Do you spend your savings on Lattes and Lunch?

Daily/Weekly Spending.

So over the past month or so I have noticed my spending to be going up a little bit, I'm usually pretty good with only buying 1 or 2 coffees($2-$4), 1 snack($3-$5), and lunch once or twice($10-$20, so spending $15-$29 a week isn't terrible in my book, but it not only needs to get better, but it needs some more attention.  My goal is to keep my total to $20 for the week, this includes coffee, snacks, and lunch.  I'm going to keep track of my spending during the week and see where I am at.  I encourage you to do the same.

Day 1-Monday-Running Total at the Start of the Day $0.00

$8.50 on some amazing Paleo Granola mix, this should last me throughout the week as a snack, it's a little more than I usually spend, but it's for the whole week.  Strike that I ate the whole bag today, i'm pretty sure I gained 5 pounds doing so and it was delicious.  I also brought my lunch, so while this saved me some cash, the amount of food I ate, Paleo or not was about as much as an Offensive Lineman for the Packers.

Day 2-Tuesday-$8.50

So I lost my fantasy football bet and decided to pay up today and reward myself for losing apparently, 2 medium coffees $4.   Well in terms of losing I apparently lost on this one.  Good news is I am doing an intermittent fast today(http://www.nerdfitness.com/blog/2013/08/06/a-beginners-guide-to-intermittent-fasting/).  Here's a good website that gives the details good and bad.  I've done it a couple times over the past weeks and I find it great for balancing out my body and practicing hunger control.  Sounds crazy, but many people do it intentionally and unintentionally every day.

Day 3-Wednesday-$12.50

I have decided is going to be No Money Spent Wednesday, I mean I have a goal right, based on the way i'm going I'm going to lose and I don't like to lose unless it's the LB's, that's pounds for all you metric kilogram trackers out there.  I did a great job, brought in my coffee and ate some leftover chicken for lunch, I really feel like I won today.....Winning

Day 4-Thursday-$12.50

Well it certainly helps to have a Chili-Cookoff at work, I am spending $0 today on lunch, I will be doing my best to not spend over the $15 my wife "gave to me" for a Happy Hour, plus a little money coming from my work for the event always helps.  The good news is I was able to use the $15 for the Happy Hour from my wife, I'm going to include that in my total, I'm also going to include the $5 entry fee for entering the cook-off which if I would have won(should have won my Chili is delicious).  So I did spend a total of $20 today on the extra's in life, beer and chili.  When I came home my wife did happen to buy some take out food, which I do not count in my specific budget, but that is something I'm hoping to work together on very shortly:)

Day 5-Friday-Running Total at the Start of the Day $32.50

Today is a good day right, because it's Friday!  I started the day off with a free coffee(I have a coffee betting problem and I'm not afraid to admit, I won today).  I brought some lunch from home, keeping it simple with lunch meat, cheese, and an an orange.  I'm working on keeping this day free of spending, so I plan on wrapping it up with a total of $32.50.

Day 6-Saturday-Running Total $32.50

So once again the good news is I was able to not have any spending on my part, which for a Saturday is semi-amazing.  My wife and I did stop by portagegrounds.com
for a coffee purchased by my wife, while we figured out our spending habits and I am going to help set up an automation system for my wife, starting January 1.  I also ate my Paleo breakfast before I came so even if I would have spend money it would have been $2 or $3 total.

Day 7-Sunday-All-in Total for the Week $32.50

I did not spend a dime on food, actually cooked a couple things on Sunday(key to success for limiting Eating Out).  The most I did was drive the car to go play basketball, so I brought my water, worked up a sweat, and finished up the day right.

So in Summary for the week, this is actually really expensive for me from what I would like my budget to be.  The budget I would like to keep is $50 for the month, so in Chicago that amounts to about 1 coffee and a lunch a week.  I feel like I have been doing a poor job of my eating out budget, so I am sticking strictly to cash for the month of December, taking $50 out of the checking and calling it a month.  Well if anything this has kept me accountable and I learned that I still need to keep a stricter budget with coffee and eating out during the week because it encourages me to eat more healthy and Paleo and also keeps the costs down.

Thanks for reading and make sure to comment on what your budget is?  How you manage bringing in your lunch and eating out?  If I'm crazy for keeping track of this?

Night Out on the Town

So my wife and I decided that we eat out far to much, it may have helped that for 2 months we didn't have a kitchen, literally!  So for the first 2 weeks of September we were in our old habits of grabbing a pizza for delivery on Friday night and if we didn't feel like cooking to go grab something.  We did budget a small amount to go out to eat, but usually we would just ignore whatever money we put in and go way past the budget whether on my wife's tab or our joint checking account, for some reason if it goes on the wife's card it doesn't cost anything in our minds, we in fact are crazy!  So here's our plan of attack to stop from spending so much on going out to eat.

The envelope plan well sorda.  So we decided to not use our debit/credit card for any meals where we eat out(with the exception of lunch for my wife).   So every 2 weeks we will take out $60 and put it aside for going out to eat(side note don't search eating out in google images, not what I expected, I'm a little scarred).  The goal is to stop us from eating out so much and as an incentive any money that we don't use will go towards our Hawaii trip in November.  So far we are 1.5 weeks in and that $60 is still sitting in my headphone bag(our version of the envelope), so far so good, I will let you know.  Is there anything you do that helps you to save money instead of eating out?  Share baby, share!

Money is Always on Mind, Every Morning at Least-Thanks Dave Ramsey

I like many of you out there are a creature of habit.  Some must have that morning coffee, bowl of cereal, leave at exactly in between 7:00 and 7:05, or in my case I change my routine to create some sense of spontaneity, but it's still a habit.

Right now I have been going with the morning coffee, made at home(trying to save that $10 a week and I prefer to be all jacked up by the time I get to work) and Dave Ramsey podcast every morning on the train.  I like Dave Ramsey and my other options are listening to Pandora cut in and out like a bad DJ or staring outside(p.s. the buildings or walls don't change much).  So about Dave Ramsey..................

I like to listen to someone telling me to pay items with cash, stay away from credit cards, and that he has made mistakes but here is why you should not do what I did.  It creates a mindset that if you spend money with bad decisions, you are going to pay for those bad decisions.  He is a strong believer in debt makes you a slave to the lender, I couldn't agree more.  I struggle everyday to get in this mindset, this is another reason why I listen to Dave Ramsey every morning.

Here's what I want to do with my money.  Put tons of money in my 401K, pay off every cent of debt I have today, fix up my house, pay off the house, and invest in stocks, other houses, take tons of trips.  This morning dose of Dave Ramsey reminds me to keep things in check, Rome was not built in a day, cliche yes, but very true.

I have a budget, I have a plan.  I don't want a 30 year mortgage, I want my mortgage to be paid off in 7 years, is it possible, absolutely I ran the numbers to know.  I read something by Zac Bissonnette said and I'm summarizing here, but poor people think about how financial decisions affect them this month or this week and wealthy people think in 5, 10 and 20 year blocks.  That makes sense to me, when buying a car the poor guy is thinking can I afford the payment of $200 month, the wealthy guy is paying cash and thinking how much money per month he is saving over a 5 year period.

So in summary every day is a battle with money, but the key thing is I may lose a battle today and go buy my lunch or spend money on something I don't need, but I will win the war, with God's help and with great influences around me.  Right now my biggest influences on money are my wife(smart lady and cute to), her family(they have great advice that gets funneled through my wife),  and personal finance blogs, podcasts, and books.  Make sure to surround yourself with great influences, if your brother likes to drive his leased BMW on his Wal-Mart cashier hourly wage, you might want to find a better influence.