Project Tasks

Project #37 - $100 Budget (Task)

With a recession looming, many of us have had to change our spending habits and adjust to risings costs and increased unemployment. I recognize that I am one of the lucky ones, as I have been relatively unaffected by our current economic situation.

This week’s project is to curb my spending and adjust to the tough economic pressures of today. The challenge is to survive the week spending less than $100. For some of you, that may seem like a lot; for others, not nearly enough. For me, well, we’re going to find out.

There are a few things that I won’t be counting against me for the week- rent, monthly MTA pass, purchase of things like toilet paper or toothpaste (as I still have plenty of that from previous purchases). So what it really comes down to is food and entertainment. $100 for seven days of food and entertainment- certainly a change from the norm.

In an effort to track my spending, I’ll be Twittering all of my exenses for the week- if you want to follow along, you can find my Twitter page here. Also, as suggested by a friend who has agreed to try the challenge with me, I’ve already taken out the $100 from an ATM and will be leaving my credit cards at home- meaning I’ll have no choice but to stick to the budget.

It’s sure to be an interesting week, but I think this will go a long way in helping me learn more about my finances, as well as appreciate my current financial status.

Success = Spend less than $100 this week.

© 2008 drew tarvin blog.