February No-spend Challenge to Save Money (2024)

I've decided to do monthly goal setting, and this month is a no-spend challenge. Part of Lining Up Ducks is all about helping you reach your goals one small duck at a time, getting them all lined up in a row.

One of the ways to get your financial ducks in a row is to set goals and cut your spending.

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February No-spend Challenge to Save Money (1)

Sitting outside RV at sunset

Monthly goals

Our big goal for the year is to get our family paying cash into an RV by the end of the year. In order to make that happen, I needed to plan our monthly goals.

So breaking that big goal into small monthly chunks makes it much easier than just looking at this large number that we're supposed to be tackling by the end of the year.

I've decided that every month, I will set my goals for that month and write them down.

I'm hoping it makes you way more likely to reach your goals if you write them down, and I'm hoping that sharing them and helping you be my accountability partner makes me much more motivated to finish these monthly goals.

For this month, I chose the following goals; feel free to adjust to your own financial needs:

Spend-free February

Okay, so February is the shortest month of the year, and my husband and I decided this would be a perfect month to do a spending freeze. So we are doing a spend-free February, 28 days of no spending.

The rules we have set for ourselves are we are allowed $25 per week for grocery money. Now, we have a reasonably well-stocked fridge and pantry at this point, and it's not something that's usual in our house, but we needed to eat through all of this food. So this was a great time to do it.

We are allowing ourselves $25 a week for perishable grocery items and milk because we still have many kids in the house. That $25 is also if I'm missing one ingredient for a meal, but there won't be any going out and buying all the ingredients. $25 per week, that's it for groceries.

Also, in our spend-free February, I will be making dinner every night. My husband will bring his lunch to work, and we will cut down on our gasoline usage.

Now, we do have to use gasoline to take ourselves to and from work and get the kids to and from school, but for the most part, unless we agree on it together, we will not use any extra gasoline this month.

Hopefully, by the end of the month, we will have a large amount of money left in our cash envelopes that we can then put towards our RV savings.

February No-spend Challenge to Save Money (2)

Tax forms

Do our taxes

The second goal for the month is to do our taxes. I do our taxes every year, and getting those done is one of my top priorities this month because we are probably looking at a refund. I would love to get that money in, get some of our sinking funds fully funded, and put the rest into our RV fund.

Increase income by $1,000

Goal three for the month is to bring a thousand dollars into the house. That won't be easy, considering I have made $58 on my Etsy site. But hey, $58 is better than nothing. This month's goal is a thousand. It sounds like a lofty goal, but let's see if I can hustle and hit it.

House goals

My last two goals for the month revolve around my home. I still have lots of ducks I need to get in a row around my house. I am not the queen of housekeeping by any stretch of the imagination. Somehow, that gene missed me.

My fourth goal for the month will be to do one load of laundry every day. I have been doing laundry once or maybe twice a week, but with six people, it just mounds.

The volume of laundry that comes out of six people and then doing it all in one day is overwhelming. The sorting and putting away seem to be bogging us down, and you would not believe the current mound of laundry I have sitting on my couch waiting for me to sort and fold.

So I decided at church today that I was tired of the mounds of laundry, and my goal for February is one load of laundry every single day.

February No-spend Challenge to Save Money (3)


My fifth and last goal for the month will help my laundry situation drastically: finishing paring down everyone's clothes in the household. The kids' clothes and my husband's and mine, and getting us into one closet for all our clothes.

We'll have to pare everything down for the RV, so why not go ahead and start now?

We are moving all of my children's clothes into mine, my husband's, and my tiny little closet back here, and that will give us a good idea of the spatial limits of what we should and should not be keeping for our RV journey ahead.

No-spend challenge

So that's it for my no spend challenge, which started with my five goals for February.

Are you doing a no spend challenge? What tips do you have to make it successful? Share in the comments below.

Next, learn these 10 Simple Principles of Money to Help Your Family Budget.

February No-spend Challenge to Save Money (2024)


February No-spend Challenge to Save Money? ›

It's basically a day where you don't use your debit card, cash, go to the store, or buy anything online. You spend nothing. And the challenge of February is to have as many of them as you possibly can. Ideally, you'd want to go the entire month without spending anything extra.

What is frugal February? ›

Instead of bypassing alcohol as many Americans did with Dry January, it's time to ditch dining out and usher in Frugal February, a time dedicated to spending as little as possible on non-essentials while saving as much as you can.

What is the challenge to not spend money? ›

There is no set timeframe for a no-spend challenge. January 2024 emerged as No Spend January, when people tried to go the whole month without shopping, eating out or hitting the town. But for others, a weekend or even a day without impulse buying is a victory.

