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Can I Avoid Paying Full Retail Prices for 30 Days?

Last night, on the way home from dinner with my family, my husband issued me a challenge. He asked if I could avoid paying the full retail price for everything I purchase over the next thirty days. I’m always up for a good challenge and this one has really peeked my interest.

There are three ways I can meet the challenge requirements. First, I can purchase items that are on sale. Second, I can purchase items that are full price, but use a coupon to receive the item at a discounted price. Third, (and the best option of all), I can purchase a sale item using a coupon.

The challenge applies to every single item I purchase with the exception of gasoline. That means food, cleaning supplies, clothes, items for the home, etc. cannot be purchased if they are not on sale and/or I do not have a coupon. Also, shopping at discount stores, like Marshalls, will not fulfill the requirements of the challenge unless the item I purchase is on sale there.

Workarounds are permitted for this challenge. For example, a few days a week I typically purchase lunch in the cafeteria. Clearly, I can’t receive discounts on those lunches, so rather than purchasing lunch at work, I’ll need to search the sales circulars and begin packing a lunch for myself. Throughout the challenge I will also keep track of alternatives to spending. For example, modifying something I already own in an effort to avoid purchasing something new.

I plan on starting the challenge tomorrow and I’m really looking forward to it. It will certainly force me to monitor my spending habits more carefully.

My Journey From Debt

Monday 14th of July 2008

Wow, I think that sounds extremely difficult. Even though I generally don't spend lots of money, I don' think I could do it!

Today's Budget

Saturday 12th of July 2008

What a great challenge!

One Frugal Girl

Tuesday 8th of July 2008

Thanks for all of the kind wishes. I plan to provide weekly updates of my successes and failures.

@Renee -- I forgot all about rebates. Those will definitely count in the challenge.

Renee

Monday 7th of July 2008

Great challenge! I love it! I would add in rebates too if I were doing it. Walgreens, CVS, and RiteAid would help a lot health and beauty items.Good luck!

LP

Monday 7th of July 2008

I love this challenge! If nothing else, it forces you to seriously consider every item you buy; you have no choice but to spend conciously.