Spring 2018 Spending Challenge

Curious how much your friends spend on everyday life? We are too! So we decided to be a bit snoopy  and agreed to a little spending challenge. We’re going to be a little “scandalous” and bare some of our finances for others to see.


Most of us have heard of finding a workout buddy to stay motivated in order to achieve personal health goals. It’s helpful to have someone working towards the same goal and to hold one another accountable. What you may not realize is that the same applies to personal finances! Your spending habits are likely influenced by the spending of those around you, particularly in your social circle. That’s why we’ve decided to challenge ourselves to spend less this spring. And to make it a little more interesting, we’re making it a competition!


Goal: Minimize spending over a three-month period

Start Date: 4/1/2018

End Date: 6/30/2018


Our household situations are different, so this is going to be interesting!

Here are some of the highlights:

  Neil Sarah
Children  2  1

Full-Time Salary

1 2


1 long 2 short/moderate

Yard Size

Moderate 1/3 acre

Year House Built

2008 1989


1 cranky old cat 1 sweet dog

Cost of Living

High High


Some exclusions (to maintain an equitable competition):

  • Mortgage Payments
  • Existing Loan Payments (only one of us has student loan debt!)
  • Daycare
  • Large purchases (such as a car)
  • Reimbursed Expenses

We’ll track our spending in major categories, such as transportation, food, kid stuff, pet expenses, house maintenance, etc. and we’ll provide periodic updates on how we’re doing!  Look for tips on how to save, as well as the spending blunders. To maintain our frugality but celebrate the winner… the loser buys the winner... drum roll… a bottle of two-buck chuck! If you don’t know what that is… stay tuned to the end.


We’d love it if you joined us in this effort to minimize spending (and ultimately maximize savings and achieve financial freedom)!  Comment below, or send us an email, and we’ll connect with you to help you stay motivated!  With your permission, we’ll even feature your progress to highlight your achievements.  


All right, game on… let’s see who can spend the least! If nothing else, we can give each other a serious hard time on those walks to Starbucks about who is buying the tall and who is buying the grande!


Follow us results on the Spending Challenge Update page!

Write a comment

Comments: 0