The first month of the year is always the easiest to stay true to a resolution so I’m not getting too excited about my accomplishments yet. On the other hand you do have to start somewhere don’t you?
I’ll be reporting monthly on this resolution. Since I’m too lazy to type out everything I spent money on and I think it would be kind of creepy to send that info out into the interwebs I’m going to report on three things:
- Money spent on bikes
- Did I stick to my one 6 pack of beer a week budget?
- Did I meet my savings goal for the month?
The first two are areas I would be tempted to break the rules and bike stuff in particular is the area where I could do the most damage to my budget if I made an impulse purchase.
Meeting or exceeding my savings goal is what this challenge is all about so I figure that’s a good way to assess all the little details that would be a hassle to type out.
So how did I do in January?
- Bike spending = $30 for a Reverb service and nothing else
- Beer = I bought a 6 pack each week
- Savings goal = achieved 124% of my savings goal this month
I didn’t break any of my other specific no buying restrictions or overspend on any budget items and frankly it was a lot easier than I thought it might be. Knowing I can’t buy anything meant I spent less time thinking about stuff I might want to buy. There is not much point looking up the specs on a sweet new frame if I know that I can’t buy it and something better will come out before 2017 anyways.
So one month down and I am on track for success! 🙂