We agreed at the beginning of the month that we would try to spend as little money as possible this month. After December's excess, we figured it would be somewhat easy to try to save some money (especially because we were able to pay cash for all of our Christmas spending - a first for us!).
Our plan was simply to delay anything we didn't really need as well as we could. Here's how it turned out:
What we did spend money on (above and beyond mortgage, food, gas, utilities):- $90 for two prescriptions when the girls had pinkeye. Yes, we have insurance. The first prescription of the year for each person is outrageous. We also spent another $8 for Audrey's antibiotic for strep at the end of the month.
- a new battery for my car. If the Toyota dealer had done its job in December and checked the battery, this expense would have taken place earlier. We got jumped by AAA (free) and John went to Autozone and installed the battery himself (free).
- $10 in bingo prizes. We had a family get-together in January and I didn't have enough stuff in my stash so I took the girls to the Dollar Tree to get some more.
- $3 in bath scrubbies. I had tried disinfecting the girls' bath sponges after the pinkeye incident but boiling left them stiff and un-absorbent. I got one for me too.
- $4 for a blank journal as a blog prize. I used a coupon at Michael's.
- a birthday present for a friend of Audrey's. I usually let the girls pick the presents they give instead of keeping a stash.
- more fruits and vegetables. We also had a plan to try to eat five a day. I have no problem spending money on healthy food, although I still try to use sales and coupons as part of my buying strategy. I did find myself making extra trips to the grocery store to replenish midweek.
- $150 for HVAC service. We had a cold snap in the middle of the month and I noticed the temperature was not rising above 64 degrees one day. I called for service and the guy changed our completely filthy air filter. Within minutes the house got warmer. The guy did some other maintenance things and I had him bill me for a full year, which means we'll get another visit in the spring to prep the AC for the summer. I should have done this in the fall.
- pizza for Pizza Night with friends. We take turns hosting with two other families and it was our turn. I briefly considered homemade pizza, but decided I didn't have the time to do it. I also had lunch out with friends a few times. I consider these more than just meals; it's socializing with people that we are very close to and I'm not willing to give that up. On the other hand, we were invited over to friends' houses a few times and I was able to pull out some of my stockpiled brownie mix to make. $0 spent on that.
- $20 co-pay each for my mammogram and Audrey's strep visit and $30 for John's allergist appointment. Gotta pay for healthcare.
- $60 for the kids' artwork. Okay, I know they can stay at home and draw/paint, but the school had an art fair and for a mere $30ish each I could buy a framed original of my child's art. I tend to do most fundraising stuff, because it's such a good school and I don't have to pay tuition. And the frames are great -- very easy to switch out artwork.
- $18 for a dozen cupcakes. I finally got to Muddy's Bakeshop and I bought four cupcakes for Margret's teacher's birthday, four for my friend's birthday and four for us. And they were fabulous.
- a bigger chunk of money to our one remaining credit card. It was a pleasant surprise to realize in the middle of the month that we had more money than we expected.
- a handmade gift for a friend expecting a baby. Beautifully done and well worth it.
- I continued to have a few business expenses and paid for those, but I tried to keep them to an absolute minimum (new business cards through Vistaprint was an inexpensive solution). One splurge was to get four canvas prints to hang in my office. They were on sale and I had a coupon code. Can't wait to see them up.
- postage. I had to mail some Paperback Swap books, and a few other things. I use the media mail rate for the books whenever I can.
What we did not spend money on:- pinkeye prescription for me. Based on the advice of an eye doc friend, I let mine go for a day or two and it cleared on its own. If it hadn't, I would have gotten the medicine.
- dinner out on Saturdays. Normally we go out every Saturday night as a family. This month, we picked one place where kids eat free and another time, we picked up food and brought it to our house. We also drink water instead of soft drinks when we are out. After we hosted pizza night on a Friday, we stayed home that Saturday and had soup and grilled cheese. It was great. And as I mentioned above, we were invited over to friends' a few times and didn't spend anything on that.
