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Hang out with friends more often

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: $3.57 (-$38)

Day 28: Hokie might


Saturday was another good day. Anna and I had breakfast at the house and then went off to see 'Fantastic Mr. Fox'. She bought the tickets and I bought the nachos. It was a really good deal on the nachos so we weren't too upset when we realized how crappy they were. At least the movie was good... oh wait, no.. it wasn't. After suffering through the movie we went shopping. I helped Anna find lots of things that she didn't want to buy at the stores nearby. They had great sales, just nothing quite right.

We came back to the house to watch the VT / UVA game which was going well after a slow start. Dinner was out with the family during the last part of the game. They were nice enough to understand when I had txts sent to me during dinner with score updates (we won!). After dinner Anna and I packed up and headed out to our respective road trips. I stopped for gas before getting on the highway and unfortunately didn't have enough money for a full tank. This was going to be tricky.

Anna and I talked for part of the trip which always helps the time go by. Unfortunately my phone battery was dying so I decided to end the call so that I could save it in case of an emergency. Dying phone battery did little to make me feel better about my likely close call on gas getting home. All was well though plus I got to eat my Whatchamacallit. I made it home and was able to get to sleep at a reasonable hour.

Inventory

Acquired: Family dinner, gas, turkey leftovers, nachos, movie, gas
Consumed: $38, nachos, gas, family dinner, Whatchamacallit

Daily cash values:

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