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January No-Spend Challenge -- Day of Reckoning. How did you do? What will you change for next... - Page 3

post #41 of 1124
I am SOOOOOO excited to see so many new faces here for January!!! Woo Hoo!!!

And Ann, I'm glad you're jumping on the exercise train with me . I thought about joining some other exercise threads here but I just don't have the time to be all over the board tracking stuff. I have all the motivation I need with my August wedding approaching so I just want to see the numbers adding up!
post #42 of 1124
1. Please introduce yourself and tell us anything you think it would help us to know about yourself.
I am a stay at home mama with three little ones. We homeschool our 8 year old while trying to keep our 2 year old out of trouble and our newborn happy.

2. Please tell us why you have decided to spend nothing (or spend significantly less) for the Month of January. Memorize these goals and recite them to yourself before all purchases.

My husband got back this month from a very long time in Iraq, durring that time we moved to a bigger place with bigger rent. Him coming home means less money for us and now that bills are higher.... can you see where this is going? Not to mention a new baby to buy for! I need help tracking where we spend and to do so responcibly. I am new to this, advice is most welcome.

We need to build up saving for emergencies again after burning it over the holidays and our reunion time.

We have a move coming up this spring (Or else I would be looking for somethign rent that is cheeper now!)

And at some point we will need a wonderful van or something smaller and perfect for us!

I tend to spend a little one a lot of little things and it adds up. -sigh-

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?

STAY HOME!

LISTS!

Use what we have. Try and touch every item we own and see if it still has a home with us.

Keep busy with Money by Selling un-needed items. Use that money to save for the listed items at some point.

Spend tomorrow Dec 31st so I do not have to list those things here, like the two new small diapers I got for DD2 tonight. LOL
post #43 of 1124
Quote:
1. Please introduce yourself and tell us anything you think it would help us to know about yourself.
I am a SAHM to five kids. My husband is a mechanic and after being unemployed since our last baby was born 8 months ago, he has accepted a parnership position at a new shop, being the only mechanic there and bringing his customers with him. That all means we may or may not get a paycheck any given week while he transitions this oil change lube thru to a full service station. Not getting paid will help not being able to spend, that's for sure!

Quote:
2. Please tell us why you have decided to spend nothing (or spend significantly less) for the Month of January. Memorize these goals and recite them to yourself before all purchases.
I've been slowly working towards this for a long time - its quite the process, isn't it?! I love change, I love a good cause, and I love a challenge. So this is perfect!

Quote:
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 want to declutter my entire house. I'm working on that this month and I don't plan on having any time for shopping. Then I figure, after I saw how much money I literally threw or gave away, that will make me spend more consciously in the coming months.
post #44 of 1124
1. Please introduce yourself and tell us anything you think it would help us to know about yourself.
I'm Claire; dh, 2 dd, 2 cats, a dog, and 2 fish make up our household. I am visiting my family until jan 9th, so I won't have household spending until after then. After I get back home, it will take a lot of willpower to get back into meal planning and regular and controlled spending. This will be my 3rd month of the challenge, each time my no spend days have been increasing, so I'm hopeful the trend will continue!


2. Please tell us why you have decided to spend nothing (or spend significantly less) for the Month of January. Memorize these goals and recite them to yourself before all purchases.
I have been striving for a less materialistic lifestyle. Also, dh and I have been dreaming about moving to New Zealand, so I would like to save up more money in case we are able to make that happen. We are a (mostly)one income family, and so creating savings requires advance planning and willpower. We have a new to us car payment, so that has taken extra room out of the budget and we can't fritter away any money. Also, we have several appointments for dental work this month, so that will cost extra (although dh's christmas bonus should go toward that)

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?
Uh, yeah, this is where it always gets fuzzy
I will allot myself 100 dollars total spending for Jan 1-9 until we get home. Once home, once a week grocery shopping only, under 75 a week. Fill gas only once a week (cheaper with discount card at the grocery store). $25 dollars personal spending on whatever I wish. No spend exception: fundraiser popcorn after school for the girls (50c a bag). Oh, and DD2's birthday is the 31st. Will have to create a budget for that once I get home.


