How to give yourself a heart attack by looking at where your money goes
I’ve been toying with the idea of a spending fast after reading a book called The Spender’s Guide To Debt Free Living. Debt isn’t really an issue for me, but I’m definitely a spender, and if anything happened to my income my savings would be cactus in a few months. I’m one of those people who feels compelled to spend anything leftover after I’ve paid all my expenses and put money away in various other saving/Christmas club/emergency accounts and whatnot. I’m also one of those people who will convince myself that I desperately need to have some random thing I didn’t know existed 24 hours earlier.
So with that in mind, I have been keeping track of everything I spend from Jan 1 to now. I didn’t make any changes to my spending patterns; I just wanted to keep track of my normal day to day spending. Then I added up the various categories (groceries and food, alcohol, books, gifts, etc). The one that shocked me the most was the groceries and food category. It was too hard to separate this into actual groceries, lunches, coffees and so on so I bundled it all together, along with food delivery like Uber Eats, and small purchases like snacks from vending machines etc.
In January my total expenditure in this area was $1215.31, and in February it was $863.92.
On the plus side, this has really spurred me to plan and start a hardcore spending fast from March 1.
On the minus side, WHAT THE FUCK. I don’t eat any more than the average person but I do have a tendency to pop in and out of supermarkets and go to the farmers market and buy a bunch of stuff that just looks nice. Even so, that seems like a crazy amount of money for a household with one full time adult and one adult who comes over for a free feed several times a week.
Are you a spender or a saver? Have you ever tracked what you spend? Were you surprised by the results?