I enjoy reading a blog called Small Notebook. Its author recently hosted a challenge to spend nothing in July, which got me thinking about doing the same.
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 question your spending habits for a time.
I’m going to do a Spend Nothing challenge in August.
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).
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, gas for the car and bills (for instance, monthly 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. Hello, library books and DVDs!
Want to join me?