spending freeze

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 Two

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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!

The first two days of this week went pretty well. My dad texted me asking if we wanted to get dinner with him and my mom, so we went to a place on the East Side called Strange Town. It’s an all-vegan tapas-style restaurant that’s super cozy and reminded me of dining in New York. It was super cool - if you don’t mind foregoing meat for a meal, definitely check it out!

Thankfully, my parents know about my no-spending month, so they picked up the tab - which, I believe they were going to do anyway, but I made sure to thank them profusely.

Sunday, unfortunately, was a bit of a different story. I had two photoshoots back-to-back that day, which meant I didn’t have time to go home for lunch, nor did I have time in the morning to prep my own. So, McDonald’s was my saving grace. Felt gross and terrible about spending money, even if it was a small amount. Money spent: $5.28

Monday comes around, as do my new classes for school. Looking at the syllabus, I realized I had to purchase a textbook. The school store was offering it for $186- I found a PDF version on a different website for under $20.

Also - remember how I was lamenting about having to discontinue Amazon Prime after the two-week trial? Well, turns out they have a fantastic special for students - so now, I get six months free with my school e-mail! Thank you, Jeff Bezos. Money spent: $19.95

The next day, I had my hair appointment that I had scheduled prior to my decision to do a spending freeze. Since it isn’t a necessity, I suppose I should count it, along with the Lyft ride that got me there. Money spent: $98.65 (eek).

The rest of the week went well - no reason to spend money, so I didn’t!

Total Spent This Week: $123.88

Comparing to last week, I did much worse in terms of spending. The only one I truly feel guilty about, however, is the fast food purchase - it was the only thing I didn’t need and didn’t plan out ahead of time, so now I know that if I’m going to be in situations like Sunday, I need to make sure to prepare myself ahead of time.

Is your spending freeze still going strong? What are some purchases you have trouble curbing? Comment below!

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!

No Spend March

By Amy Lancaster

By Amy Lancaster

So, this post is a little different from the rest.

As someone who is newer to the personal finance world, and – as someone who likes a challenge – I’ve decided to embark on different monthly challenges to help me improve my finances.

Looking back at my budget last month, I was floored by how terrible of a job I did. I tried to limit myself to $25/week in eating out, and $50/week in shopping (clothing, makeup, fun materialistic items, you know – things I don’t really need), and I absolutely failed. Granted, I had to do some extra spending for upcoming photoshoots as well as indulge in one of my nerdier interests via a local convention – but those acts alone made my budget completely crash and burn for the rest of the month.

Therefore, this month, I am forcing myself to do a spending freeze. Here are my personal rules:

  1. Only spend money on absolute necessities. This includes bills, groceries, transportation, and prior commitments (I have a hair appointment this month, but I feel it’s a bit of a win in terms of saving money because I have been able to work out a deal with my hairstylist to make it less expensive).

  2. Allot for one cheat day. This month, I’m going to Chicago Comic and Entertainment Expo on March 23rd – this will be the one day that I will allow myself to spend money on whatever I want (within reason, of course).

  3. Figure out ways to save more money. There are a few things I could most likely do without that I am paying for every month. This month, I will go through any recurring expenses and see where I can cut some corners.

  4. Share weekly updates. I’ll be posting weekly updates via this blog to share my experience, what went well, and what I can improve on for next week.

  5. Encourage others to join. This is where you come in! Because I have the discipline of my cat the moment a treat enters her field of vision, I will be creating a Facebook group for this that anyone can join! I’ll also be promoting the hashtag #milborntosave on our social media – so, if you want to share anything pertaining to this, make sure to use the hashtag!

Your rules don’t have to be exact to my own – everyone’s circumstances are different, and people have situations where they have to spend money on things besides the necessities. Just make sure to tailor your rules to your situation in the best way that will make sure you come out ahead by the end of the month!

Ready to join the challenge? Join the group and comment below if you’re #milborntosave!