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Eliminate items you shouldn't have bought

The Plan

Every so often I realize that I've been spending too much. As a result I take a month (although the first time was 40 days) and 'fast' on spending. It's not easy, but it's quite helpful in many ways. Each time I've done this I have actually made between 50 and 200 dollars. Combine that with the money I didn't spend, and the fact that I reformed my spending, it can have a big impact financially.

 

Welcome 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

 

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

 

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 or the next day

Check out the other spending pages too!

Cash: $66.52 (-$23.77)

Day 15: Avoiding daylight


Late start today, Anna and I finished watching Up and then went to get Bertucci's for lunch. The pizza was much bigger than we expected so there were leftovers for each of us. We went to see "The Men Who Stare at Goats" too. It was strange. Not sure what I thought of it. Anna picked up the check for both events which was definitely appreciated. Instead of getting right out on the road I decided to wait for the sun to go down. It's such a pain to drive west when the sun is in your face. The drive went well and I talked to a few people a long the way. I was rather tired early on though so I found a Burger King and bought myself a couple of $1 double 1/4 lb cheeseburgers and a Dr Pepper for all of 3.77. Gas was picked up at the same exit for $20. Liza and I were happy to see one another, even though I spent a half hour washing the floor where she deposited hairballs. sigh...

Inventory

Acquired: pizza + leftovers, gas, Burger King dinner
Consumed: $23.77, pizza, gas, Burger King dinner

Daily cash values:

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