No Spend January

I tend to go a little…overboard during the holidays when it comes to spending. In fact, I opted to pay half of my credit card bill in the middle of the month so that I wouldn’t have a coronary when the whole bill was due at the end of the month (I’m one of those people who refuses to carry a balance on a card). I’ll probably still have a coronary, but at least it will just be a mild one. I hope.

So Winey and I were talking (as we often do) and she thought that it would be nice to start the new year without excess spending after the holidays. And with that, #NoSpendJanuary was born. I know that sounds daunting. But it’s not like we’re going to stop buying groceries, though I do plan to use up a lot of stuff in my cabinets before things expire. Does pasta expire? If so, I’m going to need to eat A LOT of pasta. But the point is, I don’t need any more pasta when I go grocery shopping.

#NoSpendJanuary is more about seeing what you can do without. Do you really NEED all that shit from Target or do you just need the shampoo you actually came in for? Do you really NEED that latte from Starbucks, or can you brew your own coffee at home and pour it into a travel mug? Do you NEED that pair of black heels when you already have 10 other pairs? Do you NEED another pair of underwear or a bra when your lingerie drawer is already overflowing?

So what are we committing to this #NoSpendJanuary?

Winey:

  • No shoes
  • No clothes
  • Only necessities from Target
  • No Starbucks
  • No lingerie
  • Bring lunch to work

Bitchy:

  • No shoes
  • No clothes
  • Only necessities from Target
  • No lingerie (EVEN THOUGH IT IS THE VS SEMI-ANNUAL SALE)
  • Eat mostly food I have already purchased (frozen foods, dry foods)
  • No fast food/convenience foods
  • Bring lunch to work

We also plan to track our spending and create budgets on the Mint.com app. I just loaded my bank account into it and I already hate myself. I spent over $800 on shopping in December alone. So I plan to create a budget and actually stick to it. $800 on clothes and shoes and lingerie? That’s appalling. I mean, not all of it was for me, obviously, as I was buying gifts for Christmas, but I also did a lot of buying for myself over the past few months. It’s already created a budget for me, perhaps based on previous spending, but I plan to sit down and actually use the Mint.com app to create a budget that I can live with. I only spent $56 in groceries for December, yet I spent over $200 eating out at restaurants and grabbing food from fast food places. THERE IS SOMETHING VERY WRONG WITH THAT.

When we tweeted about this, some people responded that this was going to be hard. WAH WAH WAH. Well, obviously it’s going to be hard. Spending money is the easy part. Saving money is difficult, especially when it’s so easy to just swipe a card. And like Winey said, “Sometimes hard things are good for you.” AND GET YOUR DAMN MINDS OUT OF THE GUTTER. The point is, you learn from the difficult things in your life. If everything was easy, what would be the point? If you put your bank account/credit cards into the Mint.com app and aren’t concerned by your spending, you either already have amazing self-discipline or you’re crazy.

Honestly, I see a lot of this continuing on past January. I don’t need any more shoes. Really. I don’t. I have all the shoes I could ever want and more. I shouldn’t stop and pick up dinner as much as I do. If I planned ahead, I’d be able to do more cooking at home when I got home from work, no matter what time that is. And do I really need YET ANOTHER cardigan from Target? Damn you, Target.

So who’s with us? Who else is going to commit to #NoSpendJanuary? And what are you not going to spend money on? And download the Mint.com app! It will make you sick to your stomach, I can assure you.

Oh, and stay tuned for another #tendaypurge! We plan to bring that back for the new year, too!

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One Response to “No Spend January”

  1. Rad Cocker says:

    This is one of the smartest things you, or anyone, can do. Someday you’ll have to live off your savings. You won’t be able to do it if you don’t have any. I read recently that the average 50-year-old has about $115,000 in retirement savings. You can’t live 20 or 30 years on that, even with Social Security.