I have chosen to embark on a spending diet. June 13 until July 13 my purchases will be extremely minimal. I will have more ‘no spend days’ than spend days for this four week period.
I laugh but I’m kind of super serious.
These are my needs. I will be spending money on these things so that I can function.
Credit card payments
Household (necessary cleaning & hygiene supplies)
I’m happy I don’t have gas, insurance
For my non-necessary items I am giving myself an allowance of: $15/week on ‘non-needs’ within reason. That’s $60 for the month. That’s $2 a day. Ha!
I will need to keep track of what I am spending my weekly allowance on.
This will be my last month living with a roomie as she peaces July 15. Being thrifty without a roommate.. may be difficult as all purchases are up to me. No going halfies on groceries, laundry soap, hydro… but it also means my consumption is in my hands. What I use I pay for. What I conserve I save. Pretty good incentive, really.
Why am I taking on this ? I want to take a huge chunk out of my credit card debt. It is my final piece of consumer debt and it’s kind of the final hurdle before I start biting into my terrifyingling intimidating student loan. *shudder*
I have a couple of helping factors this month: 1) I get my damage deposit back from my apartment so there’s some change to put towards my goal and 2) I have reduced rent for July because my roomie is couch surfing for two weeks into the month so she’s putting some money in.
Where did I get this idea from? Check it here: Spending Diet
Wish me luck!