1. Please introduce yourself and tell us anything you think it would help us to know about yourself.
Hi! I'm Susan, we just moved to Hawaii and DH is active duty and about to deploy until next May.
I'm hoping to really save and pay some bills while he's gone. We'll see.
We run a very tight budget because we have a home in Florida that is "under rented", meaning I'm getting less than my mortgage and expenses on it, so we are losing money on the house. (about $400 a month). I also lost my job in the move (I was working PT nights/weekends) and have no plans on regaining employment since DH is leaving. So, that loss of income has caused some financial tightness.2. Please tell us why you have decided to spend nothing (or spend significantly less) for the Month of July. Memorize these goals and recite them to yourself before all purchases.
1-I need to save money for home repairs instead of stressing out over every little repair (including regular maintenance).
2-I want to pay off our credit card debt. We don't have that much but I still hate it.
3-Get said C/C's paid off and start Roth IRA for me since I don't work outside the home. Also save for travel.
4-Finally and most important, to get outselves out of the paycheck to paycheck habit that has plagued us our whole marriage. I want to stop wasting money on fast food and junk.3. No spending is hard work. You need a plan. Please tell us your game plan -- how do you plan to approach no spending for a month?
Avoiding stores basically. Doing free or cheap summer things with the kids.
Fast food once a week and we share.
Not leaving the neighborhood. Not driving anywhere I don't need to go.