Welcome to April 2016!
This year is absolutely flying by, right? At the end of February I wrote THIS BLOG about how I wanted to limit my credit card spending, in hopes it makes me more mindful about my spending, budgets, and cash flow.
Our household budget is broken into two parts. We have a “Joint” budget and we each have “Individual” budgets. Richard and I fully understand that a marriage is a partnership and ‘what’s yours is mine and mine is yours’ but a few years ago we started to talk about each other’s spending habits because we spent entirely from our joint account, where the other could track where our money went. Example: Did you really NEED that new pair of shoes? Did you really NEED to buy that video game? Etc. Money is usually a big stress on marriages, so we decided to eliminate those conversations entirely.
My “cash only” budget this month was for my personal spending… I have a budget that I follow for this too because otherwise all of my money would be spent at Sephora.
Here’s how I did…. I only used my credit card THREE TIMES! I bought new skincare products from Sephora (Clinique’s City Block Sunscreen and Peter Thomas Roth Complexion Correction Pads), a movie on VUDU.com, and my monthly Spotify Premium Subscription. Notice that all three transactions were online. I didn’t want to use cash at a Sephora store because the samples and product selection are better for online, VUDU was purchased through my ROKU, and Spotify is just a rolling monthly payment (which I might cancel anyways).
Limiting my credit use really helped me limit my spending. Something about seeing the cash in my wallet and telling myself “Girl, this is all you’ve GOT” was very humbling.
I went shopping with my good friend Aparna for a new shirt and I only brought $40 in cash with me. That money had to cover dinner ($17) and whatever clothes I wanted to buy. We were at H&M and there were three shirts I was deciding on, but I didn’t haven’t the cash for all three so I picked the one I loved most (Graphic Print Cactus Pullover, natch) and put the other two back. The credit card using me would say “F**k it, I’m getting all three! I’m a badass b***h!”
Another benefit… checkout is SO much faster. I was in line at Nordstrom Rack and the lady ahead of me had issues using her debit card. The store’s chip reader wasn’t picking up that she was using debit, not credit… She was there for 15+ minutes. When it was my turn to check out, I handed over a $20, got some change, and off I went!
I finished March with $3 left in my pocket and I didn’t overspend, so I think this little experiment has been a success.
Is limiting or eliminating credit cards something you’d ever try? What is your favourite Sephora skincare products? Leave a comment & let me know! xoxo