This week, I have officially declared a No Spend Week!
I get paid on Friday and, although it’s a 3-paycheck month (woohoo!!!), I’m really trying to tighten the purse-strings, in general. Also, the recent A/C outage made it painfully clear how close to the edge we’re living in terms of our finances and I am really craving the financial security of having a little Emergency Fund.
I just got back into town after being gone at a work conference. Luckily, all my major expenses were paid by work (lodging, transportation, conference fees, and breakfast/lunch were provided by the conference). But I still had to pay for my own dinners for 3 nights in a row and though I kept my spending pretty minimal, I was really hoping/trying to cut my eating out budget this month. Being gone and forced to eat out for 3 nights (plus airport lunches during travel days) puts a wrench in that whole plan.
Thus…..the impetus for a No Spend Week.
No Spend Week Rules
I am allowed to spend money to pay for our normal bills (e.g., electricity, water, etc).
I am also allowed to spend money to pay for our scheduled debts (e.g., our due dates are this week for the IRS, 1 credit card, and Navient).
I am allowed to spend money for required transportation-related expenses (e.g., I’m almost out of gasoline and will need to refill before the week is up).
I am NOT allowed to spend money on anything else. Period.
That’s easier said than done. Especially given that I’ve been out of town for 4 days now, and we could desperately use a trip to the grocery store. Even so, we have a lot of food in our pantry and freezer and I know that if I get creative I can piece together some yummy meals for the family.
This month is projected to be pretty good on the financial front. Not only have we gotten some of our spending in check, but we should even be able to save up a decent amount for an EF. The third paycheck certainly helps, too, but I’ve got specific plans for it.
I put together a budget for the immediate future/moving forward. I know it’s desperately overdue. But I’ll leave you in suspense for another day (or two) and just tell you to check back. It will be up soon!