The cash diet challenge begins January 1, 2010. So far, the P-family from Alabama is in and Second Wife is out. For the Birds is thinking about it...yet hesitant to give up the rewards credit card. The P-family from Thornton Park is in Montana so I don't know if word has made it up to them yet.
So how is this going to work? Well, think of the Biggest Loser meets David Ramsey and Susie Orman. It doesn't make the prettiest baby, but a little bit of competition is a good thing. For one month, we will track our non-recurring spending and compare it to the BUDGET. You don't have to share the actual budget, just report the variation or % complete. Cash, debit cards, gift cards or a combination can only be used. The winner of the challenge is the one with the smallest variation or largest decrease in spending. The details are a work in progress and suggestions are appreciated. Peer pressure and this website will make you accountable. =)
For example, my categories will be: gas for my car, personal care (hair cuts, make up, etc.), household (office depot, paper goods and supplies), clothes, gifts, entertainment, parking, car repair, recreation and dining/groceries.
To quote Heidi Klum, "Are you in, or are you out?"
