No Spend January 2021

Hello Friends,
Hope you all had a great holiday season and a wonderful New Year. This 2020 holiday season sure was different and I am sure for most of you too.

This January I decided to make it a no extra spending month, meaning other then groceries, bills, and necessities there will be no other extra spending. I have made one exception to this, which is to our take out Friday’s because after a full week of cooking this mama looks forward to a day where I don’t need to cook dinner.
I thought I would take the savings from no extra spending and put it aside. I didn’t really use my credit card much for the holiday season, so I will be paying that off included as one of my bills this month. I also thought this would be perfect as a reset and to print a bigger picture of how much we can save by doing this.

I thought this was a great idea, since we are home more and have time to browse sales, amazon, etc…. we have been spending on things that are not a need. If 2020 taught me something it was that we have so much and only need a little. I also thought no matter how much or little the extra money turns out to be, I will be putting it aside, even if it’s not much it’s better then none and it may even become a habit. A great habit that I am sure my husband will love, lol.

You could also take the extra money to put towards debit from the holidays, credit cards, savings or which ever applies to your life.

I am totally not saying shopping is bad or that you shouldn’t be, because I love to shop. I am sure I will be back to shopping, but if I can do it for the month of January, I would like to continue it for more months on and off. I already started a new habit of not buying so much clothes for my kids unless it is needed of course & for myself. Since March 2020 until today my younger kids grew out of so many clothes, jackets, that they didn’t even wear because, well we know. The most items that totally wasn’t worn was dress clothes. There is no need for so much extras, so this is already a great habit that I believe will continue. Buying when needed and not just because.

What do you all think of this idea? Let me know but commenting down below if you will be doing the same.

Before starting, I would recommend making a list of your monthly expenses so that you know exactly how much money will be coming out and then you can see about how much money you can save without the extra spending. Having that as a visual will inspire you to stick with it. I am not an expert or a financial adviser just sharing what I plan on doing and how I started. So even though we are a few days into January, don’t worry you can still start or you can plan to do it for another month.

Comment below and let me know if you will be doing the No Extra Spending challenge & if so when are you starting?

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