Hello, all! I’m sorry about yesterday. It was one of those lazy days where absolutely nothing gets done and you don’t even feel bad about it. Today, however, is not one of those days, so there will be two posts to make up for yesterday.
Twice so far I’ve mentioned the 30 Day No Spend Challenge. I first found it on the Living Well Spending Less website, so that’s the link I’ve included. Now, I know what you’re thinking, and no, you don’t get to skip your bills for that month. I wish. Pretty sure if that were the case I’d be doing the 365 day no spend challenge. The point of this challenge is to go through the items in your pantry and freezer in order to rotate the stock you have there while also cutting down your random spending for the month.
Just like everything else I’ve talked about regarding budgets and saving, you need to adapt this to your individual needs. Each person gets to make their own exceptions. Non perishables like milk, eggs, cheese, yogurt, bread… Things you can’t really stock up on ahead of time… These can be exceptions. Do you know that you have a birthday party or a wedding coming up that month? Maybe there’s another extra expense that you can’t cut out. These are all your individual exceptions. That sweater that’s on sale at the mall? Not an exception.
You can also do this challenge at any time, when you’re prepared for it. I’m gearing up and stocking up now so that I can do this challenge one of the months that I’m on maternity leave. Not only do I not want to do any shopping then, my income will be minimal, so this makes sense for our house.
I’m also a little bit of a psycho when it comes to stocking (thanks, Mom!) so we have our regular pantry and then backup items on a shelving unit downstairs. The goal is to have enough so that if anything happened with either of our jobs we would still be okay on non perishables for approximately 3-6 months. I focus on one area per month and that’s what I stock up on. It also depends upon what’s on sale. One month will be toiletries (shampoo, conditioner, soap, lotion, toothpaste, toothbrushes, deodorant, etc). The next will be laundry items, canned goods, boxed goods. You get the idea. This challenge ensures that we go through those items at times when we are doing well and can replenish them so that nothing expires in the meantime. I try to do it at least once or twice a year.
The last time I did the challenge I was able to save over $500 in a month. Your savings will depend on your usual spending habits and how committed you are to the challenge. Either way, it’s a good way to rotate the stock you have on hand and clean out your cabinets. It also forces you to get creative with dinner somewhere near the end of the month.
Definitely click the link if you are interested in doing this challenge. She gives tips on dinner ideas, meal swaps, etc. She also takes you through a day to day checklist of what to do.
As always, let me know if you try this out and how it worked for you. Also, I’d love to hear what you would do differently for your household.
Have a great day and I will post again later!