Millionaire Mommy Next Door is currently posting about an abundant life spending spree. On day one, she started with $100 and imagined what she would spend that on. On subsequent days, she is doubling the amount and then thinking of how she would spend that amount. No repeating of items, of course. I’ve decided to play along for a while. I don’t know that I’ll make it to thirty days, though!
Why? I think it’s just a fun exercise. I’ve decided to start a bit smaller though. I’m going to start with $25.
Day One – $25
If I had an extra $25 right now to spend on anything, I would be making a trip to the bookstore and picking up Janet Evanovich’s new release, Fearless Fourteen. Because it’s currently on sale, it wouldn’t cost me the entire $25, so I’d probably pad out the rest with something off the sale table.
This time last year, I would have just jaunted off to the bookstore and picked up the book, but I have a lot of books here that I have yet to read, so I’ve decided that it just makes sense to wait.
Anyone want to play along?
Megan is a 30-something government employee in the Washington, DC area. She got interested in Personal Finance when she got out of college and realized that her paycheck wasn’t going to go as far as she had hoped. Since starting this blog, she has managed to buy a house and make a solid start on her retirement goals, and hopes to help others do the same. Here is her story:
In 2007, I was a gainfully employed 20-something with no debt but not a lot of knowledge about personal finance. It was a co-worker’s comment about Roth IRAs that sent me to the internet, searching for information. It was then that I realized that I really didn’t know a whole lot about personal finance and that my current financial situation was due a lot to inherent frugal tendencies, generous family members, a fear of debt, and good luck. While that was working for me, clearly I needed a better plan.
While I had no debt, I was also pretty much living paycheck to paycheck and not worrying about going over budget (I say this as if I had a real budget) because I had an emergency fund set aside to cover any overages.
Except that’s not what an emergency fund is for.
So I did a lot of research, read a lot of blogs, and decided that I needed a plan. I needed to budget. I needed to know what I was spending my money on. I needed to prepare for the future.
I decided to create a blog not only to make myself accountable to others but also to share the knowledge that I gained along the way. I’ve learned so much from my fellow bloggers, and I hope that my readers can find something useful in what I have to share as well.