💸 NO SPEND JANUARY - The Results! 💸
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- Опубликовано: 8 фев 2025
- In today's video, I share the numbers for No Spend January at the end of the month. I love having a No Spend month in January as it's a proper reset for my finances :)
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I have no choice but to do a low buy year as I'm in my second year of paying off my debt. I'm still super motivated and it actually doesn't really bother me now when I have to say no to things - as long as my son gets to do things then I'm happy
You’ve got this 💜
@@NicolaatTheFrugalCottage thank you - you too!
You're doing great
Keep numbers as they are , less pressure and allows for price increases x
True!
Agreed!
I would leave the numbers because the positive mental boost would encourage me e. You've done so well 😊
Thank you ☺️
I carry forward any over/under spend to the next month. Especially for food. This means I have enough to not worry about Christmas food. I also don't adjust budget amounts until I have at least 3 months data so I can see the average I spend per month.
Well done, Nicola! It looks like you are on the right track. Congratulations!!
I was quite successful as well, although I need to work more on my food budget... For a single person, I definitely spend too much 😐 I had 17 no spend days in total, 10 days of green light purchases which are grocery runs (as I mentioned before, I walk to shops so I buy food in smaller batches a few times a week) and 4 orange light purchases, which were mostly snacks for work. I have another win for January as well! Instead of going to the hairdresser for a much needed hair cut, I bought a set of hair scissors and a pair of thinning scissors from Amazon for about £12 (paid with gift vouchers that I already had). I followed a tutorial on RUclips and gave myself a haircut for the first time in my life! It took me about half an hour, but I saved myself a trip to town and a £35 for the cut! I am very chuffed with myself ;)
It sounds like you’ve had a fab month 😍
My no spend went well I also did a dry January and I lost 4 pounds in January! Great job, Nicola!
Amazing 😍
Cheers to making our own rules for no spend/low buy goals. I need to get better at end of the month reflection, thanks for the inspiration!
I put 102 pounds towards gas per month, i split it into two parts.
I look at gas prices at the beginning of the month calculate a tank of gas
Combine multiple trips into one, stay at home whenever possible
If you don't have more cash you can't go over a budget set a mount
True ☺️
Keep figures the same and put remainder in emergency fun to draw on if needed.
Good idea ☺️
Great January for you Nichola. I would keep the figures the same and reap the benefits of the roll over each month xx
Good idea ☺️
That is what I was going to say as well.
Well done on your NSD target. I keep my grocery budget the same, regardless if I underspend. I then keep that cash in my wallet and stock up my pantry and freezer when I see offers or yellow stickers, without going over budget. I had a PSD (planned-spend-day!) in January as I’ve been saving up for the sales. I just purchased a new tall storage cupboard - IKEA Billy with doors to store firewood kindling. It’s the perfect size for a small corner in my living room, and replaces a row of 3 x fold up laundry hampers temporarily used as cheap storage. The cupboard takes up less floor space and made the living room feel less cramped, and the laundry hampers have moved to bedrooms to tidy up there. Win-win!
Sounds great!
I would carry on as you are doing until the beginning of April (new financial year). I would then allow a little bit more for essential categories where you can see you are struggling. I’d adjust the figures by about £50-£60 then you should still have a little leeway and a bit of positivity in your budget which we all need. It’s so depressing if we are short of money every month but a little buffer will keep your spirits high. Well done on the no spends, that is amazing. Mine was 20 but I’m pleased with that as it was my aim and I don’t count direct debit days as no spends so the total could be higher.
20 is amazing 😍
Not counting petrol definitely makes sense. No use in demotivating yourself over things you can’t control!
Very true ☺️
We often had random meals using up what was in the fridge and they were often so tasty
continue with the same budget and the feeling when you have salvaged money at the end of the month with freedom to use that money to pay off something, buy something you need or dont need or have some fun (your choice) or even half and half.......that is your reward...good luck
Good idea ☺️
Well done Nicola. I managed 27 days. Coffee was the culprit! The money I saved I've split up for savings & an emergency fund. Doing the same February. New flask also so less coffees. 😊 ☕️. Take care
27 is amazing 😍 and I can totally appreciate how coffee could be the culprit ☕️
For my budget I look at it on an annual basis....last month I spent nothing on Dog food. This month £38.
So i put a set amount in each category say £40 a month and keep it rolling over until the end of the year. Some months i go over and some under but the months i go over i have money in the pot from previous months.
If there is any left in each category at the end of the year, i either reallocate into my emergency fund or leave a starting balance to give a category a headstart.
I find overbudgeting a category means that i am rarely left in a deficit, and it is much less stressful.
I wouldnt lower your budget and i might increase the pets one to £40 a month and roll it over so that when you get to the cats medicine it doesnt feel like you have to take it all out of that months wage x
Good idea ☺️
Random combinations here too...for lunch just had poached eggs, toasting waffles and stewed apples. Sounds gross, but was delicious! We do what we can with what we've got ❤
Absolutely 💜
Let the budget run for a few months to see if you're regularly going under budget - if so then adjust the budget. Any extra should go to building your emergency fund and then to overpaying on debt.
Good luck!
