This year I’ve decided to type up my New Year’s Resolutions in separate posts. I like to do a little bit of explaining when it comes to goals and this will help me elaborate each goal without writing a novel! ;)
Reduce my/our (sorry, Kyle) unnecessary spending.
The driving force behind this resolution is that I have been able to pay off debt by limiting our spending and paying off debt is one of the best feelings EVER! I checked my car off of the list back in June and my $30 grand of student loans will be DONEZO come the end of January if everything goes as planned.
We thankfully don’t have other debt (besides our mortgage) after my student loans have been paid off, but why not save our “extra” money for big item, fun things… Like remodeling our kitchen or putting in a pool/larger lanai or a trip to Europe? I’d much rather put my money toward these larger things than spend it on spur-of-the-moment, unnecessary splurges.
So, what do I consider unnecessary?
It totally depends!
Sometimes lunch out is NEEDED for my sanity, but most of the time it is an unnecessary expense.
That “sale” at the outlet mall? Yep, I most likely need to skip it unless I’ve been eyeing something for a LONG time or Dean has no clothes that fit ;)
My super expensive facial care line that I LOVE but that costs me $200+ every few months? *sniff, sniff* I don’t need it.
A pricey bottle of wine at our local liquor store? Maybe needed for a special occasion, but for most days, box wine does the job JUST fine.
Family dinner at a restaurant? HAHAHAHA – We always think this is a good idea UNTIL we sit down and Dean wants to run around. It’s much more pleasant to let him run around, jabbering up a storm at home while we make our own dinner (for a lot less money too!) than to stress about noise at a restaurant ;)
I LOVE a good mani/pedi so it pains me to say these are unnecessary, LOL. They are needed before a vacation or a fun girls’ day out, but (sadly) they are not needed weekly.
Weekly golfing trips during season. Sorry Kyle, not worth the crazy expensive price!
I would say that we already do a fairly good job of keeping our spending in check. I have a monthly budget Excel document that I update bi-weekly so we know where our money is going and can pull back if anything looks out of control. We also (normally) check in with each other prior to larger purchases.
I am excited to continue with this goal into 2017 and see what fun things we can do for our family with our savings!
What is one of your 2017 New Year’s Resolutions?