How to Prepare for a NO SPEND Challenge in 2019
HTML-код
- Опубликовано: 27 авг 2024
- A new year is almost upon us. Why not give up spending, except for essential household expenses, for an entire year? Too long? How about challenging yourself to a month of no spending?
In this video I go over how you can prepare for a YEAR (or a month) of no spending by cutting out all non-essential items and budgeting in advance for only the things you decide are most important.
No Spend January Rules • No Spend January 2018 ...
#DebtFreeDana #FrugalLiving
How We Stopped Living Paycheck to Paycheck • How We Stopped Living ...
Pregnant? We cloth diapered 3 of our 4 kids, and estimate we saved THOUSANDS of dollars. In fact I started my RUclips channel as "MsDiaperD", sharing over 80 cloth diaper video tutorials. • Cloth Diapering 101
Build Your Cloth Diaper Stash Here:
*www.kellysclose...
*www.nickisdiape...
ツ S U B S C R I B E (it's FREE)
www.youtube.com...
Hey there! I'm Dana. I'm a wife and Mother to 4 kids, including twin boys and two girls. I work full time outside the home in finance as a Corporate Accountant, but enjoy sharing my personal and parenting journey online. We live in the Philadelphia area.
Follow Me on Instagram @DebtFreeDana
*Please be advised that some of the links above are affiliate links and I do receive a very small commission if you make a purchase using those links. I appreciate your support if you do, and if you don’t - no worries. We’re still buds. HUGS!
"Marty Gots a Plan"
Kevin MacLeod (incompetech.com)
Licensed under Creative Commons: By Attribution 3.0
creativecommons...
I did a no spend for the entire 2018 and paid off over $70,000 in debt. It’s possible. I joined a fb group called Hardcore No Spend 2018 but we are dropping the 2018 to continue. I recommend the entire year. One month at a time.
I need to join a support group but I don't have fb. I have instagram
Assuming you are making very good money to pay off that much debt... How on earth is it that people making 50,000 plus go in to so much debt yet people making under 30,000 are doing much better and debt free ( in most cases) is there a target on you guys or what.? Like the day you turn 18 three things are for sure people come out of the wood work wanting you to get a new car, get a credit card, and join the army!
Congratz!!!!
That picture of Dave in the background tho 😂😂
Allimarie Wallace 😁😁
My total income for 2018 was $1100..and I maintain a one bedroom apartment all utilities included.. I am a disabled Vet..fighting for my benefits..I do get a housing subsidy & SNAP Benefits aka "Food Stamps"..I coupon for non-food items needed..
I started doing a no spend month back in April & once I got into the challenge - I ended up doing "no spending" for 5months & saved $2000!
When I have a goal I declare, a month of austerity”, “a 6 months of austerity” or “a year of austerity” depending on my goal. My friends told me I was like Chairman Mao Zedong! But that’s how I bought my house, (had big down payment). The first thing I cut out was all those house and garden magazines, decorating magazines and lifestyle magazines........and instead of reading about beautiful homes I saved up to buy one! It’s hard to do a no spend year, but it’s worth it if we can reach our goals.
My church held a "FebFast" a few years ago, and my family gave up fast food and additional trips to the grocery store. We had gotten into the habit of running to "grab something quick" because we were in a hurry. This fast forced us to plan ahead, prep meals, and allocate importance of Convenience vs. Peace. We ended up continuing the fast for a few months, and it saved a LOT of money. (Mom and Dad also lost a few pounds!)
We need to do it again this year!
Renn Sea oooh I’m going to try this!
Love it!!!! Thanks for sharing. 👍🏻😊
This is SUCH a good idea. Christmas is depressing me because I don't want to buy useless stuff for my kids!
Let’s do it I paid off my home today I am so excited to continue the healthy relationship with money 💰
I recently read “A Year of Less” and the author did it for a year. My plan is to do a no spend 2019.
I saw another youtuber post a video this month about her plan to do a no spend year. You may like it also. She plans on posting updates through the year. Her channel is Ally Faber.
How did it go? :)
A YEAR, oh my godddd. 😱😱 I think I can do a month hahaha.
I feel like this and other money saving programs can be isolating. The average person doesn't understand why anyone would do that. That said, I think it's an awesome idea to see what really matters to you.
I'm going to do a January no spend... like every year.. but I can challenge myself to not spend in unnecessary things... all through the year
I'm all in. I think that we have to much things and we dont need them. I decluttered a lot, but its a never ending story. I think that a no spend year would help us. We could appreciate more spiritual aspects of life.
