The No-Buy Rules.

It is getting real, Friends. I made a budget. It still has some generous vague spending areas but we all need to start somewhere. It is a work in progress.

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Note **  I foolishly thought I could discuss financial stuff with people. I have realized that some people are judgmental fucks and fail to appreciate others peoples success. I appreciate all of my friends and family and am incredibly excited for those that have seen heaps of financial success in their lives – I am even more proud of the people that started with less and ended up with more. Your success has blood, sweat and tears and is well deserved.  Go you! **

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I am super excited that I am following through on one of the many many many steps to personal financial success. In the spirit of trimming my expenses I have decided to make a NO-BUY official with rules and all. Mostly this serves as … accountability!

 The Rules:

Well the fact is there is really only one rule and it is don’t buy shit you don’t need but I feel like I need to write out all the pesky details so I have a point of reference.

  1. Shower Gels and Soap. I currently have 5 body washes open in my shower & 3 massive bars of soap under my sink. I think that should suffice for the better part of this year.
  2. Body Lotion. If you saw my post in Instagram on Sunday you know I got a stack of lotions to get through 8 or 9 if you count my purse and work desk.
  3. Makeup – unless I run out of a certain item then it can be replaced (ie; mascara & foundation or powder) ***just because I want to tighten up my budget does not mean I want to look like a haggard piece of shit all the time with gross skin and dirty hair. I will buy makeup when I run out.
  4. Tea or Coffee (since my part time job allows me a free lb of coffee or box of tea/week I am more than sorted here)
  5. Clothing. Unless by the grace of gawd I figure out this weight loss thing & need smaller clothes 🙂 Also unless it is something that I actually need.  Also shopping second hand for things that can be purchased second hand (Not related but have you watched “True Cost” – you should)
  6. Nail Polish. I love me some painted toe nails, all seasons, all the time.
  7. BOOKS (& magazines) – a) I should probably get a library card seeing as there is a EPL right across the street from my apartment & b) I have an entire library of books to read this year that are sitting on a shelf looking pretty in my home.
  8. eBooks from YouTubers – and I can also stop calling it research for my own eBook just stop buying things from YouTubers.

 

So there you have it, the first draft of the no-buy. This will likely change – if you have suggestions for this or things that you don’t buy anymore that I should consider for my list – leave me a note below!

xoxo,

C

 

Mo’Money #1

Okay since my initial (but actually I bitch about this all the time) post I have realized I want to be one of those crazy fools that power through paying of my loans. It might happen, it might not – but right now I am feeling hopefully as fuck.

This is an update of things that I am doing to propel myself forward:

  1. Bitch about it social media hoping a Sugar Daddy will pay for my student loans – JK’s but actually I just wanted to see if anybody had any suggestions for things they did in order to pay off their own personal loans.  Some suggestions were obvious, some were not, some just not even a thing – but I appreciated some input. (comment below with more ideas!)
  2. Call student Loan and get real with some numbers. How much do I actually fucking owe? What are the hard numbers? What do I think could be a realistic paying off goal for 2017? Can I get any sort of interest relief or paying off of loans in 2017? You guys will be happy to know – I thought I owed 1000’s more than I do, I guess this is a good thing.
  3. Start logging everything I spend my money on. GUYS – THIS HAS ACTUALLY BEEN TERRIFYING BUT SO SO SO SO SO SO USEFUL. I successfully tracked everything I spent last week and kept all my receipts. I used one of my pretty lavender notebooks and started a weekly logging system. I broke it down into categories so I could see where I am spending. I need to do this for a few more weeks before I can start making some serious changes in my spending. But it was a scary eye opener,  a reality check, and something I plan on continuing because when you can’t account for a couple G’s a month – that is a problem.
  4. I fucking crunched some numbers. I looked at what my over-all coming in from both jobs, the mandatory going out and then realized I needed a vacation to India.
  5. Realized that I likely was not being successful at weight loss because of a Diet Coke addiction – it’s my last vice – but its got a death grip – this isn’t a thing but it is … because of a weekly spending habit of the drink it is costing in $100’s/month. Overall picture, People!
  6. Made a no-buy and a to-buy list – I think I have enough shower gels and soaps to last me until Christmas. Unreal, right?! A no-buy is needed to curb my spending and make use of that money in other areas – budgeting perhaps …
  7. Started listening to Dave Ramsey podcasts and instead of watching TV watching YouTube ’til debt do us part – to get some ideas on how budgeting, finances and over all how can I get better with my money
  8. Start reading other financial blogs on how people conquered their Canada Student Loans.
  9. Downloaded a spread sheet to track  debt repayment progress – still need to fill it out. But working on it. Cuz car loan also people
  10. Last but not least I have decided that it is okay to discuss numbers with people and instead of hiding behind my crippling student loan debt see what actually works for people.

 

With that guys –  I am unsure if I want to publish actual numbers on this blog for privacy reasons, that might change later on. But I will share that I currently have 3 student loans: Canada Loan (which is the largest), Nova Scotia Student Loans (Resolve) and Alberta Student Loan (the smallest and the loan I want to pay off first).

My very first debt repayment challenge is simple: Every time I spend money on Diet Coke for the month of February, I must then pay an equivalent payment onto my Alberta Student!

For example – I bought a medium diet coke from McDonald this AM – when I got back to the office I made a $2.40 payment to AB Student Loans. If I bought a diet coke everyday at an average of 30/month, that is $72.00/month and $864.00/year ( Just doing the math now has made me realize the 1000’s a spend a year on soda) – So February challenge launched. Which me luck!

 

And with that people – I will get an update to you next week with the progress of this journey. Till then I will be trying really hard to curb a Diet Coke habit and maybe start spending my free time in the gym.

So many 2017 goals!

All my Love,

C