First Month Success!
Okay, so this post is about 3 weeks overdue. My first month of serious budgeting, which I’m calling my Austerity Adventure, ended on March 31st. To recap, I have embarked on an adventure in saving money via making and sticking to a tight budget which all but eliminates frivolities and requires meticulous planning. I have several goals (which you can read about here), but mainly I want to build my Emergency Savings fund back to $1000, save $1000 for my trip to Iceland in September, and pay off my credit card balance. In March, that meant putting $500, 25% of my income, into savings. And guess what?
I did it!
- I stuck to my budget! I didn’t buy anything that was outside of my plans. Well, I did overspend on groceries and eating out, but I also…
- Sold a couple of things that I no longer needed. I sold an air filter from my old office to a coworker, and a pair of shoes to a friend of a friend. And I sold a painting!
- I shopped strategically. For instance, I only bought groceries that I would be using immediately (which is really tough at places like Costco, which encourage buying in bulk), compared prices across stores, and bought foods that were on sale. I also didn’t buy anything I could easily make at home for less money (hummus, almond butter, bean salad).
- I also spent my art supply allowance (which I consider a need) on fabric I found at the Scrap Exchange, a local reuse store. Now I have a seriously major fabric stash that includes inexpensive but beautiful fabrics I can use as wearable muslins, thereby saving more expensive fabrics for tried-and-true patterns.
- I decided not to renew my yoga teacher insurance for now, since I am taking a break from teaching.
- I finally cancelled a gym membership I hadn’t been using. This one’s a no-brainer. I had the account on hold for the last 6 months but kept putting off cancelling it until I finally got billed again! Oops.
- I did free things, or didn’t do not-free things.
I’ll admit, it wasn’t easy. I forgot to skip a CSA delivery and got into a habit of buying the same junk foods every time I went shopping, which put me over my grocery budget. My old running shoes finally gave up the ghost and I had to get new ones. Also, I had drinks one night with friends. I hadn’t had a chance to really celebrate my new job so I caved and had a really great time. If I hadn’t sold the painting and shoes, I definitely would not have met my austerity goals.
My April has been a whole other adventure, let me tell you! There hasn’t been a ton of austerity going on. I have been focusing on keeping my grocery spending within budget and doing great so far. There have been some other developments, though. I’ll get to that next time.
Until then, tell me: what do you do to save money? Make more? Spend less? Anything you refuse to cut out of your budget?