In America, the average person spends $73 on Fridays, $76 on Saturdays and $59 on Sundays-as much as $205 each weekend!
Courtesy of Gallup.com
Since people tend to spend the most on weekends, cutting expenses on these high spending days will help you to put more money towards paying down debt, building your emergency fund or other exciting financial goals.
One of the most effective ways to cut weekend spending is to have a No Spend Weekend.
What is a No Spend Weekend? You May Ask.
A No Spend Weekend is a great way to ramp up your creative juices and find ways to have fun without spending any money.
The main goal of a No Spend Weekend is to decrease your monthly discretionary expenses. I like to describe discretionary expenses as expenses that are not necessities, therefore can fluctuate dramatically from month to month. They are essentially wants or “nice to haves”. These costs include eating out, cable and internet, entertainment, hobbies, and shopping.
Expert Tip #1: A No Spend Weekend doesn’t mean skipping out on paying your bills. Make sure that your bills are paid to avoid paying late fees.
Realistically, if you can’t will yourself to commit to a No Spend Weekend, try a No Spend Day. My husband and I have No Spend Mondays along with the occasional No Spend Weekend. We have definitely seen a large decrease in monthly expenses when we commit to both.
If you want to effectively cut monthly expenses, here are 21 things not to do on a No Spend Weekend.
Disclosure: This post contains affiliate links. I may receive commissions for purchases made through links in this post.
Don’t go out to eat at a restaurant
-Cook dinner instead
Don’t go to the movies
-Have a cozy movie night at home using Netflix or Hulu
Don’t buy another Kindle book
-Head to the library. There are millions of free digital downloads or go old school soft cover instead!
Don’t buy any new clothes
-Declutter your closet and donate unused clothes and bags to charity
Don’t pay for a morning yoga classes
-Go for a long morning walk instead!
Don’t buy your morning coffee from Starbucks
-Make your own coffee at home. You can even jazz up your morning brew with delightful creams and flavors
Don’t take a weekend-long vacation
-Go sightseeing in your own town! There are amazing landmarks to explore right outside your front door.
Don’t go to a Friday happy hour with friends
-Have a potluck dinner instead
Don’t meet up with friends for a drink
-Invite your friends over for a game night
Don’t buy dessert from a bakery if you have a craving for sweets
-Bake some brownies or cookies or even a cake to satisfy your sweet tooth
Don’t take an out of town weekend long vacation
-Go sightseeing in your own community instead. There are probably some amazing landmarks right outside your front door!
Don’t pay for lunch
-Pack your own lunch and head to the park for a picnic
Don’t go to the mall and spend money on items you don’t need
-Take your family or a friend and volunteer. Do some good for your community!
Don’t buy lunch
-Make your own and head to the park for a picnic!
Don’t head to the bakery when you need to satisfy your sweet tooth.
-If you have a sweet craving, bake some cookies, brownies or even a cake instead.
Don’t go to happy hour with friends
-Invite them over for wine and board games.
Don’t pay for a concert
-Attend a free concert in the park. Many cities sponsor free events. All you have to do to find them is check your local newspaper or town’s website.
Don’t head over to the farmer’s market
-Get to work in the garden and plant some herbs and vegetables
Don’t take your car to the car wash
-Wash your car yourself
Don’t pay to learn a hobby such as playing an instrument
-Take a free class in your area. A cooking class at a restaurant or a class at a hardware store.
Don’t take your kids to an arcade, like Chucky Cheese’s or Dave and Buster’s
-Increase their intellectual capacity by exploring a free museum near your home
What are some other ways to decrease expenses on a No Spend Weekend?
Having a No Spend Weekend is a great way to be frugal. You are off to a good start!