A month or so ago, my cousin introduced me to the One Rand Man. I hadn’t heard of him and was intrigued by the initiative, so started following him on Twitter and Instagram, and soon found myself engulfed in his crazy world.
If you have no clue who I’m talking about, I suggest you educate yourself immediately. Long story short – One Rand Man spent all of July living on R1 coins. His entire salary was paid in R1 coins, his credit cards were all locked away in a safe, and every single cent he spent in July was paid in R1 coins.
I cannot fathom that. My lifestyle is quite luxurious and I rarely think before swiping my credit card. I love spoiling myself and other people and living my life without stressing about costs. Money really isn’t a concern of mine. My debt is manageable – it’s not like I’m drowning. Some months are a lot worse than others though, I won’t lie.
One Rand Man has opened my eyes – I need to start saving like an adult, spending like an adult. Yes, I put a portion of my salary away every month in an investment fund and I have a small amount in savings – but I regularly dip into that to buy concert tickets, fly to Cape Town for a week or two and eat out at extravagant places. I have no idea how much money I ACTUALLY spend every month.
So, for the month of August, I’m going to track my spending down to the last cent. I’ll blog about it weekly, outlining where my money is going. Eeeeek! I’m petrified to see what I spend on food each month – I don’t even eat out that much, but I spend a lot on quality ingredients for daily meals. (Obviously, being a foodie.)
Let’s see how it goes. Hopefully it’ll open my eyes a bit and allow me to start saving a lot more. But first – I’m hiding the credit card.