Who has heard of Ruth Soukup’s money saving challenge called “31 Days of Living Well & Spending Zero” challenge?
If you want to jump start your savings and/or your budget then you will want to sign up for this savings challenge! Leave a comment below if you are joining and we can help each other make it the entire 31 days!
You can go to Living Well Spending Less to get entire details and actually sign up. But let me tell you in a nutshell, what this savings challenge is all about.
You probably can tell by the title of the challenge that the goal is to adjust your spending habits for 31 days to spend ZERO dollars! Did you stop breathing? Don’t worry! You can do it! Let’s do it together!
Yes. The challenge is to spend as close to zero dollars as you can for an entire 31 days but there are a few exceptions to this rule. Things like produce and milk are things that can’t be stored very easily and can be purchased throughout this challenge.
My plan is to allow only $10 a week for produce and an additional $10 for other groceries like milk and meat. That means we are going to be bringing our monthly grocery spending from around $500-$600 all the way down to about $80!
When thinking about this challenge I do have a moment of panic but is quickly overshadowed by my excitement for all the money we are going to save!
What you get with this FREE savings challenge:
• Ideas on how to get your kitchen on budget, including tips on meal planning
• Help in cleaning and organizing your home
• Tips for getting creative on how to “make, do, learn, and create” all for free
• Last but certainly not least, ideas on how to earn a little extra money
Let’s sign up together!
To get all the details and to sign up, make sure to go over to livingwellspendingless.com! Let me make it clear that I am in no way being endorsed from this website to write this article.
I am just seriously excited about this challenge and want all of you, my friends, to do it with me! I have already signed up and now it’s your turn!
Now, why would anyone want to do this? I can tell you why I am doing this.
1. Reset our spending habits
There are many things in life that can side track our spending and distract us from our budgets. Most recently for our family, having a baby has done exactly that. Being exhausted for 9 months and then to have a newborn and to move past exhaustion to extreme exhaustion tends to result in convenience shopping. Not good! We need to get back on track and a spending freeze is just the thing we need to jump start our budget.
2. Build our savings
If we aren’t spending a big chunk of our income, we are going to have a nice chunk of change just hanging out. After doing a quick glimpse on Mint.com of where we have been spending our money, I’m estimating that we will be able to save around $500-$700 throughout this challenge! Our family’s plan is to put most of it into savings but to also use a bit of it for our Christmas/gifts budget this year.
Depending on your own family’s spending habits Ruth suggests that a lot of families could save over $1,000 in just a single month with this challenge! What would you do with an extra $1,000 in your pocket? (Figuratively of coarse! You should never walk around with that kind of cash! Are you crazy?)
3. Change our family’s mindset on money
We all know there is a difference between wants and needs. But actually following a budget and focusing more on the needs and not so much on the wants takes a lot of self-control. Especially if you haven’t been restraining yourself.
This is what we need to fix in our family! We need to stop spending so much money on our wants and start saving more money for our needs. Like buying a house!
At Living Well Spending Less they explain how to “freeze your spending” and how it will “change your life”! I think through doing this 31 Day Living Well Spending Zero Challenge we will be able to accomplish all three of these goals!
YOU can do it too! Make sure to check out the challenge for yourself at Living Well Spending Zero Challenge and then sign up!
So what are you waiting for? Let’s do this together! Go sign up!
If you like this article you will love these:
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- How to Start a Budget – Free Budgeting Template
- FREE Meal Planner and How it Will Save You Money
- How to Budget and Be Happy
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