No Spend Month Challenge: Update 2
No
Our family is doing voluntarily No Spend Month Challenge in July. Actually No Spend month is misleading in a way, as it should be called minimum spending on bare essentials month, because that is what we are doing.
I first heard about No Spend July month last year at Rachel’s blog called Small Notebook and I have been hooked to the concept. Last year I did it unofficially, only for our eyes. Here is our journey of little financial adventure of No Spend Month in July for sharing with all of you.
Recap:
Our budget for the whole month is $300 for groceries, eating out, gas, entertainment and misc expenses. Other expenses such as rent/mortgage, utility, charity, savings and investment, and education and job related expenses are not included in the $300 budget. Thank god for that!