This post is by Chelsea who is currently doing a Spending Fast®.
My second month of being on a Spending Fast has come to an end and I must admit that I am thankful. During the first month I was all like, “Woo, look at me! I’m saving money and being awesome.” This month has been more like, “Ugh, I really want to buy nail polish and chocolate and wine and this whole not spending thing sucks.”
I know that by writing about my journey through And Then We Saved and on my personal site, I have been able to stick with my commitment. It is so tempting to cheat and buy something small every once in a while, but knowing I will have to report back on my progress has helped tremendously. I am an extremist by nature and often get pumped up about doing things and then burn out almost immediately. I jumped into the Spending Fast with the notion that I was unstoppable and could do anything. After eating cold soup (no microwave at work) and cracker sandwiches for lunch, the idea of being on a Spending Fast has become a reality. I am so grateful to receive motivation and encouragement from all the readers who share similar experiences. It’s comforting to know I am not alone.
All that being said, it’ s time to report my month two totals. Drum roll please…
My Month Two Spending Fast Totals…
I have put $50.00 into savings and paid $253.35 towards my debt. (Putting money into savings while paying off debt is something different than what Anna did when she did her Spending Fast. She paid off all of her debt before putting money into savings because as she says, “she couldn’t help but want to spend the money that was in savings”.)
That brings my total debt down to $23,514.05!
I have around $1,900 left on my credit card and the remaining is student loan debt.
Although this month didn’t produce quite the amount of money that month one did, I am grateful to see my savings account coming to life and my debt shrinking. Only two months ago I was over 90 days behind on my credit card payment! And now, in only 60 days, I have paid over $1,400 towards my debt!
Reflecting on my progress has created a renewed passion for this Spending Fast journey. I have money coming this month from my envelope addressing shenanigans as well as money pending from eBay sales. I am excited to find ways to meet my goals for this month and share my experiences with you.
Oh hello Month Three, you’re looking quite promising.
How are your savings goals shaping up?
Chelsea Overton is in the midst of her Spending Fast® and writes about it from North Caroling with her bulldog, Xena, and boyfriend by her side.