I am bringing back my ‘No-Spend’ months. Starting today, i’ll be officially locking up my credit card for any non-essential purchases with a few exceptions.
Let me start by saying, i’m usually amazing at saving, always have a few months saved. But with the house, I am officially cutting it way too close. But after receiving two ‘half-paycheques’ in September (this was rough), my bank account is feeling it & needs a saving break. I did my best to finally return the returns I had in the back of my car & have pretty much locked my credit card away. So now that things are pretty well calming down around here house wise, I am going to do a ‘No-Spend October’ that may be extended (with the exception of christmas gift purchases).
So what am I allowing a few exceptions for:
- Groceries: I can’t let ‘P’ do all the grocery shopping, so I’ll do my share.
- Payments: Obviously same as above, my monthly house contribution needs to continue.
- Nails & Waxing: I do this once a month, & I refuse to let those go.
- Replacing items: my shampoo & conditioner are almost done, so honestly those might be the only replaced items but basically any necessities only once they are empty, done & thrown away!
Hopefully this is the kick in the butt I needed to really get back to budgeting & getting back into a saving mindset, because lord knows I need to stop spending money like an animal & get my bank account back to a semi comfortable place (which I know will not happen over-night), but a few no-spend months & proper budgeting will point it back in the right direction.
Have you ever participated in a ‘No-Spend Month’? How did it go?
Do you have any money saving tips to share?