Anyone interested in a little $1000 challenge?  Because after my bumpy spending habits last month I need a challenge to get me serious about saving again and I don’t want to do it alone.  I’ll say more about the challenge in a minute but first I’ll confess why I need this challenge.  I put nothing into our savings last month!! This hasn’t happened in 2 years.

Why no savings?  Both my husband and I have birthdays in July and my sister visited us for 3 weeks so we didn’t pay any attention to our budget and spent money on essentially anything we wanted.  I’m kinda okay with this because we have been doing phenomenally well in terms of saving and instead of dipping into the fun money this month we just skipped adding money to that savings account.  The problem is, it was too much fun not paying attention to our finances or any of our goals!  I don’t want to slip up and continue to disregard our budget.  Now that July is over, I need to start August off strong and really focus on my goals.

August goals:

  • Stay within budget
  • Pay an extra $500 to mortgage
  • Finish master bedroom remodel
  • Attend Combat Fitness 4 days/week
  • Read King Lear
  • Purchase life insurance
  • Lower internet bill
  • Complete $1000 Challenge

The $1000 Challenge:  The challenge is as simple as this, find an extra $1000 this month.  Yep that’s right, start flipping up couch cushions to find those lost hundreds from months ago(I wish!)  But seriously, make every effort to earn or not spend an extra $1000 this month.  Work a few extra hours for some extra cash.  Pick up a freelance job here or there.  Mow a lawn or 2.  Refrain from eating out.  Negotiate some bills down.  You get the idea. $1000 too much?  Then make it $500 or even $100 as long as its an amount that will motivate you and push you to think of creative ways to reach that amount.

I don’t imagine this being an easy task but I think it may be entirely doable for me.  I’ll be focusing on earning an extra $1000.  I have a few strategies. My pet sitting business recently surpassed what it made last year so any money I earn from it will be extra income and can be part of this challenge.  I don’t know if I’ve ever made $1000 in one month pet sitting since I’ve turned it into a part time job but I’ll be trying this month.  I also have some things that I’d like to sell locally or on eBay.  Oh and I can’t forget about my freelancing gigs.   I’m excited to finish the summer with such a challenging goal!  Hope you join me.

Readers: Will you be joining me on this challenge?  What other suggestions do you have for earning extra income this month?