth but for someone who works 40+ hours a week, is at home the rest of the time and goes out maybe 1 out of 7 days to run errands, there is no reason, savings shouldn’t be possible.
So for #MarchMoneyMatters challenge, I’ve decided after weighing in on myself that for month of March, my entire spending is limited at $100. Breaking that down, across 4 weeks, that’s $25 dollars a week. Yup, only $25! This does not include money to bills, debt or gas. My $25 a week challenge includes everything else that apps like MINT have recorded me blowing money fast on atrociously like makeup, food, subscriptions, more makeup, skincare products, hair products, shoes, clothes, online shopping, oh and did I mention makeup?! And if you know makeup there’s always something new being released and none of it’s cheap! In addition, I’m incorporating the rollover method T-Mobile use to do with their minutes per month. What I mean by this is, perfect example: My brother’s girlfriend’s birthday was the beginning of this week and lets say I spent $50. That means for the week I’m over my budget $25, which essentially is using up 2 weeks up, and now for next ___ days, All I’ve got is $50. Now if need be you go over the set amount you challenged yourself to, take tnote of that. I highly suggest keeping a note pad, and perhaps making notes on times you almost bought something and recalled on your personal challenge, take note on the extra things that you bought because you “just had to”…. all this is key to self financial growth and improvement.
In summary, the purpose of this challenge is not to screw yourself over but to:
- Reflect on where your money would normally go, therefore making you more money conscious
- Increase your money management skills, especially in terms of planning ahead, and budgeting accordingly
- Increase your financial discipline
- SAVE! At the end of it all, if you know your spending habits as is from prior months, you can compare. Not to mention, coming out of the month, you’ll have tons of extra cash sitting somewhere unspent. Don’t go blowing money fast the following weeks/month, instead:
- If you don’t have a savings account, open one. Wells Fargo is a great place.
- Continue with the challenge perhaps you may want to increase your limit or lower and see how well you can do.
- Reward yourself with something of VALUE. If you saved $500, don’t blow it all on a purse, come on! Drop $400 into savings and spend $100 on yourself in one shot or burst. Perhaps catch up on some if not all the things you wanted month prior from your recorded list. Perhaps even add it to your next month’s challenge so now you have a bigger challenge spending budget.
- In regards to your savings… set goals. We all could use a vacation every so often, perhaps you’ve been dying to go on a cruise or overseas, do that! Save up for your goals. You got this. Perhaps you want that “happy car” and “happy house” Steve was talking about… save up for that! You got this.
At the end of it all, I have your backs. My challenge is $100 this month (and in advance IBS is this month, and only comes around but twice a year. So, extra spending there will not be included, exception there because I’m an artist and I need to stock my kit for my craft, be it wardrobe styling or makeup)! I can say as of now, I’ve $60 left and there are 3.5 weeks left of March. Pray for me! I’m actually quite excited! Best of luck to y’all. I’ll be praying for you too!