In November, some pals and I were chatting about budgeting and such. We decided to do a low-spend/no-spend challenge in January. Honestly, we all had unrealistic expectations of what things would cost in 2024.
I thought $50 was about right for the month’s groceries. (Pardon me. I seem to have fallen out of my chair, laughing at myself.)
Most of us had budget-crushers we could see coming in 2024: increases in rent, winter heating costs, and price-adjustments in services and insurance. It was almost fun to pool our brainpower and come up with budget-reduction plans (or schemes, as our British pal says).
By keeping a tight watch on our purse-strings, we all managed to put aside a little savings for the month. (Very little in my case; I had to pay for a tire repair.)
Here’s a list of some money-savers we tried:
- Cancelling services (physical and digital)
- Replacing all paid programming with a free streaming services
- Eating and drinking only what we brought from home
- Menu-planning from what we had in our pantry
- Not replacing anything during the month (This was hard for me at first. My old Stanley vacuum bottle, carrier of my daily coffee, was irreparably broken.)
- Buying only manager’s specials or “mystery” food (The latter is a UK thing; one uses an app to buy discounted Surprise Bags of surplus food from local shops and restaurants.)