Last year, I had the honor of reading my friend Cait Flanders’s new book—The Year of Less! It's a beautiful memoir, and it made me want to be braver in my writing and life. Cait’s words also encouraged me to reexamine my spending and savings habits. For example, my husband and I decreased our food and dining expenses in 2017, but we didn’t reach our goal of spending $400 a month on food! This year, we’re determined to make that happen, and we’d like to save 50% of our income!
Saving 50% of our income seems like a crazy, insurmountable challenge. However, we're in a good position to make this aim a reality because our rent and utilities are inexpensive, we share a car, don't have a car payment, and we paid off our debt years ago. Saving more isn't meant to be an exercise in austerity. Rather, it's about mindfulness and keeping the long game in mind. Even if we don't reach our goal, I know we'll learn a lot about money and ourselves in 2018.
To save extra money in 2018, we'll be following the steps Cait outlines in her book and planner. Also, we won't be shopping online. The Internet is an incredible resource, and I love sites like Amazon.com. However, it's so easy to overspend online.
If you’re thinking about saving more in 2018, doing a spending ban, or creating a mindful budget, explore the books and websites listed below:
—The Year of Less by Cait Flanders.
— Your Money or Your Life by Vicki Robin and Joe Dominguez was an incredibly helpful resource when we began simplifying our lives.
— Early Retirement Extreme by Jacob Lund Fisker—portions of Fisker's book didn't resonate with me. However, the how-to sections were inspiring and helpful!
— Money: Master the Game by Tony Robbins is a giant book and helpful. The book helped me work through some of my money issues, and I learned a lot about the finance world. Also, Robbins pointed readers to a website called Get Your Shit Together. It's a valuable website, and it prompted us to complete our living will and power of attorney documents. The process was simple, straightforward, and if something happens to me, Logan will be able to access our assets.
— Mr. Money Mustache’s blog is a fantastic resource!
Finally, Cait generously offered to give a copy of her book to one lucky reader!
To participate in the giveaway:
— Leave a comment at the bottom of this post and fill in the following sentence: “I’m grateful for … ”
— Email responses will not be counted, so please leave your reply on the blog.
— Include your name and email address on the comment form. If you win, I need a way to contact you.
— I’ll choose the winner on Friday, January 19, 2018, with the help of random.org.
The giveaway is closed and the winner is Sophia!