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Welcome to The No Spend Month Challenge. If you’ve landed here and you’re not sure what No Spend Month is or why you should participate, read the introduction post to get all the answers. For the rest of you, I’m so glad you’ve chosen to participate in our little experiment in frugal living. I hope it will be a rewarding experience for you. Quite honestly, I’m thankful not to be doing this alone this year! If you haven’t yet, sign up at the bottom of this post to let us know you are joining in. Then be sure to subscribe to GrowingSlower so you don’t miss a No Spend Month post.
We’ve set the goal for spending $620 for all food, household, and transportation expenses. That number does not count all of our monthly bills like rent and utilities. It does not include healthcare expenses that may be necessary. It also doesn’t count gifts for others.
We came up with this number by looking at our ideal budget for groceries and gas and made that our goal. Let’s just say this represents a significant decrease from what we spent last month! It is strict enough to make us be really mindful about what we are spending and what we are buying.
What will your No Spend Month Challenge be? Everyone should make your own rules for what will be the best challenge for your family. Last year we set our spending goal based on our monthly grocery budget alone. You may want to keep it simple and just swear off dining out and buying coffee all month. Maybe you want to make a specific goal to save up for something special or to make a contribution to a cause. Perhaps a whole month sounds too daunting and you want to pick one week to try a No Spend challenge.
What are the rules for your No Spend Month Challenge?
Sign up now for No Spend Month January 2014!
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