Friday, September 19, 2008

No Spend Weekend

Once again has inspired me – she’s amazing. In July her family had a No Spend Month. A time they decided not to spend any money besides the essentials ($250). I love this idea and as much as I hate to say it I don’t think there’s any way Matt and I could do this, not for a whole month anyway. We still have a long way to go on our frugality. Thinking about just how far we have to go kind of discouraged me but then I realized we don’t have to have a no spend month.

Even a weekend would help us save money and make us realize we don’t need to eat out all the time (our biggest money spending issue). Besides my two required night shifts each week we spend most our money on the weekends, eating out pretty much every meal. I figure if we go for even one weekend without spending any money on our regular vices we’ll save about $50.

I calculate it as follows:

Saturday/Sunday: $10 Lunch, $15 Dinner (each) = $50

This calculation doesn’t include any spending on movies or Goodwill shopping which we tend to do during this free time. Because of this it’s probably safe to assume we’ll save more than $50 but I wanted to keep it simple.

If we did a no spend weekend once a month (a very doable task) we’d save a minimum of $600 a YEAR! That’s a big Savings.

So it’s decided from September 20th until the 21st Matt and I are celebrating a no spend weekend. No movies, no craft purchases, and no fast food. The only money leaving our pockets will be for groceries on Sunday. And crazy as it is I’m really looking forward to spending a quiet weekend at home using up some craft supplies and spending time together.

Wish us luck!


Rachel said...

Thank you Meg, but you're right, it doesn't need to be a whole month. One weekend a month will be great, and you'll get to be creative as you and Matt find news ways to spend your time together.