Something about late Spring always brings that fresh, bouncy feeling of determination. April was full of absolute gluttony in many ways… and I need to get my life back in track. Part of this is me actually, actively trying to get my health in order; another part… my fiscal health needs some work!
So, I’m going on another Low/No-Buy! I did this at the end of 2016 with some success, but I think I need to do it again to put some funds back into my savings accounts (especially as I plan on applying for graduate programs this year). During my first low/no-buy, I wrote out some rules- and this time around, I’m doing something very, very similar:
- No new purchases on non-essential (beauty + lifestyle) items. If I have to enter in CC info for anything- that’s a new purchase. If I have to go through any kind of “check out” process, that’s a new purchase.
- This means that beauty boxes I already sub to are okay to keep, but I do hope to think critically about them during this time to decide if they are worth keeping or not.
- If I absolutely run out of an item type that I do need, I can purchase a replacement- but it’s got to fit inside my budget.
- For July, I can earn my budget based on how well I do during May and June:
- If I sell any items, half of the earnings will go to my savings and the other half will go to July’s budget
- Going through my collection, destashing items, reviewing items, etc earns back portions of my budget as well.
- In addition, success in trying to get my health back on track will partially influence budget for July.
- And with regards to beauty-related presents- they still have a place within my budget, but the key word here is “budget.”
I know it’s already a few days into May, but I am happy to say I’ve been, following this no-buy really well. I’ve got all my bills paid off and I’m excited to build up my savings a bit more during these months.