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03-03-2008, 12:01 PM #1
Is a no spend challenge for a whole month too tough?
I was thinking about a no spend month, except for gas, bills and food. Is that crazy? We really need to jump start our budget and I thought this may be sort of like a good experience to start with.
Bethany
Mortgage: 220,000
GOALS:
~Make weekly deposits (no matter how small) to savings account in order to get into the habit of saving.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
As of 2-12-12........
CC 12,000
Paying down agressively!
No other debt!
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03-03-2008, 12:04 PM #2
It can be done, but I caution against it. When you start to feel deprived you will go overboard!!!
Give yourself maybe $5 to go to the dollar store or thrift store. It works for me!
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03-03-2008, 12:31 PM #3
I'm actually going to do this this month. Only bills, food, gas and for me, party supplies (BF's b-day party and already have it in my budget) so unless it's on my budget, it's not being bought. If I can go one month doing this, I"ll be so far ahead!
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03-03-2008, 12:55 PM #4Registered User
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I plan on no spending except bills this month. I will probably take the kids to McDonalds one day to eat and play at the playland.
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03-03-2008, 01:23 PM #5Moderator
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~No matter what I give myself to spend, I always go a little bit over. So at least if you plan for $0 and spend $25 it's better than if you'd planned $25 and spent $50, kwim?~
~Constance
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03-03-2008, 01:53 PM #6
It can be done...I know this is what we did when we wanted to get a "jump start" on our EF. It's not fun...but we did it.
However, I did it during the summer so I could take the kids to various free outdoor activities, that was our way of indulging ourselves and not feeling sorry for ourselves.
Good luck! I know you can do it!"We fix our eyes not on what is seen, but on what is unseen; For what is seen is temporary, but what is unseen is eternal."
- 2 Corinthians 4:18
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03-03-2008, 02:40 PM #7
I was thinking that March would be a good month to do this since March comes in like a lion and out like a lamb...It will sort of be a gateway into spring. I'm going for it, I'll keep you posted. Thanks so much for the encouragement and the honest feedback. I truly appreciate it.
Bethany
Mortgage: 220,000
GOALS:
~Make weekly deposits (no matter how small) to savings account in order to get into the habit of saving.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
As of 2-12-12........
CC 12,000
Paying down agressively!
No other debt!
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03-03-2008, 04:30 PM #8
We are on a spending freeze for the month of March too. Only necessary bills, food and gas. I did spend $10 - saturday night with a friend at a thrift store. I found 2 coach purses in excellent condition for $5 each. Somebody didn't know what they were worth. Other than that, there won't be anymore spending this month.
Pennies add up to $$$.
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03-04-2008, 10:41 PM #9
I've been trying to do this... gotten a little confused lately between things I need and things I want
. I need to do better. Last year I had no trouble doing a no-spend month.
Maybe springtime will be easier, since there is so much more to do outside, for FREE! I also like the dollar store idea.
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03-05-2008, 08:16 AM #10Registered User
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BeachBaby:
Put those suckers on Ebay and get some extra money! I used to be a collector of Coach, Louis Vuitton, etc. I sold them all on ebay when I quit my job years ago and made a bunch of money!
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03-05-2008, 12:59 PM #11
Every penny I have is earmarked this month BUT dh and I also have our monthly allowances earmarked too.
My allowance is going for a girls vacation in June so I am not spending.
One thing also, is that I budgeted in $25 for yard supplies each month and it is FUN to shop for plants, tools, stones etc so that helps me alot with the urge to shop and spend.
Once again--earmark the money and budget it in and get CASH and don't spend over.The math never lies, budget in INK!
Amount of Free items 2012 $391.33

Debt #2 12/31/12 CC $901.88
Debt #3 12/31/12 $3648.83
Madness, mayhem chaos...my work here is done!
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03-06-2008, 11:55 AM #12
we mamage to pay ouer bill`s and get our
food ,but we never can get any put up .
when I did put a 100;00 up . it had to be used. suck`s
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03-06-2008, 01:45 PM #13
Well,
so far I have not spent any money at all for March. I was very tempted last night to hit a drive through for some onion rings, but I fought my craving!!Bethany
Mortgage: 220,000
GOALS:
~Make weekly deposits (no matter how small) to savings account in order to get into the habit of saving.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
As of 2-12-12........
CC 12,000
Paying down agressively!
No other debt!
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03-06-2008, 03:37 PM #14Registered User
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Never will happen here. (sigh)
To be One With The Universe In Spirit, Mind and Body
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"Every achiever that I have ever met says, 'My life turned around when I began to believe in me.'"
~ Dr. Robert H. Schuller, Minister and Author~
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03-10-2008, 09:43 PM #15
OK, here we are at day nine and I haven't spent a dime of money except for gas, bills, food. I don't even feel deprived. I think that I"m like an alcoholic when it comes to spending. I can't even start, because then the floodgates open and I don't want to stop. Does anyone else have that problem?
Bethany
Mortgage: 220,000
GOALS:
~Make weekly deposits (no matter how small) to savings account in order to get into the habit of saving.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
As of 2-12-12........
CC 12,000
Paying down agressively!
No other debt!
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