Crushing The No Spend Challenge: 10 Top Tips
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- čas přidán 27. 12. 2023
- Jump into my new video and discover how to save money and take control of your spending habits with the No-Spend Challenge! I'll show you easy ways to figure out what you really need to buy and what you can skip. Learn how to track your progress, celebrate small wins, and stick to your plan.
Find out why it's important to set clear money goals and how to plan your meals and shopping to save cash.
This video is packed with tips to make the No-Spend Challenge a breeze, helping you navigate unexpected situations and reach your money goals. Join me, save some dough, and get in control of your money!
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I’m so very happy to have you here. We are all about saving money at Frozen Pennies. Whether you have a goal like debt freedom, purchasing a home, retiring, or just making ends meet, we are all about making that happen. Here you’ll find tips on saving money on groceries, ways to tweak your budget, and living an overall frugal life (all while having more fun)! Thank you for supporting my channel.
About Sara:
Sara is a wife, mother, and creator of Frozen Pennies. With a degree in English, a former teacher, and a Certified Financial Coach, there is no better place to learn about debt freedom, budgeting, and overall frugal living.
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DISCLAIMERS:
- Links included in this description might be affiliate links. I may receive a small commission if you purchase a product or service with the links I provide at no additional charge to you.
- Information on this channel (Sara Conklin, Frozen Pennies) only represents my thoughts and opinions. I am not a medical doctor, medical professional, or financial advisor. However, I am a certified financial coach. All content on this channel is intended for entertainment, informational & inspirational purposes only. Don't hesitate to contact a professional with any questions. This video and all videos on this channel are a means of social support.
Thank you for this video! I am planning on doing "no spend" beyond January even. I feel so overstocked at home. Like the old saying, "use it up, wear it out, make do, or do without"
That is my mother’s favorite saying!
Greetings from Costa Rica. I feel also overstocked and need to declutter asap. 😟
I play games with myself. Ill go on Amazon and go shopping for things i would like. Then i put them in my cart. Then i go back in my cart the next day and decide its too much money--then ill put half of the things in a save for later. The next day ill go nack and look at my cart and see that most pf it isnt necessary, so i put that in save for later.. the whole process takes about a week, but i end up deleting everything!! The funny part is i still felt like i went shopping! Lol!
I'm only spending on food, housing, utilities, medications/doctor/dentist. We will be celebrating our daughter's birthday in March but, other than that, tightening up the finances to get out of debt.
I’m grateful when I have a “no spend” day. ☺️
I’m doing a no/low spend in January.. I’m self employed & business was unfortunately slow in December. So we have a very tight budget for the month ahead.. I’m up for it & hoping it’s an uneventful month so we come in under budget! 🤞🏻
It is calming because you are completely in control!!!
I had a no spend December !! 💗💗💗
Me too and I'm doing one in January
Wow congrats! How much did u actually save by end of December?
I do no spend all the time.I like it. Don't buy paper towels any more cause I found a ton of white washcloths so I use them and wash them.Saved a ton.
I really like that outlook to not letting it be a punishment. I was seeing it that way because my spending has gotten out of control. This is a great video I'm going to watch it a few times to let it sink in.
My husband and I are doing the no spend January and it’s been successful. I have done #5 to reflect and adjust. I have journaled our purchases and that has felt good. To actually go into a store and buy exactly what is on my shopping list. The other thing that has helped is shopping one day a week. We also have been eating leftovers and going through our freezer to plan meals around meat I already have.
Thank you! I'm doing a no spend month of January. I got paid today for January and already planned my essentials and my envelopes. 😊🤗🤗🤗
I'm not buying clothes, books, jewelry, appliances. I'll buy groceries, personal care, cat food and litter. All year. Oh, I do bake my own bread
You are a treasure, for sure. I can't do it this January but I'm hoping to do it next year. I like your idea: 'What can I donate? ' That made me set a goal of donating one box each month of the coming year of good quality items. A year-long slow purge. Thanks for the inspiration. 😃
You can consider one week a month or quarter if you can’t do an entire month. It’s very doable and even fun to challenge yourself. Godspeed!
@@angielay3313 That's true! And a great idea. I'll have to give it some thought. Thanks!
I got so much reduced meat this week - 3kg of fresh large chicken breasts for £7, 1.5 kg of 5% lean grass fed beef mince for £3.50 (got on boxing day) and put straight in freezer. Do not need to buy meat in January.
Great tips and ideas! Thanks for sharing. I am doing a no-spend January and then low-spend for the rest of the year (possibly another no-spend month during the summer). In January I will be doing shelf-cooking (cause my freezer is packed!). No new clothes in 2024 and 30-Day waiting period on all non-essential items plus paying cash for any items I follow through on purchasing after the 30 days. This past year, I did a daily budget check-in and will continue that this year (it was eye-opening to say the least) and lastly, no credit card purchases in 2024.
