Comments on: “No-Spend Days:” How Many of Them Can You Fit In A Month?

By: MoneyEnergy

MoneyEnergy — Sat, 20 Jun 2009 20:15:42 +0000

@Jess – that’s a good way to think of it! Each dollar you save today can be used later on to save you some work.

@Laura – congrats on cutting back. I just finished another 2 “no spend days” at home here. I find it’s happening easily now, but only after I’ve gone out to buy the groceries, etc. – then it’s easy to stay at home, since you have everything you need for cooking, etc. After 2 days, though, I get cabin fever and need to leave the apartment. And once you do that…

By: Jess

Jess — Sat, 20 Jun 2009 12:50:25 +0000

@ Studenonomist: I think of every day I spend nothing, despite the fact that, living at home, I can, as another day I can live out of home when I finally find an apartment. Every $20 book is a week of groceries that I can continue to support myself on, etc.
(I’m cheating on the groceries, I work in a kitchen).
Direct motivation is a major key for that kind of discipline!

By: Jack

Jack — Tue, 09 Jun 2009 11:21:19 +0000

I think that the “more weight we lose, the more wealth we seem to build” is not about “I eat less so I save money” but more about the discipline and willpower you build while effectively losing weight.

By: Laura @ no more spending

Laura @ no more spending — Sun, 07 Jun 2009 11:52:19 +0000

I don’t count grocery items as spending really (as long as I stick to my budget) I have to feed the family ;) but I do limit grovery shopping to once a week and when it’s gone it’s gone

I can go for days on end without spending any other money, it’s become the norm for me now, opposed to previously when I used to spend, spend, spend.

By: MoneyEnergy

MoneyEnergy — Wed, 03 Jun 2009 23:36:06 +0000

@Studenomist – if you can handle living at home while in college and not go crazy:), then more power to you! You will definitely save a ton of cash (assuming you don’t overspend on partying, drinks, etc.)

@Matt – Yeah, with children I wonder if it would be more difficult or not. Perhaps not, if you have everything ready to go for meals, etc. in advance. Or if you go camping, etc. it’s possible not to spend any money on some days. It might be worth trying a day of a fast, where you just drink water. It can really help to clean out your system. It is difficult, though!

By: Matt @ My Financial Recovery

Matt @ My Financial Recovery — Wed, 03 Jun 2009 20:27:05 +0000

I have occasional no spend days but they generally end up being no spend days on accident. I have also noticed that they happen more often when the kids are not at home – probably because I will be more likely to scavenge something for dinner.

I do not really ever go a day without eating but I do enjoy the days that I go without having to spend on miscellaneous stuff! I have also taken to walking or biking to work as well – never hurts to save a little gas…

By: Studenomist

Studenomist — Wed, 03 Jun 2009 04:39:40 +0000

Hey, thanks so much for stopping by Studenomics! I love the idea of a no spend day as long as you don’t pull the classic “over spend the next day” strategy. When you are a college student that lives at home this is probably the best strategy for saving money. Think about it, as long as you can find a way to eat all of your meals at home you won’t have to spend money. Minus a few useless daily purchases and you can easily pull off the no spend day. Good luck all!

By: Will Luxing

Will Luxing — Wed, 03 Jun 2009 03:08:31 +0000

What a great idea. I’ve never thought of doing so, but now that you mention it, I need to try it. A lot of times I will buy a snack just because I’m craving it. Rather than do that I’ll just not spend and keep the cash for when I do need it.

By: Steve

Steve — Wed, 03 Jun 2009 02:35:05 +0000

Wow, great encouragement. This is a discipline that hits me square between the eyes. It’s great to look at this as a financial fast as well as doing the food fast. Then you can tithe a portion of what you save during that day.

By: Manshu

Manshu — Tue, 02 Jun 2009 18:09:30 +0000

I have plenty of no spend days but I never had a day where I didn’t eat anything.