Key: true no spend in budget unplanned/unbudgeted

The plan:
True No Spend Days 0/15
Jan 1-9: 0/$100 total spending
Jan 10-31st:
Grocery shopping (<$75) and gasoline once a week only
Personal spending: 0/$25
DD2 Birthday: 0/$TBD

ETA: Welcome to everyone new and Glad to see all the returning mamas!
post #45 of 1124
Quote:
Originally Posted by a2mama View Post
a. I am doing the Compact.
What's this?

And are you in A2? I'm in Ypsi.
post #46 of 1124
Quote:
Originally Posted by Crunchy*VT*Mom View Post
1. Please introduce yourself and tell us anything you think it would help us to know about yourself.
My name is Kathirynne. I am a single, WOHM to 4 fantastic children. I have a decent job, and a budget that works...on paper. This challenge will help me really stick to my budget. (see my "Help Me Trim My Budget" thread in this forum.)

Quote:
Originally Posted by Crunchy*VT*Mom View Post
2. Please tell us why you have decided to spend nothing (or spend significantly less) for the Month of January. Memorize these goals and recite them to yourself before all purchases.
I need to save enough money to replace the transmission in my car. I also need to build up my emergency fund, just as a cushion.

Quote:
Originally Posted by Crunchy*VT*Mom View Post
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 have renewed my Compact pledge, and I plan to join the monthly no-spend and pantry challenges every month.

E.T.A. I have a few gift cards from Christmas that I plan to use, for whatever, without guilt. (I'll probably use them for practical things, like loo roll and new plates, but still...)

I also plan to shop ONCE. A. MONTH. for everything I need. If I forget something it will just have to wait until the next month. (Less time shopping = less money spent.)

I did the math and figured out that I can make between $100 and $200 in overtime every month just by eating my lunch at my desk instead of going out for lunch. This is good on both the "make more money" level and the "spend less for lunches" level (I'll be bringing left overs for lunch.)
post #47 of 1124
Subbing! will add info later. I fell off the bandwagon super early last month, and so picking up where I left off.
post #48 of 1124
Joining in! My main goals are spending as little at the grocery store as possible, spending drastically less on eating out/fast food, and NO CLOTHES SHOPPING for the month of January.

I'll be doing these challenges all year long, because we're saving for a down payment on a house.

Good luck, everyone!
post #49 of 1124
I just wanted to say thanks to all you mamas for sharing your stories and inspiring us lurkers. I would love to participate in this thread but I do not think I should because I know I won't be able to contribute or keep up. I do, however, plan to continue lurking. So...thanks .
post #50 of 1124
1. Please introduce yourself and tell us anything you think it would help us to know about yourself.

Bridget, WOHM to DD, 3 years old. DH is the daytime, weekday stay-at-home parent. I also go to school at night.

2. Please tell us why you have decided to spend nothing (or spend significantly less) for the Month of January. Memorize these goals and recite them to yourself before all purchases.

The limited income is not covering the outgoing expenses. I know I can do better. Part of my goal is to sell a bunch of things I have been meaning to sell - spare strollers, craft supplies, vintage toys, books.

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?
  • Stay out of thrift stores! I bring home way too much stuff, intending to sell it. Doesn't happen.
  • $50 limit on postage for my book and dvd swaps.
  • No fast food.
  • Plan meals and participate in pantry challenge.
  • Meet with financial advisor.
  • I can use gift certificates.

Luckily, I have some Hobby Lobby and book store gift certificates from Christmas presents. And my friends and family were quite generous with the chocolates, teas and coffees over Christmas, so I don't need to indulge that way. I've got DVDs on request from the library, and a stack to watch at home.

Our freezer and pantry are SO PACKED. I am making a serious attempt to use what we can in there. Maybe I can look through my new crockpot cookbook while having my NYE adult beverage and find some inspiration.

Tracking:
0/50 - postage for bookswaps
0/31 - days gone recreational shopping
0 - fast food meals
0/5 - Complete 5 craft projects (supplies on hand)
$1 - Off budget spending ($1, Hobby Lobby, 1/2)
post #51 of 1124
1. Please introduce yourself and tell us anything you think it would help us to know about yourself.

