A penny saved...

piggy bank available here on etsy

How does the saying go again..."A penny earned is a penny saved?"

As CFO of this new family of three, I have decided that August is going to be a No Spend Month. This is not an original idea but in the past year when I have been inspired by other bloggers who were committing to the same, it always felt like there was something that we "needed" to buy that kept me from jumping on the bandwagon.

Well, we are jumping on it this month. The move is over, the vacation has come and gone and before the circus of the holidays begins it felt like August was the perfect time to sit back, think, and make a plan.

So the no spending plan goes like this: no personal purchases of any kind that are not necessities. No extra craft projects, no deals on sale, no toys or clothes for the nugget, no Etsy purchases, nada. Groceries, gas, diapers, babysitting, exercise classes and date nights are allowed. Business expenses are also exempt to this rule (as my husband owns his own business and works often from home), though they are under strict scrutiny. Scrutiny by me.

So there you have it. This is going to be hard. But in a commitment to organize our finances and work on creating our version of financial serenity, this is a good test.

I will keep you posted...