So, it’s November 10, 2010 and the official countdown to my 6th month spending/shopping ban begins today. The ban begins on January 1st, 2011 and runs until July 1st, 2011. I figure as I hit another milestone in February when I turn 30, it’s about time that I stopped pretending to be financially responsible and actually become financially responsible.
Of course some things will be exempt from this spending/shopping ban like books ( I read a lot), and school fees, etc. The goal of all this is to basically cut out all my unnecessary spending as well as to plan out my spending much better. I am an impulse buyer, I freely admit it, and I need to cut it out. I am pretty bad, but considering what I make on a yearly basis, I have little to no savings and I certainly don’t have any RRSP’s. I do however have a pension through my current employer and I have about 15k in one from my previous employer (gotta love matching employer contributions).
Why am I not just starting the ban now you ask? Well, of course Christmas is coming up and I have to buy presents. Not to mention, there are some pretty big purchases that I have either been planning for a while or have become a necessity as of late. So once those are done, I will be spending/shopping free. I can save and pay off what minimal debt I currently have. Hopefully with this little endeavour, I can train myself into actual financial responsibility.
Nicole
Filed under: Financial Responsibility, Bright Ideas, Finance, Plans
