My Challenge: Spend Nothing August

I found another blog I enjoy and her recent challenge to spend nothing in July got me thinking.

Of course, unless you own a farm and don’t use fuel, it’s probably impossible to spend nothing… but the point is to spend as little as possible and really question all your spending for a time.

I’m going to do this in August.

I have an important goal for October, and this will help me get there a little more easily.

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Creative Commons License photo credit: iChaz

I have set a goal of moving out October 1st.

For those of you who don’t know, I’ve been living in my parent’s home since December 2006. It’s been a blessing to be able to stay here for more than one reason, the least of which is being able to save money, build my business and meet some financial goals (like getting out of debt. Woohoo!).

But it’s time to move.

You know that old saying about leaving the party while you’re still amusing?

My parents say they like having us here and feel safer with us nearby, but they’re just being nice. They deserve to have more peace and quiet, their own routine and alone time (no matter what my mom’s comment says below. lol!)
:-)

So No Spend August will help me meet some goals. For one, I have my security deposit and first month’s rent set aside in savings, but I also want to have an emergency fund. My emergency fund got eaten up a couple of months ago when I dropped a grand on car repairs.

The awesome back to school sales going on right now will tempt me! And in fact I may take advantage of all the .01, .05 and .09 deals I’ve seen at the drug stores, office supply stores and etc.

I’ve set a budget for $10 a week.

Outside of food, petrol and bills (like business expenses), I can only spend $10 a week.

The kids don’t need any new clothes or shoes.
I don’t need any new clothes or shoes.
I don’t need any new household items until I move.
I can (gulp!) live without Starbucks for a month.
I can do free entertainment. Helloooo library books and DVDs!

Want to join me?

About Carrie

Happy wife, homeschooling mom of many, autodidact, best-selling Amazon author, blogger, head chef and barefoot walker. Residing just outside Atlanta, usually found reading a book while sipping a hot beverage.

Comments

  1. I really like this idea. Maybe I’ll try it.

  2. I’ve done this before but with a slightly different angle. I said that I couldn’t buy it unless I could buy it at a Grocery Store (and I don’t mean those super stores, either). So, basically, food, paper products, and health & beauty stuff. lol. Caveats were gas & medical.

    I made it over a month and our finances reflected it.

    I may just join you. :)

  3. Not True! We’re not just being nice. We love you. MOM

  4. Awesome challenge. I think I would sink like a stone. I have real spending issues. I think I may just join you…but can I have an Amazon spending spree first???? LOL.

  5. I love this idea! My DH just left for two weeks and I bet I could get through the 2 weeks on my own – no way I could count him in on it. LOL Maybe I’ll do September so he can be in on it too.

  6. Carrie, I think this is a fantastic way to do a No Spend Month. $10 a week is a great goal! I had to learn how to make my own iced coffee during mine, but now I actually prefer it to Starbucks. Your site is wonderful and I look forward to reading more.

  7. hmm. Considering I just sat down with myself and had the whole “Where is it all going and why is it such a HIGH number”, this title struck a chord..

    Even removing food, bills (to include rent), and gas, there is still babysitter (not so I can go out for entertainment, but so I can work), camp, cleaning help (ok sounds spoiled, but its a necessity for sanity), gifts – have 3 big parties this month, back to school books, uniforms (if outgrown).

    You know what.. just writing this makes me realize that the bulk of my expenses are in the ‘allowed’ sections and I have to figure out a way to reduce those. They are just out of control lately!!

  8. Lisa | Holistic-Treatment-for-Depression says:

    This is a great exercise, even if just to show kids that you CAN have fun without spending. It’s amazing how young they can be when they start to pick up on our culture’s spending addiction.
    And, since undergoing a major financial crisis last year, we’ve been on a spending lockdown, it’s amazing what we’ve learned to do without.

    The great news is that our general quality of life hasn’t changed. The stuff that really matters is still free, like good friends, quality, organic, local food (certainly not free, but when you make it a priority, all things fall into place somehow) and peaceful, (as peaceful as it gets with a toddler!) meaningful time together.

  9. Jennifer Berendt says:

    There is a book called ‘Not Buying It: My Year Without Shopping’. It might be an interesting read for you.

    http://www.amazon.com/Not-Buying-Year-Without-Shopping/dp/0743269365/ref=pd_bbs_1?ie=UTF8&s=books&qid=1217959359&sr=8-1

  10. @Jill – I definately agree with your assessment.

    @Jennifer – thanks, I will check that out – from the library of course since I can’t buy the book this month. ;)

    @Rachel – thanks!

    @Tiffany – well as long as they’re purchased through my amazon link, that’s ok. ;)