Uber-Frugal January: Who’s with Me?
I’ve mentioned before how enamored I am with the folks over at Frugalwoods. They have spending habits I envy, clear goals, mad photography skills, and apparently the world’s most patient and photogenic. (Seriously, I’m not even a dog person, but those are remarkable dog photos.)
Anyway, one of their suggestions is that you do an “Uber Frugal Month” as a personal challenge. You can and should read the details here, but the basic premise is that you go through your spending with a fine-tooth comb, categorizing it based on its level of necessity, and then, well, spend less than that. Possibly much less.
January seems like a good month for this because it gives one a chance to detox from any holiday excess. It’s also good timing for us because we are starting to toy with the idea of becoming homeowners again. The Uber Frugal Month will (a) let us see how low our budget can go and (b) hopefully load up our savings a bit.
I haven’t gone through our spending yet, but I already have some targets in mind. Like Netflix: Sure, it’s cheap, but we don’t need it. I work at a public library! The tiniest amount of pre-planning, and anything we want to watch is waiting there for me to pick up. (Mr. FP isn’t sure about giving this up, but negotiations are underway.) I’ll try getting a little more hand-on with the groceries–see if I can make Greek yogurt, for instance. The Frugalwoods family combined their Uber Frugal Month challenge with an “Eat All the Things” challenge, which sounds like a good idea to me. Got a freezer full of cooked-ahead rice and beans, cheese, and other oddments waiting to keep our bellies from rumbling. I’m not going to eat up expensive things, most notably beef, that we eat regularly but in small quantities, but everything else is fair game. I’m looking at you, quinoa! I WILL make something with you this month!
I admit, I have this cheat in mind: I’m allowed to spend any gift cards that I get for Christmas. And I haven’t decided about wine, but coffee is non-negotiable! Maybe I’ll drink smaller cups.
Who wants to join me for Uber Frugal January? Or just ogle my results? Stay tuned for initial spending analysis…
Update: Due to complete lack of preparation time, Uber-Frugal Month has been postponed until February. Please join me then :-). I apologize to anyone who was really excited about seeing my spending analysis.