Comments on: May’s Budget Recap, Net Worth Update, & Future Battle Plans

By: Wealthy Blogger List – July 2009 Updates | Suburban Dollar

Wealthy Blogger List – July 2009 Updates | Suburban Dollar — Mon, 08 Feb 2010 13:49:14 +0000

[...] Man Vs. Debt [...]

By: Josh Moore

Josh Moore — Sun, 31 May 2009 07:38:34 +0000

Hi Adam, Great work here champ. Seems like you guys are continuing to gain momentum in accomplishing your goals. I just broke the $5k in savings this month, which I am pretty excited about. Also have been doing some other exciting stuff the last few weeks (watch this space) that as I will be documenting as I continue to get ahead. Safe traveling mate, and all the best in getting over here to Australia. Regards, Joshua. Josh Moore’s last blog post..Property investing 101: Gaining some experience

By: MD @ Studenomics

MD @ Studenomics — Sat, 30 May 2009 21:06:15 +0000

Good luck on your journey! I wish I had the balls to move so far away. You need to really get your entertainment budget under control lol. I have been on a roll with the no spend days. Wake up, eat at home, work on my blog for a few hours, go to the gym for kick boxing/weight training, straight to work, and then back home.

By: Paul @ FiscalGeek

Paul @ FiscalGeek — Sat, 30 May 2009 05:56:59 +0000

All the best to you and nice work on your focus. I'm proud to say that this month we hit $15,000 of debt paid off since January. We are busting it and sites like yours are certainly helping to keep the accountability... Crikey! Paul @ FiscalGeek’s last blog post..Find over $1000 in Savings in a Month

By: Baker

Baker — Fri, 29 May 2009 20:34:48 +0000

I can see your point and there are people who very well might struggle with that.

It hasn’t worked that way for us yet though. Right now it just helps build our commitment to trying to save where we can. For example, a no spend day could potentially help eliminate a quick fast food stop for convenience. You might be more willing to wait until you get home if you have a themed day.

In addition, sometimes concentrating your purchases can also make you more aware. For example, we still needed gas and groceries, but we had already bought these together, when were on our toes. In other words sometimes it’s harder to track spending when it’s spread out and lower amounts.

All that being said, these types of tools and tricks only work well for some people. Some may try them and decide they actually hurt their progress as you have described!

Great point!

By: Baker

Baker — Fri, 29 May 2009 20:31:13 +0000

Thanks for the support Brad.

It’s awesome how even though you’ve had some setbacks you are sharing your experience on how you are trying to keep it together. That’s what its all about!

By: Baker

Baker — Fri, 29 May 2009 20:30:33 +0000

Thanks, mate!

By: Baker

Baker — Fri, 29 May 2009 20:30:21 +0000

That’s awesome man! Keep up the good work, I hope to be able to catch that 6 figure net worth someday!

By: Baker

Baker — Fri, 29 May 2009 20:29:37 +0000

Funny how you get a raise and then immediately have a bill to use it! The check engine light was coming anyway, so congratulations on the raise!

By: MoneyEnergy

MoneyEnergy — Fri, 29 May 2009 20:03:24 +0000

wowsers, I'm so excited with you guys! That's amazing.... I love "no spend days" as well. I had three of them this month. Buying the thesis theme for me was a MAJOR outlay and I delayed the purchase as long as possible. So I know what it's like living on a tight budget when it counts! Lakita makes a good point above: yes, logically speaking you might still spend more on one of the days before or after - but where it really counts is how often you can do it and whether you can trim your daily spending. We'll always have the less frequent, bigger purchases every now and then. If you can learn to get by without spending for an entire day, I think it changes your mindset and helps you do it again, and just spend less in general. Like the momentum you can create from going to the gym. MoneyEnergy’s last blog post..As Canadian Bank Earnings and Economy Go Down, Canadian Dollar is Up