What are the rules for the no spend month? ›

For the no-spend challenge, you pay for essentials only for a set period of time. Thirty days is pretty common, so you might hear it called a no-spend month too. Basically you're covering your Four Walls (food, utilities, shelter and transportation) and other necessities, but you're saying no to all the extras.

What is the no spend month motivation? ›

No Spend Months are great. They give you super focus on your money for a short period of time to be able to really make some quick progress, but they don't have to be perfect for you to make progress. Buying one less coffee a week is still progress. Going out for lunch one or two less times a month is still progress.

Why is February a good month? ›

It might be the dreariest month of the year, but there are at least two things going for February: It's short, and it's not January. February brings a reprieve from the pressures that come with the start of the year. The steady stream of gym advertisem*nts eases up.

How to be super thrifty and frugal? ›

50 frugal money-saving tips
  1. Plan meals.
  2. Choose cheaper recipes.
  3. Make a shopping list.
  4. Don't shop when you're hungry.
  5. Visit cheaper supermarkets.
  6. Buy supermarket own-label products.
  7. Eat less meat.
  8. Buy in bulk – but only if you'll use it.

What is the best money saving challenge? ›

Yearly savings challenges
  • The “52-weeks of saving” challenge: For this classic challenge, you'll try to save an increasing amount each week for a year straight. ...
  • The “birthday bank” challenge: Every time it's a friend or family member's birthday, put aside a set amount of cash like $5 or whatever amount works for you.

What is the zero spend strategy? ›

The term zero-cost strategy refers to a trading or business decision that does not entail any expense to execute. A zero-cost strategy costs a business or individual nothing while improving operations, making processes more efficient, or serving to reduce future expenses.

What is the 50 30 20 rule? ›

The 50/30/20 budget rule states that you should spend up to 50% of your after-tax income on needs and obligations that you must have or must do. The remaining half should be split between savings and debt repayment (20%) and everything else that you might want (30%).

What are the no spend February rules? ›

The rules were tweaked here and there, depending on what was going on in our lives, but for the most part, we tried our best to avoid any unnecessary spending for the month of February. No dinners out, no coffee shops, no shopping trips. We'd set a saving goal for ourselves and try to hit it in those 28 days.

What is the January save money challenge? ›

There's a new challenge called "No Spend January." The challenge is where you only spend money on essentials for the whole month. That means you pay for things like housing, groceries and gas, but cut out on that latte or eating out. The goal is to focus on what you really need.

How do I start a no spend challenge? ›

How To Do A No-Spend Challenge
  1. Determine Your Goals. Having a goal motivates you when you feel like buying that pair of shoes or eating out that night. ...
  2. Set A Timeline For The Challenge. ...
  3. Establish Your Spending Guidelines. ...
  4. Create A Budget. ...
  5. Plan Meals, Entertainment And Other Activities. ...
  6. Track Your Progress. ...
  7. Don't Give Up.
May 2, 2023

What is a buy nothing month? ›

Buy Nothing New Month is part of a growing, global movement to reduce consumption and create a circular economy, sitting alongside Buy Nothing Day - celebrated internationally in November - and Australia's Buy Nothing New campaign.

What is depression spending? ›

Emotional spending is spending money during a period of heightened emotions, like stress or sadness. It often results in buying items you don't really need, or even want. Mental health experts say this is a coping mechanism to avoid addressing those difficult emotions, but there are many ways to deal with it.

What are the rules for no spend January? ›

That means no new clothes, no going out to restaurants and no coffee runs. “I wanted to stop the bleed,” Kaden, who is currently doing her fifth No Spend January, told CNN. “I needed food on the table and to pay my mortgage but I didn't need all of the things I was buying.”

What does the phrase frugal mean? ›

frugal. / (ˈfruːɡəl) / adjective. practising economy; living without waste; thrifty. not costly; meagre.

What does going frugal mean? ›

People who are frugal or who live frugal lives do not eat much or spend much money on themselves. She lives a frugal life. Synonyms: thrifty, sparing, careful, prudent More Synonyms of frugal. frugality (fruːgælɪti ) uncountable noun.

What does the word frugal mean *? ›

[more frugal; most frugal] 1. : careful about spending money or using things when you do not need to : using money or supplies in a very careful way.

What is considered frugal? ›

For the most part, that means finding ways to pay less for everything from groceries to clothing, utilities and everyday bills. Being thrifty or frugal also means simply going without some things, mostly because it helps you reduce financial waste while freeing up more cash to save.


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