Little Changes Make Big Differences: $100 Spending Cut Challenge

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I bet almost all of us could find a way to cut $100 out of our monthly budget.

Sure, we could make excuses and say we’re saving everything we can. But I bet there is a way.

Is it possible to cut an extra $100 per month out of your monthly spending?

The best way to answer this question is: if the government all of the sudden raised taxes by $100 per month and your employer started to withhold another $100, what would happen to you?

Would you go on welfare?

Would you declare bankruptcy?

Would you curl up and give up?

I doubt it. I bet you’d make the necessary adjustments.

So, why not force yourself to make those adjustments today?

I guess before you even try and cut $100 from your monthly spending, you need to ask a few questions:

• Do you know where you’re currently spending your money?
• Have you researched any cheaper alternatives for your current expenses?
• Have you even tried living without the item you think you can’t live without?

What difference can $100 per month make?

On the surface, it would seem like if you cut $100 per month out of your spending you’d end up with $1,200.

Not true.

Let’s say you’re paying 12% interest on a credit card.

That $100 you cut from your spending is like saving $112. It’s like saving $1,344 a year by cutting $100 per month out of your spending.

A big mistake that many people make is that they want to focus only on the big differences and forget how much cumulative change it would make saving about $3 per day.

Big wins happen when you consistently do small things right.

So, are you ready?

Ready to take action. Ready to make a small step. Ready to make progress in the right direction.

Are you willing to commit to cutting $100 out of your budget? If so, what do you think you can cut?

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