Everyone is welcome to join and you can start tracking your spending at any time. It doesn't have to be January 1st.
The plan is simple (although tough to execute):
1. Vow not to spend any money on unnecessary purchases.
2. Come on here everyday and record your spending.
We all record our spending in different ways. There are no rules. You record and update however you would like -- pick a way that will help you spend the least amount of money.
Please write an introductory message when you decide to join our thread. We would like to know:
a. Who you are
b. Where you are going (your financial goals) and
c. How you plan to get there
Good luck MDCers!! Keep that money in your wallet.
b. Where you are going (your financial goals) I'm going to take baby steps on this one. This month I'm aiming to not use a CC. I want to keep weekly limits of $25 on gas, $75 on food, $50 on extra/unplanned/misc expenses.
c. How you plan to get thereI hope to fill up on Sundays (which should cost under $20) with my debit card. I'm planning on taking $125 out in cash and using $75 for food and setting aside the other $50 for unplanned items. I also plan on only carrying one CC in my wallet as an absolute last resort (which I've been doing for the past few months and have yet to have to use.)
"Who of you by worrying can add a single hour to his life?"
I am going to try my very best to limit my purchases this year. I would like to pay off things that we owe including DS's braces and DD's Kindy tuition in addition to the few CC bills we have. I also need to rebuild our EF.
I have tried this thread months before and fail. Here's hoping I stick to it.
1/5 $32 food
1/6 $45 shoes for kids
1/9 $2 redbox rental $18 milk,drinks
b. In addition to not resorting to cc's, we are trying to pay off our current balances of $17K and get better positioned to handle any future financial crisis that might come our way.
c. We are starting slow on the no spend challenge, although we are going strong with Dave Ramsey and are already in the debt snowball...this is because we have sold many things in our house (thank you decluttering) and have been able to put aside cash. As far as the no spend, our goals are to have two days each week that are no spend. Absolutely spend no money on those days. Then the other five days we are not going to spend on unnecessary items, only budget items.
Here we go!!
a. I'm Lauren, mama to one three year old girl and thinking about TTC #2. We are currently in the planning stages of a cross-country move to take place in the next few months and trying to declutter.
b. We need to save as much money as we possibly can for our move, and pay for it all with cash. I also need to stop bringing unnecessary items into my home when I only have to pack them all up soon anyway.
c. Other than my tradition of Friday afternoon shopping at Goodwill, I would like to try to purchase nothing other than groceries and gas for the month of January. I'll allow myself one night a week to purchase something different for dinner, whether it be eating out or stopping at the grocery store for a specific meal. And I'm going to stop carrying around my credit cards!
Mama to one awesome little girl and her adorable baby brother.
b. We plan to have our last 2 credit cards paid off this year and our car paid off before we return from our overseas assignment in 3-4 years.
c. We haven't used our credit cards in about 6 months, which is huge for us! The plan is to knock out one cc with our tax return and then double up payments on the last cc. Then all of the cc money will go to the car payment, which will double our payment and therefore cut our payoff time in half. None of this will be possible without careful budgeting, though! I am also planning to sell all of the items we won't be taking with us to Japan to fund the inevitable moving costs.
Our goals for January: save 1000.00 for our emergency fund, pay my sister in law 1500.00 of the 2k she lent us to move 2 months ago, and to limit grocery spending to 350.00. My dh gets paid 3 times this month so it should not be a problem to accomplish these goals. I want to limit my unplanned spending to 50.00 this month. If its not in my budget I'm not spending any money on it.
Anyway, I think I started this challenge a whole year ago and I can't even tell you how much better our bottom line is looking! We are self-employed--and while still working a lot right, definitely trying to put as many acorns away as we can in case it gets slow!
I don't do number goals for these b/c they hang over my head and are counterproductive in some strange way for me. So my goal is always to just make a game of it and see how little I can spend. We'll be off to my dad's for a few days, but after that I am in! :
my goals for our budget are: no spending outside of groceries, gas, and absolutely essential household items. no ccs for us anymore either!
s - JW writing wifey to j (11/03) and mommy to s (10/04), l (8/08), j (8/09), and little s (12/12)
Im mom to 9 and I do inhome daycare for 3 more kids during the week. DH works every hard to support our family but times are tough and things are always stretched thin. Hence the daycare kiddies.
