Welcome to Day 23 of Where’s My Money Going? Month! This February 2009, I’m challenging readers (and myself) to track spending manually for 28 days. Don’t worry if you’re late to the party, you’re still welcome to join. Consider tracking your spending into March.
This isn’t the first month I’ve had no-spend days, or even no-spend days in a row. But normally I don’t notice, they just pass me by. Now, around 9pm, I’m at the computer asking Micah “Did you spend anything today?” (though normally he leaves the receipts in one place)
Because I’m paying attention, I’ve noticed how often the answer is “nope.” I’ve also noticed how often I haven’t spent anything either. Several days ago, there was a great conversation on this post about no-spend days and how they limit impulse purchases. Diane compared spending after a no-spend day to “breaking the spell.”
I agree, at least on purchases I hadn’t been planning. Weekly groceries don’t break the spell for me, but the thought that today could be a no-spend day if I held back on an impulse item. I suppose that’s because no-spend days are fun when you’re trying to save your money, they’re good for the self-esteem. They make you feel like “Yes, I am succeeding at my goals!”
If one of your goals is to cut down on spending, spend more carefully, or something similar, then I suggest you take a quick scan over whatever you’ve been using for a spending log this month. How many no-spend days do you see? I’ve had 8 so far.
This post was part of Where’s My Money Going? Month.