You make your own rules and goals for the challenge (Carla's are here with all the participants), depending on what you'd like to achieve.
My rules:
- No miscellaneous spending at all (I normally have a budget of £80)
- Keep the grocery budget below £180 (Normal budget £216.67)
We have to pay our annual telephone line rental bill in January and I'd like to soak up that cost by reducing other spending.
If you're doing the challenge, good luck, I can't wait to see how we all do!
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Good luck with your challenge Laura!
ReplyDeleteMay well join up once I return from Cornwall on the 2nd.
2012 is going to be a great year!
Sft x
good luck with your goals . I wish we could overpay our mortgage each month. Perhaps one day when I am full of beans & can work more hours & do so then!.
ReplyDeleteYou are super good on your menu planning. I would like to do that starting in the new year xx
@sft Oh yes, please join!
ReplyDelete@Mrs No Spend - Menu planning saves me so much money, you must do it. Good luck with your goals - you'll have that ef filled before you know it x
I'm doing the challenge, too. I'm excited about it. You are paying so much toward your mortgage. Good for you! We're hoping to get our mortgage paid off in 2012 so we can build a house.
ReplyDeleteHi Laura: yes, I'm joining in the No/Low Spend month and have a modest goal of increasing my EF from $1700 to $2000 which means saving an extra $200 plus my usual deposit of $100. I don't feel any "shopping" urges so hopefully I can do it.
ReplyDeleteGood luck with your goal of absorbing an annual cost into your monthly budget!!
@Jane - saving an extra $300 would be awesome. Good luck - we CAN do this!
ReplyDelete@NDChic- I would love to build my own house....perhaps that could be next?! :)
Good luck with the challenge.