Here at Zero Day Finance, my goal is to save you money, a lot of money. The Zero Day Challenge is a fun way to reduce your spending, and learn a little bit more about yourself in the process. In the first 6 months of 2017, I was able to cut my spending by $9,216. This means I’ll have eliminated more than $18,000 in wasteful spending by the end of the year. Well, the time has come to take this to the next level, so I can help you save money too. Which is why I’m launching the October Zero Day Challenge. If you are ready to start saving hundreds of dollars per month, and compete for $250 in prizes, keep reading!
Most people think of retirement as a rich person’s dream. To retire, you need to wear a suit, earn hundreds of thousands of dollars per year, and invest most of it. With a multi-million dollar nest egg, you can finally “live the dream” of retirement. There is no way a household that earns $30,000 per year can ever afford to retire, right? Wrong. Even if your income is $30,000 per year, you can still retire, it just takes a little bit of planning.
I’ve had a spending problem for the past few years. Like the majority of Americans, I bought into the whole consumer lifestyle and bought “stuff” to make myself happy. I came to realize, though, that spending money doesn’t make me happy. It satisfies my short-term wants, but at the end of the day, it’s just “stuff.” I started the Zero Day Challenge to help combat my spending problem and achieve my goal of reaching financial independence by age 40, and early retirement by 45. I never imagined that I would decrease my spending by more than $18,000 per year.
Emergencies are always waiting to strike. It could be weather or a job loss. Your car could break down, or you could have an unexpected medical bill pop up. Regardless of the situation, having a stockpile of money to help you through these problems is extremely important. Not only will it help you weather these emergencies, but it will give you peace of mind that you can weather these emergencies. But how much money should you have saved? Well, that entirely depends on what your emergency fund is for.