I know, I know. What’s the point of a goal post halfway through October? To remind myself to set some damn goals already!
September was a busy month for me and I didn’t actually set any goals for that month. I mentioned in my EF completion post that I wanted to take it easy a little bit on the savings front, to just have some fun with my money, and relax. Believe me, I’ve definitely done that. I finally purchased my computer (which I’m using right now to write this post! It’s bee-yoo-ti-ful), and I hit up Holt Renfrew for some retail therapy (also saved up for) a few weeks ago. I took a week off work and visited friends and family on the West Coast last week, and it was wonderful.
And! I got a raise.
Which means I will now be adjusting my biweekly savings deductions to reflect my difference in pay. If I don’t set them up now, then I’m never going to set them up and I’ll just find other ways to spend the money (hello lifestyle inflation!). And, automatic savings is what kept me saving for my Emergency Fund for the past couple of years. Learn to live without the money now, and you’ll be much better off in the future.
My new automatic savings deductions are as follows:
- TFSA (formerly EF! Sniffle): $192.30
- Travel: $82.70
- RRSP: $25 (this is in addition to my RRSP contribution from my paycheque)
Which means I’m saving a grand total of $300/paycheque (I had to make it an even number). And anything leftover goes into my AppleSavings account (for an iPhone 5 my contract is up in 5 months!), and a Christmas account. I guess technically this could be framed as a goal for November, since it’s not starting right away, but at least I’ve set it up! I don’t know if I can do this, but I’m going to try. Really hard. And if I fall flat on my face, well… I’ll write about it. Just for you.
What are your October goals? Since it’s halfway through October already (!!), how are you doing with them?
This is how excited about saving money I get – I make a reference to a sport I don’t even watch. It’s crazy that this time last year I didn’t really have any financial goals other than to save my emergency fund, and I certainly wasn’t saving for more than one thing at a time. Here’s my update on my goals and their progress so far. A few of these goals will be complete with my next pay, which coincidentally enough is the day after my one year blogiversary!
Goal: $9,000 Saved: $8,885.23, 98% (!!!) – I’m the most excited for this to be completely funded. I’ve had this goal for almost two years.
Goal: $2,500 Saved: $982.25, 39% – my mom and I are planning a trip to NYC next fall and I’m hoping to have this goal completed by about June 2013 in order to buy flights or put down cash deposits.
Goal: $1,783.95 Saved: $1,486.72, 83%
I’m so close to finishing off these goals I can feel it. However, I know it’s going to be a huge step to actually spend the money on its intended use. Are you close to finishing any goals?
There are two problems I am constantly looking to solve in my beauty routine:
- Oily/Acne prone skin
- Fine, limp hair
What sometimes triggers my binge-shopping is that I’ll buy something from a certain product line for one of these problems, like it, and then decide that I need every other item from that product line so they can work together and make me look and feel awesome. This helps me justify almost any purchase.
I also obey rules, so when something says “this works best when you use [insert other product from same line] here”, I tell myself that whatever product I’m using is clearly suboptimal without its counterparts from the same line.
Previous product line obsessions include Bioderma, Korres, Bumble & Bumble and most recently, Lush.
In order to keep myself in check, I’ve decided no more trying new product lines for the foreseeable future. I can still tweak my current regimen (I may need to try a different Lush moisturizer and facewash combo, but those will be exchanges), but I’m not allowed to try anything new for the month of June. I have SO MUCH hair and face stuff! I do NOT need any more (what you can’t see in that picture is that I have another cabinet full of hair and beautification products).
Is there anything you can’t resist spending your money on? Do you bulk-buy certain product lines?
This is kind of a hard post to write. I was laying awake a few nights ago feeling guilty about my most recent spending binge, and as I tend to do, I started snowballing. Eventually, I came to the realization that my spending is symptomatic of how I’m feeling in my personal life. I’m living above my means
. I have money in my savings and will use it (along with my fun fund, because lord knows I had a lot of fun buying the stuff) to cover the gap, but the fact remains that I’m not actually spending within my paycheque constraints at the moment. I can’t handle the tightness in my chest anymore. I need to relax, and the way to do that is with a spending plan and some self-control. I received overtime pay from October to March, had a three-paycheque month in May, got my tax refund, and received my retroactive pay. There’s no more additional money coming in beyond my paycheques, and I need to check myself before I wreck myself. That’s not to say I didn’t use the extra money for my savings, but I definitely spent a lot of it too. I believe in using your money to have fun and live a little, but when it comes at the expense of other savings goals, then you have a problem. Continue reading
April 22: $41.70 groceries, $68.25 cell phone, $70.88 RW&Co, $67.20 Sephora, $24. 15 refunded from the Bay, $17.29 Safeway.
April 23: No spend day.
April 24: $4.73 Rogers.
April 25: No spend day.
April 26: No spend day.
April 27: No spend day.
April 28: $23 Milestones, $12.99 movie ticket, $10 concessions, $10.57 Press’d, $15 Marble Slab.
Grand total: $317.46
Hmmm, looks like I spent mostly on the weekend days this week. I managed to bring lunch to work every day this week, which makes me happy. I have one return to make to RW&Co, but I bought a gorgeous shirt from them for $45 which was completely worth it to me.
Obviously, my shopping ban is out the window. I feel like shopping bans are like diets – if you cut everything out and don’t allow yourself treats in moderation, you’re going to binge. I binged. Like crazy. So I’m going to allow myself non-essential purchases in moderation from now on, as it’s better for my spending habits.
And it’s almost May so I have a few days to complete (or completely fail at) my goals for April. How was your spending this week?