Yahoo! Finance has an article today called the 7-Day Money Challenge .
Basically, the challenge calls for 3 steps:
- Calculate how much cash you need to cover a week’s worth of variable expenses such as gas, groceries, quick fast food stops, books, music, gifts, etc.
- Be honest and don’t overestimate to give yourself a big cushion.
- Set the calculated amount aside and only use cash, no debt or credit cards.
Okay…I am feeling up for the challenge except I will allow myself to use my debit card for gas since this is actually more of a fixed expense for me. I will let you know how it comes out. =)
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