My Spending Diet.

It's December. And, my bank account is starting to depress me (more than usual). Instead of waiting for the new year, I'm going to suck it up and start a Spending Diet now.

Over at AndThenWeSaved, Anna gives the guidelines and one of the first steps towards a Spending Diet is to determine things that you will actually have to spend money on. The Necessities.

My Necessities Are:
1) Car Payment.
2) Cell Phone bill.
3) Car Insurance
4) Gas
5) Prescriptions
6) Netflix (I know, not a necessity, but I would be lost without it and at the end of the day, the $8 I spend on it goes a long way).
7) Food*
8) Toiletries*

*This is why I'm lucky to live at home - I don't spend a ton of money on either of these usually, but I've included them just to be safe.

Aside from those 8 things I've listed above, my money isn't going anywhere else. (Another caveat, I still have to get my mom her birthday present).

My plan for all that money saved is to first - pay off my credit cards. Or, at least one of them and get the other one down to a reasonable amount.
After that, the rest of the money will go straight into my savings account at the end of every month.

And, I will be doing this until the end of 2013.**
**I totally intend on allowing myself some more leeway, but we'll get to that bridge when we come to it. 

Crazy. I know. But it's definitely worth it and it's necessary to get my finances back on track.

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Somehow Chaotic. : My Spending Diet.

Thursday, December 6, 2012

My Spending Diet.

It's December. And, my bank account is starting to depress me (more than usual). Instead of waiting for the new year, I'm going to suck it up and start a Spending Diet now.

Over at AndThenWeSaved, Anna gives the guidelines and one of the first steps towards a Spending Diet is to determine things that you will actually have to spend money on. The Necessities.

My Necessities Are:
1) Car Payment.
2) Cell Phone bill.
3) Car Insurance
4) Gas
5) Prescriptions
6) Netflix (I know, not a necessity, but I would be lost without it and at the end of the day, the $8 I spend on it goes a long way).
7) Food*
8) Toiletries*

*This is why I'm lucky to live at home - I don't spend a ton of money on either of these usually, but I've included them just to be safe.

Aside from those 8 things I've listed above, my money isn't going anywhere else. (Another caveat, I still have to get my mom her birthday present).

My plan for all that money saved is to first - pay off my credit cards. Or, at least one of them and get the other one down to a reasonable amount.
After that, the rest of the money will go straight into my savings account at the end of every month.

And, I will be doing this until the end of 2013.**
**I totally intend on allowing myself some more leeway, but we'll get to that bridge when we come to it. 

Crazy. I know. But it's definitely worth it and it's necessary to get my finances back on track.

Photobucket

Labels: , ,

6 Comments:

At December 6, 2012 at 12:42 PM , Blogger Kerry said...

It's awesome that you're starting a spending diet now. So many people wait until after the holidays and get into all kinds of muddles as a result. Good luck ... I'm rooting for you! xo

 
At December 6, 2012 at 5:08 PM , Blogger Kaileigh said...

Thanks Kerry! I still have some presents to get, but only for my mom, grandpa, and brother. Everyone else isn't getting anything. Haha.

 
At December 6, 2012 at 10:04 PM , Blogger Jennifer said...

Sounds a solid plan -- good luck!

 
At December 8, 2012 at 2:01 PM , Blogger Kaileigh said...

Thank you, Jennifer!

 
At December 11, 2012 at 4:01 PM , Blogger Eve Myers said...

I need to do this bad! I came over from the GFC Blog Hop! Glad I did, since I found this idea!

lovealwayseve.blogspot.com

 
At December 11, 2012 at 4:24 PM , Blogger Kaileigh said...

It's pretty hard, but I think in the long run, it will all be worth it. It's just super tough to start when I need to be buying presents for my family.
Thanks for stopping by!

 

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