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personally, i never start doing any projects like that.
i don't think they'll have much value. and that i won't learn anything useful from it. i'm sure it's fun if you like snapshots, but i don't. so i'd just end up with lots of pictures that i didn't have time to put enough effort into, and it'd all end up pretty mediocre. i like planning things for weeks and dedicating myself to it completely. that's what i learn from, that's how i grow.
i also think i would just loose interest after a few weeks. my life isn't that interesting that i feel the need to document every single day of it. xD

but yeah. that's just me. ;]