I'm Amy. I am a SAH, homeschooling mom to seven children and another due in July. I used to be super frugal when dh and I first got married. A few years into our marriage he got a significant pay increase (like more than $40,000) and I went nuts. We did pay off loans and cc's but didn't save much. We did save enough to build a new house, however. Then, within a month or two of moving in the job market that dh was in plundered. Since then his health insurance has decreased as has his pay ALOT. We have also added two more children since then and one more on the way. Anyway - I need to become frugal again but I think I forgot how.


2. Please tell us why you have decided to spend nothing (or spend significantly less) for the Month of January. Memorize these goals and recite them to yourself before all purchases.

I am sick of losing sleep over money. We just condensed our CC bills into a low interest home equity loan. At least we'll be paying off principal now instead of minimum payments on HUGE interest rates. I am in charge of paying the bills and it's so stressful. I'm tired of it. We don't have a ton of *stuff* and I am not one to get my hair cut (like maybe once every two years), buy new clothes, nails done, etc. but I do like to get coffee out Anyway - I need to remember how to be frugal and how good it feels to be frugal. I lost a ton of weight over the summer and it felt so good. not like I was denying myself but like I was helping myself. I want to feel that way about our finances. I am not in the position to get a job so I have to help by cooking cheaply and just being frugal in general.


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 have no plan, LOL. Just to try and remind myself how bad I feel when we can't pay the bills. DH has a business trip at the end of the month and his plane ticket/ hotel room/rental car/food was all payed for. We NEVER go anywhere so I am going too. I had to pay for my plane ticket but that's it. I'm hoping to spend as little as possible on the trip. I will be there with the baby and my parents will have the older kids. I struggled with spending the money on the ticket but we truly never do anything like thes. So, during those four days I'll be out of the challange.
post #52 of 1124
1. Please introduce yourself and tell us anything you think it would help us to know about yourself.
My name is Autumn and I'm a SAHM to one dd and another arriving very soon!

2. Please tell us why you have decided to spend nothing (or spend significantly less) for the Month of January. Memorize these goals and recite them to yourself before all purchases.
I have lurked for a while on the spending threads and I think they are a great support system! My dh is a law student. We are tight on money since I stay home. I want to be able to stick to a budget and save for our children and to be able to pay off student debt once he gets out of school.

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 don't really have much of a plan yet! I plan to check in here and record my spending as much as possible. I will have some items that we will need to purcahse for the new baby that we've budgeted for. I'm excited about not spending!!
post #53 of 1124
Quote:
Originally Posted by sanguine_speed View Post
I just wanted to say thanks to all you mamas for sharing your stories and inspiring us lurkers. I would love to participate in this thread but I do not think I should because I know I won't be able to contribute or keep up. I do, however, plan to continue lurking. So...thanks .

A lot of folks post sporadically, which is fine! I have to post every day because I'm a little OCD about money, but it's certainly not necessary
post #54 of 1124
1. Please introduce yourself and tell us anything you think it would help
us to know about yourself.

I'm sahm homeschooling mom to 4 kids in Canada. My daughters are 12, 11 and 9.5 and my son is 22 months. I'm pregnant, due at the beginning of April.

2. Please tell us why you have decided to spend nothing (or spend
significantly less) for the Month of January. Memorize these goals and
recite them to yourself before all purchases.


We *need* to spend significantly less in January. I have a budget worked out that we can live within if hubby works 80 hours in 2 weeks. He frequently works more (like 90-110 hours in 2 weeks so we can pay down debt) and that money just disappears instead of going against debt like we keep saying it will. This month I'm determined to do it. We are in debt so far I really can't see a way out and really want to start plugging away at it. We *can* live within the budget I've made if we are careful we just need to do it!

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?


*Make a menu for lunches/dinners. Plan snack food into the grocery budget so we are not tempted to buy fast food. Stay OUT of fast food restaurants. Plan for food in the house for hubby's late night munch-ons.