- not as much Diet Coke. John and I love the stuff. I worked on cutting down to just two a day, and drinking water with lemon the rest of the day. It was an easy switch.
- fitness. I don't think we would have followed the trend to sign up for a gym membership in January anyway, but having WiiFit at home is the best fitness option for us. We can do yoga, aerobics, strength training and balance games in the privacy of our den. In pajamas. At 9p, if we wish. The activities are fun, short and perfect for competitive people who like to try to beat their family members' scores. Santa brought us plenty of Wii games and we did not purchase any more during the month.
- going to Starbucks for more salted caramel hot chocolate. Not that I did this much in December, or ever. But I certainly thought about it.
- every random thing the girls asked for. We reminded them that we were cutting back this month and they generally respected that.
- someone to do our yard work. We get the occasional knock on the door from someone who has noticed we are the only people on the block who have not raked. It would certainly be easier, but we just waited until a nice Saturday and went out to do it ourselves. Okay, John did this with the girls. I went grocery shopping.
- one gift for a friend was found in the prize closet. We received a duplicate game and it seemed perfect to pass on in this instance.
- movies. We rarely go out anyway, and we have a Netflix account (one movie at a time, unlimited for the month). With my new Mac, I can watch select Netflix movies at my desk. I've spent a lot of time reorganizing/cleaning my office and have watched several for free. I also signed up for Redbox. I get a code sent to my cell phone every Monday and I can get a free movie rental (I go to the Redbox at a nearby Walgreen's). In fact, I can get a free movie for every debit/credit card I have. And I have until 9p Tuesday to return them.
- fewer satellite tv channels. We took a look at our package and went down to the next lowest priced one. We still have the channels we watch, but have shaved a few dollars off the monthly bill.
- books. I'm still using (and loving) Paperback Swap. When I cleaned the girls' bookshelf, I found a few duplicates and listed them. In a matter of days they were all taken and I have more points for books for me. And those will be completely free. Margret read all of the books she got for Christmas, so I took her to the library to pick up a few more. We go to the Library every week in the summer. I think we may need to start going more now to keep feeding her reading habit. I also have some generous friends who have loaned me books (which I am quick to read and return).
- a budgeting tool. John found mint.com, a site where you can link your financial accounts and watch your spending. You can also set up a budget. We have our accounts linked and have started working on a rough budget. I think it's the next step in working on our spending.
- any magazine subscriptions that came due. I had one 'spensive scrapbooking publication that I decided not to renew. It's a good magazine, but I can live without it for now.
- snow day entertainment. We received a gift that I hadn't given the girls yet. When they were home for a snow day, I busted it out and it provided some playtime fun.
- organization tools. January is a prime time for "organizational solution" sales. I spent about two weeks rearranging/reorganizing my office and I didn't spend a dime on it. And I love my new space.
- at least a hundred other things that popped into my head during the month. It's amazing how often that "buy me" feeling comes over me. I usually resist, but not always. This month I had to constantly remind myself that I didn't need to pick up stuff at the Target Dollar Spot or grab more marked down Christmas stuff. I deleted sales emails and tossed most of the Sunday flyers. I admit that it was tough, with the after-holiday sales.
On the 31st, I stopped at Target to pick up some free 3D glasses for Superbowl viewing. The instant I walked in I was overwhelmed with the "
I must buy something" feeling. Margret and I walked around, looking at various things but we left with just the free glasses. Whew.
Overall, I will call this experiment a success. It was a way to halt the spending spree that comes during the holidays and appreciate what we have. And it was a way of getting out the
habit of buying whatever pops into our minds. I don't feel deprived at all. We had lots of fun together as a family, had plenty of food to eat and company to enjoy. We struck a good balance of activity and rest. Admittedly, we did defer some purchases to February, but I hope we continue to carefully consider how we spend our money. If you have any money-saving tips, feel free to leave them in the comments.