1. Please introduce yourself and tell us anything you think it would help us to know about yourself:
Hello everyone! I'm a stay-at-home mom/pre-nursing student to four young children. We live in the city of Toronto.
2. Please tell us why you have decided to spend nothing (or spend significantly less) for the Month of April. Memorize these goals and recite them to yourself before all purchases:
In the six years that we've been parents, my hubby and I have only once managed to track our spending for a month. With four young children (for quite a while we had three in diapers), money seems to flow out waaay faster than it flows in. My goal is to attend full-time nursing school for two years starting September 2009. This would mean not only paying for my education but paying roughly $48 for two years of full-time help for the kids while I attended school. We do not have this money, but if we can stick to the very very very tight budget we've created, the debt we take on won't be as overwhelming.
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 set up our accounts and budget on an online system called www.expensr.com
- excellent web application! It will allow my husband and myself to enter our daily expenses from wherever we may be. Our no spending/expense tracking has failed in the past because it's been too busy with four little ones running around to talk each and every evening about what our financial status is.