Categories
Lifestyle

New Year’s Resolution: How to Budget and Actually Stick to it

It’s that time of the year again – time to make some goals and (hopefully) stick to them. I realized I have quite a few goals in mind for this year. 2017 was a huge year for me: got married, got a second puppy, left retail, started CrossFit, lost 20 pounds, posted non-singing related videos to YouTube…just to name a few highlights! I’ve felt more like “me” this year than I have in a very, very long time and it feels great. Now that I’ve had some down-time and an actual “Christmas Break”, I’ve been able to sit down and really think about what I want to accomplish this year. It is crazy how much your body needs decompression time. Time to just figure -ish out, without distractions.

While I have some lofty goals this year, one that I really want to tackle is more of a challenge. I’m going to challenge myself to have a No-Spend January and see how I do! Don’t worry – I’m not going to leave our household to go starving or without the necessities. But that’s just it – we’re only spending on things we absolutely need. Crazy, I know. Here’s some tips and strategies on how to knock this challenge out of the park!

1. Set a Budget

The most important part to this challenge is setting a budget and sticking to it. Make some ground rules for what you are willing to be flexible on and ensure (if there’s more than one of you doing this) that you both have set limits to what you can spend and on what category.

I made a list of negotiables and non-negotiables. This helped me prioritize what was actually a necessity and what was more of a luxury.

Then, I took the income that both my husband and I will be making for the month of January. We both get paid bi-weekly, so I made the budget based on what bills were due and how much money we needed to set aside for that.

Next came the groceries. Since we are both heading into the New Year with nutrition being our resolution, groceries are going to be a much easier budget to manage. I just purchased The Everything Guide to Macronutrients by Matt Dustin, that has so many great recipes. So the goal is to pick out recipes each week and only purchase the ingredients required. This is not only going to cut down on our food waste, but it’s going to keep us on track (both nutritionally and financially). This is what we are spending our money on this month:

  • Bills

  • Groceries

  • Pets (Yearly shots + food)

  • Transportation

Those are the only categories that we will be spending on this month! Scary. I know. But since we wrote down our list of priorities and we know within each other those categories how much we will be spending, we will be able to manage. Keeping the categories broad also helps to keep spending more flexible, which will be easier to stick to.

2. Eliminate Temptation

I’m the type of person that goes into the store for one thing and comes out with ten other things and forgets to get what I came into the store for in the first place. Sound familiar? I am soooo tempted by the shiny packaging or the feeling of a new piece of clothing. I will 100% convince myself that I need something – when I actually don’t. So to fight this, I’m going to be completely avoiding stores/malls all month long. Now that I’m out of retail, this is going to be easier for me than in the past.

I’m also going to go through and organize what I already own so that I have plenty of options. However, I’ve recently been ordering more and more from online and it’s so dangerous. To tackle this, I’m unsubscribing from email lists from stores that I love to shop at so that I won’t be tempted by a deal. Out of sight, out of mind kind of deal.

3. Make your own coffee

This has to be one of my worst habits. I really love lattes and fancy coffee drinks that are $$$$$$ expensive. That daily coffee adds up. Even if I switch to just regular coffee, the cost that I spend on coffee per month is embarrassing. I’m lucky enough to work in an office that has a pretty great kitchen and coffee is made every morning. If you don’t have that luxury, then grab some re-usable mugs (I purchased the Starbucks reusable cups and LOVE them – they are lightweight, and super inexpensive), brew some coffee in the morning and take it to go! Trust me, if you track how much you spend in one month on coffee, I know you’ll be shocked!

4. Bring your lunch!

There are so many amazing recipes and meal prep ideas for lunch now-a-days that there really isn’t any excuse not to bring your lunch. I realized that I was spending all of this money on groceries and then turning around and spending more money on more food. Not only were we being wasteful in spending extra money, we were being wasteful with our food, since what we didn’t eat in the fridge went straight to the garbage. Sometimes it feels weird being the only person at your work or school to bring food, but ultimately it is so much better for your wallet and for your body!

5. Cash, only.

Once you’ve set your budget, take out the cash you’ll be spending. This way you literally only have the cash that you have on you and will need to stick to your budget. For some reason, I am so much more conscious about how I am spending my money when it’s cash. The bigger the bill – the better! Anytime I would get money as gifts, it was always so much harder for me to spend larger bills, so I would ultimately just put them into a savings jar (a good habit, that I want to continue doing!).

 

It can seem really daunting not spending any money or sticking to a budget. I’m doing this because when I dug into the last 3 months of my spending – it was shocking. I was spending way too much money on things I did not need. This challenge is to really see what I can do with less and be happy with what I have right now.

What are some of your resolutions for the new year?

 

Categories
Decor Holidays

Budget Friendly Christmas Decor

It’s cold and rainy on this Saturday morning here in Toronto. All I want to do is snuggle in bed and watch YouTube videos all day; but I’m supposed to be putting up all of our Christmas decorations. I specifically book this weekend off work every year to do it, but I’m not quite in the mood. So to try to put me in the holiday spirit, I figured I would post my newest pieces that I added to our Christmas decorations this year. And the best part? All budget friendly and inexpensive!! I purchased everything below from the Dollarstore and Canadian Tire. I am really, really loving the Canvas collection from Canadian Tire. Year after year they come out with some classic pieces that are decent quality and for a great price.

Follow along below to see my favourite new pieces this year. I’ll be posting a full house tour in the coming weeks to show you how I decorate our apartment for the Holidays! So, stay tuned for that!

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This year we’re going for a farmhouse/rustic vibe with very little pops of red. I want the space to feel cozy with a ton of lights and more neutral metallic accents. Check out my Pinterest Board “Christmas 2017 Decor” for my inspiration.

The total for all of these decorations came under $40! You don’t have to spend a whole lot of money to achieve a festive atmosphere! Some Christmas music and good cheer go a long way!

Now that I’m feeling a little more inspired, I’m going to get started with my decor!

Merry Christmas and Happy Decorating!

lxiv