Hey guys, and happy Wednesday!
We are now in the last quarter of the year and the holidays are around the corner. I don’t know about you, but recently I have become quite lax when it comes to my spending because it’s fall, the Labor Day sales piqued my interest, and my wardrobe needed a little pick-me-up.
Okay, I know, all of the reasons I’ve listed sound like excuses, and that’s because they are. But that doesn’t take away from the fact that recently, I’ve been spending a little more than I would like to and now it’s time to bring an end to this madness.
Well, lucky for me, and possibly you, October is National Financial Month! Who knew? With that said, I plan to participate in “No Spend October”. Now when I say I won’t be spending, I don’t literally mean that. Bills still have to be paid, I still have to eat, etc. With that said, I will only be spending on the necessities: bills, gas, and groceries. Now I might be missing another very necessary category, but if I am I’ll address that as it comes up.
My reason for participating in No-Spend October (I say participating as if I haven’t made this up myself):
- I’ve been spending more than I’d like to recently.
- The holidays are around the corner.
With the holidays approaching, I think we are all bracing ourselves for spending a little more cash than we intend to. I’m even the type of person that shops for Christmas presents really far in advance and still, I always tend to spend more during the holidays. I think it’s inevitable that we all will, but there is a way to prepare.Whether you take the money saved from your No-Spend October and put it towards holiday shopping or paying bills, it’s all up to you. But this month of no spending is just an opportunity for you to get your finances in order.
If this intrigues you at all, please feel free to join me for this month and we can keep each other accountable.
While for many you might find this challenge less than exciting, it’s best if you create a reward for yourself at the end of the month. Hopefully, your reward won’t undermine the savings you build up during the month, but just to give an example. If at the end of the month I feel so inclined to reward myself for sticking to No-Spend October, I plan on using a small fraction of that money to buy a holiday advent calendar from Sephora. (I’ll explain more about holiday advent calendars in a later post.)
Comment below if you’ll be joining me for No-Spend October, and what you’re saving for (holidays, bill and budgets, etc.).
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Until next time, get up, get moving and live your best life.