How do you not spend money in a month?
Well the answer is the obvious.
So what do you do?
I’ve seen “no spend” months around the internet world over the past year and did try to do a no spend week. It didn’t work too well.Earlier this year, I cut Facebook and Starbucks. Even though Facebook wasn’t “money,” it was easy to do with the app being off my phone.
For Mother’s Day I got a Starbucks gift card and used it but I should have saved it til after the “no spend” month on Starbucks.
I ended up adding $10 towards the end of the “no spend” month I had planned for Starbucks. It was definitely better than the $30-$40 I usually spend.
Most of it will be my spends (I love candles and getting the pricey bread roll 1-2 times a week at Whole Foods) in terms of cutting spends.
Here is what I plan to cut/ reduce per week (starting July 8th):
- Whole Foods trips – 2 times a week, $7 each time = $14 total
- Dine Outs – 2 times a week, $12 each time = $24 total
- Weekly Candle Spend – $3
- Starbucks – $8
- Groceries – Reduce by $25
Total Extra Spends PER Month= $227
Now when you look at each total individually, you may think “it’s not that bad.” But over $200 we could save on random spends? Worth it.
Now we will still dine out, but we will make it only for dates (which we do once a month) and a couple of times to treat the kids if we’ve been out all day.It’s important to plan out these things.
As for our schedules, my husband and I have Saturdays off together plus a couple of early afternoons in the week. If we have a plan of what we can do with the kiddos, such as the beach, park, etc., it will save us money in the long run.There are plenty of free [and cheap] activities such as the beach (certain ones), park, the library and more!The inexpensive places we enjoy are going to the farm to feed the animals and go fruit picking.
I do plan to keep my work salads (but ditch my Whole Foods runs) because it truly is something I look forward to each week and it’s only $5.00 per week.
It is important to note that this challenge is not about depriving myself or my family, but learning to be more mindful with our money. ❤
Have you ever done a “no spend month?”
Click HERE for my post on Seven Ways We are Saving Money!
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