As we move along in this life challenge we’d had days that involved identifying my values, envisioning my values in action and eventually writing a personal mission statement. This brings us to Day 9 of the 31 Day Reset which required that you Do One Thing. Not just any one thing but “one thing that will move you closer to your ideal life.” This one things needs to be personally significant to you and related to a specific goal. Some other criteria include:
- Something you’ve been procrastination on for a long time (Budgeting).
- Something that terrifies you (Numbers in columns – budgeting).
- Something that inspires you (Increasing $$ in saving account – budgeting).
You are to be specific and focus on on that task. So I started a budget. It’s not complete by any means but it’s a good start.
For this budget thing to work it must be tangible and measurable. I am currently unemployed so my income is limited (and at the moment sketchy because NYS Dept of Labor sucks). Here is what I have so far
Income: $358/week —-> $1432/month
Car Insurance: $75/month
Cell Phone: $182/month [this is for me & Mom, I’m moving us to prepaid]
Food: $350/month [yes a little high for a single person but I incl meals out]
Student loan: $132/month
ING Deposit $40/month [to cover ongoing stock fund & misc]
As you see this would leave me $754/month to play with. I’m projecting to put $408 a month towards my travel fund & $346 towards my retirement. All of this hinges on actually receiving the Unemployment money weekly. So far that hasn’t been happening so the extras get used to live on and then the credit card comes out and when the money comes it the CC gets paid and we start all over. However, I chose to focus on finances because it’s something that terrifies me and I often push to the side until I am in crisis mode. I will continue to work work on this (the budgeting) including scheduling time weekly to review the accounts and see where I stand. I do this now but I’ve gotten lax and it’s very hap hazard since there is not a lot coming in and going out.
This reset challenge came at a time where I needed to reset my financial house and get it back in order to pursue the things I love.
What part of your life that needs resetting you the most?