- The financial crisis that follows the most expensive month of the year.
Tighten your belts and draw those purse strings y’all we are in the cross country marathon that is the countdown to January’s pay packet. I hate that slightly suffocating feeling you get after a huge expenditure like Christmas so this year I decided to take evasive action.
To my delight I came across a New Year challenge from the lovely Brittany over at Little Mountain Momma, a ‘New Year No Spend’. Put simply the challenge is to spend nothing for an entire month. *Gulp* a terrifying notion but all the same appealing, we finally managed to square off our debts last month and it’s about time we broke our poor spending habits and replenished some savings (aka learning to adult).
The plan is as follows…
- At the end of December I made an impressive month long meal plan and brought everything that could freeze or stockpile as well as all household items we would be needing.
- I set a small budget (£10-15) for a weekly fresh grocery shop.
- I attempted to think ahead and set aside cash for necessities such as Trevor’s haircut and brought any birthday presents in advance.
- Any going out or shopping must be done with gift cards (thank goodness for Christmas!)
I’ll keep you posted on how we fair (and/or fail!) look out for our week 1 update tomorrow.
In the mean time why not check Brittany’s post as she is a seasoned pro at a ‘no spend month’ or see what people are up to on Instagram with the hashtag #newyearnospend. Or perhaps you fancy a thrifty challenge too…?! Let us know, we’d love to hear your stories!
-Fifi & Florence x