Normal is broke. Be weird.
- Dave Ramsey
This summer, life has slowed down enough for me to concentrate on some lost priorities - frugality and good stewardship at the top of the list.
Since Caroline was born almost two years ago, I have been on a frugality sabbatical of sorts. We still budgeted and saved, but the priority was to make the house run smoothly and with minimal unnecessary stress.
If I needed something, I bought it/ ordered it. I stopped keeping close tabs on our grocery budget. I didn't worry much with how much we spent on birthdays or Christmas. We just lived and spent, not crazily, but loosely enough that I think it's time to dial it back and re-master some good ol' money habits - pay yourself first, save, live below your means, budget, use what you have, give generously!
The next era is on the horizon, and I'm feeling the need to flex my frugality muscles.
We have four kids to put through private school - and college! Then there's their looming orthodontic needs, cars, insurance, cell phones, etc. Also, we want to pay cash for some home renovations, replace cars, and really get the ball rolling with retirement. Our financial future is going to require planning and discipline if we want to reach our goal!
The ultimate goal is PEACE and not a dollar amount.
To challenge myself as the primary shopper and spender for the family, I'm making July a no spend month. I've always wanted to do one of these!
The purpose is two fold. Of course I want to save some money and relearn some old frugality skills. But even more so I would like to untangle my heart from the love of money and stuff.
Even though I'm constantly decluttering and getting rid of stuff, I'm still compelled to buy new and nicer stuff even if I don't need it. And even if I'm not buying it, I'm sure spending a lot of time gushing over it online.
So, I thought it would be fun to share what I learn this month on SWM and keep all my posts money themed. I want to share the process of gaining a more frugal mindset. Also, the public accountability will help me stay on track!
I don't have any super specific rules except - don't buy anything. And anything includes entertainment. Of course, we will buy food. And if something vital like our coffee pot breaks, we will replace it.
Also, I have a hair appointment that I'm going to keep, some credit at Gap, and some gift cards to a couple of restaurants. Stephen and I might have night out because it's summer and I'm with kids 24/7.
I'm allowing for a little fun so we wont snap. My intent is not to be miserly, but to be calculated.
Thoughts? Questions? Have you ever done a no spend month?
I would love for this to be an interactive series, so please jump in and share!