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Progress report on our austerity month

January 16th, 2013 at 06:45 am

We are more than half way through our "austerity" month and have already decided to do it for February as well. We have cut back on spending so much that I bet my paid in full card thinks I replaced them with somebody else.

My original goal was under $1000 on the card but we are now shooting for under $600 since the $1000 is guaranteed. We also expanded the original austerity to include cutting the cash allowance in half for the last 2 weeks of the month.

Part of the reason we are doing this is because work got crazy for awhile and made me realize I really wanted to have a large cash savings now and also partly because we have a couple of goals in sight that we want to complete at the earliest possible second.

Part of the reason we have been so uber successful at it is that we appear to have broken our out to eat habit. Our first thought for supper now is to go home and make something, not list all the restaurants we could grab food at. We still eat out and actually the meals tend to be more expensive since we have been only eating out at relatively healthy options but the frequency has dropped significantly.

I figure come March, the spending will go back up because of nice weather and garden prep but 2 months of practicing austerity should help us develop a habit of keeping the spending low.

3 Responses to “Progress report on our austerity month”

  1. ThriftoRama Says:

    That is totally awesome. I'm so proud of you!
    Hubby and I did a no spend month back in 2008, and it was great. For some reason, I can't get him to do it again!

  2. Joan.of.the.Arch Says:

    Smart! And effective, too!

  3. creditcardfree Says:

    Glad that is working out for you!

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