Have you read about these crazy people who don’t spend money for an entire month (here, here and here)? Sounds like craziness to me! So crazy in fact, that I think I want to try it. But this challenge doesn’t really seem like one that you can take on half-heartedly. It’s either no spending on incidentals, or back to my old spending ways.
Since February is the shortest month of the year, I’m going to try it. Twenty-eight days of no spending – except the mortgage, bills and a budgeted amount for gas and groceries. Should we take bets now on whether or not I can do it?! If I did my math right, I think I can save $500 by sticking to my plan. And $500 would go a long way to a great vacation!
Here is my plan. Things that will get paid – because I have to:
- electric, cable, water, and phone bills
- student loan
- other loans (home depot card)
- car and life insurance
- two tanks of gas
- limited groceries (the plan is to eat from the freezer and pantry)
Incidentals that will be my “financial wins” for the month (trying to keep it positive!)
- trips to Starbucks
- random purchases at Target
- use all my current craft supplies so I don’t have to go to Hobby Lobby or Michael’s or Joann’s
- new clothes
- goodwill trips
- beer or wine
- trips to home depot
I will focus on using what I have, using gift cards that have been collecting dust in my wallet, or choosing the free options. I’ll try to do some updates throughout the month – to keep me accountable and to share my progress. Gulp!
It’s a good thing I just bought new running shoes (at a huge discount, I might add!). Maybe running every day will keep me from wanting to go shopping!
Thing I’m crazy? Crazy enough to want to try the challenge with me?