AAAAAAAAND we’re off! Day one of the #DailyMickle Challenge had begun folks! For the new comers, I’ve decided to challenge myself to live on only JMD$2,500 (US$25) per working week (Mon-Fri). That works out to about JMD$500 or US$5.00 per day but the limit only refers to weekly expenditure. So I can spend anything I want each day, as long as I don’t go over the weekly limit. Credit/debit cards are left at home and all I have on me is the exact amount of cash withdrawn for each week.
My friend Janeen, over at The Dryland Tourist has chosen to join the challenge with me. Anyone else who wants to join in is totally free to do so. Just let us know in the comments or via Twitter and post using the #DailyMickle hashtag. If you’d much rather watch and take bets about who caves first, you’re free to do so as well!
Read more about the rationale for doing this in my previous post.
So today has begun with one taxi ride to work: JMD$100.
Today’s balance: JMD$400.
Week’s balance: JMD$2,400.
Lunch today, is provided by myself (left-over Sunday dinner). Over the weekend, I bought enough groceries to last me about a week and a half and cooked enough for about 3 days. I also had a large breakfast so there was no need to buy food this morning. None of this has been particularly challenging to me so far.
I’ll make the decision about walking home or taking a bus later this evening. A walk home for me is about 40 minutes at comfortable pace and I do this quite often just because I prefer to walk and enjoy my music, rather than stand at a bus stop for an hour with a bunch of strangers, and sit another hour in hot, noisy traffic.
So essentially, the challenge so far seems pretty easy. I have no reason to buy food, and all I really need to spend on is transportation, whenever I decide to take it. I’m well fed, so it’s not as if I’m starving or depriving myself of anything. We’re only about 12 hours into the challenge but at this point I really don’t see the big deal everyone was making.
Oh! Want to see something funny? Today, when I pulled out my wallet, which was already pretty unstable, here’s what happened:
Not sure what I’m supposed to make of it but apparently God is in on this challenge too and he’s brought along his twisted sense of humour!
Along the way I’ll post updates about how the challenge is going; if there’s anything I find particularly difficult, any tips I discover or try out, and other things I’ve learnt about general money management.
Be sure to share this will your friends and tell me what you think in the comments! Subscribe to the blog so you don’t miss any of the updates.