No Spend October

You read that right!  We’re doing another “no spend” month however this time we as a family will all be together for it!  In order to help prepare for this coming month we’ve stocked up the freezer and pantry a little bit and have some tasks ahead of us.  The tasks are simple: learn how to be a family of 4 (baby is due October 4th).  We will spend cash instead of swiping the debit card to ensure that the allotted budget isn’t manipulated or abused, and we will stick with it.  We absolutely have to get our heads in the game.

Dave Ramsey talks about a facade people who have unhealthy budgets have: nice new vehicles, all the fun vacations, great meals out and excursions, essentially “keeping up with the Jones’.”  Since they’re paying for everything later they cannot actually afford the things they have.  They use loans.  Loans are debt.  Debt is money you do not have therefore you cannot afford the item.  Financially fit families live with what they have, or less, so that they can buy with today or even yesterday’s money.  That’s our goal.  We’re working on becoming debt free while living with one income.  In order to help speed up the debt pay-down process we’re randomly challenging ourselves to “no spend” months.

Here’s what we’re trying to accomplish with No Spend October:

  • Spend as little as possible on groceries
  • No “wants”
  • No trips or visits out of town
  • More time with family in our local surrounding
  • Put more money toward debt than usual
  • Create good solid spending (or lack there of) habits

I’m hoping that since we will be adding another little into our family we will have more motivation to stay home and not spend money. 😉  Stop by to help us stay accountable as I will be posting throughout the month with progress updates.  Maybe once we get the hang of this “no spend month” obstacle we host an accountability group for our friends and family who want to give it a shot as well, as for now it’s just us. *fist bump emoji*


Author: Katrina

My name is Katrina and I’m married to the love of my life, William, who is a first lieutenant in the United States Marine Corps. Together we have the most precious little girls, Elizabeth Lorraine and Alodia Claire. I'm so glad you're here!

3 thoughts on “No Spend October”

  1. Good luck, this sounds really hard! I’m definitely guilty of overspending and getting into debt in my early 20’s. I’m climbing out of it now, but I wish I’d had a better head on my shoulders when I was younger.

    1. Thank you, all the luck we can find will be helpful. 🙂 Debt is no joke! Between our vehicle loans and student loans we have more than a years salary. That needs to change!

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