Tag Archives: saving money

7 Steps to Successfully Complete a No Spend Challenge

Saving money

Make up for overspending this summer by completing a No Spend Challenge for 30 days! It’s easier than you think!

It’s easy to spend a ton of money during the summer. You want to vacation, attend county fairs and concerts and splurge on new summer clothes. Alpine Bank doesn’t want you to put yourself in a rut, but how can you break your bad spending habits and save? We’ve got answers for you. Complete a 30-Day No Spend Challenge! It sounds intimidating, but it can be done if you follow these guidelines. If it’s just too difficult, start slow. Complete a 7-Day No Spend Challenge, take a break, then try to abstain from spending for two weeks. You can work your way up to the 30-Day Challenge.

If you’re ready to take on 30 days of no spending, check out these tips to make sure you’re successful.

Don’t purchase anything you don’t need to live for 30 days straight. This limits you to food and medicine.

For food, only buy what you need to complete recipes you can make with mostly ingredients you already have. We all have cabinets full of canned food, pasta and other non-perishables that we don’t put to use. If you can, don’t buy any new food at all throughout the 30 days. Make it a goal to use up everything you already have. Get creative with your meals and use leftovers for lunches instead of making sandwiches, which forces you to run out of bread, cheese and meat quickly.

No new toiletries – make do with what you have and samples.

Try public transportation for 30 days. For close trips, use a bike or walk.

Cancel your cable and Internet for 30 days. Complete your online work AT WORK or start going to the library.

Need entertainment? Reorganize and de-clutter. You’ll find old treasures, like old movies and books, that you can enjoy. If you know you won’t enjoy them anymore, donate them.

Focus on projects you can do around the house to keep you busy. Scrapbook, write down recipes, keep a journal, paint or read. You can do these things without spending money and they’ll make you feel productive.

Don’t stockpile! Stockpiling with food and other supplies before you begin your 30 days defeats the purpose of the challenge. It’s meant to help you use up all the great food and products you already have and help you save.

Completing a 30-Day No Spend Challenge will show how much money you spend on things you don’t really need, and maybe don’t want. Living the “simple life” for 30 days might make you happier too, and give you more quality time with your family and friends.

Save Money and Go Green with these 7 Tips

Green living tips from Alpine Bank

Going green can be an easy and frugal change to your lifestyle.

There’s little doubt that spring is a very beautiful time of year here in our part of Illinois. The grass is green, flowers have bloomed, and soon the recently planted fields will start growing in. But nature isn’t the only thing that can get greener this time of year.

 

Your home and how you live are also two things that can “go green” while also helping you save some green. This is a win-win situation, because not only does Alpine Bank advocate smart financial decisions, but also living responsibly in regard to our environment. That’s why we have come up with a few ways you can help out Mother Nature and save a little money as well.

 

Seal up the cracks- this not only keeps cool air in as it warms up, but it also keeps cold air out in the winter. And there’s an added bonus: it can help you save up to 30 percent on your heating and cooling bill

 

Go for a low-flow showerhead- the name says “low-flow” but there doesn’t feel like much difference with most low-flow heads. Also, showerheads with the WaterSense label could save up to 2,900 gallons per year on average.

 

Revamp your thermostat- a programmable thermostat will help you maximize the efficiency of your heating and cooling, meaning less waste and more money in your pocket.

 

Nix the disposable household products- paper plates, paper towels, napkins, aluminum foil, and zipper bags can all be replaced with alternatives that you can use multiple times.

 

Repurpose- before tossing anything out, ask yourself if there is another purpose it could serve. A lot of the time the answer will be “yes.”

 

Buy used- there may be a stigma to buying second-hand goods, but you can’t argue with the savings you’ll find at Goodwill or other thrift stores.

 

Learn how to cook or start a garden- the less takeout or fast food you buy, the fewer wrappers, bags, and other packaging you go through that become trash.

 

Are there other ways you can think of to go green without breaking the bank? Let us know by leaving us a comment on our Facebook page.

 

We hope these ideas have given you some inspiration to look at your home and lifestyle and find areas where you can reduce waste. If you need help increasing your financial efficiency, come by your nearest Alpine Bank office today and we’ll see how we can help. We hope to see you soon!