In order to achieve my scary goal of putting $10,000 towards my mortgage, I have to save at least $1,211 in November. My husband decided to join me on this effort after much convincing. In order to be successful in reaching this goal, I have come up with a set of guidelines to help us save money.
No Spend November Rules
- Create a zero-based budget – learn more here. I’ll share my budget in an upcoming post.
- Use envelope system with cash only – I’ve created 7 envelops and stuffed them with cash for categories we overspend on: food, eating out, kids and charity. I also gave my husband and myself an allowance of spending money.
- Create a weekly meal plan and grocery shop weekly – I have typically did two week meal plans, but I was overspend. I am going to try weekly and see if I have more success.
- Eat leftovers and try for a zero wasted food – This is always a goal, but I am going to try to be especially vigilant this month
- Spending fast: buy only needs – And no, Starbucks is not a need. 🙂
- Use coupons/discounted gift cards – I am going to try using Raise and other sites to buy discounted cards to places I grocery shop at
- Buy used or second hand – If I *have* to buy get something.
- Goal: 15 no spending days – Since I didn’t accomplish this last month, I am trying again.
- Get invited somewhere for Thanksgiving – I am half joking about this one, but it would be cheaper to just bring a side and not have create an entire meal.
So that’s it. My eight (or nine) rules for the month of November. What are your goals for November?