DH and I decided to do a NO SPEND for January. The kids are set, our pantry is very well stocked. We should only need produce, dairy and a few misc items from the grocery store.
DH works in banking and while things are going well for now, this industry/and his company/can change with no notice.
So my goal is NO SPENDING period.
Personally, I only get $200/mo child support - but i don't need to spend every lil cent of that.
I found out in November that I am pregnant and quit drinking & smoking immediately. (yay!) so that frees up a lot of money previously spent on crap.
My goal will just be to not spend any money on stuff i don't need. I'm currently living with my boyfriend and we just planned a budget - but our relationship is still new and i don't feel completely comfortable giving him (strong, lol) suggestions about what to do with his money. So i'm just going to do my best to plan meals and stick with it, and save my own money - both in a personal savings for me (so i can eventually open up a retirement account) and for my daughters college fund.
b. I would like to get ahead of our bills, pay off our overdraft (which is maxed) and start saving again. We have an EF, but I'd like to keep adding to it. Also, DH wants to take the kids to Disney next year and possibly buy a new carpet for our bedroom and I need a bigger vehicle, as we are outgrowing the current one. These are our long-term goals. Main goals are just pay for food, gas and necessities.
c. I have no idea how to get there!! No, really, I'd like to cut way down on our grocery bill. I need to go to the store ALONE. No lo's asking for unnecessary crap. Just get back to basics, I guess. Devise a weekly meal plan and stick to it. Also, I'm trying to live greener and stop purchasing "disposable" items (ie. napkins, paper towels, toxic cleaners, etc.)
Danielle, bf'ing, cd'ing, bw'ing, ap'ing, SAHM to DD Avery (12-1-04) DS Linus (10-31-07) and DD Nilah (9-17-11)
always and forever remembering (6-9-10)
b. First and foremost I am trying to pay for my prenatal care and the birth without dipping into our modest savings. I need to save another $1300 in the next three months or so to accomplish that. That is a TON of money for us.
c. I really have to cut everything to the bare essentials. Of course I am finding the urge to shop for the baby very strong and oh so very hard to fight! I NEED to stay out of my trigger stores (Old Navy, Target, Kohls etc.) altogether.
Mama to 9 so far:Mother of Joey (20), Dominick (13), Abigail (11), Angelo (8), Mylee (6), Delainey (3), Colton (2) and Baby 8 and Baby 9 coming sometime in July 2013. If evolution were true, mothers would have three arms!
I am currently working full time and DH and I are thinking about having another little one (of course that's only if counseling works - and we're not planning on ttc til June but I am a planner. I also have a plan for if we don't stay together (am I morbid or what)) and we have no plan for me working past the second trimester. I had a misreable pregnancy the last time, and having 2 kids in daycare would pretty much break the bank. The cost of infant care is so high.
Sooooooooooooooo.... we're planning on spending wisely. We have gift cards which we are not includind in the no spend challenge (I know, we cheat) but we're hoping to spend as little as we can on those gift cards. We will also buy (some) fresh produce, milk and eggs during Jan. Oh - and ALL our credit cards are hidden. DH's and mine. Including the evil debit card. We each carry a blank check and we have some money at home if things get hairy!
If you've made it through my novel, thanks! Wish us luck.
no spending at all today
: eat from what I have on hand at home
only coffee/tea/drinks from home
Spend less than $30 on groceries each week. (Milk, eggs, fruits and veggies - if we have any left over then maybe some things like spagetti noodles, etc)
don't know yet. Thought it was cute!
Jan 1 :
mama to E (01-2007) and wife to C
I actually stuck with it in December through all the gift buying and everything, and I didn't do *too* terribly. Hopefully January will be a little better.
