Do you find your expenses creeping up month after month? Do you use cash but don’t know where all of the money goes at the end of the week? Do you feel you have gotten a bit lax with personal finance? If so, you may want to try to have a no spend month.
During a no spend month, you limit yourself to only a certain amount you can spend on variable expenses. My family has had two no spend months, and each time we allowed ourselves to spend no more than $500 on variable expenses including groceries, dining out, gas, entertainment, and miscellaneous. Both no spend months made us more aware of our spending weaknesses and taught us some valuable lessons.Continue Reading