*If we *have* to use credit make sure the money is there within the month to pay it back. (We are in that situation for the first two weeks of January.) Make sure it really is a "have to" purchase and not a "want to" purchase.

*Work out the budget for coming months so we are not in this "have to use the credit card" situation again.

*Record everything we spend. Restrict our spending to necessities only. Consider going cash-only budget for groceries/gas etc.

*Stay within budget on necessary spending

The Plan:

/23 no spend days
/550 groceries (including diapers, rice milk for son, food, medicine, personal & household products, hubby's beer)
/695 payments against credit card
/0 personal spending


Key:
= not a penny spent
= spending within the budget
= necessary spending not in the budget (things I forgot/didn't plan for)
= unnecessary spending
post #55 of 1124
1. Please introduce yourself and tell us anything you think it would help us to know about yourself.
My name is Karen. I am a full time law student. DH works FT & makes an excellent income. We have no kids.

2. Please tell us why you have decided to spend nothing (or spend significantly less) for the Month of January. Memorize these goals and recite them to yourself before all purchases.

-- Before I started school last August, I was working FT. We did not think about money much and could do most things our little hearts desired and we could pay for it. However, our income dropped by 1/3 when I went to school and our expenses went up due to paying for tuition and books.

-- As a result, we have been using money from savings every month in order to pay for everything. This must stop immediately and we need to start putting money back into savings.

-- We haven't been paying tithe, and we need to start again.

-- "Where the universe is understood as the cyclical ebb and flow of energy or spirit, trying to accumulate anything beyond a certain point is synonymous with seeking imbalance." -- Cormac Cullinan in Wild Law: A Manifesto for Earth Justice p.133.

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?

-- Get up-to-date with balancing all of our accounts. I was TWO YEARS behind!!! I got most of our accounts balanced before Christmas, but still have a few accounts to get done.

-- Work with BIL (who is an accountant) to get a budget in place so we have some accountability and clear goals.

-- DO NOT BUY ANY CRAFTING SUPPLIES. I could practically open my own craft store between all the scrapbooking, knitting, sewing, stamping, beading stuff that I already have. I have more than enough to keep me busy for at least the next two years if I just WORK ON WHAT I HAVE.

-- Inventory the food in the house and make a meal plan (I joined the pantry challenge & DH helped me start the food inventory this evening).

-- Do not eat out (with one exception this week, which was already planned)

-- Turn in the cable boxes and discontinue our cable TV (we both work long hours; we have Netflix; we also have a huge pile of movies on DVD).

-- Make a plan for next Christmas, so all the gifts can be homemade using supplies I already have on hand. Make a plan and start making gifts NOW so I don't end up buying gift cards at the last minute because I don't have time to make everything I was planning to make.

Spending Exceptions:
-- Lunch this week with my study group (already planned)
-- We are flying to DC in March to visit my sister and need to buy the plane tickets this month. We've been watching for sales.
-- DH is probably going to England in Feb. for work, and I will be going with him (the trip will be on is my birthday weekend, so this will be my present). We will need to buy a plane ticket for me (DH's expense will be covered by his employer).
post #56 of 1124
Oooh, I'm so excited to be doing this!
post #57 of 1124
1. Please introduce yourself and tell us anything you think it would help us to know about yourself.
My name is Kelsie. I'm single, with one fur baby (my dog Brownie). I'm kinda on the weird side as I feel so at home on MDC (and other parenting type sites) considering I have no children (yet), and no chance of any in the near future... But this is one of the only places I feel I can really let that side of myself out (everyone I know IRL thinks it's weird/creepy how preoccupied I am with my future motherhood/children).

2. Please tell us why you have decided to spend nothing (or spend significantly less) for the Month of January. Memorize these goals and recite them to yourself before all purchases.

I am terrible with money. I really don't know why (I can't seem to find a way to blame it on my parents! ), but I do know that I need to find a way to get better! I'm in a ridiculous cycle of doom where I ask my boss for a pay advance at least once a month. This has been going on for at least 4 months, if not longer, and it NEEDS TO STOP NOW! I'm making more money at work now (more hours and a small raise), and I still can't seem to brake the cycle. I'm hoping this will help me!

