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.
Rent
Utilities
Credit card payments
Food
Household (necessary cleaning & hygiene supplies)
Savings
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!
My Curly Potential 
Reblogged this on Hair Say and commented:
A great post and a good idea. I might try this myself.
All the best! I think I need to try this. I always spend money unnecessary even though I am trying to save.
A challenge will hopefully change my mindset.
Thanks!
Yeah! At the very least it makes you more conscious of your spending. You sort of take a second to go ‘Do I need this or do I just want this?’. That’s what I’m hoping for.
Good luck with the diet! It sounds perfect. You might even surprise yourself and get to the end of the month with most of that $60 you set aside for “non-needs” 🙂
Those were my thoughts exactly! I wasn’t brave enough to do the spending fast with no allowance for “non-needs” so I gave myself that buffer. But yeah, I may finish that month with some of that 60 still in my pocket 🙂 Hopefully!
I REALLY LIKE YOUR BLOG!! 🙂 It’s so informative and well written. Well done!
Thank you so much! It was really nice to come home from work today and see this. I’m so glad you find it informative! I try and write only when I have something to say, so I appreciate your saying that 🙂
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I’ve been having a similar idea but I think I need to write it out so I can actually see it out instead of thinking about doing it.
It helps! And it’s worth a try. At the very least, you’re aware of what’s going in and what’s going out and with that awareness come better decisions 🙂 That’s the goal anyway 🙂