One Month of Less – April 2018

2 May

As you know, if you’ve read my post/review of The Year of Less by Cait Flanders, that I read the book and thought it was an amazing idea.  So how did I do during my first month of attempting to buy less?  Lets take a look.

One thing that really skewed my numbers this month (not that you have anything to compare it to) was that I got my tax refund back which I did enter in my Spending Tracker app as income.  I promptly transferred both refunds into my savings account, at least for now.  I seriously thought on how to handle my refund and figured I had at least two smart options.  One option would be to leave it in my account until the end of the month and divide it into my normal three categories (savings, investments, and extra house payment) for my “leftover” money.  The second option, which I chose, was to just throw it all into savings for now.  So, my savings percentage is crazy high for April…not that I’m complaining.  It definitely helped to replenish what I spent on my upcoming vacation and more so that was nice.

Ok, so here’s where I spent my money (in percentages):

  • Savings 53.36%
  • Mortgage 14.46%
  • Extra House Payment 7.55%
  • Investments 7.55%
  • Food 2.64%
  • Eating Out 2.42%
  • Crafts 1.84%
  • Yarn 1.35%
  • Water/Sewer/Garbage 1.31%
  • Dog/Vet 1.25%
  • Work 1.00%
  • Internet Service 0.74%
  • Car Insurance 0.71%
  • Knitting 0.61%
  • Natural Gas 0.59%
  • Gym 0.59%
  • Fuel 0.58%
  • Phone 0.58%
  • Electricity 0.43%
  • Home 0.12%
  • Contacts 0.10%
  • Medication 0.09%
  • Fitbit 0.07%
  • Coffee 0.06%

I’m super happy about the fact that I saved and/or invested a total of 68.46% of my “income” for April but I know that this number is not achievable for me every month.  Too bad I don’t get tax returns every month.  That would be amazing.

Ok, so you’ve heard the good, lets take a look at some of the less than good.  As you can see, I spent just about as much money eating out as I did on buying food to prepare at home.  I have been much better about eating and cooking at home than eating out this past month but I think I can do better.  

Another thing that I tend to struggle with is the amount of money I spend on my crafty hobbies.  I will say that being crafty is what helps me stay sane and I enjoy it so it’s never going to go away, but I did spend more than I normally would have on supplies in April.  Part of that is due to the fact that I started a new hobby/craft in April and that was learning how to spin fiber into yarn.  So, I obviously needed some supplies which included a drop spindle and some fiber for spinning.  I did go a bit overboard with fiber and am realizing I’m having a hard time taking a step back from buying all the pretty things after letting myself get a bit out of hand.  I really need to stop and spin what I have and decide if it’s something I want to keep doing before I go and buy a bunch, and see if I’m any good at it.  There’s not much sense in keeping spinning if I’m making something I can’t use to knit/crochet with.  In the back of my mind I’m already thinking about the fact that I want to buy a spinning wheel but that is a decision for another day.  They run easily $1,000 and that doesn’t include all of the accessories I would need.  Sounds like my tax refund will come in handy if that’s what I decide to do in the future.

Another thing I have not done at all is to get rid of belongings.  Is it bad that I think if I just don’t buy more I’ll be ok?  I know deep down that this isn’t right but I just don’t feel up to the task of going through all of my crap…yet.  It will happen I’m sure.  One thing I need to go through, like last week, is the kitchen cupboard that has all of my cookware in it.  I open the doors and pots and pans literally jump out at me and it drives me crazy.  

So my goals for May are to still save as much as possible and to rein in my spending on crafting because I have a lot of supplies already.

Have you started your journey to less?  What steps did you take in April to change the way you spend money?

In case you missed it here is a link to my review of The Year of Less and also my post about the Spending Tracker I use.

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