What is a No-Spend month? It is a month were you do not spend on anything that is not a necessity. Obviously if you need toothpaste or your husband is out of socks without holes those are needs, but that sale in Anthropologie? Nope! That new mascara that just came out? No. Unless you are out of your product that you use daily or frequently you can not spend on it. Now this sounds kinda horrible right? I mean what if you see the perfect pair of Jimmy Choos boots for fall?? Really in all actuality it is a freeing experience and teaches us something this generation has never been encouraged to learn… self control. We are pushed and tricked into buying whether or not we have the money or the need for the stuff. We have been trained to always get the newest otherwise we become irrelevant. July is a no spend month for me and while everyone is different here are 5 reasons to have a no-spend month, followed by 5 ways to have a no-spend month.
Reasons to have a no spend month
- You need to save – Okay so sometimes this is saving for something special or it may just be you need to save in general. For me it is a combination, we have two large trips coming up and I rather have cash for that and spending there then a new dress here. I am sure Paris has better dresses anyway..
- You have been spending a lot lately – I am guilty of this. Last month I had some larger purchases and though they were necessary our accounts need a break. Maybe you were out of most of your makeup and you went into Sephora and now you don’t need another lipstick for 5 years and you have nightmares of your husband finding the receipt… Maybe time to take a spending break.
- Simplifying/Minimalism – With capsule wardrobes and minimalist wardrobes becoming all the rage right now, you may want to take a break from spending and just focus on what you already have. I followed a minimalist wardrobe list and cleaned out my whole closet, consigning and donating eight large bags full of clothes. After reading about minimalism and realizing how much clothes I have that I rarely wear, I am in no hurry to fill it back up. I love going in and just grabbing one of my favorite dresses with ease. We usually turn to a few favorite pieces over and over again so why fill our closets with just fillers?
- You need to pay off a few things – This could be credit cards, student loans, or other bills you want to get a handle on. Think about how much you spent last month on non necessities, and think about that going to a bill. Just picture it lowering and shrinking as it eventually disappears.
Ex. Say you bought a new eyeliner at Sephora = $22.00
Then saw a dress at BR you felt you needed = $150.00
Later at target you pick up a few tanks and a top = $36.00
You order a new pair of shoes for summer online = $76.00
Over the course of a month you spent a minimum of $284.00
That is almost $300 bucks that you could pay towards a bill!
5. You want to know you have the power and self-control – As I mentioned before it really is empowering when you choose not to spend. You feel a sense of pride that your will and goals are stronger than a bag or pair of shoes. Some moments are hard but when you walk out of that store or close that tab out you feel proud, your mind feels less cluttered, and your mate will be proud too.
How not to spend for a month
- Do not go to the mall – Seriously their is no point of putting yourself in that situation. It is like getting off coffee and then going into Starbucks for hours. Make plans somewhere else for your girl time.
- Take your credit cards out of your wallet – How can you spend on them if they are not there? (except if you have them on apple pay) It is far too easy to trick yourself into buying something just because you have cards you can charge it to.
- Use cash only – It is harder to spend when you actually have to see it disappearing from your wallet and handing it over. You think twice if it is a need or a want.
- Learn new ways to spend your time – Say you have always talked about setting up some shelves in your kitchen or organizing a space in your place, use the time you would be at the mall or shopping online to do them! Always wanted to start learning another language? Nows the time! Read a book, walk the dogs, learn new recipes, go for a swim. Trust me it is far more satisfying.
- Exercise – Sounds random right? But really a good workout is a stress and emotion reliever which is often the triggers of over spending and shopping. It takes your mind off material things and just on you, your health, your mental well being. It can also be a good way to spend time with your girl friends or even your husband. Next time you feel the itch to head to the mall, sign up for class instead.
These are just a few reasons and ways not to spend for a month but drop a comment bellow with your reasons or ideas. Challenge yourself to a No-Spend month!