It’s a random Wednesday morning. I am sitting in the concierge lounge of a Marriott Hotel in Detroit, Michigan. On this morning I had a random thought … spend less.
To be honest it’s not so random. Before I left Atlanta, my garage looked like a warehouse (from all the shipments I have received this week). So much so that hubby had to “organize” all the boxes. Additionally, I analyzed my last Amex statement by category (by hand) last night to see where my money went and how many times I made purchases in each category. As an example, I have two (2) charges for gas, totaling $76.93 (not so bad). By stark contrast, I had thirty one (yes, 31) charges at Target totaling $1,771.37 with $428.11 in returns, bringing the total to $1,343,26. Yes, I know that when you order stuff online they sometimes will charge you multiple times for a single order (depending on where your items are shipping from). Also, most of those expenses are Christmas Decorating (mostly one-time in a new house); but, in my humble opinion that’s still WAAAYYY too much! 🤦🏽♀️
Side note: Not to go off of a tangent; but, I do use my American Express card for everything. I also pay it off every month so interest is not a concern.
So my general goal is to spend less. PeriodT! It’s way too easy for me to click a button and order something from Amazon and Target. That will stop. If I can just get a couple of categories under control my monthly financial analysis (that I often do not do) would look so much different! I have three (3) goals:
- Limit Target/Amazon purchases to one time a week (maximum). Ideally I should be able to get by with one or two times a month; but, baby steps… Fridays are the only day I will shop in Target. I am ditching Amazon for a while. I also deleted both apps from my phone.
- Spend $0 on paper and planning supplies. I have enough paper. I don’t need anymore.
- Actually pay attention to what I am being charged at the checkout counter (in any store) and review my bill! I cannot tell you how many times I walk out of a store with a basket full of goodies and have no idea what I paid. #smh
We Don’t Buy Things with Money, We Buy Them with Hours from our Life. read this
So that’s it for me! When is the last time you analyzed your spending? For me, it’s super easy because I put all my charges on one card. As we go into the holiday/shopping season (when I tend to view so many buying guides online), I highly encourage you to do a similar exercise on your most used account (if you have more than one). When you do so, set realistic goals for yourself. Your eyes will truly be opened for the better and your wallet/bank account will thank you!