Wednesday, January 9, 2013

My Spending Hiatus...

The holiday months can often times send you into somewhat of a spending bender if you know what I mean… and what better antidote to your empty feeling pocket books than a No-Spend-Month (In my case I'm working on 3 consecutive months of this, within reason) Its not always easy being mindful and disciplined about the money I spend, so during this No-Spend-Month/s which is basically short for “No Spending Except For Basic Essentials” I will not be spending on anything non-essential. Non-essential meaning things like:

Personal Training
Lunches/Dinners out
Online Purchases (Guilt, Amazon)
iPhone apps, iTunes, lottery tickets and any other $1-$2 finds
Manis & Pedis
Starbucks & Pete's

 So for the next month while I’m shopping my very own closet to recreate “new” outfits and giving homemade gifts & cards or offering my services for those of you with upcoming birthdays I am hopeful that I may just find that keeping track of the amount of money I’m saving (toward a specific financial goal) is motivation enough to stick with this spending diet for more than just 30 days.

 I plan to give myself a budget of $100 per week and this money can only go towards essentials! By no means am I trying to deprive myself, but more so help myself reconnect with my $$ so I am able to learn to further value and appreciate every single dollar. I will only allow myself to dip into this $100 on designated spending days (which for now will be Wednesday, Saturday & Sunday) By creating designated spending days I will force myself to plan out my spending meaning I will have to know what I need to purchase and wait until a spending day to buy it. I am confident that this will eliminate cashing out for foolish items and actually having to wait for that chap stick/lip gloss I was trying to convince myself I needed on a Monday night, come Wednesday (a spending day) I most likely will have forgotten all about it. I plan is to allot my $100 budget towards the following: 

Groceries & eating out (occasion based)
Household items (paper towels, tp, light bulbs, toothpaste etc.)
Entertainment (like I said not trying to deprive myself)

There are a ton of 30 day no spend month challenges all over the blogsphere so looking to google and my fellow bloggers for tips and/or inspiration won’t be a prob and should you also get a wild hair I would like to suggest the following:

growing slower

And with food in my fridge, gas in my car and my bills and rent paid for the month thus far let the spending hiatus begin…

No comments:

Post a Comment