February 28, 2017
There are times when I look at my bank account and I ask myself where all my money went. I keep track of my expenses in Quicken, but I never delved into analyzing my spending habits.
Me being a weirdo and love to self-analyze, that’s when I decided to challenge myself: for the month of March, I am giving myself a $500 budget to spend for groceries, gas, and fun money. Rent, utilities, and Internet are not included in the $500. This way I would have a better understanding of the habits and emotions behind how and when I spend money. I arbitrarily chose $500 because I think that will cover all my costs without giving me too much fun money to spend. The results from this month’s experiment can serve as a baseline for the future.