My last No Spend Month (January 2010) did not go as well as I had planned because of a number of unexpected crises. I did do less shopping but I ended up spending more money on bills that completely ate away any savings that I might have had from buying less. I am going to try another Financial Fast this month and try to have a No Spend February.
Here are a few of the things that I already know I should not buy this month because I already have enough to last me until the next month:
- body wash
- bath soap
- laundry detergent
- toilet paper
These are the things that I normally buy at CVS anyway so this might not translate to actual reductions in spending for the month since I have a separate CVS gift card that is used for those purchases.
I know that I will have to go shopping for food because I have eaten almost everything in the fridge and in the pantry already and I have to get cat food for his royal highness Dinero.
So for this month I will try to see how much I can stick to just paying bills and not buying stuff and see if it goes better than last month. I am making a huge (huge for me anyway) payment of $555 to the demon card with a balance this month but this is not going to be counted as part of the regular bills or spending.
February should also be more frugal for me since I don’t have a Valentine (Dinero meows quizzically) and won’t be spending on anyone but ME!!!!!!