I am happy to say that I have so much in common with my wife. One of the things that we definitely share is our competitive spirit. We also share a desire to save money as often as we can and wherever we can. So using our competitive nature, we made a competition out of reducing our personal spending for one month and as a result we saved $295.
My Wife's Results
My wife travels farther than I do when it comes to work, so that was the first thing she attacked when looking at cutting personal spending. She started a carpool with two of her co-workers and instead of driving to and from work five days a week she is now only doing this twice per week. At around $10 per day for gasoline she was able to save about $120 in a month with that one move. Add to that her forgoing of afternoon coffee from the coffee shop down the road from her work at about $2 per day and she was able to save a total of about $160 for the month.
For me it was a bit harder to decide what I was going to do as far as cutting my personal spending. I couldn't take the approach of driving less as I work for myself and carpooling is not an option. However, I was able to take the approach of forgoing extra spending in the afternoon. While my spending isn't usually on coffee I do get lazy quite often and buy lunch out for myself, maybe three times a week on average. For the entire month of the competition I cut my lunches out totally and prepared lunch at home instead. By doing this I saved about $30 per week, or around $120 for the month. The only other thing I could think to do was cut out my occasional soda from a convenience store, but that move only netted me a savings of about $15 for the month for a total of $135.
A Competition Where Everyone Wins
The end result of our competition was my wife getting bragging rights, but really our whole family won. In that one month of cutting personal spending competition we were able to combine our efforts to save $295. Not only was the competition fun, but it proved to be a real eye opener as to what could easily be cut out of our everyday lives in order to spend less. Now I just need to get my wife to stop gloating about her victory.
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