Image source: Lucius Art on Etsy
The premise is a simple one; don’t spend money on anything you don’t need in January. The key word there is need.
I don’t know about you but the festive season certainly tapped our savings (buying a new house and moving didn’t help things much) and I would like to claw back some of that money. I’d also like to start preparing ourselves for the shock that will be living on one wage. (Maternity leave is going to come to end soon!)
For me the idea of going a whole month of only spending on things that we need scares me.
I’m shocking when it comes to impulse buying. I see things on Instagram and I’m off hunting the internet to purchase some of my own. I will be out in the stores and I find myself buying things for us that we definitely don’t need. (It’s gotten worse since having the Little Man – I find I am constantly buying things for him that he doesn’t need.) I like to stock up on grocery items as well, which is nuts. We have a great little supply of hand wash, cleaning products and toiletries. (It’s like I’m a closet Doomsday Prepper!)
It disgusts me how much food we throw away each month. Neither of us have learned how to just cook and freeze for the amount of people in our home. When we entertain we always over cater. It’s just weird and I’m sick of it.
We have a house full of stuff. Over the past few months while we’ve been in between selling and moving we’ve lived with a third of our possession and it’s been great. It’s really driven home to me how much stuff we don’t need and I’m making it a goal for 2013 to get rid of it all. Whether that’s through selling it, donating it or junking it I will be cutting down on our possessions.
This year I’m all about learning to live the frugal life. I want the Little Man to grow up knowing the value of a dollar, having the ability to save and achieve goals and in a happy home that’s not worrying about paying for a lifestyle we don’t need.
So my first step towards achieving this goal is to do No Spend January. It’s going to be tricky, but I’ve sat down and done our budget and we can totally do it. I can’t wait to look back on the 1st of February and see how we achieved this goal. So, who’s with me?