Before I even came across your channel I set a grocery budget for the year and plan to use only cash when grocery shopping. I’m single and it’s so easy to use a card and lose track of spending. Thanks for the advice.
Just found out my grandson is running track this spring and is beginning conditioning now. So I bought running outfits and shoes for him…after spending a ton on everyone at Christmas. Boy do I need to listen to you!
I just went through my email and clicked unsubscribe on nearly every retail website.
I do this every winter right after Christmas
All ready working my plan use up left overs stuff in freezer too. Set a certain amt for grocerys weekly came in 27.00 under.
Thank you. We had decided to do a no spend challenge for January as well and your tips will definitely help.
Hi Sara, you are so cute and wise! Made my day! I felt very supported watching 4-5 of your videos today, when I had given me a day to slack after an intense holiday season! But I'm not going to spend any money for New Years - just making do with what is there already. I love that! Thanks for inspiration to budget with pen and paper in the simplest way - to think of spreadsheets is a huge threshold for me. All the best! 🙂
I’m doing a pantry challenge.. I found baby back ribs today that had to be marked wrong $.89 a pound a full rack.. for less then $4 I grabbed 2.and I have a half a ham from Christmas and the ham was less then $8..,there are deals out here.. I did my inventory today and was surprised .. I probably have a month or longer of food.. friends here is a tip.. sit down and write a list of every food item in your home..as you use stuff you will know what’s running low ..,I have a list I keep on my phone and have for the last year.. so it’s always with me.. as things run out or run low I know exactly what I need to grab.. I budget 300.00 a month.. doing so I may not need but $200
Now I can tell you now I probably have enough meat for the month of January and maybe some of February because I’m starting with those scraps I froze and I’m going to make a pot of whatever in this bag soup.. and portion and freeze.. so that will generate several servings just from scraps
@@princessbabibear4794 a lot of food bits are wasted and this can easily be made into homemade soup and froze in portions
@@princessbabibear4794you are so smart. If I was going to do it over again, I would definitely use the insta pot and cook then freeze beans in meal size portions. There are so many fantastic recipes that use beans. We ate beans but not as much as we could have. It would have saved a lot of money and been nutritious.
I put leftovers in a bag in my freezer labeled leftovers for soup. I put the leftovers here when it’s not enough for another meal instead of throwing it away (10 green beans, 1/4 cup peas, etc). When it gets full I make soup and add whatever meat I choose. It’s always delicious
Great video! I need to watch it again!!!
Yay!!! I already set this up for my January 2024 budget!!!! Thank you for the tips.
I inventoried fridge, freezer and pantry last weekend. I came up with 15+ recipes which will yield about 60 servings with just buying some perishable items like you spoke about.
Great ideas! Thanks so much.
I love all your excellent tips! Thank you!
I printed off your budget sheets and made me a book. It's so nice. Thank you for sharing them for free.❤ Most I saw where so expensive. 😊
I’m so happy to hear this. Knowing that others are budgeting makes my heart happy!!
Excellent, thank you!
Thanks for the No Spend Jan. idea. I need to try it.
I am planning a no-spend 2024.
I intend to spend on essentials only for the year (with a couple of planned & budgeted exceptions).
Thankfully we don't normally eat out, so that is not a challenge. My weakness is my puppies! They have enough treats and toys to last for months!!!
We will be eating through what is in our freezer for the month of January. Only fresh produce is on the list for shopping this next month.
We don't have a pantry and we don't eat processed or packaged foods due to allergies. We eat fresh or frozen single ingredient foods only & cook all meals at home (pack lunches). So it is a bit challenging in winter to keep the grocery budget in check. However meal planning is pretty basic.
This was great! Thank you!
These are great ❤
I’m doing a no buy year. I am a couponer and I have a lot of everything. I will only buy things I need. I’m curious to see how this goes.
Doing a no spend Jan for the second year. Have spent a few dollars on some snacks when I picked up milk. So now I'll be more thoughtful with grocery purchases. Otherwise I've found alternate way to get access to things I want like finding an audiobook on CZcams instead of buying on Audible.
Great tips, thank you!
I am beginning a different budget system, looking to how to deal with and save for things that fluctuate and things that are only a few times per year. I was already considering cash for specific parts, and I think speaking no- spend January out loud is a good idea. My husband and I can nickel and dime, or $1 and $5 for inflation, ourselves to budget failure. We have some unique challenges this year, so this will definitely help.
Thanks. Great guide at the begging of this new year.
My first thought when I starting watching this episode was, “boy, I’m glad I did my shopping/spending this morning beforehand”…😂 my income has been up/down for last couple years so my bills (utilities) are paid months in advance, I pressure can regularly and put back a little when I do grocery shop (around every 4-6 weeks). I got an old debt owed to me paid so that was bonus. (I had mentally written off ever getting it back)so today I stocked up on dog food, treats, some personal care items I’ve been wanting (I keep a running list of needs and wants to refer to for prioritizing what items would be purchased). Clearly this isn’t your recommended method but it’s been working for me for this time and now it’ll be another 4-6 weeks before any shopping/buying is done (guess I’m in the bandwagon afterall! 😉)
I am going to do a no spend too for Jan :)
Thank you so much. I was wondering what you use to record your videos.
