1. Please introduce yourself and tell us anything you think it would help us to know about yourself.
I'm Holly. Mama to two DDs -- 3 1/2 yrs & 13 mo. We are a low income family by choice. DH has spent most of the past 3 years in school & still has 2 more to go to get his MS. I work about 12 hrs a month at our local WIC office as a BF Peer Counselor & am working on getting my MT certification.2. Please tell us why you have decided to spend nothing (or spend significantly less) for the Month of March. Memorize these goals and recite them to yourself before all purchases.
We need to start making major payments on our debt -- cc & school loans. Luckily we own our car & home. The approximatly $85K we owe is what's keeping us from serious financial freedom. We are both impulse spenders & have a hard time saying "no" to something once we decide we want it. We also eat out *way* too much!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?
~ Restart the envelope system for our variable expenses. Based on what I know we have on hand a realistic budget for the month is:
gas - $240
entertainment - $40
groceries/household/toiletries - $80**
cats - $30
gifts/cards - $20
DH allowance - $40
my allowance - $40
**This is freakishly low because I'm also doing the pantry challenge -- we have a very well stocked pantry at the moment, plus we get WIC to help with milk, eggs, $5/mo fruits & veggies, cheese, cereal, etc. And I just did a stock up from Frontier on all our regular toiletry/household stuff with part of our tax return. For the most part all I'll by are fresh fruits & veggies.
~ Recommitting myself to cloth diapers & wipes. I'm NOT buying more once this batch of sposies runs out! At the moment I'm transitioning by going back to 100% cloth for daytimes & sposies for bedtime & long car trips only.
~ Set a goal that everytime I have an "extra" $100 set aside from not spending or selling something we don't need to mail an extra cc payment.
~ Use this thread to hold myself accountable for "our" spending. I say "our" because the MAJORITY of $$$ we spend is spent by me.