Update On My Progress

by Lynnae on August 27, 2007 · 7 comments

Last week I challenged myself to commit 3 days as “no-spend” days. I am pleased to report that I didn’t spend any money on Monday, Tuesday, or Thursday last week. As a bonus, I also kept myself from spending any money on Saturday. I hereby declare last week’s challenge a success!

I’m going to repeat the same challenge this week. I’m not going to spend any money on Wednesday, Friday, or Saturday. This week is going to be harder, because I have a lot of errands to run before school starts next week. I think I can do it though.

I also updated my finances. When I started this blog, I had $9233 in total debt. As of today, I have 1794.28 in credit card debt and $7043.85 in student loan debt. That’s a grand total of $8838.13! I have paid off $394.87! I’m still not on track to meet my one year deadline, but I’m thrilled to see the balance go under $9000. Now that my husband has a reliable paycheck coming in, I’m hoping to see the numbers go down even faster! Stay tuned…

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{ 7 comments… read them below or add one }

1 boomeyers August 27, 2007 at 5:03 pm

Great job on the no spenders! Good luck doing it again this week!

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2 JW Thornhill August 28, 2007 at 4:14 am

Love your new layout and design!!

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3 Lynnae August 28, 2007 at 6:37 am

Thank you!

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4 Pinyo August 28, 2007 at 7:36 am

I think you are doing really well. Congratulation and keep up the hard work. I love the concept of “no spend” days.

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5 Brian August 28, 2007 at 9:26 am

I tried to implement “no spend” days for my wife, but she just ended up spending more on her “spend” days.

Oh well, back to the drawing board.

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6 Lynnae August 28, 2007 at 4:05 pm

Well, I do spend a little more on my spend days, but I save money by not running into town every day. I also tend to stick to my list when I’m running to several stores in one morning. If I’m not on a timeline, I tend to start browsing, which always leads to overspending.

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7 sherry@sherrylove.net June 15, 2008 at 12:24 pm

With the gas price topping 4$ now, I think I would need no spend weeks so we can cover our expenses without getting into more debt that we already are. I used to be a compulsive spender but I have put an end to it 10 years ago so our debt went down significantly ( but still have debt!). It’s hard at first but I took it slow. It’s like getting clean from a drug addiction. I have fallen off the wagon a few times but luckily I have saved the receipt so I can get my refund afterward. That’s to say it’s never too early to learn how to save. I am trying to teach my kids to be frugal so they can be free from debt sooner that I am now.

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