By Matt - Wednesday, March 6th, 2013
Yesterday I wrote about how brown bagging can save you over $2,500 per year and today I’m going to take action on this. I am challenging myself to brown bag it as much as possible during the work week and then put the money I would have spent against one of my credit cards.
It would be nice to use this money to treat myself to something but the reality is my debt load is what is currently annoying me and its something I would like to get rid of. So being that this is more important than spending the money frivolously.
Here are the rules of this challenge:
Try to brown bag it as many working days as possible during the month of March.
For the purposes of this challenge I am going to use the $10 per work day average so the budget for this month is $210.
I expect I’ll still get out for lunch once or twice but the challenge will be to not eat out and as of writing this I am 4 work days in without spending a dime. So the goal is to spend at least $150 less so the measure of success will be spending less than $60 during the whole month on lunch.
Whatever is left at the end of the month in this budget will go to pay down my Visa.
At the end of the month I’ll post a summary result, I expect getting into the habit of bringing in my lunch will be the hardest but once I get there this challenge should have just found a way for me to pay down some debt considerably over the course of the year.
As a complete piece of curios I am going to use the month of January as a historical benchmark for how much I’ve spent in the past out for lunch. In January I spent an incredible $313 on feeding myself at the office. This is something that can easily be adjusted and brought down in order to get through more debt.