Reflections on month two of our no spend summer

by Karen on July 30, 2009

We were not as successful this month as last month. We made a handful of unnecessary purchases on our debit card in desperation, not because we needed things but because we wanted them. I know, I know, we’re bad. But this is an experiment. In the beginning we set a goal, and even though we’ve had some setbacks, we’ve still accomplished our main goal: getting through the summer without spending our savings.

We made a short trip to Myrtle Beach to see The Wallflowers. It was a lot of fun, and aside from the tickets we bought in May and a couple gallons of gas, it didn’t set back our budget at all.

We also made the decision to splurge on concert tickets to see Paul McCartney. While this wasn’t part of our no spend summer plan, it wouldn’t have been possible if we hadn’t spent the summer saving.

The biggest benefit we’ve experienced this month is we’re getting much better at sticking to our grocery budget. I’ve learned to estimate the cost of items based on past experiences, so we have no surprises at the checkout. I know when we’re over budget, which allows us to reprioritize, cut things out, and come in at the right amount. If that’s the only skill we’ve learned through cash budgeting, I’d say it’s absolutely worth it.

While it’s been more difficult this month and we’ve faced more setbacks, I’d still call it a success. After all, we haven’t touched our summer savings, and we’ll even have enough extra money to buy new tires and do some necessary maintanance on the car without dipping into our emergency fund.

How’s your budgeting going this summer?

Previous post:

Next post:

{ 5 comments }

1 FrugalChick July 30, 2009 at 8:30 am

Glad you guys are doing so well! Even a few minor setbacks are definitely better than major ones.

July kicked my butt in the budgeting department. I am going to work to make August will be quiet and inexpensive.
.-= FrugalChick´s last blog ..Fashion fix =-.

2 EastTXmom July 30, 2009 at 10:13 am

Karen – this is great!! Pat yourself on the back. Especially since you’re living on one income.

3 Rachel July 30, 2009 at 4:31 pm

Good job on meeting your goal Karen!
.-= Rachel´s last blog ..No Spend Month Update: Week 4 =-.

4 Kacie August 2, 2009 at 7:57 pm

How much longer til no-spend month is over?
.-= Kacie´s last blog ..Impressions of our cloth diapers =-.

5 Karen August 2, 2009 at 8:12 pm

Technically we’re supposed to be done at the end of August, but we’re getting more and more lax this month with travel and stuff.

Comments on this entry are closed.