I’ve been called cheap but I prefer frugal. It’s not that I don’t spend my money. I just don’t spend it on frivolous things. Every now and then I splurge but I have mastered a lack of want for instant gratification. Just as I make my to-do list, I make a budget, nearly every month, even when my income isn’t going to change. I have so many contract and side jobs that I like to know where my money’s coming from and when it’s coming. As of now I am downsizing the number of side jobs I have and this means I need to watch my spending habits. I am by no means wealthy (still working at it). At least three times in my adult life I have lived below the poverty line but the way I save and spend no one would ever know.
So, how am I going to plan a trip around the world on a limited budget?
First, I drafted my income and noted where I could save. I also tracked all my spending for a month to see where I was spending when I didn’t need to.
When I go on a spend freeze I involve my daughter and ask her to help me check my spending but I don’t want to go on a spend freeze now just so I can have fun later. I still need to live so I found some ways to cut it down…
Hair Salon – I spend $200 a month getting my hair and Jayla’s hair done. Since I have not intentions of visiting hair salons abroad I need to start caring for my own hair and I guess that can start now. I can’t braid but I’ll have to learn (my flat twist game is strong).
Eating out – Although my fridge, freezer, and cabinets are well stocked, I still stop at Popeyes, Taco Bell, and Grand Slam when I’ve had an exhausting day and don’t want to cook. And every Saturday, after dance, I take Jayla to Waffle House. It may not be much but it added up to about $100.
*Shout out to Chanellica for the waffle maker*
Boom! All that’s going into the travel savings fund. I also decided everything I went out to eat I was going to double what I spent and put that in the savings too. (Update – That didn’t happen. I failed miserably).
As of now, the goal is to save $2000/month and now that I am putting my house on the market I will have some funds to come back to.
I have budgeted out $150/month for entertainment and miscellaneous for both Jayla and myself. That means we’ll be attending a lot of free community events and when I go out I’ll be watching my pockets.
Hey there! Ι just want to offesr ʏou a hugee thumbs
up for the excellent informatіon ʏou have got here on this post.
I will be coming back to your blοg for more sοοn.