I have had a bad handle on the money management/spending log the month of June (having to do with a string of relatives visiting and other activities, etc.) Awhile ago I was pointed in the directtion of a Simple Living blog/website where the creator proposed a no spending month. While I like NSDs, I think I need to go cold turkey at random and implusive spending.
I just stocked up on things at Sam's and will need milk/fresh produce in about two weeks. I also have things that I need to get done: (1) oil change, (2) dog grooming. Other than these things I'm seriously cnsidering banishing myself from the mall/Target/etc. I have a coupon for free digital prints at CVS (60) so my recreation for the month may be scrapbooking pictures using the supplies on hand. I also am going to make the children finish up using their coloring books/fun foam, stash.
Recreation? Use the gym at the Y, library for books and movies, I invetoried gift card and coupons for weekly "fun" and dining out. I have already purchased gifts for the two b-days in the month and DDs will have to make cards.
At least by posting my plans I am feeling more accountable and able to tackle this. So please feel free to comment and encourage -
PS My reason for this: my DH's paycheck is now going to reflect insurance premiums (we were previously on old-employed paid COBRA) and now 401(k) contributions (6% of salary) plus our rental property is going to be vacant and we will have the expense of painting/advertising.
I don't want to have to touch our savings account. I think I should be disciplined to manage what is coming in.
Anyone up for a No Spend Month?
June 29th, 2007 at 06:12 pm
June 29th, 2007 at 06:25 pm 1183137950
June 29th, 2007 at 06:30 pm 1183138226
I'm calling it a No Spend Month as I have actually just finished up paying all the bills (writing checks) and will mail off once paychecks are deposited. Lucky you, Dorm Mom for 2 Weeks! I'm looking at the calendar trying to plan as many playdates for my 4 kids with friends as this is the cheapest entertainment I can find!
June 30th, 2007 at 06:38 pm 1183225102
Of course, all the monthly bills need to get paid, and I'll need a weekly cash allotment of $150 for groceries and gas for the car, and if there are any medical or plumbing emergencies, all bets are off--but if I can keep the discretionary spending just to food and fuel, that should mean an extra few hundred in the bank--which I need, since as of September, I'll be experiencing a 23% pay cut. Plus it will be good practice for the lower income