This will be my fourth year for having the No Spend January Challenge. Why January? To me this is the perfect month to not spend any money, the weather outside is usually frightful, Christmas is over, and we need to save some money for projects or travel in the coming months.
It's important for us to have a purpose for the money we save or we lose motivation to keep us going throughout the month. So what are our plans for the money we save this year? Well, we need some remodeling in our bedroom and this will help us get started. Things that are needed are: new drywall, paint, and carpet. Yes, this is just exactly what I said last year but we ended up in Florida! It was a lovely trip to visit with my sister in law. We did remodel the bathroom a little too! Previous years it has helped fund my trip to Hawaii to visit my sister and also help someone in need.
I'm going to put our money to spend this month in envelopes. This will help us if we need to spend more on groceries for that week. Of course this means that potentially an envelope could run empty. On the other hand, we could also switch money from one envelope to another!
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