On our way to $10,000 dollars.
This is our second bi-weekly deposit.
This week deposit $475, giving you a grand total of $750.
Week 2! So of course after my first post about starting this journey to financial freedom, apartment management decides to do construction on our home. The whole process has been a nightmare but almost over. Kicking off this path, started off with having to eat out and watching our money that was spent on groceries be thrown in the trash. So much for practicing being frugal. This whole process put a damper on things but like any low point there’s high points. The high was that on the same day, Valentine’s Day, my account was hit with two direct deposits from my tax return and profit sharing. The old me would have gone HAM on shopping and buying things I really don’t need. This time around, I was able to pay off a credit card and have the rest sitting in a savings account.
This post is going to focus on frugalness and the start of replacing bad habits with better habits. So what does it mean to be frugal?
Using what you need and spending only on what will be used. There are hundreds of ways to be frugal, some seem reasonable and others seem a little drastic. Three habits that I am trying to really strengthen are 1. shopping less – reusing more, 2. eating out less, and 3. Making shopping lists.
Shop less, Reuse more: At some point in my life when I was much younger, I had this notion in my head that re-wearing the same outfit was a no-no. I needed a new top, accessory, shoes, or a whole new outfit. Didn’t matter what the occasion was, there was something new to buy. This has been my mentality up until recently. Every trip I went on I needed new everything. I spent more on new clothes and random things than on my actual trips. It’s honestly insane. Slowly but surely I am starting to restyle my favorite pieces and purge out what I don’t wear. So far I have gotten rid of 5 bags of clothes and a box of shoes, and there’s still so much that I need to let go of. I have a trip coming up soon, and it’s a little unsettling but refreshing at the same time, knowing that I don’t need to do any shopping for it. I have what I need!
Home Cooked Meals: The one thing I hated hearing growing up, “No, there’s food at home”. My siblings and I would get so upset and tell my parents, “we don’t want that!”. The nerve! Lol. Now that’s all I want when I am home is my parents and grandparents’ home cooking. Living in San Francisco is a catch 22. We are abundant mom&pop restaurants and cafes, yet you find yourself eating a 17 dollar sandwich that doesn’t come with a drink or chips. Eating out in the city adds up very quickly, and sadly the more healthy, the more expensive. I’ve always been good and bring lunch or snacks with me to work, but when the weekend comes, there’s hardly ever home cooking. Gavin and I sat down and decided we can pick two meals each weekend to eat out for; date night and breakfast. We did just that this weekend bd were taken back a little looking at how much we saved. We are now going to remind ourselves and each other, THERE’S FOOD AT HOME!
Making Shopping Lists: Something to help my impulsive shopping is making a list. Get the thought out of my head and onto my Notes on my phone. This allows me to think about it, imagine it and if after some time if it’s still on my list, I’ll make the purchase. Listing also helps me stay focused when thrifting. I love to thrift and sometimes it has the possibility of getting out of hand. Pinterest is also a great way to find different ways to an item I may be thinking of purchasing. For example, I saw a pair of salmon colored pants and I loved the color but thought, how many times can I really wear these. Later that day I was on Pinterest and searched for “pink pants outfits” , and I saw so 5 ways to wear this color of pants. I added these to my list and thought, if they’re available in a week, I’ll get them. This past weekend, while in downtown there they were and in my size, I got them.
Try to implement these practices in your life if you haven’t done so already. You’ll start to see a difference in your accounts and begin to feel confident that you, like many, can reach financial independence!