Let’s talk about money for a minute. I’m a spender, and not a “natural saver” as I have talked about before. I’ve learned to curb my latte habit. I’ve even managed to not turn to Amazon Prime every time I think I need something.
I put into place some new money habits that help keep me on track, most of the time. That’s the keyword right there- most of the time. I still make mistakes. I still splurge (even if I planned for it). I still spend money I don’t need to. And I want to continue to get better.
It’s especially important that I stay on top of my spending with the irregular income shift. So I decided I would post weekly spending reports. These reports are not what HisFI and I pay for together like our mortgage. This what I buy on the daily with my money. The little things that can get really out of control fast.
I began by posting them to my Instagram story for the @hisandherfi account.
Month one of weekly spending reports
July was an insanely expensive month for me with dental work, booking birthday events for Charles, and home improvement projects. I was honestly grateful to not have started sharing in July because it was somewhat horrifying how much money I spent. Another reason to track my spending.
I began with the month of August. If you missed the Instastories, here is a review of my spending for the month of August.
The weeks span from Sunday to Saturday. No reason, this is just how I decided to do it for the first month of tracking.
A reflection on what I spent in August and how I talk to myself
I decided when I posted the weekly spending reports on here, I would not jump into self-judgment or self-punishment. Instead, I decided it would be a good chance to share, learn and grow.
Instead of saying “I can’t believe you _____________”
I decided to think “What can I focus on dropping for next month?”.
If you think there isn’t a big difference between those statements, then think again. The way we talk to ourselves should be the way we would talk to a friend. I wouldn’t berate a friend for a frivolous purchase, so I’m not going to do it to myself either. *finger snap
Here are the things I noticed about August’s spending:
- I spent more than anticipated on clothes. This isn’t a value category for me so I want to reign this in.
- I tend to spend more around celebrations like a birthday or wedding. My giving filter should be restricted to reflect where I’m at financially- not what I want to give.
- I planned for the trip to Seattle so I felt comfortable spending that money
- I did not plan to hire Tori Dunlap, but I have a Business savings account that I used to cover this. It was also the best ROI ever! Highly recommend.
In the month of September, I want to focus on not buying any clothes (except for one sweater- which is a need). I also know that I have FinCon right at the start of September. I have saved for this in a high yield savings account. I am hoping to not have to use all of the savings up – but I may end of up spending more.
One more reason to share weekly spending reports for all to see
Journaling is something I have an on-again-off-again relationship with. When we are together, it’s pretty magical. When I abandon the relationship I don’t feel too much loss. How is this possible? (Not sure yet)
That said, I have a few empty journals. I needed a good reason to use them. Writing down my spending for each day is not truly “journaling”, but it was going to work. I then write these up in posts for the Insta.
I was excited to be using something that was meant to be used. I was happy to be writing on paper and not typing. I also found that I was really looking forward to sharing my own spending every week.
Being transparent about money is essential if we’re going to learn about it. Making a stage for safe money conversations begins with a safe money conversation about your own habits. Ultimately, that is why I am doing weekly spending reports for all to see. It’s a way for me to open up a conversation about the day to day money habits we all have. It’s a way to keep myself accountable. It’s a way to use my empty journal on the side desk.