http://genxfinance.com/2006/11/14/the-brown-bag-experiment/ Helping a unique generation achieve financial independence. Sat, 21 Nov 2009 05:51:06 -0800 http://wordpress.org/?v=2.8.4 hourly 1 http://genxfinance.com/2006/11/14/the-brown-bag-experiment/#comment-300 Generation X Finance » Having Trouble With Your Budget Or Spending? Go Green Wed, 13 Dec 2006 19:01:10 +0000 http://genxfinance.com/2006/11/14/the-brown-bag-experiment/#comment-300 [...] The effects don’t have to be so drastic though. Simply having a visual and physical reminder of how much money you have and how much purchases cost can have a significant impact on your spending habits. When you switch back to cash you begin to again realize the true value of money which by instinct will create better spending habits. I personally do this for my lunches during the week and it has made a big difference. The first thing I did was determine how much I was spending on lunch during the week via my Brown Bag Experiment. Then using a set dollar amount per week to use for buying lunch I start the week with X dollars in my wallet. When I buy lunch it is with cash, and sometimes if I don’t spend wisely I end up eating an apple for lunch on Friday. But by using cash only I’m forced to stick to my budget, at least with my lunch spending. [...] [...] The effects don’t have to be so drastic though. Simply having a visual and physical reminder of how much money you have and how much purchases cost can have a significant impact on your spending habits. When you switch back to cash you begin to again realize the true value of money which by instinct will create better spending habits. I personally do this for my lunches during the week and it has made a big difference. The first thing I did was determine how much I was spending on lunch during the week via my Brown Bag Experiment. Then using a set dollar amount per week to use for buying lunch I start the week with X dollars in my wallet. When I buy lunch it is with cash, and sometimes if I don’t spend wisely I end up eating an apple for lunch on Friday. But by using cash only I’m forced to stick to my budget, at least with my lunch spending. [...]

]]> http://genxfinance.com/2006/11/14/the-brown-bag-experiment/#comment-67 Robert Wed, 15 Nov 2006 18:37:10 +0000 http://genxfinance.com/2006/11/14/the-brown-bag-experiment/#comment-67 My wife and I did a similar study and are now going the brown bag route. What was worse for us is that we work close to each other (across the street) and each lunch together almost every day. It was subway, Apple Bees, Wendys or one of the restaraunts in the casino across the street. Amazing how much we spent! My wife and I did a similar study and are now going the brown bag route. What was worse for us is that we work close to each other (across the street) and each lunch together almost every day. It was subway, Apple Bees, Wendys or one of the restaraunts in the casino across the street. Amazing how much we spent!

]]> http://genxfinance.com/2006/11/14/the-brown-bag-experiment/#comment-66 Money Smart Life :: Lunch Money Arbitrage Tue, 14 Nov 2006 21:40:20 +0000 http://genxfinance.com/2006/11/14/the-brown-bag-experiment/#comment-66 [...] Lunch Money Arbitrage Gen X Finance wrote today about his “Brown Bag Experiment“, and how much money he could save a year by brown bagging it. I’m all for saving money but sometimes you need to get out, whether it’s to network or maybe to get away from your “favorite person” at work. [...]

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