It's been on the back of my mind a no send year. It would be an easy $200 minimum a month savings for me for starters since the last four months I've been doing 2 lunch sandwhiches [only] at Jimmy John's twice a week at $13/$14. That would equate a sinking fund in car state tag out of the way in a snap by Feb 28th, sinking fund for 5-month car insurance in a snap by May 21, sinking fund by August for city car tag, sinking fund for bills while I'm laid off in the winter by December with no effort at all.
Good one - my goal next year is (related I guess) NO WASTE. I'm going to start a Waste Log and record what I've wasted money on - food I haven't consumed, things I didn't use or changed my mind about. I think this is my Achilles heel and I'll really be trying to not write too many things. Hopefully this will make me think twice before I buy things.. ! Your idea here is excellent.
I’m doing a no spend on clothes and hair products for 2019 so this video is right on time. Never done this before so I’m nervous.
We did a no spend month last month as well. The most difficult part for us was not eating out. We have two kids and I just graduated nursing school so we relied on take-out WAY too much. We just began our own debt free journey and are trying to spend very, very little. For the first time ever, we ended the month with money leftover to put on debt. It was the best feeling in the world. Been binge watching your videos for the last couple hours. 😊
We are trying this, got my husband on board finally! Also trying to buy most things second hand! Thanks for posting this!
Dana you look younger and fresher each week. Loves and thanks 👍🏻
First, I love your look today! You look 10 years younger. I don't know what you did but you should definitely keep doing it :) And second, Hubby and I are in! We've committed to doing a 6 month shopping ban. Consumables only, and only if we've used up the ones we have. Obviously we'll still pay our bills and buy food and gas for the car. But unless it breaks or wears out nothing else. We've set a pretty strict budget for eating too, about 25% of what we usually spend eating out. Best luck from our family to yours!
Wishing you all the best in 2019! :) Good luck with the no spend year! We greatly reduced our spending (although it wasn't a no spend) about a year ago, and it really is freeing!
Awesome timing because I really wanted to do this for 2019!!!
I did a no spend year last year. I had a brain tumor and had to quit work. You’d be suprised at how little you really have to spend money on. Great video!
Is that a picture of Dave Ramsay in the background?? 😂😂😂😂
We are very much in review mode now, scraping up money we can recoup from HSA, cashing out our credit card benefits, etc, so I love this video! We are bracing for tuition bills for our second child to start preschool while also finding a way forward on a smaller income this year. Thank you for your wonderful videos!
Aiming for a no spend 2019, very happy I found your channel!
I really appreciate you. The fact you spoke about reviewing last years expenses is brilliant.
This year has been the worst financial year for us but I’m feeling very confident for 2019. I’ve already started purchasing birthday presents for the kids birthdays (March, June, July, August, October) and also I put aside $10 per week for Christmas which is already a huge relief cause that’s where I struggle the most.
And the realisation that we have spent so much on take away and silly little things we just didn’t need.
I accept your challenge but, plan on doing it one month at a time. The more months I can do the better. May even do baby steps and do pay check to pay check. I have some credited card bills that need to be paid off.
We are planning a no spend January as well, or at least I am (not sure about my husband). The year is way too large a goal for us, though we’ve reduced our spending money by half. We do a written, monthly budget, and then have sinking funds for car maintenance and such. Reducing our spending money by half is going to be great for us as a family. Glad to find your channel.
Great ideas! I also love how you can see your hand gestures in the mirror behind. I do that too!😊
Dana thank You so much. 🙏 No spend 2021 has rolled out for me!
Wow, wow, WOW!!! I've already busted any plans for the entire year, but I do this is much smaller (daily/weekly) increments. Hats off to those that can handle doing it longer. Goals.
Yes, I am up for a no spend year with only the bare necessities. I've been having too many things lately that are going wrong and are emergencies like with my car right now and it's eating away at my money. I have not bought anything except one gift for Christmas because of my finances and wanting to be on a no spend. Merry Christmas and Happy New Year!
Thank you Dana! This was the first year that I ever really budgeted! I use the Dave Ramsey app. It took me a while to understand how to use it. But you have been a big motivator. I actually budgeted for Christmas and it made a huge difference in how I feel. So next year will be a no spend year as I pay off my largest and last loan!
My husband and I are empty nesters. We're allowing a $50 allowance a month for each of us in 2019.