I just recently found your channel and love it. Do you have any videos on credit card debt or tips?
I’m going to challenge myself in Jan.
Great insight...
6100 views in the first 20 hours! Good job, girlfriend! Happy New Year!
i am buying resin molds from my sister then after that purchase im done spending i have enough stuff to concentrate on just doing now doing the crafts up that i have sitting here already and using up all the things i already have instead of buying more i have plenty as i make some of my money back i also am not buying household products or food items till everything i already have is gone we just have such an abundance i just would rather use it up than throw it or or donate stuff that i spent a bunch of money on no clothes no shoes or purses nothing after the molds
also this year i have a planner with places to track everything and im going to every meal every craft made and sold every penny in and out right down to every item i buys price i want to know exactly what we use how much what all i use in crafting what i sold what was a waste of money what i needed lots more of down to my toilet paper usage i want to know where my money goes where its best spent where i can save where im bleeding it i want to know
I'm going to try as long as I possibly can. I just need help with arranging food from the oldest to the newest that might be my only spend
Mystery meat!😂❤
I am frugal most of the time. However I do not do a no spend January. I pick other months. January is often A time where I can get many things at a greatly reduced price. If they are items that I actually need, Intry to take advantage of the sales.
My rule for January is even more simple: Only spend money for the bus ticket and at Aldi for food. Nowhere else. My bills for taxes, phone, energy, insurances,... are automatically withdrawn from my bank account.
Toaster glass door shattered right before holiday, flat truck tire today will need a new tire due to dry rot. Lets get all the emergencies out of the way so i am able to really sock it away in Jan! Year of the Dragon lets start it off right!
Will reduce down to one takeaway coffee one ball of wool on lotto ticket per week not buying clothes trying to use cash only system
❤
Sales periode are hard during no spend month. It's all about "needs" not wants.
Like It ❗❗❗
I announced to family members decades ago "no more Christmas presents" and the following year they did the same. Be sensible regarding consummerism. Save money first then ask yourself if you critically require to buy something. You might not like to take the money back out of your account.
My sister in law and I decided the same years ago. We just give to the children. All we were doing is swapping gift cards!
👍👍👍
It’s weird how we fool ourselves. Got a new diary for 2024, essential for organisation and planning but then almost purchased some new matching washi tape. NOT essential! Stopped myself just in time. I have loads of pretty craft items I can use.
Good job stopping yourself ✨️
No spend for .E to
Essential are rent gass electricity water food medicine.
What do you think of house insurance?
I think its a must. Along with car insurance and health insurance. If anything would happen to your home, would you be able to afford to rebuild or buy a new home? Its simply the insurance of having a place to live. In the grand scheme of things, its worth the small fee every month.
Insurance with my home after mother nature disaster on the fence section and other areas of house has been nightmare.
Like your videos especially on Amish.
At the present cutting out distraction tv streaming.
Like reading and playing upright acoustic piano.
With no power for 4 days it’s been great to play it.
Digital piano I am glad I didn’t buy it as it was same price as my preloved piano. 4,800.
I don't use deodorant no shampoo conditioner sorry I use a good barvof soap wash clothes only when smell dirty I meal prep
Well. One “bad” habit I consider essential. It’s better than becoming a psycho without it. 😂😂 (But even with that I go cheap considering the average going price). Or maybe 2 things, the other being cheap, limited cola. Lol. I think about it tho. I prob spend less overall than those who don’t have said “bad” habit. Lol. And that’s what it’s all about I reckon. Picking priorities. You simply can’t have everything you want all the time if you don’t want to wind up living hand to mouth. Sacrifices have to be made so the choice is what is to be sacrificed and when or for how long?
Lol. Hmmm. Basic hygiene. Cat food. Basic meals (mostly at home). Coffee needs. (Daily, at home…not a lot of fancy lattes out lol). And for me pet cleaning needs and litter box supplies etc.
I think I’m doing ok tho as my goal is to become the most savvy procurer of all things. I think I hit my mark most times…about 90%. My only splurges this month were prob pizza parlor one night and that one full price candy bar I bought. Lol.
Why select January for your “no spend month.” ? January many items are on sale. I take advantage of that. I usually only buy things that I need, not want. I comparison price shop all of the time. I rarely buy expensive foods. They are not necessary. I love books. I often buy them used.. there are many ways to save money that are more effective than a no spend month. Consistent thrifting seems more important to American.
Why did you leave that piece of cloth behind the shoe racks???
Since Christmas my stomach turns at the sight and smell of meat except Devon beef sausages since I got this virus
Stock up in February and don't spend in January😂😂
Applebee's is terrible anyways 😆