As a stay-at-home mom, finding ways to save money is a big part of my job. I have to say, it’s easy to get complacent at times and spend more than we save. For that reason, I like to shake things up and get intentional when it comes to saving money. If you’re looking to shake things up a bit too, try a two month money saving challenge.
Why Two Months?
Two months is enough time to save a considerable amount of money but not so long you lose steam!
For us, the cold, snowy months of January and February offer a nice break and a chance to finally save some extra money! The hustle and bustle of the holiday’s have passed, the kids are still playing with their toys from Christmas and no one minds staying home where it’s warm.
Honestly any two consecutive months would work, the key is to be intentional, almost driven to save as much money as possible and get everyone in your family involved.
What Would You do with the Extra Money?
Maybe start saving for a new car or make an extra payment to your retirement fund? Maybe go on a much needed family vacation? If you’re thinking about a Disney World Vacation, hop on over to my post: How to Save $$$ on your Disney World Vacation for more money saving tips. Or, maybe you’re determined to get out of debt! …not fun but we’ve been there. Whatever your goal, get intense, cut spending and pile up as much cash as possible.
The best way I’ve found to start any new challenge is with a change of my mind-set. Basically, stop doing what you normally do! Since we’re only talking two months, look at all areas of spending and make cuts where you normally wouldn’t. Take the thermostat down a couple notches. Use up what already have in your pantry. Stop buying cleaning supplies and use what you have on hand. Don’t eat out or get fast-food. Group errands to save gas. Buy only what your family needs and no more.
Painless Ways to Save and Even Make Money…
1 | Don’t Shop for Groceries One Week Out of Each Month
I primarily shop at Aldi’s and Walmart and spend about $110/week on groceries for my family of four. This includes pet food and supplies and personal care items. Your grocery bill may be higher or lower depending where you live but I’m sure it’s one of your bigger expenses. Since I usually have basic staples in my cupboards like rice, beans, diced tomatoes, oatmeal, frozen fruit and veggies, it’s very doable for me to skip one week of grocery shopping. I usually pick the first week of January and the first week in February. That’s a savings of $220! Don’t worry if you can’t make it a full week, just buy the staples you need like milk and bread to get you through the week.
2 | Cut Cable and Netflix for Two Months
A lot of people have already cut Cable and Netflix. Since I don’t have a contract, I plan to cut cable for my challenge in January and February. We’ve already ended our Netflix subscription so cutting cable will save me about $60. Total saving for two months: $120. If your looking for ideas on other options beyond pricey cable or satellite TV packages, check out this helpful comparison guide from The Simple Dollar: The 2018 Cord-Cutting Guide.
3 | Pay Cash for Groceries and Essentials and Save Up the Change
I do this regularly and save about $10 a month. It’s not a lot but it’s another painless way to save. So that’s another $20 over two months.
4 | Plan Ahead for a Spring Yard Sale
You’ll probably be going out less during a two month challenge so you may find you have more time on your hands. Spend some time gathering up things that your family no longer uses and set them aside for a yard sale. I’m always amazed at what I find when I go through each room, draw and closet. Decluttering your home will make you feel better and you can make a little cash in the process. For more tips on how to get started clearing the clutter, read my post: 5 Easy Steps to go from Pack Rat to Minimalist.
5 | Start a Blog
Use your free time to start a blog and start making money. If you’ve been wanting to start a blog, my best advice would be to just go for it. Don’t worry about making it perfect, just start writing…one post at a time on a topic you love.
My blog, A Simple Slice of Life, is hosted by Bluehost. They’ve been very reliable and it’s easy and inexpensive to get started blogging especially if you use one of the free WordPress templates. You can be up and running in under an hour so why not start today!
I hope I’ve inspired you to try a Two Month Money Saving Challenge. Find ways to make it fun! Good Luck and let me know how you do with it.