Happy New Year everyone! I hope everyone has enjoyed themselves this holiday? We certainly have, and I'm sad that the holidays are almost at an end. My bank balance on the other hand, is crying with relief. I don't go too overboard for Christmas, and I will not get into debt - but I still have to reign things in now. That is why I'm planning a no spend January 2020, plus a few other months of the year.
For those of you who don't know what a no spend month is, the concept is simple - buy nothing but the basics.
That means that you pay your bills and don't go overboard on the food shopping. Use up what you at home first and spend more time meal planning. No extra treats and no takeaway food.
Blake will have to get on board with this too. He has school, intuition and swimming lessons to keep him entertained. I'm not taking him on a day out for the whole of January.
If he gets bored we can visit/have friends over, visit the local library. Luckily for me one of Blake's favorite things to do is play boardgames, so I'm sure he isn't going to be too disappointed by the lack of spending. I'm planning on having a few 'no spend months' this year. 2020 is going to be a pretty expensive year, Blake would like a birthday party and a holiday this year, and he's also getting his own room in the summer!
I've always gone through phases where some months I spend a lot more than others, but this year I want to pay closer attention to my fiances. Last year was pretty indulgent and I want to do better with my savings, no one knows what the future holds and I'd like a bigger safety net for emergencies. Money needs to be respected, not spend needlessly all the time.