I love to find new ways to save money. There’s only so much time that can be used on making money. Sometimes you have to use a little creativity to save more money.
This leads to my challenge…
I didn’t have a sip of alcohol in March.
I set a public challenge. I made a bet with my buddy to see who could go the month of March without a drink. I’m not an alcoholic by any means. I don’t need rehab so don’t worry about that. I just enjoy to drink socially. All of my friends are into going out. I absolutely can’t stay in or miss out on a night. However, it’s just not practical to spend all that money on drinks and food. This is also why I threw out the save $100 challenge to you guys.
By giving up alcohol did I have to do any of the following?
- Stop meeting new people.
- Stay in like a loser.
- Have a lame month.
Nope. Not at all. Studenomics will never be about being boring. I can’t stand boring. Boring sucks.
I went out at least three times a week. I still did the same things I normally do. I just couldn’t drink, spend money on booze, or use alcohol as a crutch. I had to have fun without a sip of booze.
Did I reach my savings goal?
Drinking is an absolute killer on my wallet. This is where I spend money foolishly. The problem is that first we have to buy the booze to pre-drink. We grab it and everyone usually comes to our place (I live with my two cousins and our pad is too sweet). We drink, laugh, tell jokes, invite other friends, sing karaoke, and get others to come over. Then we all head out for the night. There will be rounds purchased. That’s a given. Then we either go home in cabs depending on what’s happening or we go for food.
By not drinking, I just drove everywhere. I was proud of this because everyone always had a safe ride home. I’m absolutely against drinking and driving and anything along those lines.
How did you do with your savings challenge?
I would love to hear about your progress on trying to save an extra $100. In April my plan is to change how I spend my money. I’m attempting to use cash more often.
Now it’s time to switch gears…
You can’t let the world pass you by in your 20s…
There’s so much to learn and do. There are many challenges to take on. Many goals to set. Many risks to take.
Don’t be that person! Stop complaining and blaming the world for your problems. If you want to get out of debt, you need to create a plan and stick to it. If you want to start a business, you need to launch it now. No more waiting around for something to happen.
What goals have you set recently?
I mentioned a few weeks ago how my good friend Justin moved out of his home and into an apartment because he needed some motivation. He now lives on us his own and pays rent. He has to hustle. He has to work. And he absolutely loves it.
What goals have you set? Some typical goals include:
- Start a side business. Everyone wishes that they could start the next Facebook or even make some extra money on the side.
- Quit your job. If your job sucks, you likely want to quit and be free for once. This is very common.
- Learn how to become more social. Some of you might just want to become more social and learn to meet new people.
- Get into better shape. Who doesn’t want to get into better shape? We all think about looking better and eating better, yet we don’t take any action. We just complain about our beer bellies.
Sound familiar? We think that we’re all so unique, yet we have such common goals.
What’s the point of setting goals? Nothing really. There’s no point to set goals or to think about stuff that you should be doing.
What you should do is create an execution plan for how you plan on getting to where you want to be.
There’s a huge difference between where you are right now and where you want to be. That’s cool. The trouble lies in being delusional about where you really are right now.
My experiment in March proved that if you set a goal and execute it properly, you can see some decent results. I was able to save some money and work on my social skills without relying on alcohol to be social.
Now it’s your turn.
Are you going to save more money or work on something new? Share your future challenges or plans with us.