A No-Spend Challenge
Filed under Budgeting , Saving , by Alison on 9:58 PM
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photo by stuartpilbrow
Two bloggers that I know of, Amanda at Kiddio and Amy at MomAdvice are declaring February a no-spend month. Both ladies have set aside a certain amount for necessary expenses, such as groceries, gas, and utilities, but that's it.
I've often wondered if this is something that would benefit my family. Our spending isn't out of control, but holding back a bit just to remember and appreciate how much we really have can't be a bad thing. My hesitation essentially revolves around one thing - what if something great goes on sale? But in all honesty, if I were serious about such a challenge, I wouldn't go browsing the clearance racks at Target, I'd temporarily stop reading a few blogs that basically just serve as a way to notify me of neat things and great sales. I would remove all the temptation that I could and, as a result, I'd probably never know what I was missing out on.
So will we do it? Well, not this month. And if we do do it in the future, I may do a week long test run first.
Do you have any experiences with purposely not spending money for any length of time? Would you consider participating in such a challenge?