$100 Giveaway: Try a no-spending weekend

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Update: Jan 31, 2013 – This contest is now closed. Congratulations to Jess G. (Entry #527) for taking home the $100 cash prize!

Anyone out there still paying off the Christmas bills?  Even though Brian and I (usually) save enough to pay for Christmas in cash, I find that I get a bit of an after-Christmas hangover.  I feel anxious about money, I don’t like to spend a lot, and I am more than a little tired of holiday excess.  That makes January a great time to save some money.  I talked yesterday about trimming the financial fat by getting rid of excess fees and services.  Today I wanted to offer another suggestion for super-charging your savings: Have a no-spending weekend!

Photo credit: flickr

Photo credit: flickr

I like no-spending weekends because it’s a lot less commitment than say, a no-spending month.  At the same time, Brian and I spend most of our money on the weekend.  It’s usually things like social outings with friends and afternoon coffees together, but still – it adds up.

How do we entertain ourselves all weekend?  Well, to be honest, a lot of our weekend is taken up by mundane chores and lazy bouts of relaxing.  So it’s not really that hard!  But instead of going out for brunch, we make a nice Saturday morning breakfast at home.  Instead of coffee at the cafe with friends, we put on a pot of coffee in the afternoon and lounge around the condo with a book.  In the evenings, it can be tougher.  I do love heading to a local bar for a drink or meeting up with friends for a late night snack.  But I also love having people over for a games night or getting together for a massive potluck.

After a no-spending weekend, we usually are able to put away $40 or $50 towards one of our short term savings goals.  It only takes a few weekends to afford a pair of Canucks tickets (I’m looking at the bill for this right now… sigh) or to make a nice extra payment towards the student loan (which is what I really should do instead of going to expensive hockey games).

So on the continuing theme of making January a little less dreary and saving a bit of money, we’re pleased to be part of ANOTHER giveaway!  This one features a prize of $100 via Pay Pal or Amazon gift card (winner’s choice).  Just check out the Rafflecopter widget below for entry options and click here to see our other contests!

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23 Comments

  1. Jason says:

    I think it’s good to spend some money every once in awhile! My wife and I hang out at our house a lot (especially in the winter) and we rarely spend money, but it’s a lot of fun to buy things from time-to-time. If you’re struggling with money then having a no-spend day is a good idea, but it’s hard for me to see the point if you’re not living paycheck to paycheck.

  2. I have that same Christmas hangover nearly every year even though we budget perfectly for it. I am sure it has to do with the fact that so much money gets spent.

  3. Maureen says:

    I have done it in the past. I learned that you can make do with things that you already have.

  4. Great to co-host with you! I like no spend weekends as well. It is nice to look at your bank account and see nothing came out of it. I don’t think I would ever be able to do a no-spend month. Too many temptations and unknowns.

    • CF says:

      Thanks Grayson! A No-spend month would be hard for us add well. I’m not sure that the stress would be worth it, unless it was financially necessary.

  5. Deirdre says:

    I could gain a better sense of how much money can be put away for retirement. Thanks for the chance to win.

  6. Tiffany Winner says:

    doing it on a regular basis should build my self-discipline and make me more creative

  7. Tiffany Winner says:

    on most of the rss subscriptions i used google reader, hope that was ok?

  8. Wendy T says:

    I actually did this at Christmas time. I did not leave my house for over a week and I did not spend a dime during that time.

    I learned first that it is easier to do when my teenage son is not home (I tried to be more cautious when he came home, to no avail). I also learned that all things considered, it is not so hard to do and it’s quite liberating. We really do not need all those ‘things’ we trick ourselves into thinking we do.

  9. A no-spend weekend is a great idea. It makes you slow down and enjoy the blessings in your life that you sometimes take for granted. Plus, like you said, it is not such a daunting undertaking. Glad to co-host this giveaway with you!

  10. Marthalynn says:

    I think a no-spend weekend would be great at helping me differentiate between need vs. want.

    p.s. There wasn’t an extra info box, but I’m signed up to Free at 33 as acluisi at hotmail

  11. It’s amazing how little you can survive on over a weekend when you put your mind to it. You don’t have stay in all day either. There’s a whole world out there just waiting to be explored!

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