Reflecting on the No Spend week

Finances

So tomorrow brings the close to my first No Spend Week as inspired by Melissa McGagh and her No Spend Year!

Goodness! I thought it would be super duper easy, and not at all a challenge.

While on the whole, it wasn’t really a big deal, it definitely made some days more difficult than others.

The tough bit

Since starting up as an online health and wellness coach , D and I have been spending a lot more time going to various cafes in town. Which has been GREAT. It gets us both out of the house, provides a stimulating environment, and helps us separate work-life from home-life.

The trouble is, who walks into a cafe and buys nothing? No one!
Who walks into a cafe and has the will power to saying no to their home-made-deliciously-yummy-oh-so-tempting cakes!? No one!

So we either went in, and ordered water which was cheeky to say the least, or I spent a lot more time working at home. And when it came to the cake bit… I had to use a lot of will power, and ended up baking way more than usual.

On the flip side,

doing this No Spend Week has been fun as it’s given D and I the want to be more flexible with our schedules.

While we normally don’t go out during the week as D is up at 5am (and I’m slowly starting to repair my sleep pattern to join him), we’ve managed to sneak in a few mid-week dates that we likely wouldn’t have done before – but because they were free and we were keen to stay on track and not be tempted to walk to GoGos for some yummy cocktails… we went!

That free event was a motivational talk about an Autistic Person’s journey through life, and how they have succeeded not despite being autistic but BECAUSE they are so.

It was incredibly inspiring, and a great way to spend the evening.

The takeaway

So I’ve gone through the bank statements…. and I don’t see anything.

What do you mean? You avoided 3 hot beverages, the urge to shop and go get a leather jacket AND a pair of jeans, you said no to the yummy-delicious cakes, you didn’t go to GoGos for cocktails…. You’ve saved tons this week!

Only… I didn’t, not really. I didn’t save anything because I didn’t put any money aside to be put into savings. I’ve just left it in my bank, and put off these things to spend money on until next week.

The adjustment

It’s time I get real.

If I want to reach my financial goals then I have to start making some real changes – not just putting off those small purchases for a week; that won’t make a real difference.

I’ve spoken to many people about it, and I’ve done quite a bit of research and here’s what I’ve found and what I plan to do:

  1. Have a weekly budget
  2. Work with cash only – let’s you see the money physically depleting
  3. When it’s gone, it’s gone!
  4. MEAL PLAN, MEAL PLAN, MEAL PLAN.
  5. While I’m going through and recycling/getting rid of a lot of our stuff, see what I can sell, and take the time to put it up.
  6. Whatever is leftover at the end of the week goes STRAIGHT into a savings account
  7. Have automatic withdrawals from your main account to your various savings
  8. Put up a board of what you’re saving for so you don’t lose sight

And most importantly of all, Remember:

Buying something new, yes, will give you a thrill; but it will not bring you happiness, not long lasting happiness any way. So ask yourself before you purchase, is it a NEED or is it a WANT?

 

I’m dying to hear what you’ve done to help you save x

Happy saving.

Instagram: sl_hodder

 

No Spend Year

Finances

I read a book the other day, that talked about a lady who went 1 WHOLE YEAR without spending a dime outside of her bills and groceries….

I was like WHAT!? How on earth can someone accomplish that!?

I mean what about anniversaries, and birthdays, 
or better yet, to treat yourself with a cute new pair of leggings, or mascara
OR no dinners or movie nights out?!

I was scandalised at the thought..

But then I realised her point.

It doesn’t have to cost a dime if you’re spending quality time
PLUS you can actually find free things to do that are super entertaining!

This weekend proved it! Though the entirety of the trip into London was far from free – it was surely cheaper than usual as we spent the day strolling the Natural History Museum, London enjoying the Dinosaur exhibition as well as the getting in a selfy with my favourite mammal 

So this month we’re on a mission to cut back on expenses (lots of exciting travel plans coming up!) but still find fun things to do!

The Windsor Fringe Festival is this week,
September is National Yoga Month!
and there are tons of Fall fayres coming up !

So keep your eyes peeled, your budget low, your mind open and have some fun 🙂

*Anything you’re headed to this month? Please share 🙂