Budgeting Challenges
Last year, I sought to challenge my financial habits with a combination of spending less and investing more. One challenge was offered (for free) by the Wall Street Journal. The challenge was simple. Over the course of eight weeks, I would reflect on my financial habits and consider which habits to be useful.
Over the course of the weeks, I tuned in with my goals and intentions with my hard-earned money. I journaled, kept track, and meditated on the idea of money. If you’re a novice on how to think about money, I would sign up for a money challenge and watch yourself reframe how you think about cash.
Morning Brew’s Budgeting Challenge
I specifically decided to write about this topic for this Sunday because Morning Brew’s Money Scoop launched their budgeting and investing challenges located here. It doesn’t hurt to receive weekly emails on budgeting or investing through Ryan Lasker.
This first week passed and the main challenge was reflecting on your habits like mentioned above. Here are examples of insightful questions Ryan asked:
What was your relationship like with money growing up?
How has your relationship with money changed as you’ve gotten older?
When your parents brought up money, what were they talking about? How did these conversations inform your views on money?
There are plenty more questions, but these sorts of challenges typically start off on a reflective note.
Outcomes
I’m working my way through the challenges and these sorts of programs feel like an enjoyable retreat from my usual. As I work in marketing, our biggest topics of discussion are value and optimizations. What is the overall value that my money brings and how can I improve?
I hope you take the sign-up and go through the course with me! Feel free to write after the program is over. I’d love to hear about your progress.
See you next week.
-Jordan