Inventory your household supplies before buying another package of toothpaste or container of laundry detergent. Use up your stockpile of household supplies — soap, toothbrushes, deodorant, paper towel, cleaning supplies and more.
Cancel unnecessary subscriptionsthat automatically hit your bank account or credit card. Sure, it’s nice to have multiple streaming services for shows and music and fitness motivation. But chances are you don’t need them all. Subscription costs can be small, but when you add them all up, they can total hundreds of dollars a month.
Get fit at the same time. Use up your gym membership or class passes. Follow free YouTube workouts. And, if you happen to live in a condo with a gym, use it.
Create new outfits from your current wardrobe. This is a great month to pull everything out of your closet, purge what you don’t need, and find ways to pair new styles with classic favourites.
Entertain yourself for free. I know it’s cold, but it’s still a great time to bundle up and get outdoors. Head out for walks, runs, hikes and bikes. Cruise through local festivals. If you have kids, go to the local library for free programs. Host meals rather than go out with friends and ask your guests to bring a dish like dessert.
Calculate your savings and e-transfer them into your savings account.
When I do the 30-day no-spending challenge, I save about $25 per day, which adds to $750 throughout the month. Because…