This is the last week in NO SPEND February's Challenge -and. the. crowd. goes. wild!!!
I don't know if other's of you took it upon yourselves to do this or not; but I found it to be quite telling in how we spend our money!
Meaning: I learned something!
Just let me stress --- it takes two, to be successful; especially if there are two in the household.
All or nothing!
When the two of us discussed how we wanted to implement this. We agreed it would be ...
(my WORD for 2013)
- Cash Only --No ATM
- Necessary Gas and Groceries ONLY.
- No eating out.
NO ATM rule:
That rule got broken. I'd like to say "I made no purchases with a debit card."
Didn't happen like that.
We used the debit card for Gas only. We spent $60 for gas this month.
I used the ATM card to withdraw CASH for an etsy shipment, a FEED Store run and Fire wood. (Some of this will be replaced)
Necessary Foods vs. UnNecessary Eating Out:
I'm happy to report we did pretty well.
- The only necessary spending for groceries was geared toward restocking the pantry AND...any essentials that were on sale.
For instance, I was able to buy Sugar on sale early in the month for $1.99 for 4/lbs. (not great...but pretty good around here) I was also able to buy ULTRAGRAIN GROUND HARD WHOLE WHEAT FLOUR for $.70/ lb. (10 /lbs = $7.00)
- Also when the month of February started-- Eating out was off the table. Wasn't going to happen. Nope.
We ate out. But...I have a good reason!
My Dad turned 70 years old this month...both brothers and I agreed-- we decided we HAD TO DO SOMETHING for Dad. Party at my house wasn't going to happen. Long story short we made reservations and have the whole family (those that could make it) surprise him at Carmona's Mexican Grill and Cantina!
I split Fajita's for One with my Aunt. Oh man! they were good too! We paid with Cash for our dinner and Dad's gift and I saved a little bit on my meal :)
We even got Dad to wear the Sombrero and let us sing Happy Birthday to him and he ate his Birthday Sopapillas!
Happy Birthday Dad!
Money Saved: $190.00
Over-all we saved- $10 / week for propane. Our total for the year (by Thursday this week) is $80.00 ($40 for February)
We had $100 left when our monthly check was direct deposited. Doesn't sound like much...but believe me it is!!!
We saved $50 toward an Emergency Fund.
My brutally honest keeping it real statement~
- Our POTENTIAL for MONEY SAVED: $428.00 total. That is what we could have saved had we not had to buy more firewood, eaten out at the birthday dinner, plus tip, plus gift!
What did I learn?!
- It can be done if you're both on board.
- Debit Cards can be habit forming (enabling,even!) unless used wisely.
- A well stocked pantry is essential when CURBING EATING OUT.
- We can continue to tweak the budget and tame the beast!
- My Dad is Priceless!
How about you? Are you changing things up with your household budget? Are you over OR under in your spending? I'm not a finance blog...so I'd love to hear your take on some of these matters? You can leave your comments below!
Let us not grow weary in well-doing; for in due season we will reap, if we faint not. Galatians 6:9