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5 Budget Busters Challenge

13 April, 2008 (09:03) | Budgeting | By: User ImageDusty



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I spend a good deal of time reading personal finance and investing blogs. It is always interesting to get read the opinions of so many intelligent people, even if I disagree with some of the things that are posted.

I ran across an interesting challenge at Aching Debts. The concept is simple; list 5 things big or small that bust your budget, then tag 3 other people and invite them to join the challenge. Since this blog is so new, I really do not expect to get invited to participate, so I thought I would invite myself (Anyone is invited to participate, by the way).

Without any further ado, here are the 5 things that always “bust” my budget.

5. Diet Coke – No matter how hard I try to slow down or quit, I still buy 4 to 6 12-packs of diet coke a week. Every month I leave this out of the budget thinking that I will be able to quit this week. So far, no luck.

4. Fast Food – My wife is great about preparing a good lunch and dinner for me. Breakfast, however, is my responsibility. As such, I would say about 7 times a month, I wake up late and I am forced to stop at Burger King, or starve. I am such a slacker sometimes.

3. Snacks – Do you see a theme here? I think food completely runs my life. Maybe I should think about this some more.

2. Dogs – I have two wonderful dogs; a Scotty and a Silky. Don’t get me wrong, I love them, but they are so expensive. Both dogs are sensitive to whey protein, so we have to buy really expensive food so they don’t scratch themselves all night. The Scotty eats like she will never get another meal and the Silky has to have a few teeth pulled every couple years (he refuses to let us brush his teeth and won’t chew a bone).

1. Books – I love to read. Currently, I am reading about 5 books, which I will probably have completed next weekend. I always joke with my wife and say that when I retire, I am going to open a used book store, then lock myself in and read 12 hours a day.

The rules of the challenge are that now I have to tag 3 people to carry on the challenge. Here are the people I’ve decided to tag:

Hank @ MyInvesting Blog
LPKitten @ The Debt Defier
Saving Money Bug

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Budget Busters

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Comments

Comment from ~Kat~
Time: April 13, 2008, 10:46 am

I used to have almost the same budget busters!
Here are my suggestions for you.
Diet Coke, it is probably the caffeine you are after. I now drink a lot of ice tea that I make at home and carry with me everywhere.
Breakfast- sorry, that is an excuse. A bowl of cereal with milk takes less time to prepare and eat than going through a drive through.
Snacks…popcorn, apples, oranges. Cheap and good for you.
Dogs… gotta love em. Work them into the budget!
Books – get a library card and learn how to request books. I read 3-6 books per week and I would be homeless if it wasn’t for the library! I request bestsellers as soon as they come out and I always have something to read.
Nice blog!
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Comment from Dusty
Time: April 13, 2008, 11:27 am

I agree completely with you Kat! These are all things that are easily fixed, but I never budget for them.

The problem with cereal is that I eat about 3 servings at once (I wake up starving) and my library never has any new business books. The Dogs have been added as of tonight and my wife found this really good caramel salt stuff to put on our popcorn (which is awesome). Now if I could work on the soda thing :(

Thanks for stopping by. I really appreciate it.
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Comment from CindyS
Time: April 15, 2008, 2:40 am

It seems like it is always the small things that end up causing the most havoc in my budget. Small but recurring things that is. I am a diet coke fanatic too. I have switched to mostly tea or water. I feel better that way but then I get really thirsty and all of a sudden I am back on the diet coke habit again. Sigh… I buy my books at either the thrift store or goodwill. At 25 cents each, I can get a ton and it has expanded my horizons as they don’t always have what I am looking for.
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Comment from Cy
Time: September 13, 2008, 12:37 am

I love this post. I am going to challenge myself to go after five! I’ll report back when I figure out what the five should be. Great idea. I linked to this at my blog. Thanks.
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