Rachel - that would be a "no". The reason is that you wouldn't have the project already in your "to-do" basket.
I know - pretty tough huh.
A friend of mine started this last year. To start with I thought she was quite insane. The more I thought about it - the more it made sense. I gave it a go - and it is really achievable.
The point of the 1 November deadline - is that during November there are some really good sales. That's when I would stock up.