I’ve come to the realization that the areas I want to focus on being mindful of this spring are my budgeting and spending habits. My budgeting and spending habits have become a bit haphazard lately and I might end up needing to look at AdvanceLoan lending options. I need to do a reset…similar to how I’d do a diet reset (I may actually do one of those too!). So what will mindful budgeting and spending look like for me this spring?
I personally have so much to be grateful for (financially, personally and professionally) but it’s really easy to lose sight of that. I’m not much of a journal keeper, but I would like to commit to writing a gratitude list on a regular basis.
Track my spending more consistently.
I’ve been keeping track of my budget lately with scraps of paper….terrible. I somehow haven’t managed to incorporate budgeting and spending tracking into my bullet journal, so I’ll revisit that. But I will also go back to using Mint and checking it on a weekly basis as I did a few years ago.
Evaluate the “leaks” in my budget.
I have already spent some time this year eliminating a few subscriptions and services I rarely use or don’t need, but there’s still some room to evaluate budget leaks further, for example by switching energy supplier with the help of a comparison site like Money Expert.
Pause on extraneous spending.
Two categories where I tend to spend an embarrassing amount of money on are: are food (Whole Foods/Instacart) and transportation (shared rides via Lyft). So I will definitely cut out the Instacart orders and actually go to the grocery store for the time being eliminating delivery fees and tips that service requires (Note: as much as I love food, I REALLY don’t like going grocery shopping). It will also be worthwhile to venture to less expensive grocery stores more often like Trader Joes. I can definitely pause on these two expenses for the time being especially now that we have spring and (hopefully) warmer temperatures that will stick around to look forward to.
Take a non-essential spending hiatus.
I will do a spending fast to re-set my spending this spring. I may actually do Michelle Singletary’s 21-day spending fast. But to caveat this I’m not planning to fully start the spending fast until I get back from an upcoming vacation I have at the end of the month (more on that trip in a separate post). So the start of my full spending fast will be early April. This will be like spring cleaning for my wallet! Care to join me?
How are you planning to to practice mindfulness as it relates around budgeting and spending this spring?