I’m over halfway through my Spending Diet! At this point, I’d love to tell you all how wonderful it feels to have saved $7,600, but January had me in a slump. I managed to save my goal of $1,000, but I got paid early in December and I kept thinking I had more money than I actually did.
For some reason I also schedule all my doctor, dentist and my dog’s vet appointments for the beginning of the year. I don’t know why I do that, they all seem to just fall on the same month. I’m so lucky to have insurance, but a $30 dollar doctor’s appointment, a $50 dentist appointment for my husband and myself and a $235 vet appointment adds up quickly. And although I was bummed to spend over $300 on preventative care, I know that preventative care is just that–preventative and may help me save on medical care in the long run.
This month I also went back to having just one full-time gig. I had taken on teaching a course in the fall at the community college where I work and I had earned a bit of extra money each month for it. I really enjoyed empowering my class with my infinite wisdom (ha!), but the stipend was very low and I am currently planning a conference at my full time gig. I just didn’t feel I had the time or sanity to take on both. With the stress that comes with planning a large-scale event, I’m also preemptively worried that when things get too stressful, I’ll spend, spend, spend. I’m hoping these past 7 months have taught me that the thrill of seeing a bigger number in my bank account is better than the thrill of any stressed-out sushi lunch.
Because I always take on more than I can handle, and because I’m missing my small teaching stipend, I recently agreed to be a project at work that (fingers crossed) will provide me with a bit more money and can be done from home. Although I was hoping 2015 would be the year of less stress, it’s looking like 2015 will be the year of the hustle. I’d love to surpass my ultimate savings goal of $12,000 and show my bank account who’s boss.
How are your savings shaping up this year? Let me know in the comments! -Melanie
Melanie’s Spending Diet Savings Stats:
Started the Spending Diet: July 1, 1014
Month 7 Savings: $1,000
Savings to date: $7,600
P.S. Ready to get out of debt ASAP? Check out the Spending Fast Bootcamp!