Love this store
How am I going to do this? Just downloaded a book onto my Kindle all about a financial journo in London who persuaded her husband and herself to live for a year with No Spend (apart from the obvious things like food, mortgage, utilities, transport, medical).
Since we have a massive mortgage (so did the journalist), I want to go on a No Spend Year. If we don’t kill off a big chunk of the mortgage AND other debt (you know, the debt with the big nasty high interest rates), in the next 3 to 5 years, we will never get financial freedom, and I don’t want to be an old lady with no money. Read a bit about that at the link below (the site is a little out of my zone but the fear is real).
fear of being a bag lady
I do have a savings target for the year: $10 grand. We can call it the No Spend target. Seems a lot, right? Surely I don’t spend that much without noticing? I have a sinking feeling that I do spend that much, in a year, which is really about $900 or so a month. Likely on stuff that we don’t really need.
So I’m signed up (with myself). And to seal the deal I told my family (my son laughed and wished me luck, his girlfriend thinks it’s a great idea, but my husband said he doesn’t spend anyway so it won’t make any difference to him). My two beautiful nieces are all for this journey – supportive, but skeptical and “we are watching you on Facebook Aunti…” they want me to post regularly to prove I am staying the course.
Here’s the three things I faced this morning on my journey to work, walking the 15 minutes from my bus stop to the office – trying not to go in and browse:
The first is the department store wonderland full of goodies, and especially great for significant birthdays. Then, #2 is a fave store with cool business clothes to help me feel updated – especially since I teach tertiary students (I can’t be an outdated frumpy person).
Then a pic is The Body Shop who do so much to help women in tough markets, and I like to support their initiatives.
But the No Spend Year means my wallet stays slammed shut when I walk past these stores. Or I could walk another route.
Thinking about how to make the No Spend Year work, I came up with some ideas.
I can make a birthday gift for my Mom. I can make a special dinner for my son for his birthday, and paint a picture (he wants some art for his walls). I can make my lunch every day and if I don’t, well, then what I spend there has to come off the groceries for that week. I can go to coffee with friends and drink a glass of hot water (I like hot water). This might be called ‘blagging a glass of hot water’ from the cafe. Got that idea from reading The Salt Path (by Raynor Winn). How to blag hot water from a cafe
Feeling anxious already about this commitment. Does this mean that consumerism, or ‘consumpting’ which is what our son called ‘over buying’ when he was little, is a hard habit to bust? Yeah, I guess. Starting on February 1st. That’s Saturday!