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Wednesday, May 21, 2008

Gulp. I spent a lot of money last weekend. . . .

I've had a few setbacks since I began living a more frugal lifestyle, and each time I've felt regret and guilt afterward. This past weekend I purchased a used bike, with some related accessories. This purchase was budgeted, and actually I spent less than I gave myself 'permission' for, but for some reason I still feel uncomfortable. This might be because I'm so unused to dropping more than $50 on anything these days.

Also, once the money started flowing (budgeted or not), it became much easier to whip out the debit card and make some purchases I normally wouldn't have. Here's an accounting of my expenditures last weekend, along with a notation indicating whether the purchase was included in my budget---or not.




Granted, looking at my expenditures in this way, I can see that the total is only slightly more than what I budgeted for my bike expenses. So, my budget is safe for now; however, had I not spent extra money on pretty flowers and a bike rack, I could have sent that extra money to debt repayment or emergency fund savings instead.

3 comments:

Anonymous said...

Since the bike budget was $300, your allotted money only exceded
47 cents!! - even though there were unplanned expenses.

Don't be too hard on yourself - real life happens during the daily budget process. If you squeeze yourself too hard - the long haul of lifelong budgeting will be impossible to endure.

Keep up the good work!!

Luxuryoption

Finally Frugal said...

I think you're right. My budget is still in good shape, and although I'm sort of kicking myself for the 'non-essential' purchases, at least I'm "only" .47 cents in the red!

Also, I'm trying to keep my old 'Your Money or Your Life' ideas at the forefront of my mind: did I receive fulfillment from my purchases? Well, actually, yes I did: I'm enjoying the flowers on my front porch, and I think I'll get some use out of the unplanned bike rack purchase. So, all in all, not a disaster. The ease with which I rationalized my unplanned purchases just surprised me a bit!

liz said...

It is IMPOSSIBLE to avoid spending on things that were not in the budget as it is impossible to predict the little things that come up. Case in point, today I had packed my lunch (leftovers) as always. BUT, I got a call from my son's school nurse saying he was sick, so I had to quickly leave work and pick him up to go to the doctor. In my haste to leave work and get to my sick child, I did not have time to eat the lunch I had packed. I ended up stopping at Subway between my son's school and the Dr. appointment, spending $6.24 on lunch. It would have been impossible to budget fot this. It is called LIFE HAPPENS. What can you do?

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