So, how'd tracking your spending go? I know, I'm sorry! December isn't truly the month that you should be analyzing how much you're are spending per month, but I'm pretty sure it helped you to be a bit more shop-conscience, didn't it? Perhaps this is the reason that the new fiscal year starts in February and not in January when every one's returning their unwanted gifts. Now, be honest, you may have screamed "Oh, I love it!" Christmas morning, but stood in that long customer service line come January.
If you're able to restrict yourself and buy only what's on your Christmas list, well hats off to you. But, most of you bought a pair of shoes for yourself, a new outfit for the New Year - can't be caught on New Year's Day in an outfit from 2010, right? *side eye* Did you really need that outfit? Could you have gone to your closet and put something together? Or was it because you wanted new clothes and that just happened to catch your eye. Answering yes to the last question? In that case, we need to assess needs vs. wants!
Needs are your essentials for life, things that are imperative to you living day to day without confusion. Wants are things that would be nice to have, but can be done without. Think of it as a car.
I'm pretty sure you've seen the commercial where it says "total package shown." This refers to the things that have been added to the car such as a Bose Stereo, Leather Bucket Seats, 8 cylinder engine, tinted windows, sunroof, and heated seats just to name a few. Sounds luxurious, however, when the car comes from the manufacturer (unless your a millionaire and gave your specifics to the production plant) it doesn't include all of those things. It's simply a car with four doors that gets you from point a to point b. Quite frankly, isn't that all you need a car for!
So, this week start analyzing your needs vs. wants. What things do you need in order to live your life at the bare minimum, those are your needs. What things can you do without? This will be your wants. I admit, you may miss them at first, but the sacrifice you make now will only pay off later!
I'd love to hear about your needs vs. wants, please leave in the comment section!
~Bills: Rent, Gas, Electric, Water, Phone, Internet*
~Loans: separate from bills b/c it is!! School only, paid my car off in October
~Food: for both me and the animals
~Pet Supplies: cat litter and doggie toys
~Hair Products: really all I need is a clarifying shampoo and mayonnaise
~Shopping of any sort not related to food
~Recreational activities: going to movies, eating out, etc.
*can be considered a want, but then how would we stay in contact??? :)