|1. Please introduce yourself and tell us anything you think it would help us to know about yourself.
Hi! I'm a couple days late, I'm new to this subforum so I missed the start of November.
I'm new to this so I might not post every day or be as detailed as you all seem to be
but I'm going to give it a shot!
I'm Heather, WAHM - work in the evenings as a piano teacher, homeschooling my 9yo son and caring for 10mo DD. DS is very very busy with gymnastics and karate, and with me working evenings scheduling is tight tight tight! So I'm trying to get more organized.
|2. Please tell us why you have decided to spend nothing (or spend significantly less) for the Month of November. Memorize these goals and recite them to yourself before all purchases.
a) I have only one more payment on my student loan. Our consolidation Line of Credit loan is down to under 10k. At our current pace, we'll be debt-free in under a year. With the end in sight, we'd love to accelerate the pace!
b) We're hoping to move back 'home', across the country, next summer. That needs cash.
c) Hoping to buy a house when we get there. That needs a down payment.
d) Even being debt-free, we want to start setting some savings aside for the future. And I want to 'retire' and be a full-time SAHM. So we have to learn to be even more frugal than we already are.
e) DH has anxiety issues, and he worries about our finances. I'm not worried, I see us in a positive situation since our income greatly exceeds our expenses every month and our debt is steadily and quickly decreasing. However, he only sees the total $$ of the the debt and worries. I don't want him to worry anymore.
f) DS has been showing some signs of "consumerism" and materialism and I want to help him be a responsible, prudent, thrifty consumer.
|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?
I've already started the pantry challenge for this month. Our biggest expense every month is groceries. We do place high importance on eating local, organic food as much as possible, supporting local growers and eating healthy food even if it's more expensive. We consider it an investment. We're not saving money in the long run if we're unhealthy or have no planet left to give to our children, so we don't mind that expense.
However, I do tend to buy too much.
And while we love eating leftovers, by not planning meals properly we often forget about what leftovers are there already and they go to waste!
We have some days planned in which are "family movie night", one night a month (which is tonight, in fact) where we rent a movie, buy pizza and eat junk food. It's an important night for me to hang out with DS. Part of the idea of this is that we're not tempted to rent movies or games or buy pizza on OTHER days! "Save it for movie night"
Otherwise, going to stay off internet shopping sites... I *have* enough slings already... I have enough cotton hankies... I have enough mesh produce bags... I have enough baby clothes, I have enough toys, I have ENOUGH!
And I'm going to try... I'm going to TRY to resist Tim Horton's Ice Capps. But they may prove my weakness. I may try budgeting them... allow myself one per week, like the movie night, budget it and account for it rather than be just tempted all the time...
All for now! What a great thread!