My new “lean” spending scheme is doing well 🙂
I have a tighter budget implemented in the last few weeks, not because I have to but because I was curious about how much more I could not spend.
I have been thinking for some time; how much more expenses, in reality, can be cut?
I am thinking; if it comes to it, I may cancel my internet and phone services, but I will not do that right now. I can cut out my hair or stop have it cut for sometime rather than going to a hair dresser, but I will not do that, either. I can focus more on growing my veggies at home during the winter and in my yard during the summer. I can forgo eating fresh produce and rather focus on whatever is cheap, but I will not do this. I can stop using electricity/power unless it is extremely required, but I will not do that, either.
You have got the idea.
It is usually possible to find areas to save more. I wanted to give this a try with a super-duper lean spending month, which I had originally scheduled for February. But I said to myself “what is the use of waiting”” and I started it a few days after the new year. It has been an interesting exercise so far. I basically only aim to make expenses which are necessary (such as bus fare and food). But I also allow myself to have one item per week to pamper myself (like my peanut butter I enjoyed last week 🙂 ). And, my friends – it is working: I am spending much less than before. Not sure how long I can continue with such a tight budget, but knowing that I am capable of doing it is a great feeling 🙂
Here is the account for this past week under the duper lean spending month plan:
Weekly allowance: $120
Expenses related to the weekly allowance (grocery, breakfast/coffee at the cafe, cab rides- if ever, and other little miscellaneous expenses): $58
Fun funds saved this week: $120 – $58 = $62
Total fun funds accumulated so far in 2017: $322 (yay! )
Other expenses: $0 (a miracle! 🙂 )
Savings from would-be-expenses: $44.5 (these are the expenses I would normally do, but decided not to – I am proud of these 🙂 )
*Pantry/freezer treasures enjoyed: soup and bread
*I am noting this because a while ago I decided that I needed to use the food I stocked up in my pantry as well as the freezer (this will hopefully help with my savings as well as limiting my food waste). By recording this activity here I hope to keep doing so.
So; not bad my friends 🙂
And I am very excited to state this that I have made my first mortgage pre-payment today using my saved dollars; it may be a small amount but it was a great start!
happy savings 🙂