No spend September
Why am I doing a no spend September?
Now that the school holidays are over, I’m looking ahead to the rest of the year with huge anticipation. If you have read my previous posts you will be very aware that this is my favourite time of year, but with all the festivities ahead comes added expense. I’m a single mum and to get my best from life I need to keep a very close eyes on the pennies. I’ve struggled financially over the years. If things broke they didn’t get replaced but I wanted more and I learnt and researched. Now I budget well and I’ve learnt a lot of tricks to still be able to live a great life, feeling great….. Just cheaper! This summer holiday I’ve spent ( and wasted) far too much and I need to get back on board with my finances. To get ahead of the game I decided I would challenge myself to a No spend September.
How will I spend no money for a month?
I’m not going totally balls out, purse closed. What I am going to do is be detailed with my financial planning for the month. I’m going to pay my essential bills and food and anything that’s necessary for the boy’s but nothing else.
So what are my essential payments?
In my essential payments I will pay all the household outgoings, such as council tax, Electricity, water, telephone bills. We love Netflix, but we also have Now Tv so for the month of September I’m going cancel my subscription for that. I refuse to cancel my Birchbox subscription and although it’s not essential it’s an important part of my self care and I tend to only get that for cosmetics so it actually is very economical too!
How I will eat if it’s no spend?
As with the household bills I am only going to buy what is absolutely necessary.
I am going to cook cheap, healthy meals, but I will be batch cooking and freezing some, I wont be buying any treats, for example the boys will be fine without malteser spread for a month. It will be a huge benefit to me not to buy a jumbo bar of chocolate every few nights No more coffee’s when I’m out and about, it’s silly when I can have coffee at home. I’m just going to make sure I carry water, again a major health benefit for me.
I’m going to shop online with Tesco and buy as cheaply as possible. Shopping online is easier for me and it also means I will stick to my meal plan Out with the takeaway sandwiches, I’ll make them at home. No shopping trips out! That means no Home Bargains, No Primark . It’s very sad but will be worth it.
I’m aiming to only use 50% of my earnings and save 50%. Going through my expenses last month I usually I spend that 50 % on non-essential items. I don’t care how much 50 % is of anyone’s earnings it’s waste and can be spent on greater things. My plan is that by the end of the month I will be able to buy myself a cheap little car.