challenge

No Spend March: Week Four

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We made it! The final week of No Spend March. While I feel that it was a good experiment and challenge to try, I will admit, the idea of forcing myself to not spend money felt like I was, in a way, shackling myself to my work and my home. While I may have a few extra dollars in my bank accounts, I passed up on many opportunities to see friends and socialize because, “I’m doing a no-spend challenge for work.”

Sure, it was entirely my choice to partake, but I definitely felt why it can be difficult to not spend money, especially when everyone around you is.

Let’s go over my final week!

Friday I repeated a mistake I made the first week - I found myself after a photoshoot hungry with no preparation, so I ended up going to Jimmy John’s for lunch. While it may be slightly better for me than McDonald’s (who am I kidding?), it was certainly not better for my wallet. Money spent: $11.11

In case you forgot, this Saturday was my day to allow myself to spend money, because I went to the Comic Convention and Entertainment Expo (also known as C2E2) in Chicago. I bought two Blu-Rays of shows I had been looking for for such a long time, and got Joel and I Taco Bell after our hellishly long day driving in Chicago traffic and walking 20,000 steps. We were not in a mood to cook. Money spent: $156.31

Yes, you read that right. Thankfully, I kept some restraint for the rest of the week, because I know I had to make up for this past weekend.

So, now that this challenge is over, what have I learned?

  1. I figured out times where I am more likely to spend money. My impulses are driven by hunger, always. This is why diets are the worst thing in the world for me (the latter of which I’m trying to attempt in an effort to clean up my eating habits). So, if I know I’m going to have a long morning or day of being on my feet, I need to prepare myself for that.

  2. I now take my time to decide what purchases take priority. Not being able to spend money has given me a lot of time to figure out what I need and want to purchase. I give myself less grief spending on items I need, and find more joy in spending on items I want, because I now give myself more time to reflect before purchasing.

  3. Sometimes, I’ll have to spend money, and that’s O.K. I’ve always made myself feel guilty when making purchases. Have you ever gone shopping with someone who carries an item around the store with her for most of the time, only to put it back right before you leave? Yeah, that’s me. Sure, reflecting is good (as I mentioned in my prior point), but also - I shouldn’t deny myself the simple pleasures of life simply because I feel guilty parting with my money.

Now, I better understand not to spend money frivolously by being prepared ahead of time, think about the purchases I want to make, and then, when the time comes, actually go for it and enjoy the process.

How did your month of no-spending go? Did we inspire you to try a no-spend month? What did you learn over the process? Leave your comments below!

(Also, if you’re nervous about not spending money - did you know Milborn Advisors can help you make a budget? Budgeting is a great way to figure out where your money is going and how not to spend it impulsively. Contact us today for a free consultation!)

No Spend March: Week Three

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This week seriously felt like it dragged. This is probably because I’m going to C2E2 this Saturday (Chicago Comic and Entertainment Expo), and I’m beyond excited. It’s my first time going to a convention this large, and there’s a very strong chance I’ll be in the same room as Paul Rudd at some point - excuse me while I fangirl at the age of almost-30.

But, why do you care about my nerdy pursuits!?

Well, financially speaking - Saturday is also my cheat day! I’m looking forward to spending guilt-free; I tend to hold myself back at conventions and not really buy things for myself, so I’m looking forward to splurging a little bit more this weekend.

With that being said, let’s go over my week.

Friday started off with a bit of spending - I was low on some skincare items, which, while they aren’t technically a necessity, they are something I prefer to have just because good skincare makes me feel better, inside and out. So, we’ll add those items to the spending. Money spent: $60.04

This was also the weekend we celebrated my brother’s birthday, so on Saturday, I got him a super nice jean jacket with an old-school Metallica poster sewn into the back of it (he loves metal and rock music). Money spent: $105.15

While the first two days were rocky spending-wise, the rest of the week went off without a hitch. I got to see some friends and relax on Sunday, and then Monday was back to my usual routine. I’ve actually been enjoying making my own lunches every day and seeing what Joel comes up with for dinner at home - plus, Thursdays are my fish night (he doesn’t like seafood), so I always look forward to salmon, kimchi, and jasmine rice to end my work week. Plus, cooking is - dare I say it- kind of fun?

I’m starting to realize that there are circumstances where spending will be inevitable, because of birthdays, or holidays, or other events happening (no matter how much you may try to DIY-it or try to find another way to not spend money), but I’m also realizing that spending is okay, as long as it’s mindful. Make sure your spending has a purpose, rather than spend just to spend.

Total Spent for the Week: $165.19

No Spend March: Week One

By Amy Lancaster

By Amy Lancaster

For the entire month of March, Amy is taking part in a no-spend challenge! Want to join her and track your progress? Join the Facebook group!

Last week’s post, I announced that I was going to be spending the entire month of March doing, well, the opposite - not spending.

Let’s see how my first week panned out!

(PS - I’m only counting expenses that I would otherwise not normally make - anything outside of transportation, bills, groceries, and other necessities for myself will not be counted.)

I started the month by realizing my cat needed more dry food, and of course, I cannot let her go hungry, so I had to get her her specialty food. It definitely costs more than the average cat food, but she’s going to live until 40, so I have to invest in that. Plus, I count her expenses as necessary, since a cat’s gotta eat, too.

Friday also decided to start with me getting sick, so outside of two hours, I spent the entire weekend in bed. This was definitely good for my wallet and any possible temptation. I also made sure to stay away from any shopping sites online. Joel and I did go check out the new Campsite 131 bar in the Third Ward, and he was kind enough to take care of the tab.

On Sunday, I was still sick. We made our usual grocery run, and Joel was (once again) kind enough to get us Cousin’s and satisfy my sandwich craving (is it weird to crave sandwiches?). Yes, I know I eat out too much - hoping to curb that habit this month as well.

On Tuesday, I woke up to a message from a photography group asking for the fee for the styled shoot I’m participating in on Sunday. I applied to this back in February and forgot that the payment would be made this month.

Thursday I was given an reminder that my free trial of Amazon Prime would expire the next day, so I had to - regretfully - cancel my membership before the charging period started. It pains me to turn it away (for now), but I have to commit to my goal!

Total Money Spent This Week: $10

For the first week, this is absolutely not bad. I’m hoping next week, I can make it $0, and keep it that way for the rest of the month!

How was your first week of No-Spend March? Have you joined our group yet? Click here to join and get support throughout the month!