Budget

Setting a No Extra Spending Goal

By on January 25, 2018

budget, spending

This year, my hubby and I are working on streamlining the spaces in our home. We are simplifying and getting rid of items that we haven’t used in at least a year. Honestly, I tend to feel crippled by the amount of extra stuff that accumulates in our home and we don’t want these items to direct the choices that we make now or in the future.

To simplify our spaces, one of the goals that we set for the new year is no extra spending. My husband and I decided to use what we have instead of acquiring more things. This goal isn’t entirely easy for me because I enjoy browsing through stores, and there are so many beautiful things that want to jump into my cart.

Adopting a no extra spending goal is possible if you follow a few steps to make it happen.

budget, spending

1 | Meet Your Needs

To meet my no additional spending goal, I ask myself if something that I want is indeed a need. I’m pretty ruthless and have gotten good at talking myself out of items. If there is something that I want, I’ll add it to my birthday or Christmas list. Nothing has made it on the list so far.

Decrease your shopping online and in stores if you find yourself wanting to buy things. Meet your needs, but don’t give in to your wants.

budget, spending

2 | Edit Your Mailbox

I like being able to have some control over what appears in my inbox and mailbox. I do not sign up for direct, store emails and have put myself on a list to cancel the junk mail and catalogs that we receive.

You can edit both your inbox and mailbox so you aren’t receiving catalogs and sale notifications which can be tempting. Use Unroll.me to manage your inbox and control the emails that you receive. Unsubscribing works well, also. Catalog Choice can be used to cancel junk mail and catalogs.

budget, spending

3 | Set a Monthly Budget

My hubby and I have a monthly budget. All of our expenses go into the budget. Seriously, everything.

In a previous post, I wrote about how to shop without overspending. Setting a budget helps to manage your spending, and if you track it, it gives you a clear picture of where your money is going.

budget, spending

You can adopt a no extra spending goal if you do a few things to make it happen. Set a monthly budget, consider your needs and take control of both your inbox and mailbox. Doing these things, and figuring out what else works for you will help you to reach your goal.

Until next time,

budget, spending

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Budget

How to Shop Without Overspending

By on June 29, 2017

shop, shopping, budget

Shopping is something that I enjoy doing. Especially with my girlfriend. Each time we go shopping, we have a competition to see who can spend the least amount of money. On one of our outings, I beat her by only 11 cents. It’s a good way to keep me in check, so I don’t overspend.

It’s important to stick to a budget when you go shopping. Spending extra money without planning can potentially cause you to have regrets in the long run. So, how can you keep from overspending when you go shopping?

shop, shopping, budget

Set a Budget

If you are planning to go shopping, it’s important to set a budget ahead of time, especially if you are not shopping for anything specific and just going with your friends. Figure out what you can afford to spend ahead of time and stick to that budget while you’re shopping. You also need to weigh your options while you’re in the store. If you don’t need it, don’t get it.

shop, shopping, budget

Bring Cash

When you charge your purchase to a credit or debit card, you can’t see the immediate impact that it is having on your account. If you use cash, you can immediately see the amount of money that you are spending. Bringing cash while you go shopping not only gives you a set budget, it also guarantees that you won’t overspend if you see something else that you want.

shop, shopping, budget

Forget the Cards

In bringing a preset amount of cash, you can leave your credit and debit cards at home. Leaving your cards at home will you from overspending when you see that item that you desperately want. It’s easy to use your card when there is something that you want. You can prevent that from happening by leaving your plastic at home.

shop, shopping, budget

Stick to a List

Before you go out shopping, create a list of the items that you need. Stick to that list and avoid making any unplanned purchases. If you see something that you want, add it to a wishlist for future purchase. Keeping an additional list will prevent you from making impulse buys. If you add it to your list, it gives you think time, and you may decide that you don’t need it after all.

shop, shopping, budget

When shopping, it’s essential to set and stick to a budget. It’s helpful only to bring cash, leave your cards at home, and stick to a list. In this way, you won’t make any unplanned purchases that you may regret later.

Until next time,

 

shop, shopping, budget

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