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Why Our Family Does a Low-Dough March (and why you should try it too!)

Author
Molly Stillman
Published
Wed 22 Mar 2023
Episode Link
http://sites.libsyn.com/105426/why-our-family-does-a-low-dough-march-and-why-you-should-try-it-too

1:39 – What is low dough March?
  • My family has done this for the past few years. We spend as little money as possible for the entire month of March.
  • We cut down on anything extraneous.
2:31 – Where did this idea come from?
  • We didn’t create this concept. My husband John got the idea from a podcast called “Abraham’s Wallet.”
  • We picked the month of March because we don’t have much going on.
5:12 – Why do a low spend month?
  • You don’t have to be married. You don’t have to have kids. Literally anybody can do a low dough month.
  • The number one benefit, in my opinion, is it’s a recalibration tool to help us evaluate our spending habits.
  • We do not eat out at all in the month of March unless we have a gift card. We like to stockpile gift cards and restaurant rewards points to use in March.
9:09 – Intentional grocery spending
  • We spend an insane amount of groceries, but we try to reel it in during the month of March.
  • We love to host people and make meals for friends, but we try to use food in our pantry and freezers.
14:24 – It’s a training tool
  • Low dough March is a training and discipleship tool. We are training and learning to be better stewards of our money.
  • By placing boundaries around certain places in our lives, we are training ourselves. 
20:17 – Exercising your “no” muscle
  • Part of this training is helping us exercise our “no” muscle.
21:57 – Teaching your kids about stewardship
  • My kids are 9 and 7, and this teaches them about being a good steward of money.
  • It helps our kids realize that things cost money.
23:05 – Planning for our money
  • When we have a surplus of money from low dough March, we give some of that money away and plan for big projects.
FEATURED QUOTES

Low dough March is a month where we as a family spend as little money as possible. We really cut down on anything extraneous.

You don’t have to be married. You don’t have to have kids. Literally anybody can do a low dough month.

The number one benefit, in my opinion, is it’s a recalibration tool to help us evaluate our spending habits.

When you sit and you really look at where you’re spending money, it helps you hit a big reset on it.

By placing boundaries around certain places in our lives, we are training ourselves. 

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