Hello again, savvy savers! As many of my readers and online friends may know, I am always juggling several projects, business opportunities, scholastic goals, and home projects at any given time. With so much constantly going on, it’s sometimes easy to forget one of my main passions, and antithesis for this blog, the ability to save money, while live a better live, in hopes of having a “whole living blog,” to help me have a better run life. So, for 2015 I have decided to take an old-school approach to spending, and so for every other month this year, for the months of February, April, June, August, October, and December I will be participating in a NO SPENDING month cycles!
Why this crazy idea? Well, a month of NO spending is an awesome way to both reset your spending patterns, as well as to either kick-start your budget or revamp and make changes to any existing budget you or your family may have. This is also a great challenge for personal responsibility; you can track what you have been spending your hard earned funds, and keep yourself on track, in terms of responsible spending thereafter.
I will be blogging daily about my NO SPEND struggles, victories, and suggestions from the previous day, and will be posting easy-to-follow daily challenges for my readers during my no-spend months. As well, each Sunday will share what I’ve learned, saved, and gained from this challenge as part of my Weekly Goals & Reflections Posts. I hope that many of you will join me in this challenge, as we can all you use more ways to save around the home.
The rules are pretty simple:
- No spending on anything beyond absolute necessities.
- Eat from your pantry & freezer as often as you are able.
- And make changes to the way you purchase and consume goods, services, and commodities in your home.
- The idea of the challenge is to keep up with your daily activities,, but the main goal is simply to stop spending.
- This challenge can be a life changing experience, as you may just be amazed at how your mindset and perspective will change after just a month of seeing how you can enrich your life, without spending more!
There are a few exceptions to the rule as follows:
- Unavoidable expenses related to employment, such as gas, are okay.
- Unavoidable school related expenses.
- Doctors appointments, veterinarian appointments, co-payments, family/pet prescriptions, and therapy sessions are okay.
- Do keep existing service and repair appointments that can’t be rescheduled to “Spending” months, such as hair appointments, lawn care services, trash removal, in-home repair services, etc.
- Do keep existing tithing and charitable giving.
- Do have an adequate stockpile of necessities prior to beginning this challenge, such as pet food, bedding, litter, laundry detergent, dish soap, snow salts, bottled water and emergency staples (if you live in areas frequently affected by seasonal weather), etc.
- Do keep up with healthy living habits. I will continue to use my envelope saving system to fund app purchase rebates (iBotta, Shopmium, Snap by Groupon) for fresh produce and milk savings that may pop-up during my no-spend months; due to my PCOS I need several servings of fruits and veggies daily, and these app savings help keep my freezer stocked on a budget.
- And it goes without saying, please do pay all of our monthly obligations; rent, mortgage, insurance, utility payments, banking fees, student/financial/business loans, medical expenses, and assumed or credit card debt.
February is not just about not spending, although that will be our main goal. I always challenge each of you to find ways to live well, live better, find new sources of joy, will spending less. You may just find out just how much we already have, and how little more we really need. And hopefully, by the end of them month, a life rich with family, friends, and creative planning, secured by fiscally responsible measures, will be who we truly are. In addition, I hope to make my posts comments section a place of encouragement and accountability for us all, too!
I’m not gonna lie, there presumably will be tough moments, and for that reason, with one week remaining, stock-up on any items you currently feel you cannot do without; I will buy an extra pack of Cherry Coke Zero, Brumble & Brown Strawberry Spread, and a large bag of Life Should Taste Gluten-Free Chips! This planning also lends itself to the 31-day cycle, for months with less than 31 days.
I’m not sure how many of you are on board for this month’s challenge but the gauntlet has been tossed, and I am calling on all of you all to try this challenge, in your own way, with your own rules, and just to do this with me. Right here, right now let’s both commit to a whole month of no spending, starting in February!
Here’s to Saving,