Starting on February 1st I am attempting to have a "No Spend" month, but what does this mean for me?
Well it means no unnecessary spending. So my regular Amazon, Torrid and Asos orders will have to stop for the month. On top of that I will be limiting how much I eat out and saving as much money as possible. I will still pay all my bills (obviously) but I will not be spending unless I have to. Here are the rules I have set for myself:
1. No clothing, makeup or any other shopping.
2. I am allotted $30/week for eating out and $25/week for Starbucks.
3. Record everything I do buy.
4. Pack a lunch for work (meal prep for the win!).
5. Find free things to do for fun.
I don't have high hopes of being successful at this first ever attempt at a spending ban but I think it is going to be fun to attempt. I don't worry at all about getting board and not being able to go out, mostly because I don't go out. What I am concerned about is the anxiety I experience when there is money in my bank account and not being able to spend it.
As a way to help me with curbing my spending I have already deleted all food delivery apps and shopping apps from my phone. The next step is to set up an easy to follow budget that I don't feel stifled by.
My major goal out of this experiment is to prove to myself that I CAN save money and jumpstart my non existent emergency fund. You can follow along my journey on twitter where I promise to tweet all of my anxieties as they happen.