Income saved: 10%
Amount earned through selling possessions: £165.37
Belief in myself to complete this project: 65%
So it turns out you guys like this idea! My first post outlining my plans, to spend less and live more, was one of my most visited posts EVER, so thank you! I had an unbelievably positive reaction to the post, which gave me so much encouragement and belief in myself to complete this project.
I have now completed the first month and am raring to go with the second. Now that I have got to grips with with what I know I will need and what I know I don’t need, I thought I would share in a bit more detail how this works.
Upon setting out on this no-spend year, I drew up 2 lists. One of the lists is items I know we will need (or have already set our hearts on) over the coming year, and one list of day-to-day things that we will still need to buy and are allowed to spend money on. These lists have taken a bit of tweaking, not just with adding a couple of approved items, but also taking away things that, actually, just aren’t needed. It is because of these reasons that I didn’t share the lists on my original post, as I knew they would take some work to get right. I figured that now, if I think of something I want to add to the approved list, it has been a month without me thinking of it, so do I really need it? Probably not. Therefore, it can wait.
- Redo of Lyla’s bedroom
- A couple of accessories for downstairs loo makeover (BOUGHT)
- Paint for kitchen
- Plants for garden
- Country2Country tickets and hotel
- NFL tickets (BOUGHT)
- Marathon entries for Callum
- Ironing board
- 2 x summer dresses
- 1 x summer skirt
- 1 x dress and shoes for weddings
- 1 x bra
- Pants (how exciting..)
- Saltwater sandals
- NFL Jersey
What we are allowed to spend money on
- Travel and family days out
- Replacement electronics – only if completely required
- Replacement toiletries and make-up – only if completely empty and must buy at an equivalent (or lesser) value of original
- Replacement household cleaning products
- Gifts and cards for others
- Essentials for the girls – occasional toys, books, clothes, shoes
- Occasional meals out
It’s as simple as that! It has already made me much more accountable of my spending and given me that extra kick up the bum to resist a take-out coffee, or lunch on the go.
Finally, I had a huge clear-out at home, and I mean huge. So far we have got rid of 4 black bin bags of rubbish, a huge load was delivered to the charity shop, and I have sold a large amount through my local Facebook selling site and on eBay. Every pound adds up and is all a contribution to our savings.
I am so proud of my progress so far, and how it is making me feel by not spending. This month was a very basic month for me in terms of wages so to have been able to save anything is an amazing start. We (when I say we, I mean Callum) spent out on one of the approved items in the first month, and then I dropped my phone which meant paying the excess on our insurance for a new one, which was unexpected and very annoying! And, of course, quite a few toiletries needed replacing which I found myself getting grumpy about! We also did a mini makeover of the downstairs loo, plus Daisy needed some new Clark’s shoes. The hardest part? We REALLY wanted fish & chips one night, but we didn’t NEED it. I made us resist and it may only have been £10 saved, but its still £10 we didn’t need to spend!
We have a family holiday this month which may prove tricky; travel and family time are things we are allowed to spend money on, but I know I will definitely be more sensible in terms of eating out and spending out on things that we could go without, I’m ready for the test…
Read my original post here.
Buy the book that inspired this project here.