Tag: Budget

blogging · Thoughts

Extreme Budgeting $31 Dollars for 21 Days [MADNESS]

Rik5 Comments

extreme budgeting

So I have just reach back to New York City from my vacation in Jamaica.  I can’t tell you how much fun I had for you just won’t believe me.  Being back in my country and living the simple life and be around the person who gave me life was just a wonderful thing.  My mom is like super cool.  She might be a bit stiff here and there, because she is a very structured person and strict, but even she let loose as be both enjoyed our dual vacation.

It felt good to have my mom around again, breakfast, lunch and dinner, served to me like a king.  Okay okay, I know I am not supposed to have my mom working I should be catering to her, but we haven’t seen each other for over 3 years, she missed me.  As I missed her as well.  But enough of my vacation, I will get back to that, let’s jump into my new challenge for the holiday/christmas season.

So the topic is “Extreme Budgeting” in which I need to do to purge myself for the financial dip I went in slightly for my mini vacation and my year overall objective.  So we are going to dual combo this challenge.  Extreme Budgeting and Extreme Dieting, it’s not really extreme, but I am calling it so via it’s sound more interesting don’t it?

extreme budgeting lifestyle

Here are the facts, rules and goals.

I am only to spend $31 on groceries for the next 21 days.

I must buy at least 1 Apple each week.

I must work out everyday.

I must do an AB workout routine daily for at least 15 minutes

No Bread, No Rice (you know the rules 🙂 )

Drink a lot of water (you know the rules 🙂 )

Fact 1: I made it to my goal of the year in weight by being consistent with my exercise.

Fact 2: You can budget and still not be starving yourself.

Fact 3: I will eat at least 5-6 times for the day.

No soda or chips.

I must eat vegetables at least 3-4 days of each week.

Make some awesome videos and blog posts within this time span.

The goal is a flatter stomach.

The goal is to lose 5 – 10 lbs.

The goal is to be more defined & toned in my shoulders and back.

The goal is to save $65 for a SPA day Treatment in January to start the year off.

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Budget
Budget (Photo credit: Tax Credits)

These are my facts, rules and goals to achieve my milestone for 2013.  Yes I work hard.  Sometimes you have to condition yourself to make things work.  There might be more things I want to add, but these are the most important factors.

Do you think I am extreme?  Have you ever tried a crazy budget or so?

Thanks for reading
Richardo Wilson

Website: http://www.richardoawilson.com
Blog: http://www.raw-multimedia.com
YouTube: http://www.youtube.com/rawmultimedia

 

 

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blogging · Postaday2012 · Project365

new rule tuesday: paypal is KING

RikLeave a comment

I like to make new rules.  I love to make new rules actually especially if it is improving my life and productivity.  As much as I have lots of accounts and use them wisely, my paypal has no funds in it.  I need to change that, just in case of an emergency.

So my new rule is my paypal account must have at least $40 in it at all times, and every 3 months, the amount must go up $20, then that increase shall be the new limit of lowest to be in thr account.

My method to this is to have money everyehere, just in case money is not available.  Having money on paypal has its unique advantage and its also like having money on the fly.

What do you think?  Do you have a paypal account?

Thanks for reading
Richardo Wilson

money · Money Monday

Money Monday #2: Track Your Spending and Saving

Rik3 Comments

Welcome everyone to another edition of #Money Monday #MM.

*If you missed last week’s Money Monday here is the link —> Money Monday #1: Early Bird Gets The Worm

Accounting Notes

My Money Monday Tweet:  #mm #moneymonday Track Your Spending and Saving using Basic Accounting Methods and Techniques to know where your money goes. #money. @rawmultimedia

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A lot of people tend to spend money whether cash or credit and don’t account for their money correctly.  Also people tend to claim they are saving but don’t see or measure their actual saving habits.  The best way to measure and account for your money is by tracking and recording its movements.  When I say this I don’t mean you have to go a take an accounting class, (via may be kind of boring to you) but just by creating a template or getting on form from searching google to track your spending and savings, you will know more directly and understand how well you manage you money.  It is best you start doing this from early on and even teach your children if you have any or even a friend so they can practice better management skills.

I have learned by myself how to manage and account for my money at a very young age.  I was doing this at the start of age 12.  I just went a grab a blank notebook, and drew lines stating where the money is coming from, the amount of money, the date I go the money, what did do with the money, where did I spend the money or saved the money, who I gave the money, by just using simple addition and subtract signs, and balancing the total account every transaction.

In today’s economy the flow of money and managing it well is a vital skill to progress in your life.  So start today by creating a method to track your spending and your saving.

It’s Money Monday,
Remember to get your money right.

Richardo

PS: Remember Follow and Friend Me on Twitter and Facebook.

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