The 21 day financial fast ended on Feb. 15. I failed, but not as miserably as I'd thought. It helped that for a good chunk of time either we didn't have internet, or access to the outside world. I managed to stretch some of the definitions of "necessity" like ordering wool socks for MoBob online (cheap) and buying food. I found that I spend a lot of time browsing, either online or in-store, out of sheer boredom. I'd say 80% of the time I didn't buy and left whatever items in the real or virtual shopping cart. I caved in on some things, but at least they were things that I'd been thinking about for at least a month, or really felt I needed.
Case in point: It's been an ongoing project of mine to learn how to bake bread, and I figured the dough whisk was much cheaper and took up less space than a Kitchen Aid stand mixer. So I ordered it. And waited til after the 15th.
I'd like to do this again, but I have to admit, it felt good to buy stuff again. Not going overboard, of course.
I think this is great. We've considered not buying clothing for a year. Of course, if I go back to work, I may have to invest in a few things but since October (I think?) we've only gotten one shirt for $8. That's it. No socks, undies, other tops, pants, nothing. It really helps to discipline ourselves.
Edited at 2010-02-17 08:32 pm (UTC)
What inspired you to do the fast? I think I may have an unhealthy relationship with money. I like it and I like to spend it. Sometimes with need and sometimes needlessly. But I really like purses. And shoes. And yarn and beads and books...
Here's the original article that motivated me:
I also have a distorted relationship with money. I love to shop, although I don't have expensive tastes. I definitely have hoarding tendencies!
I can honestly say the only things I hoard are my jewelry making supplies. But I have no problem donating clothes, shoes, jackets, purses, etc. that don't fit anymore or I've not used.
For me the thrill is finding a really good bargain. Specifically a name brand bargain. I have to stay away from TJ Maxx as much as possible. Luckily, my husband and I have created a way to limit our non-necessity spending so that we each have a certain amount (the same amount each) to spend and when we spend it, it's gone. It's worked really well for us. We've paid down a lot of our bills and gotten a good budget together.
But my "allowance" does not last very long *lol*!
Yeah, we have a budget in Excel in which all of our bills are listed and how much each cost in total and what we are going to pay each month and the due date. Then we also give ourselves a set allowance per paycheck. I recently bought a camera, so half of my allowance every other paycheck goes to pay off the camera.
Having that allowance helps both my husband and I stay on track. We were both really awful spenders when we were younger, now we're taking care of business and taking care of ourselves. It's good.