What
do you think of a NO SPENDING month? Have you done it? Did you stick to it?
What were the rules you used? Any tips?
Considering
doing it in October... Seems like a good way to reset our spending patterns,
save some money, pay off some debt, and/or kick-start our budget.
As I understand it the rules are pretty simple: no spending on anything outside of our absolute necessities, and eat from our food pantry/freezer as much as possible. No shopping at stores. No shopping online. The main goal is to stop spending. You set a budget of say $200-300 and that covers everything - gas, essential groceries (milk, eggs), etc. Then focus on other things the rest of the month.
As I understand it the rules are pretty simple: no spending on anything outside of our absolute necessities, and eat from our food pantry/freezer as much as possible. No shopping at stores. No shopping online. The main goal is to stop spending. You set a budget of say $200-300 and that covers everything - gas, essential groceries (milk, eggs), etc. Then focus on other things the rest of the month.
It's a great time to spend more time as a family too. Playing board games or just enjoying each others company at home.
I've
heard it is amazing how much one's perspective can change after a month of
seeing what you can go without!
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