Frugal February: How to nail a no-spend month
Updated Jan 30, 2021;
Posted Jan 30, 2021
FILE - In this June 15, 2018 photo, twenty dollar bills are counted in North Andover, Mass. (AP Photo/Elise Amendola, File)AP
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Holiday spending always gets the best of me. The gifts, the food, the Christmas tree and decorations sandwiched between two monthly rent payments siphon money from my bank account. Every year I feel the sticker shock, briefly tuck my tail between my legs, then carry on like it never happened.
But this year I’m trying something different. I’m committing to a no-spend January. That means I’m freezing spending on unnecessary purchases this month to build my savings back up. Goodbye, mindless Target-app browsing. See you later, desserts.
Holiday spending always gets the best of me. The gifts, the food, the Christmas tree and decorations — sandwiched between two monthly rent payments — siphon money from my bank
Holiday spending always gets the best of me. The gifts, the food, the Christmas tree and decorations sandwiched between two monthly rent payments siphon money from my bank account. Every year I feel the sticker shock, briefly tuck my tail between my legs, then carry on like it never happened.
Lauren Schwahn
Holiday spending always gets the best of me. The gifts, the food, the Christmas tree and decorations sandwiched between two monthly rent payments siphon money from my bank account. Every year I feel the sticker shock, briefly tuck my tail between my legs, then carry on like it never happened.
But this year I’m trying something different. I’m committing to a no-spend January. That means I’m freezing spending on unnecessary purchases this month to build my savings back up. Goodbye, mindless Target-app browsing. See you later, desserts.
I’m not the only one to emerge from the holiday season in less-than-ideal financial shape. More than half of 2019 holiday shoppers (55%) took on credit card debt, according to NerdWallet’s 2020 Holiday Shopping Report.