In the beginning of January I was freaking out about money and how I overspent in December. When I came across this post about joining other bloggers in a spending ban, I knew I had to get serious if I wanted to get back on the right track!
During the first week of January, I set out some budgeting goals for myself. Now I'm here to report back on how I did!
The rules for the spending ban were:
1) It lasts from January 1st-January 31st. I actually started my ban a little later, but only because I didn't know that this was going on earlier, so I'm not beating myself up over that. I guess I could have extended my ban for another week in February, but I think I would be setting myself up for failure on that one!
2) No impromptu outings that are not scheduled prior to 1/1. I did have some impromptu outings, but most of them involved going to the movies which did not cost me a cent since I am a manager at a theater and can get in free to anything that I want. That saved me. The only impromptu outing I had, was that this week I met up with one of my friends to go out to eat and to go to Bingo. (I looooove Bingo--I don't care that the average age of a Bingo player is probably 70!) I'm not really regretting that expenditure because unlike almost everyone else doing this ban, I did not pre-plan outings in the month of January, and I just felt like I had to get out and do something!!
3) No purchases that are not budget prior to 1/1. I realllly tried not to spend, but I did cheat a little....
*I signed up for this Valentine's Day Swap. It just looked like so much fun and plus it was hosted by Rachael and Ashliegh, so I just couldn't not sign up.
*This cardigan from Oakleigh Rose will be on its way to me...This is something I did not need and did not budget for. I could have done without it, but I could not resist it.
*I sponsored Kate's blog @ Another Clean Slate. I couldn't help this one--she just started offering ad space and she gave me a coupon code.
Overall: No, I was not perfect during this spending freeze, but I'm not going to give myself zero credit, either. Because of the way I limited my spending, I was able to open up a savings account this month! If I had just spent my money how I usually did, there would be no such account in existence. Now that I started the account, I'm hoping to add a little bit to it every month no matter how much (or little) I get paid. I don't think that I could keep up this spending freeze for another full month right in a row, but maybe I could do a spending freeze every other month?
This link up really did make me accountable for what I spent, and it helped me to save some dough. I think I would have done even better if I had talked to a lot of other gals who were participating in it while it was going on so that we could have talked each other out of spending.
Have you ever done a spending ban? How did you do?