I’m usually one of those people who makes plans, but the other day I made a spontaneous decision and I feel like I need to tell you about it because if I don’t then no one will know and I’ll just back out of it and it will never happen. After reading a post from Fern at The Fern Life’s decision to cut back on her Kmart spending, I’ve decided that I’m going to join her in taking on the Frugal February challenge. I’ve decided that I’m not going to spend any money this month that doesn’t need to be spent.
The thing is, my spending has gotten a little bit out of control lately. I looked at my bank statement the other day and realised I’ve been spending little bits here and there … and they really add up! I’ve been frittering money away and after sitting down with my calculator and bank statement, quite frankly I’m embarrassed. I just worked out that in the last six weeks I’ve spent almost $700 on things I don’t really need. How did this happen? I’m supposed to be on a tight budget and meant to be saving money. At this rate I’m never going to be able to afford a deposit for a house and I’ll be stuck in my dreary flat FOREVER. Oh hell no, this is ridiculous. I don’t even know where I got a spare $700 from for goodness sake.
This is the month I’m wiping the slate clean and getting serious about saving money. And to do that, I need to be a bit more frugal with my spending.
This month, there will be no visits to Kmart to get cute homewares. No trips down to the village to grab coffee. No shopping online in the middle of the night to buy yet another top that looks the same as three I already own (I’m looking at you, ASOS). No visits to the nail salon. No ordering pizza because I can’t be bothered cooking…
Instead, I’m going to be doing a wardrobe clearout and cooking at home. I’m going to make my own coffee. I’m going to be going through all the things that I’ve been wanting to clear out around my house for ages and either selling them, binning them or donating them to charity. I’m pretty sure that’s going to make it really apparent that I have been buying a lot of things that I really don’t need (actually, that’s already obvious!).
This no spending thing isn’t going to be forever, just for a month. I want to make sure I’m really thinking about where my money goes and living within my budget. Especially if it turns out I’ve got an extra $700 a month that I could be spending on rad clothes or saving for my dream house! The bonus of this for you is that I’ll be able to share any tips I pick up along the way and I’ll be thinking more about how to have a fabulous wardrobe while being on a budget, is that something you would want to know about?
If anyone wants to join me, let me know!
I can tell I’m going to need all the support I can get.