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?
My goals for this month:
  • Save ALL reciepts. I'm going to use this to become accountable for my frivolous spending, and to help create a more realiztic budget for next month.
  • Create a working budget for January and do my best to stick to it!
  • Stay out of all stores other than the Co-op, Winco, Ross, and thrift stores. Dollar stores have a $5 per trip, 2 trips per month limit!
  • 20 no-spend days (TRUE no-spend days)
  • Under $100 in social spending (drinks, dinners, movies, etc.)
  • Yoga at least 4 times per month
  • Start SAVING! I'm hoping for an emergency fund, and a gift/special occasion fund. Maybe a vacation fund too if I can get a hang of this "saving" thing
  • Keep at work eating to a minimum (less than $40 per pay month)
  • SAVE tax return!! (only exceptions: car registration, fix computer, and mothering subscription)

I won't be able to post every day, but I'm going to try to post every other day.
post #58 of 1124
I'm Kate SAHM/WAHM to Emma - I watch a couple of kids part time but even with the debt we have I hope to be done with most of them soon (by June) - I'm burnt out & DD is the one who suffers because of it. So we'd rather it takes a couple more years to pay debt down than have mine & Emma's relationship suffer. We are planning on HS'ing her and have plenty of resources online & in our home that we "SHOULDN'T" have to pay for anything new to work with but I am addicted to educational toys/books/craftstuff.
Our biggest downfalls are eatting out & our grocery bill. Our CSA delivery (already paid for) starts in the next couple weeks so that should help. DH also has a HUGE shopping/gimme problem - we are working on it. Its this cycle that has caused us to accumulate so much debt.
But Its a new year, new way of behaving. Neither of us NEED anything right now. We can get by with what we have.

My mom will hopefully be coming to visit in a few weeks but that shouldn't throw us too out of whack. We will go to the zoo (we have passes) do some driving in hill country (gas but I'm sure she'll pay ) but we'll try to keep low key and hang out & eat at home.

We have 2 gifts we need to put in $30 for each gift (group gifts)
We also need to renew our Harley group memberships (24/each)
plus all the regular bills.

I also need to work out more....... My goal is to ride my bike in the morning a couple times a week at least

We are also in a constant state of decluttering.

I try to always have snacks on hand for DD in the car to cut down on extra expenses.

I need to sit down & figure my full list of goals. Will post later!

Good Luck everyone!!
post #59 of 1124
1. My name is Brandi and I'm a SAHM (I do work 9 hours per month as a veterinary tech) to 3 kids: 7.5, 5 this month, and 2.5.

2. I way overspent the Christmas budget and for the first time, put things on a credit card that we really cannot afford. I need to spend significantly less $$ this month than usual to pay for said items.

3. My plan: I need to stay out of Target and combine grocery trips so that I'm not in a store every day.

Consolidate errands to save on gas (there's nowhere close enough to walk so all errand running involves driving in our minivan).

I will come here and list all purchases that I want to make that aren't normal expenditures (groceries, DD's gymnastics tuition, other DD's preschool tuition, gas, and Dr co-pays if there are any).

I'm trying to sell a car seat to fund another (it's a hobby- I collect car seats like some people collect strollers and am always buying/selling , but I won't buy until the other one has sold.

I suck at budgeting, but am desperately trying to cook at home and not eat out. I won't eat out or buy the kids snacks at stores, the mall, etc. Will keep snacks in the diaper bag instead.

NO STARBUCKS AT ALL!!
post #60 of 1124
A Question -- This is the first time I'm doing the no-spending challenge. My B/SIL gave us a Visa Gift Card for Christmas. The envelope did not say how much it was for and when we looked at it up online today, it was for $200!!!! Today, we bought a shredder (which was something we've had on our household need/want list for some time). Then we bought a few groceries, etc. We paid for all of them with the card. I'm not sure how to think of this. Do you count it when you spend gift money?
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Mothering › Mothering Forums › Natural Living › The Mindful Home › Frugality & Finances › January No-Spend Challenge -- Day of Reckoning. How did you do? What will you change for next month? Congratulations for sticking with us to the...