When my blog first launched during the 4th of July, I went through my Twitter feed and saw that David from Zero Day Finance was offering anyone to do the Zero Day Challenge. It was featured on CNBC, Yahoo Finance and on the Rockstar Finance. So I read about what the purpose of challenge was the how to track your spending. I figured that since I track all of my spendings on a monthly basis then I should try tracking it daily and see where it goes. So during the second week of August I went ahead and started the challenge for a month long period.
What is the Zero Day Challenge?
The Zero Day Challenge is where you tracking your daily spending and see what days you spend no money at all: zip, nada, zilch!! It is month long challenge to see how many zero spending days you have within that month long period. The more zero days you have the better. This is also a way if your spending days were worth going to buy or just to buy something that was not worth it.
Zero Day Tracking Chart
David was gracious to provide a spreadsheet to whoever took the month long challenge to track your spending and the amount of zero days you had. I originally had it on my own spreadsheet and I posted on my Instagram:
But after looking at David’s spreadsheet, it looked more detailed and tracked how much you spend on a particular day. So I went ahead to entered all of my tracking on his spreadsheet. Check it out:
The sheet shows how much I am spending as the each day passes. Like I mentioned earlier, there were a few days like on the 21st, 23rd and 24th where I could spend it all in one day and it would have given me two extra zero days.
As you can see on the graph on day 24 where my spending shot up, it was my rent and internet payment. Everything else was pretty much on a steady line
Thoughts on the ZDC
For the first week of the challenge, I wanted to try out this challenge just to see how my daily spending went without the worries of feeling that I should not spend just because of this challenge. I wanted to spend the way I usually do and after the first week, I went through my Personal Capital account, where I link all of my credit cards, and see how my spending went. I did spend a few days on cash so I would just keep the receipt and put it together on a paper clip.
After that first week, I realized that there were days that I could have bought the day before or day after but stuff comes up like needed food for home and thus their a couple days where I would spend $3 at TJ’s and another $4 the following day. I could have lumped my spending into that one day and it would had resulted in a couple more zero days.
I tried to consider everything I spend as non-zero day just to figure out how my spending would go on a daily basis. Like the bag of cheese puffs that I bought as my only purchase that day.
Lessons from ZDC
After doing this challenge for a whole month I realized that my spending are fine but the way I spread them out is something I need to work on. Maybe I am being too harsh on myself but I should plan to lump my purchases into one whole day and not randomly buying a couple items one day, one item the next, and three items the day after that and so on. Instead of 13 zero days I could have had 17 zero days. I did not put an exact number of zero days I wanted to achieve but 20 zero days would have been nice.
Also it would be have easier to do the challenge throughout a whole calendar month instead starting the second week of August then overlapping into the first week of September. But the thought of starting this challenge was running through my mind the first weekend of August and figured to start the following week. If I want to do the challenge again, I’ll make sure to do it in a whole calendar month so it will be easier to track.
Should I do the challenge again?
Yeah, it was a fun challenge to do would want to give it a shot again. I highly recommended doing it for any purpose you so desire. Whether it be see how your budget is doing, know where you are spending or just want to know if have a goal in mind on how many days you can have zero spending.
Maybe towards the end of year I will try the challenge again and hopefully I will get to 20 or more zero spending days.