A single mom with two kids. I share custody of DS who is almost 4, and have DD (1) full-time. She is SN and I'm having difficulty with finding a job in between her numerous hospital stays.
b. Where you are going (your financial goals) and
To support myself and not rely on DD's SSI check to pay all the bills. I would like to start saving some money, even if it's only $10 a month.
c. How you plan to get there
I was looking for a job but it seems pointless if I end up working a crappy min wage job that will just fire me the first few times I have to call off because of DD. So I think I will go to school instead. Maybe do on-line course as much as possible. If I get financial aid to pay for school, I can take out school loans to live on. My mom does this and while she knows she is going to have to pay it back eventually, she feels it won't be an issue once she has a degree and the ability to earn a decent wage.
I'm already pretty good at not buying unnecessary stuff. I rarely spend money outside of bills and rent. But my one downfall is fast food. Yup, it's disgusting, but I'm addicted. We get more than enough food stamps each month and I absolutely don't need the fast food. But a couple of times a week I find myself going through the drive-through on the way home from an appointment.
My very first step to quitting is I bought a bunch of prepackaged stuff (compleats meals, little boxes of cereal, healthy choice shelf stable meals) that I sorted into bags...one for each day. So DD's next hospital stay, I just have to grab the bags and take them up to the room with me. I'll have no excuse running down to subway (they put it right in the hospital! evil!) and spending $5+ there each day, plus cafeteria food for breakfast and lunch. Her last hospital stay, I spent an average of $12 each day on food. Ummm...yeah, my car insurance didn't get paid because of that. :
And I need to plan better when we have all-day appointments. Just pack leftovers or something!
We do have some money budgeted for extras, like dd's piano lessons and gifts that may pop up. I'm looking forward to it, and I'm trying to get our grocery budget down to $500-$600/month. I already mostly cook from scratch, so we'll see how that goes. We have a problem with nickel and diming our money away, so every expense other than groceries and gas are out.
2. Trying to my credit card balance down as much as possible in just Jan alone and save about $500
3. Plan to cut out the purchasing of misc. items (clothes, deodorant, toothpaste). Just buy everything at once and that's all. Cut down on gas by filling up once a week and not going out of the house on the weekends; watching movies at home. no eating out. Save money by eating more meals at my parent's house. Prayer!
Book lover - Sewer - Movie lover - Mommy to a wonderful little boy (8/4/08) - Aspiring writer - On a mission to lose 15 pounds - all-around cool chick
No eating out, more meal planning, no buying clothes or things for dd. If we need anything extra I'll use my giftcards from Christmas. I'm also putting all of my pay into savings.
Mama to a 6 year old diva, and new little man July 2011.
I'm Mindy, SAHM and small business owner. I have two boys, Wyatt almost 4, and Archie, 19 months.
b. Where you are going (your financial goals)
We have some credit card debt, and a tendency to spend money on things we don't need to. I am embarrassed to tell anyone IRL because DH makes very good money, but we still spend nearly the same way we did when we were both working, and we seem to be treading water, and not able to pay down our credit card debt and get am emergency fund set up.
c. How you plan to get there
I am really pushing DH to go to an all cash system, I am hoping this brings home the point that when the money is gone, IT"S GONE! We use debit cards for most everyday expenses, and only added to our debt a bit over the holidays, but we tend to operate in our overdraft account, and not in the black, and it makes me feel awful everyday. I am hoping that by using cash, it forces us to think more about our purchases, cook from our pantry and (2 well stocked!) freezers, and do less eating out.
I think I will start a list by day so that I can really be held accountable for the rest of Dec/Jan spending.
Dec30 Okay, I suck at this. We had major water damage in our basement, and insurance will not cover all the repairs, so we had to pay out of pocket (on our credit cards...) for the new faucets & light fixtures for the bathroom
Dec31 Nothing, yay!
Jan 1 Had to go visit DH's grandma who does not cook, $17 at Wendy's for the 4 of us for lunch
2 Payday So far so good, I am making homemade fettucine alfredo with shrimp (all from the freezer, yay!) for dinner too.
Goals this month:
-have several no spend days the first few weeks, we are going on vacation the 3rd week of the month.
-keep grocery costs under $350.00 this includes my produce and dairy delivery every week. 00/350
-Feed my freezer, use my pantry
planned spending such as grocery, bills, church or errands
no spending at all today
: eat from what I have on hand at home
paid for airline tickets already, have hotel, amusement park entrance, plus eating out. We do vacations pretty frugal and this one, plane tickets 3 were free, paid for 1.
