Attempting to Save

no-spend-march

Since I was little any money that I’ve had has burned a hole in my pocket. On holiday my spending money was always gone by halfway through the trip whilst my brother carefully decided what to spend on and, more often than not, came home with cash. Much to my disgust.

Now I’m an adult I’m still more in the mindset of splurge than save. Β I can’t resist a bargain even though a lot of those ‘bargains’ soon make their way to the charity shop rather than being kept long term.

I need to take stock and start thinking about how to save. We need new windows, and have a lot of decorating plans for the house which aren’t going to happen if I keep buying new shoes and striped tops.

So, I’m going to attempt a no spend month. I saw the idea on good old Pinterest and I think it’s definitely do-able. I’ve chosen a month where there are no school holidays (as I’ll want to spend on a few days out during those) to give it a try.

The idea being that I will spend on the essentials: the mortgage, bills, petrol and food but will cut out non-essentials: shoes, clothing, toiletries, pretty bits for the house that I’ve found on Etsy.

I think the key to being successful with this will be to unsubscribe from a lot of the commercial emails I receive, delete my browsing history so my passwords aren’t saved for shopping websites (hopefully the time that I spend trying to find them will make me rethink my need for a purchase.) I’m also going to keep a spending diary to track what I’m spending on. I’ll let you know how I get on at the end of the March.

Wish me luck!

Advertisements

2 thoughts on “Attempting to Save”

  1. I hope this is going well for you! I’ve done 3 spending bans – the two that succeeded were half term-length (although why I chose the 8 week half terms, I don’t know!) and the one that fell apart was 3 months. Unfortunately I always go back to my old spending habits afterwards, but in the short term they’re great for saving/paying off debts. What worked for me is exactly what you’ve identified – unsubscribing from marketing emails, especially, and keeping a log of everything I spent money on, down to petrol for the car or a pint of milk.

    Like

    1. I’m not doing amazingly πŸ™ My willpower is abysmal! I might try the half termly rule after Easter. My car having its MOT, service and needing new tyres has also been an unfortunate plague on this month’s finances.

      Like

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s