A few years ago I stopped having resolutions for the new year - they enver worked and weren't worth the eventual guilt. This year, however, Ben and I are planning something new for the new year.
We're going to do a 3 month no-spend. Inspired by this blog we're going to stop spending money. Thankfully, Ben and I don't have a debt problem - the government is paying back my school loan via my child tax credit and universal childcare benefit (take THAT people who refused to give me a government loan!) and our mortgage is less than a lot of people pay for rent. We don't have cable or cell phones and so have no guilt with our phone and internet plans. We're already fairly frugal with spending, but do have a weakness for junk food and Starbucks.
So here is the plan:
- groceries once every two weeks, max 150$ each trip.
This is higher than our usual grocery budget (120 every two weeks) but we usually eat out once a week and make weekend runs for snacks. I figure raising the groceries slightly will still cost less than what we were doing.
- 120$ a month for bulk.
This includes meat (we shop at Costco) and pasta, rice, nuts etc. I get at Bulk Barn. I doubt we'll spend that much, as we don't get everything every time we shop, but that's the max I can spend at one time to replenish.
- Formula for Eli and Diapers for Hana
Eli is full time in cloth, so that's not an issue. Hana was in cloth, then potty trained, and then peeing on my floor. We're trying different methods of pottying with Hana, but she needs disposables at night, otherwise she and the bed are both soaked in the morning.
- Go to the Gym
I have a membership and I will use it twice a week minimum. I'd like to be going three times a week, but we'll start slow.
Everything else is off limits. There is nothing else we need. At the end of the three months we'll see how things are going and move forward from there. I'm hoping I'll be able to cut back even more, but again, we're starting small. The hope is that we'll save enough to be able to get new flooring and paint for the house. We've been here over a year and the walls are still bare.