Are you planning a no-spend month for the upcoming calendar month? No-spend months are great! They can help you build your savings, get you in routines and boost your creativity levels.
If you are looking for ideas to help this process be a success for you, here are 20 tips to help you rock your no-spend month.
20 Tips to Help You Rock Your No Spend Month
- Meal plan. Meal planning is a must with a no-spend month because a no-spend month does not allow for any last minute restaurant trips.
- Shop your pantry. There is a reason you have food stocked up in your freezer and pantry. Use it! Before your no-spend month begins, go through your pantry and figure out what you have and create your meal plan around that.
- Pay your bills. “No-spend” doesn’t mean skipping out on money that you need to spend.
- Make your own rules. Set your own rules on what you can spend money on throughout the month.
- Freezer meal. This kind of goes along with meal planning, but if you have meals prepared in advance, it is much easier to stick with a no-spend month.
- Hold yourself accountable. Make sure you are holding yourself accountable for your spending.
- Talk to your kids. If you have kids that are old enough to understand, make sure you talk to them about what you are doing and why. This will likely help keep them from asking for stuff all the time.
- Take pride in your decision. Don’t be embarrassed to admit that you are doing a no-spend month. If your friends and family understand what is going on, they will likely not pressure you for nights out, fundraisers, etc.
- Homemade foods. Learn to make your foods homemade as opposed to buying processed foods. Did you know, for example that a homemade loaf of bread costs around $0.40, while a store bought loaf can cost $3 or more?
- Find free entertainment. This is a great opportunity to find fun stuff that your family can do for free. Things like checking out a movie from the library instead of renting, enjoying local parks, etc.
- Use leftovers. How often do you throw away leftovers? Start eating them for lunch the next day.
- Remind yourself. You need to remind yourself daily of why you are doing this. These reminders will help you succeed.
- Say no. It’s hard to say no to a drink after work or a shopping trip. It is especially hard if these are the ways in which you deal with stress. Be firm, say no and stick to it. You will thank yourself later.
- Acknowledge delayed gratification. It’s hard to not buy something when you feel like you need it “right now.” Instead, be willing to recognize how beneficial delayed gratification is.
- Get comfortable with boring. Yes, you might need to eat the same meal two or three times a week. Is this really a big deal when you are talking about saving a lot of money?
- Learn creative cooking. There are countless recipe builders online, create new recipes using whatever you have on hand instead of heading to the store.
- Combine trips. If you have errands to run throughout the week, be sure to combine them into one trip to save gas.
- Have a date night in. Fire up a Netflix movie and make dinner with your honey.
- Go for a walk. Need out of the house for a bit? Lace up your shoes and go for a walk.
- Relax. A no-spend month isn’t really as scary as it seems, just relax!
Have you tried a no-spend month before? How did it go?