Monday, December 28, 2015

31 Days of No Spending Challenge

Hi y'all! I came across this post the other day. It's about how this family had the crazy idea to not spend any money for 30 days. At first I thought they were crazy, but after reading it and really thinking about it, I've decided they might not have been crazy after all. 


If you've been following along with me, you'll know I work at a hotel/spa. What I haven't said is that I work part time. And by part time I mean I work weekends. I've been getting two days of overtime per week for the last month and change because it's our busy season, but once it dies down my OT is gone. 

My regular pay checks, for when I work 16 hours, are $143. My normal weekly bills are about $115 (rent, gas, and a rental agreement). Obviously that leaves me with a mere $28 every week. Ouch.

I don't have to pay for my food, or electricity, or anything else because it's covered by my rent (paid to my sister). But I do have to pay for food, litter, and anything else for Lucy. I've been lucky to find some awesome deals, like 7 pound bags of litter for $1 at the dollar store. I also just picked up a 16 pound bag of food for $8 at Aldi. Score! 

I've had this mentality that I'll never get out of debt because I'm broke. And I never seem to save any money. This is what brought me to the 31 Days of No Spending Challenge. 

Here's how it works: Starting January 1st, for 31 days, I will only pay specified bills, and necessary food/litter for Lucy. (I'm hoping I won't need dry food all month and that I can snag some litter and wet food this week before the challenge begins). All leftover money will be saved. I don't have a regular bank account, so I can't take the money off of my card, but I have a plan. 

I'm going to get my rent to my sister on Friday (or Saturday after work) and my rental agreement comes out automatically every Friday. I have an Apple Music subscription and an Ipsy subscription. I'm keeping both, they're only $10 each. 

I won't be buying breakfast or lunch for work, so I'll need to prepare them at home. I've already been talking with A about weekly meal plans so this shouldn't be a problem. 

How am I going to prevent myself from spending? Remove temptation. "What's that mean?" You're asking? I'm going to leave my debit cards in my nightstand. I also removed the Amazon app from my phone, and once I get the last items I bought from Wish that app is gone too. I'm keeping Craigslist for the sole purpose of trying to sell things. 

In the post, they linked back to updates they had posted for days 10, 20 and 30. I plan on updating you on days 11, 21 and 31 and then have a final post a few days later about how I feel about the challenge. 

Would you like to join me? Do you think I'm completely nuts? Let me know in the comments below!


2 comments:

  1. I've put myself on spending freezes before where I don't spend money on clothes or unnecessary items for about a six month time which I've done OK on. I've been unemployed since the end of June and only have a balance of $52 left on my unemployment benefits. I had to borrow money from my parents to cover my health insurance and wasn't quite sure what I was going to do come January BUT I've just accepted a job offer and start on the 6th. I think a spending freeze is just what I need to make sure my bank account gets into some better shape! I'm in!

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    1. I k ow exactly how it feels to lose your job and have your unemployment benefits running out. I was in the same boat earlier this year. I did get a job, but they were only scheduling me 4-8 hours a week. And the job I'm at now is only scheduling me for 16 a week. I've been applying for a second, or a full time, job. I have already been thinking I might extend it beyond January but I'm not sure yet.

      Glad you want to join in though! Keep me updated with your progress too :)

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