Weekly Spend Challenge W/C 10th March 2013

EverTheOptimist

Hello everyone. Welcome to the Weekly Spend Challenge. This challenge is open to anybody, no matter what financial place they are in.

On this thread please post an amount of money you wish to stay below within the week (Sunday to end of working day on Friday). This can be pennies or thousands it depends on the individual. Then next Saturday report back and pledge for the following week. The challenge runs from Sunday to Friday so we don't include Saturdays but feel free to change the rules to suit you and include Saturdays or start on a different day.

Feel free to update this thread with daily spends if that keeps you on track. We colour code the results as below:

Green - within budget
Red - overbudget
Purple - zero spend
Orange - made money over the week

This is a little bit of fun but for many it highlights the fact that maybe that magazine/chocolate bar isn't needed. Hopefully your spending habits can be changed forever.

Moozie was the founder of this challenge and here is a quote taken from her:

Originally Posted by Moozie:
"Good afternoon lovely DFWs Now for anyone looking in, please feel free to join - the more the merrier! Basically, decide on the amount you want to spend up to from Sunday until the end of the working day on Friday then pledge it here and off we go! The challenge is about incidental spending and not for stuff that should be budgeted elsewhere such as bills, groceries, debt repayment etc but you decide what to include at the end - this is about changing your habits and improving your recording of your spends more than anything else. Have a great week everyone and keep it low!!! Moozie x"

Good Luck Everyone

W/C 3rd March 2013 Challengers / Pledges / Total Spent

EverTheOptimist - £95 / £74.65 & £52.55
MissMelLady - £20 / £60
Abundant1972 - £60 / £100
Lottie1987 - £70 / £65.77
Munchin - £40 / RED
Jonesy88 - £10 / £14.20
Beth3735 - £60 / £90
The-mango - £50
DieteticsGirl - £10
Casperthefriendlyghost - £15
Flyinggiraffe - £10 / £14.99
32b3in2013 - £50 / £47.19
MissE001 - £65 / £64.76
Verityemilia - £30 / £20.60
Baileys Babe - £5 / £0
DD265 - £15 / £14.30
bt1 - £25 / £35

W/C 10th March 2013 Challengers / Pledges / Total Spent

EverTheOptimist - £100
Abundant1972 - £50
Beth3735 - £60
Redballoon - £5
Verityemilia - £30
Jonesy88 - £5
32b3in2013 - £50
MissMelLady - £20
Flyinggiraffe - £30
Baileys Babe - £5
Munchin - £40
MissE001 - £35
DD265 - £15
bt1 - £25
Lottie1987 - £70
Starslimmer - £20

datlex

Hi,
Where is the original explanation of how this works? I'm guessing that some of the amounts above don't include things such as bills?

EverTheOptimist

Well overall last week was red as I needed extra petrol to go and see hubby. Although my actual spends stayed below my budget. :j

Need to set budget for next week and will report back.

Sunday - out for Mother's Day, budgeted from joint account. Petrol - £40. Groceries - £30
Monday - NSD
Tuesday - out for lunch - £15. Bunny food £13
Wednesday - NSD
Thursday - NSD
Friday - NSD
Saturday - paper - £2

Total - £100

That's all I have for the week so it needs to last.
Will be doing a 'big' shop too but from the joint account now hubby is back, but my plan is to continue to allocate £30 per week for my shopping, treats, toiletries etc and for bunny veg.

EverTheOptimist

datlex wrote: »

Hi,
Where is the original explanation of how this works? I'm guessing that some of the amounts above don't include things such as bills?

Hi datlex

This is copied from the first post.

"Good afternoon lovely DFWs Now for anyone looking in, please feel free to join - the more the merrier! Basically, decide on the amount you want to spend up to from Sunday until the end of the working day on Friday then pledge it here and off we go! The challenge is about incidental spending and not for stuff that should be budgeted elsewhere such as bills, groceries, debt repayment etc but you decide what to include at the end - this is about changing your habits and improving your recording of your spends more than anything else. Have a great week everyone and keep it low!!! Moozie x"

This challenge is for incidental spends, as they're often the things we 'waste' money on. The odd magazine, choccie bar, bought lunch instead of taking it with us etc. You just set the budget that will work for you.

I include petrol and groceries in my weekly budget as it keeps me focused. On payday I look at what money I have left after my bills and split it into weekly amounts depending on my plans.

32b3in2013

Afternoon

My spend last week was £42,19/£50.00 and I will be spending £5 on the lottery today so this week's total is £47.19/£50.00 so under budget

Next weeks budget will be £50.

32b3

abundant1972

Thanks for running the challenge again!!!

MissMelLady

Hey sorry for not posting sooner. Been in bed all day feel so bad. I spent loads but I'm gonna put a rough guess at £60/£20
It's done now tho so I spose there's not much I can do exept start afresh.
Please can I pledge £20 for next week. Thanks.

flyinggiraffe_2

Thanks for the thread as always!

I pledge £30 this week. Meal out on Wednesday and I have my eye on a dress that will take me over my clothes budget (£100 this month for spring/summer wear) but think it might sell out quickly.

Baileys_Babe

Managed to spend nothing this week, so it's purple

This week could you put me down for my usual £5

ETO thanks as always for running this challenge.

Munchin

Hi all

Thanks ETO for the thread:). I totally lost track of my spending last week but I'm pretty sure I was RED:o.

Please put me down for £40 again this week and this time I will track my spending.

MissE001

£35 for me this week please

ETO, I don't know how I'd keep my incidentals under control without the motivation of admitting my spending on this thread . Thank you