A lot of PF bloggers do “no spend days,” or weekly or monthly no-spend challenges.
I’m always surprised at how frequently some (definitely not all!) of the folks who are doing the no-spend challenges actually spend during their challenge months.
Most of our days are no spend days, especially during the busy parts of the school year. Though I’m going to track spending one of these months to see if that’s actually a true statement or if I’m just making that up via selective memory.
I think it’s true though. I have scheduled all our bills to come at the beginning of the month. We do grocery shopping about once a week (generally Saturday). Some Saturdays we hit the city and spend a lot of money. Sometimes we’ll go a week or two without any purchases if we haven’t had time to get to the grocery store. We eat out once or twice a week, usually Saturday lunch or pizza on Friday or both. Then we just don’t have time to go out and buy things and we don’t surf the internet for purchases much. So we do spend quite a lot of money, but only over a few days each month.
I also hate shopping and put it off longer than I should. I have a list of things that I need but haven’t gotten around to buying (new printer, black shoes, black sandals etc.) I need more time (or to prefer shopping to blogging or reading Georgette Heyer novels). When I do go out shopping for these kinds of items, I tend to spend literally hundreds of dollars in a single day just because a lot of purchases have been put off for days or weeks or months (or, embarrassingly, years).
Do you think limiting frequency of purchasing days helps? Is it better to limit frequency, amount, both, neither? Should one go all out and have a budget?
Or is this one of those things that different things work for different people?
What works for you? How do you spend “the right amount”?