Happy New Year! Can you believe that we are in 2012! Now that Christmas is over and the New Year is here, and hopefully your credit cards have cooled off and your checking account can now rise above a negative balance!
Again this year our economy is not in a good state and we must gain control of our spending. The “keeping up with the Jones” mentality must die. If you want to see drastic changes in your finances, you will have to make some drastic decisions.
God has called us to be a blessing to others. We are not able to do this if our checking accounts are always in the negative. We are responsible to be good stewards over the finances (no matter how big or small) that God has given to us.
Our 2012 financial challenge for January and February is to stop ALL of the UNNECESSORY spending! And I mean ALL!
So ladies here are the rules: Beginning January 9th-February 29th
***** If you are married, please consult with your hubby/wifey prior to beginning this fast*****
Set a personal goal for the financial fast. Pray about your goal during the challenge. For example, Kathy James of Sacramento is going to save an additional $300.00 a month. You may begin with small steps, but set your goal.
You may not use ANY credit cards for the month of January and February. WOW!
You can only spend $35.00 on entertainment for the entire month. You can do alot for this small amount. Go to Red box and don’t forget those coupons (buy one get one free). Or, have a family game night, be creative.
No unnecessary purchases such as clothes, shoes (even clearance items), new makeup, extra items at the nail salon (no designs).
Create a spending journal (or sort of categorized spending chart) and keep track of your spending by writing down everything that you spend in a day, no matter how small. At the end of the day add your total and find ways to save.
Balance your checkbook at least once a week. Know how much money is available to you in your checking and savings account.
You may only eat out twice during the entire month for dinner. Spending limit of $25.00-per person/$50.00 for family.
You may only spend $5.00 a week to eat lunch. This includes eating in the cafeteria (payroll deductions)
This year we are on Face book. (2012 Financial Fast) join us there also to post your progress and victories!
Okay are you still in?
Looking forward to this. I don't have much but as stated in the blog I am still commanded to be a good steward over what I do have. :)
ReplyDeleteI agree Nicole. And yes you can do this.
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