Assigning one day a week as a no-spend day may wake you up to all the ways money disappears, while shoring up your bank account.
A day of no-spending? Could we do that once a week?
I think it would take a ton of planning on our parts. Even thought we have cut WAY back in the last few years, we still get a little willy-nilly with our lifestyle. Not in the spending thousands of dollars way, but in the “I made a plan for dinner tonight and we bought the groceries, but now it is hot and can’t we just got get $1 tacos instead” kind of way.
So maybe we should try this…
Another thought that popped from the article is the concept of a Curveball account. While my husband and I have some savings accounts that are for when we overspend or for a special event that is coming up (like our vacation next week – squeeeeeee!), I haven’t thought of an account like this where the spending is more intentional for things that don’t quite fit in the emergency category. I think I need to convert our “Regular Savings” account into this and start taking money out of it when we don’t stay in budget because a special thing (for which we weren’t able to plan) comes up. I think that would keep us a little more honest.
And, I think that we could be more intentional about how we save. Right now, I have a certain amount of money come out of our paychecks, but what if we tried something like this:
So the next time you save 50¢ on a coupon, go home and drop that 50¢ into a I’m-a-smart-shopper Jar and then deposit all those savings to your Curveball Account at the end of the month.
How cool would that be?
Thanks to Gail for the great article!