Good idea ☺️
Well done to you. I would keep amounts the same, gives a little wiggle room and slightly less stress. Plus as you flick through your book and see more green highlights may give a mental boost when you do face those tough month's, a reminder of your achievements. Appart from groceries i set myself a set amount of what could be spent if something came up for the month (£40) for those things that catch you out which i used £12 but I went over my target grocery budget but was still under my usual spend on groceries. Still a savings win but a mixed bag of results. Will carry on into February, as the saying goes ..... Every little helps.
That’s true ☺️
No spend January started well for me but then life got in the way. Having a family member very unwell in hospital for a couple of weeks meant the no spend went out the window. I’m trying for a low spend feb.
That was me also!
Petrol and parking
I hope your family member is ok 💜
Thanks for this, and also for your planner. I had £88 left over, but I'm not going to change my budget, rather I'm going to keep a record of it as a running total in case I need to spend it in one of my budget categories later in the year. I had that much left over because I have two budget reckoning days! The first was part way through January and relates to actual bank balances - I knew I hadn't saved enough for Christmas (household disruption in Jan- Feb 2024 meant I couldn't start my Christmas Savings door chart), so I was trying to spend as little as possible during the first week of January so my bank balance didn't look too bad. Then I have another reckoning at the end of the month based on your planner , and that is my written account of what I've spent. So I tried to spend very little the last week of the month as well, partly to put something in the Christmas 2025 fund but also as practice for when some of my direct debits go up in April. I've had some interesting meals to use up what's in...some I won't be making again! And I suppose eventually I'll run out of food-to-be-used-up.
You’re doing great! 😍
Great job. My first two weeks were terrible. Since payday on week three I’ve been a lot better and cancelled some stuff I was spending on. My electric/gas bill even went down!!!!😮
Also keep the numbers as they are.
But, you’ve realised that and have made steps to change - amazing 😍
Well done, I would keep the numbers the same this month and keep the money you have left in an emergency fund or split between your sinking funds.
I did 18 no spends and 13 spend days foe January. And i add $1 to my tin for each no spend day to make it count.
Amazing! 😍
My February is turning into a no spend, good luck with the year!
You too!
Leave yourself the wiggle room keeping the higher amounts. It will give you a nice mental boost every time you can beat it and move that money somewhere else and remove stress on months when you can't help but spend it. I think it gamifies it a bit which helps to stick to it overall. Constantly feeling like its a struggle will make you feel terrible.
That’s very true ☺️
Stick to your numbers, like you said you have cleared out the freezer! Well done🎉
That’s true! And thank you ☺️
I would keep budget the same. The left overs into savings each month. Just remembered Feb is short month going into a longer, 5 week! month.
That’s a good point about varying weeks. That also makes a difference!
Well done Nicola 👏👏
Thank you!
Using up cupboard stock to try to save, but many items were out of date. Must learn to rotate things better, use them to save money
Could you maybe write what you’ve got down?
Well done, Nicola 👏
Thank you!
I think your food budget should remain the same. If you have extra maybe you could save it in another envelope. Look at what’s in there every 6 months and decide then what to do with it. If you owe on a credit card you should show the repayment in its own category. I don’t think you should disclose the amount owed though. Also if you do have extra save it for your hardest months. Just my thoughts. I think you should do whatever works for Nicola❤
Thankfully, my credit card is £0 at the moment 💜
Any extra money per month I would stock up on cat needs and groceries, so your building a small stockpile as you go from month to month 😁🌻
That’s a good idea actually ☺️
I would re-evaluate after March. If you're consistently under in the same category then reduce it slightly.
Good idea ☺️
I do it the same way as you Nicola. My 'no spend days', only relate to non budgeted items. Like you, I managed 25 no spend days and even the 'spend days' were all less than £10.
Amazing 😍
Well done
Thank you ☺️
I would keep the numbers the same and evaluate after a year maybe as there may be lots of fluctuations with how much you need
Good idea ☺️
Most of January was a NSD for me as I was unwell for most of it , made up for it on 1st feb which was like celebrating new year for me 😂 but still managed to save a load , will probably be spent on car and dental in feb/march but at least I have it
Glad you’re feeling better 💜
Well done: I find I prefer a bit of flexibility as I plan a new budget each month.
Thank you ☺️
I would leave it and put the remaining into sinking funds or savings challenges - then it incentivises you to spend less so you can save more, but its there if you need it.
True ☺️
MOT and Road Tax for me - enough said 😬
Yes 😬
I would look very carefully at where that 'leftover' money went. If you've underspent then you should have that money left. If it isn't in your account I would look carefully at where that money has gone, has it gone in things which need to be added to your budget? Or, has it gone on fluff, that stuff where it has gone and you don't know where. You've done well to come in so low on food but that might mean you need more next month. I wouldn't touch your figures for now. Maybe review after three months xx
I know where it’s gone; not on fluff, that’s for sure! I’ll keep an eye on the food budget ☺️
@NicolaatTheFrugalCottage that's great, I wasn't judging, I just know how sometimes I can come in under budget but then the money isn't actually there and I have to back track and figure out where it's gone 😂 food is a focus for me this month, hoping to use up store cupboard and freezer, looking forward to some combination dinners x
Good luck with your challenge! ☺️
Hi 👋 Another 1 here that eats strange food combinations to use up odds and ends 😂....also still having coffee but finally used all my gift cards up 😮....😊 Keep going you are doing fab 👌 x
Well done!! 👌🏻
Thank you!