This is for clothing and fun stuff, etc. That's it! I'll have $600 for me for the year. Wish me luck.....lol
50$ a month omg thats like a beer and a burger. lol. thats tight. but hey if you can do it. thats pretty good good luck
Tai Ruckus: I don't drink alcohol and I love the $ menu at McDonalds. I'm going to give it my best.....lol
I do the same thing. I use coupons for eating out & shop my closet for clothes. It usually is easy to stay within the budget. I find others try to spend less when around me! Lol
Hometown Girl and you have a partner, you entertain each other. Haha.
Like many of your other subs, I also had this in mind so, yes, we will. I have very little income and a lot of debt after a near fatal car accident and going YEARS without income while awaiting disability. My son also has some debt from working 2 jobs to help us through those years. We are in!! We need this gone. Thanks for this!
We can do it! I ate out only 3x this year and spent $50-$70 each time cash too much and disappointing each time..I shopped for clothes 5x, usually every weekend..our goal for 2019 no eating out for a year whewww..
Hello Dana, love all your video. All the best for 2019
I'm doing a no spend month for January (just posted my video about it today) and so I'm searching for inspiration in other's to help keep me on track haha thanks for posting this video!
If I take the challenge for no spend challenge, I think we need a Facebook group to help support each other
Thank you. This was very thought-provoking.
great timing I was plan on doing this for January. I started a expense tracker for the last two months of the year, now I know what I need to cut back on, great video.
I have watched you for a while, but have never heard where you are in your journey? What baby step are you on?
Have you seen Hannah Louise Postons videos? She did a no buy year for all of 2018 and shared her journey with monthly reflections!
Sarah Freeman the makeup lady?
blessing B yeh she did cut out makeup. But also clothes, homewares, house plants 🌱 too.
Hannah Louise Poston is fantastic!
I've been watching Hannah's videos too, she is very motivating!
Hey Dana, it is a splendid idea! I recommend a booster start with reading a library book "A Tree grows in Brooklyn" containing large amount of wisdom about frugal living and saving, and life in general. I got this book recommendation from a book club and found it extremely relevant to the topic. Great read with life wisdom, highly recommend to everyone!
Happy Holidays I love the way you think and you have taught me a lot ty it really has helped and continue s to ,I am a single Mom of three and one Granddaughter and I have only one income I take care of my house and my babies and all our needs all on my own we have a extremely play pageant and you help me with hurricane that out and finding ways to make budgeting not so boring I like the ideas a basically calls free living but still ways to have fun things to do with the kids I appreciate it I will continue to watch you, so I wish you happy holidays and happy New year to you and your family
We spend money on eating out. Only extra. I accept the challenge! Menu planning and staying organized the key!
I do "no money may" and that includes not spending nuts on groceries and using up what's left in the cabinet
I overdid my spending recently, so to not take money out of my savings, I am going to do a no spendmas. Happily, I buy things in advance, so I probably won't miss out on anything I had planned over Christmas.
I've been planning on doing this. We are planning to move next year from CALIFORNIA to Arizona, a permit move. We have been going through EVERYTHING we have. Purging things we can and getting things we will need. So next year is paying down debt.
good luck on your move.
I paid off my car in like 4 months (6000)
I will do the no spend challenge in 2019! Just the right video for me! I needed it!
I cant do this but i do plan on being more acountabable and writing all expenses down.and having goals to save up for.mabey limit my spending $
I'm definitely thinking of doing a no spend month! I love money "challenges" like this!!
Whoever accomplishes this has an iron will. I'm already thrifty with a penchant for being downright cheap but even I allow myself a treat here and there. I'm going to tighten the belt even tighter, though, to see how far I can take it. This is a great idea, Dana.
I agree with you on having two baking account. We do the same. We own our home and cars and we don't do credit card! This way we can play it safe. It seem to help us.
When you grew up poor so you always live in no spend mode. I’m a compulsive saver and need to learn how to spend guilt free. I want to do a spend year but it‘s challenging. I‘m able to buy something here and there but comitting to reaccuring expenses like a gym membership etc. is what needs to be done.
In my budget I put in like $500 to a $1000 a year for emergencies because I know most likely I will screw up and have something come up I didn't see coming.
I have to try it! Really good idea. That can make a person rich! Just in one year there will be a "no spend" habit and it will be really sorry to start spending again!😊
I accept the challenge! I will try it for January, but I hope to continue for the rest of the year. I am a graduate student working two part-time jobs. I have applied for full-time positions so I can get health benefits, but I know that with more income I can save more money in my savings. I am pretty good about saving 10% of what I earn each paycheck, but I really need to save more money.