Side of beef this month. We are using our xmas money we received from family members plus DH's holiday bonus. Its in the savings acct awaiting to pay for this.
1 & :
3 & :
5 Payday &
6 & :
7 & :
8 meeting a friend for sushi w no kids! and groceries
9 & :
10 & :
11 & :
12 & :
13 & :
14 & :
15 $5.66 for taking dd1 to lunch today.
16 & :
17 & :
20 vacation $Payday$
22 come back!
23 & :
25 & :
26 & : paying bills
27 & :
30 went out for breakfast and lunch!
31 pick up our side of beef loot.
Newly single, chronically sleep deprived mama to my little wild thang , born 11/17/12
b. Where you are going (your financial goals): We are Dave Ramsey followers. We are currently working on paying down debt. We are going to be getting a significant extra amount of money this month and will be using it to pay off some cards in full : Our current goal is to pay off debt.
c. How you plan to get there: We have a pretty good budget system going. We want to stick with that and continue to pay down the debt when there is extra money
Goals for the Month of January
1. Half the month with no spend days: 0/15
2. Unplanned spending 5 or fewer days: 0/5
3. Pay off three debts: 0/3
4. Tim Hortons 5 or fewer days: 0/5
5. Place two book orders without using credit (for DP and I for the upcoming semester): 0/2
6. Obtain the rest of the baby and homebirth supplies under budget and no credit
Mama to Toad (08/06), Frog (01/09)... and new baby Newt born on his due date, Sep. 8, 2010
b. For january I'm just trying to see if I can stay within a budget. i've never lived with one, but with the economy...well, you never know. i need to see if what I've set up is feasable.
c. planning meals to cut down on grocery bills and take-out is the big one. Other than that, just not shopping. I don't really have much that I need. Okay, I can't think of anything I need.
The only exception I'm giving myself is Gymboree's Gymbucks redemption mid-month. I need some spring casual clothing for the girls to fill out their wardrobe through April-ish. I've already made my list, though, so I know what i'll spend barring out-of-stock items.
1) I'm Lynn, single mama to a 12 month old.
2) First, I need to see exactly where I stand. My first goal is to get organized. Everything has been chaotic since my daughter was born. I have my own business, and that's where things are messy. Personally, I don't have any credit card debt, thank goodness. I need to rebuild my savings that were wiped out (and get rid of the debt taken on) after trying so long to get pregnant.
3) Get organized. Stay out of Target :. No on-line shopping. Make all of our food/clothes/toys in January. I am budgeting $50 for non-essentials in January.
So now my list is down to just trash bags. $5 not spent!
I'm Sarah, I stay at home to care for my three kiddos aged 5, nearly 3 and a baby. We took the decision for me to SAH about 18 mths ago for various reasons and we can just about do it on my DH's salary but it's tight so I do these challenges.
In Jan I would like to cut back on our grocery spending - this is linked to wanting to slim down a bit myself, although just through eating less "treats" rather than consciously dieting. This can only be good for our purse. I have a fair amount of meat in our small freezer and got a good vegetarian cookbook from BIL for Christmas so am all set to experiment with beans etc this month.
I would also like to reduce our elec usage but may not see the benefit of that in Jan as we are billed quarterly. It's been high as I haven't been hang drying so much - we have a small house with no laundry room/basement/garage etc so the laundry just hangs around the house on various airers looking untidy and encouraging my kids to run through it and toss it about which drives me mad
It would be a big improvement if I could get DH on board so I am thinking about giving him a cash allowance for spending on soda/breakfasts etc at work. We both know he doesn't need to do this spending but he still does it so maybe a modest cash budget to work with (and when it's gone, it's gone) would help...?
Also looking at rejigging our home phone/internet costs and seeing if I can get a better package.
Look forward to a frugal January with you all
SAHM married to my love we have 2 boys James(5/24/05) Justin(4/5/08) and our little princessRowan Jane 12/17/10 expecting #4 Jesse Rhys due Sept 4 2013