WHAT'S HOT RIGHT NOW:

  • Enter to win Musselman's Apple Sauce!
  • Check out all of the new Coupons.com coupons!
  • Register with Kellogg's for access to exclusive Kellogg's coupons.
  • Sign up for a free year-long online quilting class at Craftsy's Block of the Month.

  • How much discretionary spending do you plan for each month?

    So I mentioned previously that we spent about $500 less than we usually do by not buying things just because they’re a great deal. And I know that can seem like a crazy number for impulse purchases, so I wanted to explain that this includes things like diapers on sale and stocking up on things we already have plenty of at home.

    I was shocked to see how those numbers add up. After all, my “impulse” purchases are often for practical things. Yet I talked myself out of buying clothes for the boys. I talked myself out of buying things on clearance that I might be able to use, including toys that might have been good birthday gifts. I didn’t buy things that caught my eye just because “it would be nice to have them on hand.” And my menu planning also helped to ensure that I didn’t buy much that I wasn’t going to use.

    I have also made it a priority to declutter my house, and so I try not to bring in things that aren’t consumable. That certainly helps keep purchases down as well. It now seems realistic that I can decrease my discretionary spending by at least $250 per month. I can certainly think of many other things to do with that $250 per month – not least of which is to add it to our new car fund!

    Related posts:

    1. February: Month of the All-Cash Spending Experiment
    2. Should you use an all-cash spending plan?
    3. Five Tips To Make Your Spending Plan (aka Budget) Work For You
    4. The All Cash Spending Experiment is about to begin
    5. The All Cash Spending Experiment is over (yes, already)

    Speak Your Mind

    *