You give such great advice. I love listening to you! Looking forward to new videos !
Dana - I have watched you for some time now. Always enjoy your spin on financing - I like how you go to the beat of your own drum! Thank you so much for your weekly shows. May you have the most holy of holy Christmases with your family. :)
Im single so this might be easy for me but 2019 is a no buy year. The only thing im buying is food and thats budgeted. I can buy anything I completely run out of. If I have zero mascara left I can buy 1 to replace. Im not buying clothes, shoes, any decorations or accessories for 1 year. I really want to dwindle my collection and be out of debt.
Hi your my new favorite RUclipsr.
Merry Christmas Dana!! Hope it’s wonderful for you and yours!
Lol I love that the challenge is my life... I budget $25 a month for each of us as spending money. Evey penny of our income is spoken for, every month.
Merry Christmas to you and your family Dana! Thanks for all you do throughout the year. I look forward to your 2019 videos!
A no-spend month is surely doable in my household, but I dare not even attempt a master plan for the year. Our household income can fluctuate greatly, and the money we have in the months of Jan. and Feb may be an entirely different beast than say, Sept and Oct. Makes it tough to do more than a general 'goals' list. But I like the idea of monthly.
I am doing a no spend year. I started on November 1, 2018 actually. My plan is to pay $30,000 extra on principal this year on our mortgage. It's just the two of us, and our dog and chickens so we can get away with a lot less spending, one would think, but our groceries rival big families here in NoCa.
How have your kids reacted to the news that you're going to be lean and mean in 2019?
Great advice as always!
I decided to put $100/month into my savings acct. Haven't been able to do this yet bc I'm paying my attorney $400/hour which doesn't leave much when unemployed.
I'm intrigued. I might just accept this challenge. Not sure yet.
Such a good idea 💡!
Thank you. I will do a no spend January.
We did no spend year for few years no its became a habit of no spending ❤
I like the term premeditated spending....
I'm getting on board with this challenge.
Um,.......apparently I've been doing the 'no spend challenge' for the past 2 months and didn't even know it was a 'thing'. Already $1,700.00 in the savings account. That amount started in the first month. Wow.
Seems so much more harder for single people who are dating! Ugh, so many drink and lunch/dinner meetings. Clearly, they can’t do house dates!!! I am trying to cut where I can, and decreasing my fixed expenses :)
Stop dating for a year is good for your mental health too 😉
My birthday is in January 😩😩😩
Mine is Dec 22nd and I have already started my no spend year.
Just start in February
Cheryl Fewell-Brown yes bit you probably were smart and prebudgeted for the month
Have you heard of the savers credit you can get a 50% savings on your tax bill up to $4,000 by putting money into your roth ira. You have to ask your tax accountant about this deduction and it only applies if you make under $65,000 a year. Clark Howard had an article on this thought it would interst you.
I get that personal finance is personal, but is a NO SPEND year really supposed to include things like ballet lessons and gym memberships? I'm having a hard time deciding for myself if I really can do a no spend year, or if I just need to cut way back.
Hi Dana! I've heard of a no spend but never really found out the details of it all. My question is, is the no spend basically what you have not planned for, you can only spend on planned and budgeted things? Tfs!!
Yes, exactly. The idea is to cut something so that you can save more money. Like if you usually buy coffee every morning - you'd cut that out for a month (or a year). It's a challenge in which you sacrifice something in order to spend less. Hope that helps. 😊
How do you track savings from a no spend year
i will try to be in. our financial advisor advised that for this yr. YIKES!!!!!😣
I'm in for the challenge!
I subscribed.Good video .
This is brilliant
That Hairstyle looks cute on her damn
Will you put a link to your video with the no spend January?
Sure. It's ruclips.net/video/CPfIadeWdfk/видео.html 🙂
Thanks! That was helpful.
I have a serious problem with spending money and with shopping. I need help.
Do you know any Dave Ramsey people in RUclips who rent? Preferably long term renters
Budget Girl on RUclips is a Dave Ramsey girl and she rants. She recently paid off all her debt. I love watching her videos.
im on.. no spending 2019
Wow what a challenge
Accepted!
No vacation no pocket money no eating out?
I spent my money at goodwill, and cheesecake factory.
What about gifts as in for birthday parties for kids?
Liz Oliveira first ask yourself or the parents if they really need anymore 'stuff'?
I have a line in my budget for birthdays that I know I'll b buying gifts for. If you allocate $xx per month for the total expense & shop sales, you can be prepared when the birthday arrives.
make yr own yogurt, kefir etc