This is a guest post by Chelsea who is documenting her Spending Fast here on ATWS…
After paying over $1,200 towards my $25,000 debt in the first month, I knew the following months of my Spending Fast would be tough. Initially I felt empowered and excited to pay that much towards my debt, but then doubt set in. What if I can’t even come close to that amount in the following months? What if I run out of things to sell on eBay? What if I hit a Spending Fast plateau?
I’m three weeks into my second month and while I don’t know specifics yet, I think I’ve paid around $100 this month on my debt. HOW TERRIBLE! Wait, that’s not terrible! I have a constant battle in my head that goes from one extreme to the other. I needed to find a way to calm my thoughts while remaining motivated.
It was time for a monthly payment goal! Not only are goals great motivators, they’re also awesome at putting self-doubt at bay. Originally my goal was to put $1,000 towards my debt each month. This is an excellent goal but not very realistic. Goals need to be motivational, not discouraging. At $12.25 an hour, dropping a Grand each month is unlikely. I have set my new goal at paying $500 monthly. I feel that $500 is something that’s attainable and if I get awesome and exceed it then, well, that rocks! If there has been one thing I’ve learned these past few weeks, it’s that keeping things positive is a requirement for my Spending Fast journey.
So instead of being discouraged, I’m now excited. I still have a week to earn more money and meet my goal. Last Friday, I cruised over to Craigslist and saw that someone was hiring someone to address envelopes. I met this Craigslist gentleman and was handed a bag with over 600 envelopes and a list of addresses. He also gave me over 3,400 Post-It notes to write on, if I happen to finish the envelopes.
Let’s just say this past weekend was an unusual one. I am receiving ten cents per envelope (and Post-It) I complete. While ten cents isn’t much money, ten cents times 4,000 is a good amount. Completing this project isn’t glamorous or going to make me rich, but it is going to help me achieve my monthly goal.
If you are on a Spending Fast along with me, I encourage you to make goals. After you make them, really think about if they are attainable. There is nothing worse than setting yourself up for failure. I am on this Spending Fast because I know I can create my own future. Establishing a goal and getting creative in order to meet it is going to help me get there.
Next week I will be reporting back with my Month Two totals. I hope you stay tuned!
Chelsea Overton is in the midst of her Spending Fast® and writes about it from North Carolina with her bulldog, Xena, and boyfriend by her side.