January 14, 2017

UFM Challenge: Week 2 Recap

The second week of the UFM Challenge proved to be quite tough for me. I'm not sure if it was all the Facebook ads, or some feeling of inadequacy deep down, but I had multiple urges to shop for things I really didn't need. I found myself browsing more than I have been the past few months, and almost purchased a $265 grey wool coat plus a monthly outfit subscription. "15% off your first purchase!" "First outfit 50% off!" my computer screen flashed and I would think, what great deals! I need ALL THE THINGS!
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January 8, 2017

UFM Challenge: Week 1 Recap

It's been one week since I've decided to join fellow Frugalwood readers for the Uber Frugal Month Challenge. The goal is to reduce expenses as much as possible by cutting out all discretionary spending during the month of January. The idea is being "Uber Frugal" for a month will reset your spending habits, so that you only spend on items you truly need and consume less. Thus, you will prioritize items that bring real value to your life and cut out everything else that takes away from your life.
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January 5, 2017

My yearly spending summary and 2017 budget

Monthly spending report for 2016:

That is a screen shot of my spending in 2016 from my Mint.com account. We moved on March 1st to our current condo, so I think that's why February has the highest spending amount. We bought new furniture, and I went insane buying home decor. That also includes first and last month's rent as well as any fees and deposits we had to pay before getting our condo. I don't even know how I spent that much, but it's easy to go out of hand and lose control when you aren't paying attention.
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January 3, 2017

Monthly Budget Report: December 2016

I hope everyone had a safe and wonderful holiday! I haven't posted as much as I wanted to, but now that we are back to a regular schedule I plan to catch up.

This is my second time posting to my recurring series titled, "Monthly Budget Report", where I compare this month's spending with last month's, analyze this month's budget, and create a budget for next month. I use Mint (not affiliated) to keep track of all my accounts and transactions. I find Mint extremely helpful for someone like me who does not collect every receipt and write down everything I purchase. It keeps track of all my accounts, including investments, as well as my net worth and income.

Let's start by looking at what I spent my money on this month and how that compares to last month:
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December 19, 2016

Preparing for my "Uber Frugal January Challenge"




It's almost a brand new year! And a brand new year means brand new goals and obstacles to overcome in 2017. You can bet that most of my New Year’s Resolutions are financial, but they are only financial for more meaningful reasons. The reasons I have these goals are so that I can become a better person, and be closer and more present to the people in my life. I want to show more compassion, be more loving, live in the present, be healthier, and treat myself better because these are what truly make me happy. I no longer allow the things I buy to fill the void I have when I am feeling down, and so as a result I don't search for happiness in meaningless things. 

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