Our No Spend Month

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As we begin a new year, I know I’m not the only one looking to make some changes. I’m usually not one for New Year’s resolutions but I figured I’d give it a shot in 2018.

I’m looking forward to a year or personal development, financial security, and happiness. I’m wishing you and your family the same 🙂

Let’s just jump right into it. I’m sure the title grabbed your attention(that kinda the point). And I know a lot of you are wondering how we plan on going an entire month without spending any money. I’ll start by explaining what a no spend challenge is, then I’ll lay out the rules that my family has chosen to follow during our no spend month.

So, what is a no spend challenge?

well, it’s a period when you chose not to spend any money what so ever. I know it sounds ridiculous and absolutely impossible.  A lot of you a rolling your eyes, and probably thinking to yourself ” okay, this B*tch is crazy.”.  I promise it will all come together in a minute, just hang in there.

Now that you have a basic understanding of what a no spend challenge is, I want to share with you exactly what we plan to get out of our no spend challenge and how we’re bending the rules (just a tad) to make it work for our family.

Being content with what we have.

This is first on the list because this is the most important element to our challenge…for me at least. As I continue to grow as a person I want to push myself further out of my comfort zone. I’m no stranger to wanting things, and I know most of you aren’t either. It’s okay to want nice things, really it is. The problem is when you want things solely for the purpose of having things. If you’re using material items to fill a space within yourself (like I was), I strongly recommend you do a little self reflection and more importantly some self love. I’m encouraging you to step outside your comfort zone as well, and spend some time figuring out exactly what it is you need in life.

Stop mindless spending.

This one goes hand in hand with our first goal, but I figured I’d give it it’s own little moment because I know someone people are struggling just like we are. My partner and I have a horrible habit of spending money on “little things” without realizing that all of those “little things” add up. Budgeting our money is something that we’re both very unfamiliar with, and to be honest sometimes it makes me really uncomfortable. I hate the idea of having to miss out on something that I want or feel I need or deserve because I need to save money. However, this year we’ve decided to do everything we can to change our habit of mindless spending. We’re determined to teach our son something different and to break the cycle of living paycheck to paycheck.

Paying off debt.

For some odd reason, this is something no one ever wants to talk about. Honestly, I find that strange because being in debt is something so many people struggle with, especially millennials. Like some many other people our age, Tyler and I both have a ton of student loans debt as well as a fair amount of credit card debt. Plus, we both have cars we’re still paying for. Don’t worry, I’m not going to go into exact numbers but trust me when I say we owe a lot of people a lot of fucking money.  How hope is that this no spend month will help us put more money towards our debts, and put us one step closer to being debt free!

Now that you know exactly what we’ve hoping to gain from our no spend month, its time to see exactly how this thing works.

Rules number one is simple, don’t spend any money. This is usually where people get hung up and decide that this type of challenge isn’t for them.  Hopefully, I can help you understand things a little bit better. So obviously it’s impossible to spend absolutely no money what so ever ( for most people at least). Most of us have a family to support and a set of constant bills that have to be paid every single month.  During our no spend month we’re of course going to pay for things like our rent etc. But that’s it, we’ve no allowing ourselves to spend money on anything else.  To make it simple I’ll create a little list so you’ll know exactly what we’re choosing to spend money on and what we’re not. There are a million and one ways to do a no spend challenge, I encourage you to take a look at our list and decide what works for your family and what doesn’t.

Here’s what we’ll be spending money on this month

  • Our rent- obviously we need a place to live 🙂
  • Groceries- we’ll be sticking to a much tighter grocery budget than usual
  • Gas- we have to get to work somehow
  • Our monthly bills- like electric, car payments, phones, etc.

And here’s what we’re not spending our money on this month

  • Anything that isn’t on the list above- pretty simple right 😉

Like I said before, there are a million and one ways to do a no spend challenge. Take some notes and figure out what works best for you.

I’ll be doing a check in during the middle of the month, just to let you guy know how things are going. I’ll also be making a post at the end of the challenge, so make sure you sign up for email notifications so you don’t miss a post!

It’s 2018, chase your dreams, end toxic relationships, live the kind of life you want to. Happiness is up to you.

greet2

 

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