One year ago this week, I set out to achieve a goal:
By September 22, 2015, I will “earn” $25K by reducing spending, getting rid of things we don’t need, or earning a little extra doing something I love.
That date was last Tuesday, so how did I do against that goal?!
I earned $10,330.51!!
Do I feel bad about missing the larger $25K goal? Absolutely not. This has been one of the best, most enlightening projects I’ve ever done! I also realized halfway through that tying this journey to a dollar amount was a pretty terrible idea.
#1 Lesson Learned
Why? Because it’s not the money that matters, the real reason to embrace having less “stuff” is that it leads directly to having more time.
Time to spend with the people you love
Time to travel
Time to learn a new hobby
Time to try a new recipe
Time to relax
Time to read
Time to learn
Time to be you.
Time is the only thing that matters and this year I’ve given myself a lot more time.
How I Saved $10,000
I also ended up saving a substantial amount of money that I otherwise wouldn’t have. Who wouldn’t want an extra $10,000? That’s huge! Where did that come from?
- $1288.67: We refinanced into a lower cost mortgage in March and since then have saved over $1000.
- $4219.77: This is the amount we’ve saved simply by not buying extra stuff we don’t need for the house (furniture, knick knacks, etc). It’s amazing to see this amount consolidated into one number. That’s a lot of money that I’m happy I still have.
- $1410: We paid off our car with our tax return and have been saving the extra funds.
- $3412.07: This is miscellaneous savings. Extra funds from coming in under budget on groceries, bills, and other budget categories. We saved most of the money from raises we were lucky enough to get this year, I sold a few things, and saved all of the interest earned on various accounts.
If I’d had more motivation to make money, I also would have tried harder to sell some of the items we de-owned. I have a huge pile downstairs of the things I’ve earmarked through the KonMari Method. The only reason this stuff is still around is – quite frankly – because I’m being a bit lazy. However, I like to think of my laziness simply as prioritizing time spent with the kids in the evening over making progress on this goal. It will be donated or sold by the end of the year.
I loved this project so much that, for the next year, I’ve decided to continue it, but with a slightly different goal:
Over the next year (by Sept 30, 2016), I will finish organizing using the KonMari Method and then concentrate on finding at least two hours a day to work toward long-term goals such as starting my own business and writing a book.
Thank you to everyone who has supported me and joined me in the past year! Especially my husband, Nathan, our two daughters and my friend, Jossie, who have all gone above and beyond in their support this year.
Here’s to another great year!