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No Spend January

January 3, 2010 by Lulu in Save Money with 14 Comments


This month is supposed to be No Spend January which is something that a few bloggers are trying out.  We will be ‘trying’ not to spend this month and just using what we have and what we generate for the month. Here are my guidelines for the month:

Use what is in the pantry

Use gift cards for purchases

Be thrifty/frugal

This was inspired by Sox who has had successful No Spend Months and has challenged others to try it too. Now I will be taking a few liberties with my spending as I will be using my CVS gift cards and Walmart gift cards that I get from using my cash back credit cards.

Bills are not included in the restrictions because you have to pay for them anyway…it only applies to things that you actually go out and BUY or ORDER so that should help.

I will also be using my CVS Extra Bucks to purchase items as needed….although I will only use them to purchase items that give back more ECBs.

I was not allowed to stock up in December so I have to use what is in the pantry and this means I will have to cook more at home.

I love fresh fruits, especially bananas which I like to be sort of green….so I will be buying those weekly (and ignoring the No Spend Rules ) and thumbing my nose at J. Money coz it is MY blog and I can do what I want!!!!!!!

Since we have to generate money to be able to spend for the month I guess I need to hustle and log in to my Blue Cross Blue Shield account daily to update my actions so that I can earn points towards a gift card. I guess this means I will not be able to eat out for the month (no Subway???? sigh) since I will have to save any generated money to actually pay for groceries.

I will be saving on gas for the month as well because I will not be making frivolous trips to WallyWorld to play with stuff that I do not need. Luckily I do not drive that much as I live close to work.

I can already predict that this will be hard for me because I am so used to spending….but I know that you will all be here to cheer me on when I fall. If you think you are ready to try this go ahead and do it. Do not be discouraged if you fall off the wagon and spend…it is not the end of the world….you can get back on and continue the journey and it just means that at the end of the month you still will have spent LESS than if you did not take up the challenge.

If you want to join the No Spend January challenge simply post a list of your own rules on your blog and then link back here so we can know who else is doing it.


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14 Comments

  1. oneadviceJanuary 4, 2010 at 5:16 amReply

    I like the idea of no spend for January!
    Am looking forward to see who else joins you with the challenge…

  2. Credit GirlJanuary 4, 2010 at 12:10 pmReply

    I would like to join this challenge as well! I will not be spending money on shopping this month or eating out and that’s really a challenge for me!

  3. Andy @ Retire at 40January 5, 2010 at 1:48 amReply

    Wow, what a great idea. Not sure I could do it but it’s well worth a crack. Can’t wait to see how you’re getting on later in the month.

  4. J. MoneyJanuary 5, 2010 at 7:25 pmReply

    Crap! Even with reminders in place I STILL forgot! Haha…guess
    wasn’t meant to be this month ;) And u don’t blame you on the banana front – I couldn’t
    last 3 days without one! Got me hungry just thinkin bout it.

  5. pen tabletsJanuary 6, 2010 at 2:46 amReply

    No spend January is something inaccessible for me. The first month of the year means to me a lot of expenses in many different issues. But the whole idea is great and could be really nice for budget.

  6. Court ReportingJanuary 7, 2010 at 12:23 amReply

    It’s really good idea no spend money for January. Share good information about save money.

  7. Laptop BriefcaseJanuary 7, 2010 at 4:55 pmReply

    Good luck on the no spend January. It sounds like a great way to help recover from the holiday spending. The hardest part for me would be to give up eating out. While I try to bring leftovers for lunch once or twice a week, I end up buying fast food for every other lunch. I just can’t get into doing homemade sandwiches instead.

  8. Matbaac?l?kJanuary 11, 2010 at 6:50 pmReply

    I would like to join this challenge as well! Thank You!

  9. RogerJanuary 14, 2010 at 11:51 pmReply

    This sounds like an excellent goal, and I hope you have much success meeting it. Keep up the good work, and be sure to tell us how it goes.

  10. Tracking My Finances In 2010: January Week 2 | How I Save Money.netJanuary 15, 2010 at 6:56 amReply

    [...] the last posting I got a gift card for $15.00 to Walmart from a friend and as part of the No Spend January rules I get to spend this money because it was ‘generated’ this [...]

  11. No Spend January Mid Month Check Up | How I Save Money.netJanuary 16, 2010 at 12:24 pmReply

    [...] this month I decided to join the No Spend trend and see how much I could save by NOT spending. It is currently the middle of the month and I think [...]

  12. Tracking My Finances In 2010: January Week 4 | How I Save Money.netJanuary 29, 2010 at 6:29 amReply

    [...] the last posting I have spent a LOT of money on unexpected bills so that really made a mess of the No Spend January that I was trying to go for. Some of it was things like the car insurance which I am paying upfront [...]

  13. No Spend Month: February 2010 | How I Save Money.netFebruary 3, 2010 at 5:48 amReply

    [...] last No Spend Month (January 2010) did not go as well as I had planned because of a number of unexpected crises. I did [...]

  14. Trimming My Budget: Toiletries | How I Save Money.netFebruary 10, 2010 at 9:39 pmReply

    [...] the word toiletries anyway? Are these items that we use only around the toilet? I just completed my No Spend January but since I had those big expenses that crashed the emergency fund I think my results were a bit [...]

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