Speaking of money, want to win $100? Enter the giveaway at the end of the post.
When I was buying item after item, I didn’t care how much money I was frivolously dolling out. I had a large credit limit across my credit cards and I thought that I would never spend close to my limit.
Oops…..I came really close to my overall credit limit!
After writing down all of my credit card debt on my handy whiteboard and creating a budget, I realized that I had a spending problem. Though I knew that I had to take control of my spending, I wasn’t sure how I was going to go about it. Then, after speaking with my wife, I realized that I needed a spending hiatus.
Enter the “No Spending Challenge“!
There are many ways that you can handle a no spend challenge, but the method I used worked for me. I took out my whiteboard again and wrote down all of my due dates for household bills, car payments, and credit card bills. After writing down my information, then wiping it clean, then rewriting, I figured out a solution for me.
Since I brought my lunch to work, I knew that there were many days during each and every week where I didn’t need to spend anything. During these days, I promised myself not to spend anything, either with cash or credit. I wouldn’t purchase food items, shop online, buy gas, pay bills, or dish out any money toward anything. Each and every month, I had about 12 days that were dedicated to my no spending challenge.
While my method won’t work for everyone, and each of you have to figure out a schedule that works, I implore you to join the No Spend Challenge.
As additional motivation, here is a great giveaway for $100 cash or a $100 Amazon Giftcard. Use the widget below to enter!
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