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Eliminate items you shouldn't have bought

Extreme NoSpend

Remember how I did NoSpend November last year? Well this year I decided to try it in December. There are a couple of reasons for this shift. First of all I had a vacation planned already for November so I didn't want to skimp on it since vacations for me are so rare. The other reason is that while last November was difficult (primarily because of football season) it wasn't as big a stretch to pull off. Christmas is a big spending time and I found that instead of really saving on holiday spending, it could have been differed. So is it really no spend? Tough call. So in that spirit I modified one rule from 09. No Christmas stockpiling.

 

No Change November sprung as a result of things being moved to December. I can now compare it to December as well as last November. I also get a chance to see if I am able to track spending when it is happening all the time. Lets see how it all goes! Also of note, I am changing how I list acquired and consumed. If I acquired a cookie and ate it all in the same day, it will only be listed in consumed. Acquired will only be present for things that make it to the end of the day. The exception to this is cashflow.

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Welcome once again to visitors from Budgets Are Sexy! And thanks to J Monee to posting my story

 

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Unless otherwise indicated you can't spend any expected income.
- Salary
- Wages
- Rent owed
- Established court settlements
- Alimony

 

If you have any bills, you can pay them.
- Credit card purchases from previous months
- Medical prescriptions
- Mortgage/rent
- Utilities
- Cell phone

 

NO spending of already existing money in your possession
- Cash on hand
- Gift cards

The only exception to this is spare change

 

NO stockpiling
- You can't buy gas on the day before it starts unless you need it.
- No loading up on extra food. If you're low on milk that's ok, but you can't buy a dozen frozen dinners

 

If you have any thing owed to you, you can call it in
- Owed lunches/dinners
- Money
- Take someone to court
- Stuff that was borrowed

 

You can sell get money by getting rid of things in your home
- Selling on Craigslist/eBay
- Returning things to Home Depot/Lowes (easy to find for any home owner)
- Unused gift cards

 

You can spend money that is refunded to you in that month
- Credit card cash back checks/ gift cards
- Medical reimbursement

 

Anything that you sell or get refunded must be spent after you get the money back.

So if you submit a reimbursement for medical expenses, or sell something online, you can't spend money in anticipation of getting it. If you submit it and you don't get anything sent to you that month... tough noogies. If you find out someone owes you money, you have to wait until they hand it to you.

 

Gambling is allowed with any eligible money (but I don't recommend that)

 

You can consume anything that you already have
- Food
- Toiletries
- Fuel (if you are a big commuter, consider this to be a utility)

 

You can barter
- Make dinner for someone with your own food, get someone to take you out for dinner
- Help someone out with a chore, get food or something else (not money) in return
- Sell anything you receive by doing chores for others
- Sell anything that was borrowed and then returned to you
- Sell anything for profit that you buy that month with eligible money

 

In the end you can potentially.
- Reduce excess crap in your pantry
- Eliminate items you shouldn't have bought
- Get evened out on things that people owe you
- Get in better shape from walking instead of driving
- Hang out with friends more
- Lose weight by eating more frugally (saving and eating leftovers)
- Eat healthier by cooking your own food
- Best of all, next month you'll have a lower credit card bill

 


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Send any questions to sox@vt.edu | Take a look at a previous day

Check out the other spending pages too!

Cash: $101.03 (+$84.12)

Day 31: Done-zo


I hate coming home to a messy house but here I am again. I spend a good chunk of time cleaning and putting things away. Even did some laundry last night and more today. One thing I knew I had to do today was get to the post office. If you recall, I made a rule that I can't spend any Christmas money from anyone unless I sent them a thankyou card or gave them a gift. Check, cash or gift card, the rules are the same. I was able to find some thank you cards that survived the flood so I wrote out a couple and trotted off to the post office. When I got there I picked up my mail too. In the mail I had a few more goodies. $40 back from medical reimbursement, two movies passes and a gift card to the theater (thanks to Discover points), and lots of fun Christmas cards! I ordered the tickets a while back on the 16th along with a Gap gift card. The Gap credit came as a digital reward thing, but the tickets were paper. I forgot to put the Gap thing in my journal here though.

Christmas makes this month a little tricky to get a handle on. It could be argued that it is somewhat like a focused bartering event. Even all the food that was provided for me falls in line with the same rules I had away from home. I shared my own food, made desserts, did lots of chores around the house. It's important to note too that I would have done these things on a regular spending month too. Sure there's things that I wouldn't have gotten if it weren't for the holiday but it would also not be a time where I had to give of myself either. Every month has it's reasons for why money goes in and out. What I've really learned by doing this, whatever month, is that it's always going to be difficult. There's always an acceptable exception that comes up. So be smart about what you buy, don't waste what you have and remember that sometimes it's ok if you buy things that you don't NEED as long as you still use it.

So what do I have in my 'pocket' now? I won't go into specifics about my gifts for the most part but this is the list of spendable/transferable items from the month:
- $101.03
- $25 Gap gift card
- $25 Lowe's gift card
- $25 Home Depot gift card
- Approx $13 in Home Depot store credit
- $25 BP gift card
- $25 United Airlines Credit
- Free United flight upgrade
- $5 movie gift card
- 2 movie passes


The rest of the day was watching hulu and Netflix. I had a hard time coming up with something to do for lunch. I had strong cravings for pizza but I knew there had to be something good in the house. After much fridge digging I found some linguica. It was a little freezer burned but it was still delicious! For dinner Melissa invited me to a friends house where we ate venison stew and I brought some Jalapeno Jam. Since Sarah couldn't make it to dinner she came over to play wii afterward. We played some new games and then Mario Kart online with Anna and Todd to ring in the new year. All in all a relatively calm day to end up the year. I'm very excited by all that I've accomplished this month. Well over $250 acquired 'spendables' covering all the gifts I could ever hope to give out. An amazing contrast to last month's $1600 in spending and even better than last November's income. This year ought to be fun. I definitely think I started it off right and look forward to a new year of new challenges. I hope you enjoyed following along with me!

Inventory

Acquired: $85, 2 movie tickets, $5 movie gift card, United credit(s), Christmas cards
Consumed: .88, thank you cards, linguica, chips, stew, jalapeno jam, present

Daily cash values:

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