Today ends my 15-day, self-imposed "No-Spend Challenge," and I thought I would take a few minutes to share with you how I did and what I learned.
First off, I have to admit I ended up spending some money. I'm not going to sugar coat this, so let me just tell you what happened. Here's what I spent:
$2.99 on Fred Meyer to buy 1 loaf of bread, 1 gallon of milk
$15 on babysitting
$36 on baby shower gifts (I forgot this was coming and had specific gift I was planning on getting)
$11.99 one can of baby formula (growth spurt, perhaps?)
$65.98 total
However, I also received some money during this time that offset the above:
$3 from good ol' Mom and Dad (to "buy" diapers and oatmeal from my stockpile)
$16.49 Rite Aid rebate
$19.49
So all things being equal, we spent $46.49 over the course of 15 days. But before I write off this entire challenge, I must give myself credit for what did go right:
- We did not spend money on fast food or eating out.
- We did not spend money at the grocery store (other than that $2.99 trip).
- I was AMAZED at the amount of gas we saved. Two weeks after filling up my car, it's STILL mostly full!)
- We got creative and found lots of fun free things to do and get.
- We ate a lot of home-cooked meals and home-baked goodies.
- We ended the month with money in the bank and even hawked a little extra away in our savings!
- I didn't have to worry about balancing our checkbook.
So while it didn't go 100% perfect, there were many benefits for trying and doing a mostly good job. So I'm glad for the experience!
If I were to do this next time, I'd start small. Instead of two weeks, I might try a weekend or a week. I'd also take the time to anticipate what's coming down the pike so I can plan better. For instance, I should've seen the baby shower coming and should've realized that one loaf of bread was not going to suffice.
Will I ever do this again? You bet! In fact, I hope to make it a regular part of our family's "financial diet." I hope I've encouraged you to try doing this challenge or some variation of it yourself. Be sure to drop a comment or leave me an email to share your own "no spend" story.
Photo credit Sanja Gjenero
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