I just read A Year of Less by Cait Flanders, and I loved it. I originally picked it up because I love books on minimalism and clearing clutter, but this one is truly about money, not clutter. I didn’t know I needed it, but I did.
She put into place a spending ban for a year, and her whole life changed.
I’m going to do something similar in 2019, and here are my personal rules (subject to change! but not at a whim so that I can buy a new blender or something):
MY BUYING LESS RULES
Do Buy:
- Consumables that I regularly use like food, vitamins, cosmetics (only eyeliner, mascara and lipstick of the kind I use now), shampoo, cleaning products, etc, only replacing what I run out of, no trying new products.
- Objects I use that need replacing (after trying to fix, borrow, or get secondhand).
- Gifts for others
- Travel expenses, including vacation if we take one
- Work expenses, including Patreon experiments
- Meals out (or delivered), no more than once every two weeks
Do not buy:
- Clothes, shoes, accessories.
- Books, magazines, notebooks, etc. (I have enough of all of these, and the amazing Oakland library will order almost anything I request if it doesn’t have it already.)
- Yarn, fabric, craft supplies, art supplies.
- Household items, decor, appliances. (This is where I spend the most. I justify that it’s for “us.”)
- Electronics.
(On this list, I can replace what wears out/breaks if it’s regularly used and I can’t fix or borrow a replacement. I will look for a used replacement first from a thrift store or CL. This includes the very remote possibility I use up all my yarn and/or fabric. HA. As if.)
Wobble Zone:
Things that I suddenly believe I need (not just want) that I’ve never had before. I will put these into a 30-day time out zone. If I still want them 30 days later just as fervently, I might purchase them new after making sure I can’t get them used. I AM NOT A SAINT, PEOPLE.
My goal:
Ever since I quit my day job in 2016, my goal has been not to dip into our emergency savings. Breaking even was what I wanted for the first few years. But this year we have $3k less than we did when the year started. Unacceptable! I want to save for a rainy day. Our 90k debt (oh, yes, friends, I do understand if you’re in deep debt) is gone, accomplished by working two jobs for 8 years (so together we had three jobs and threw all our money at the debt). Now, once we’re done building a six-month emergency savings (currently only at 2.5 months), I want to put money away for our retirement.
How I’ll do it:
I’m moving $250/month to that savings now, as of this month. That will make up that $3k loss. Everything I want to buy and think I would have bought in 2018 and do not buy, I get to put that money in savings. Woo! Seriously, I’m excited about doing that!
I’ll be writing about this process for my Patreon essays this year, as I seek less of a material focus in my life and put more focus on mental, emotional, and spiritual growth. I’m going to be exploring weird things I don’t understand or believe in, for fun. I tried to look at that shelf in B&N last night and could barely handle it. CRYSTALS, REALLY? Oh! I’m allowed to spend money on this pursuit, like palm readings or astrologers, etc. The book is tentatively called Woo!
Oh! Lala is not in on this, nor am I trying to make her jump on board. She makes way more money than I do. I don’t get to make her rules.
I AM REALLY EXCITED ABOUT THIS.
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