If you have read my few articles in my little blog, you will see this is not the first time I have mentioned a no spend challenge. Or as I like to call them, “low spend”.
Every so often, I like to try and “use it up, wear it out or do without”. My goals for this “Nospender” month are simple. Try and use up things I have on have on hand and only buy what is absolutely necessary. It is a good way to search the pantry and freezer and use up things that have been pushed to the back. Also, it is fun to get creative to use up things that you may not know why you even purchased! By the end of the month, I may even end up with some extra money to go towards my saving and debt reduction goals.
So, here are my rules:
- Purchase no clothing items.
- Purchase no home decor or household items.
- Limit grocery purchases to a maximum of $25 a week.
- Spend no money on entertainment.
- Basically, freeze all spending except the minimum necessary for groceries.
- Stay out of the Dollar Tree and Ulta!
I recently won a chili cook-off and got a $50 gift card as a prize. I also have approximately $15 in Publix gift card monies that we received when we got our flu shots. I will use these gift cards to purchase groceries and non-food essentials before resorting to the $25/week allowed amount–if I can get by without spending the $25 from my budget that would be even better!
I do anticipate some challenges: I have a chili cook off at church so I will need to purchase some ingredients. And, there is a little holiday near the end of the month—THANKSGIVING! I will need to purchase a turkey but I will try and use other things I have on hand as much as possible. Normally, I like to purchase several turkey when they are on sale in November, but I probably won’t be doing that this year.
Anyone interested in joining me? Let me know if you plan to have a no spend month or even a week. I will check in regularly and let you know how it is going.