No Spend Month Challenge
Starting
the first day of the upcoming month, can you go on a no-spending spree for a
month to help get your finances, bills, or buying habits under control?
This
means you cannot eat out or go to a movie.
Do not buy take out, only buy perishable groceries when nothing in your
pantry will work as a substitute. You
cannot go to the mall or strip mall or consignment store for clothing, shoes, and
purses. Even if you cannot go all in (as
it were), cutting back is better than not even attempting a no spend month.
Peter
Walsh suggested something along the line of this: have a need and a place for
the item you want to purchase (not a want), if you do not, then do not purchase
that item. I am trying to follow his suggestion. A no spend month puts even this purchase on
hold.
However,
I would like to add, if you spend money for an unnecessary want, consider then,
what will you have to do without since you bought it that item?
Can
you still do that special "date" with loved one, whether spouse or
child?
How
hard will it be to pay anticipated upcoming bill (utility, credit card, taxes, and
insurance)?
Have
you paid into your "rainy day," savings, or vacation expense accounts
this month?
Have
you reduced credit card bills to "zero" balance each month or have
you started adding extra money to the payment each month to speed up paying
down a card?
Can
you use something else you already have to fill this need or want for purposed
purchase?
As
you can see, I am a "what if" and list type of person.
Good
luck with the No Spend Month. Hope you
do well.
Perhaps one of the preceding questions
will help you reach your goal of no spending for the month.
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