Budgeting Games (Finance Games #6)
August 9, 2008 – 6:01 am
In addition to the other financial games I’ve written about you might consider making up a few budget-related challenges or games.
Budget Games To Consider
- go on a spending fast for X days, where you don’t spend any money
- reduce spending in one budget category by 10% for a month
- find a way to save 5% to 10% on your fixed expenses (insurance premiums, refinance your home, etc)
- compare your checking account interest rate to the top rates at bankrate.com, and consider switching to another bank
- find the recent savings rates and compare those rates to the bank you use for your emergency fund
- sit down with your spouse and select the one budget category that you enjoy the least, and then reallocate those funds to another category
- find a way to save 5% on your utilities this month. Stop running small loads of laundry, get a programmable thermostat, adjust your programmable thermostat 2 degrees up in the summer or down in the winter, or replace your light bulbs with CFL bulbs.
Image Credit: marco scala
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3 Responses to “Budgeting Games (Finance Games #6)”
Yeah, a budget game worth reconsidering!
By b. rahi koh on Aug 10, 2008
Budgeting and cutting expenses to save money is serious business. However, making a game out of budgeting would be a novel way for people to enjoy getting by on less.
By doubleourmoney on Aug 10, 2008