Monday, March 11, 2013
Okay, feeling pretty good about getting my eating and exercising in order lately. Check.
I have one other big issue I need to address and that's overspending on my credit card. I've been thinking of some ways to cut back and stop those habits in their tracks.
Firstly, I spend a lot of time on kids clothing message boards. That's what I mostly overspend on: clothes, mostly for my daughter but my son has a decent wardrobe too. Thing is, if I like it I have to have it even when they don't need it. This leads to a lot of wasted money like when my daughter doesn't like it, or says she likes it but then won't wear it. Also a lot of wasted time when I have to resell it all. Also it takes up a lot of space both in my brain and in the closet. I think I use it to distract me from the fact that I don't have a career right now. It must make Ella a bit spoilt to have so much nice clothes to choose from all the time. I can't have her growing up thinking that's normal. Besides, she doesn't appreciate it or wear it all.
Now down to the nitty gritty, the credit card. Most months we're not having enough money to cover what we need and we're having to dip into our savings account (which contains fat check from tax refund each year). This works okay but is not sustainable. It means we can't upgrade to living somewhere better, we can't save for a house or anything really, and next year we probably won't get as much of a refund. If I didn't have to pay the credit card $300 every month (and often I spend even more than that on it so the balance goes up) we would have enough to live on without digging into savings. Plus the interest is high, I'm paying $40-$60 a month right now. That's ridiculous! Rent is going up on our apartment next month, no better time to get this sorted out and stop using that darn card for good!
So, here's my plan. I need to spend much less time being tempted on message boards. It doesn't matter if someone elses kid looks cute in xyz outfit, we don't need it. When we do need stuff (because face it, kids are always growing, always need something) I will use money I get from selling stuff to buy it. I will hold out this summer until the end of the season and I can use money from selling fall stuff to buy summer clearance stuff in the next size for both kids. I don't need to spend any money on the credit card or anything until then. So that's the plan. To get away from the message boards I'm planning on continuing to spend more time at SP, carrying on with the diet and fitness, doing lots of work in my garden and cleaning house more. Okay to play games on Swagbucks to earn Amazon credit to buy the kids stuff with it. Just gotta cut right back!