That was the subject line of an email I had in my drafts. Which unfortunately I failed to elaborate on, and now left to wonder what brilliant idea I had all those weeks ago, haha…
I thought it might be fun to take some guesses though and see what we can make out of it? ;) Back during that time frame we were living at my mother-in-law’s and taking tons of walks around the neighborhood – all of which were miles away from any store – so here’s where I think I was going with this “walking budget” concept:
If I really want to buy X, and I’m willing to walk to the store to get it – however far it may be – then I’m allowed to pick it up for myself. As long as I walk there :)
That way only the stuff you REALLY want will be bought cuz you have to go way out of your way to get it. The only thing lacking with this though is the “budget” part. As it doesn’t clue us in as to what types of amounts or caps we have to play with (what if I want a new jag? Would it fit in my budget as long as I walked those 10 miles to pick it up? Of course not). But I’m guessing we’d be smart enough to know our own situations before walking out that door…
Here’s another route I might have been going with this:
If I walked from point A to point B, I could save $____ in gas, and then could use that money to buy my desired object!
Makes sense in theory, right? :) The kicker here though is that you’d have to walk pretty damn far in order to save any decent amount of money from gas whatsoever. Even if you had a massive guzzler like my ol’ Cadillac. So unless you’d be willing to walk 80 or 90 miles to reach that store and get your object (and make the return trip too!), it’s a lost cause from the get go… And perhaps why I never finished writing out my thoughts in that draft, haha… It should have been deleted! ;)
Regardless, the takeaway here is that it never hurts to try out new idea or methods in order to help keep yourself on track. As silly as some of them may sound, you’ve gotta spice things up every now and then so you don’t get stuck in a rut. Or worse – give up on your goals. Especially as your motivation starts waning.
I’ll probably lay to rest this “walking budget” since I can’t totally make sense off it like I had hoped, but it is a nice reminder to get out there today and take some long walks at least :) Maybe I’ll get healthier AND find something exciting for the 5 cents I’ll have just saved?! Haha…
What do you guys make of this half-baked idea? Anyone else trying some creative budgeting approaches these days?
(Photo by hokkey)
Killer resources and apps:
- Best Budget Templates & Spreadsheets (FREE)— The best free budget templates from around the community! Including the ones I use :)
- Personal Capital* (FREE) — A great app to track your investments and net worth. You can see an in-depth review we did here from a millionaire who checks it daily 😂
- You Need a Budget (YNAB)* (FREE TRIAL, then $14.99/mo or $98.99/year) — One of the BEST budgeting methods in the space, with new users saving $600 on avg their first two months, and more than $6,000 over their first year! Check out my friend Vic’s review of YNAB here that went on to completely change his finances 💪
- Digit (FREE 6 mo. Trial, then $5/mo) — This is one of my favorite apps for automatically saving money, and I even came on board as an advisor I believed in them so much! You can see my full review on Digit here.
- Acorns* ($3-$5/mo) – Similar to Digit, this app helps you automatically INVEST money by rounding up all your transactions to the nearest dollar and then investing it right away for you. My full review of Acorns can be found here.
- Honey (FREE) — By far my favorite coupon service out there! Click the Honey button any time you're about to buy something online, and BOOM - any discounts it finds will be automatically applied at checkout. You can see my write up on them here.
- Credit Karma* (FREE) — An easy way to check and monitor your credit score AND report! See my full review of these guys here.
- My Favorite Blogs + Books < -- Click here to see all my other recommendations!