Photo via StockMonkeys.com.
On Monday, I shared our super scary hairy audacious goal to pay off our mortgage in the next 5 years. It is a terrifying prospect, but the idea of having that much more income ours to hold on to in possibly 4 years sounds heavenly. In that post, I wrote:
Instead of just committing to the goal, we’re going to spend the next two months living uber frugally. We’re going to get back to truly sticking within our food budget, and attempting to live on our lowest salary…
Instead of just stating, yes, we’re going to go forth and live miserly on pennies a day, we’ve decided it would be best to “try it on for size” first before we actually commit to the long-term plan. This gives us the ability to save additional income we had not planned to save this spring, and see if we truly can make it work and still function decently in the process.
One of the best ways to see if something will work for you is to try it out for a shorter time period. Instead of focusing on the 5 year plan, we’re focusing on the next two and a half months. If that works and we get used to it, then it’ll be easier to tackle each month going forward.