March 2018: What did I buy.

*Side note: I decided to not call this a ‘No buy’ as I am I still purchasing things. Maybe Low Buy? Yeah, that doesn’t have the same ring to it. Will update with a new title when I have a better name for it.

March has been one of the most stressful seasons I have ever encountered. I am thinking on putting a number of things I can buy in a month (excluding transportation passes) but still continue with a no clothing buy.

I’m going to try my best to decrease the number of purchases in April as I am aiming to build a good savings buffer before moving out in the summer.

What did I buy:

  • Brunch with family
  • Coach Chelsea boots
  • Lunch x 5
  • Uniqlo blouse x 2
  • Salsa dance lessons

What did I not buy:

  • Vince Camuto blouse ($40)

Loan Payment #22

This post is to officially announce that I paid off my $28,300 loan on March 15, 2018!

FREEDOM never tasted so sweet.

I woke up exactly at 5AM to check my paycheck deposited in my bank account. Then, made the final transfer of $1,800.

In all honesty, I did not feel any different. It didn’t seem like as if I paid off everything. Instead, it was just like any other payment. I have a feeling that it will truly hit me in April when I can actually keep a large sum of money for the first time in two years.

Why I manually input my expenses.

Mint. Adaptu. HelloWallet. All great budget and spending apps.

But.

I will still keep all my physical receipts, manually input my expenses, and plan out my budget through the good ole Excel spreadsheet.

Why though? Why make an extra step in your weekly routine to do book-keeping?

Because I want to literally be hands-on with my money when I keep tapping my cards. Apps are great because they compile everything for you in a nice diagram to see where you are spending the most. However, when handling receipts and logging it in individually yourself, this truly gives you the pain of how every little purchase adds up.

When everything becomes digitized, it is much easier to be disconnected from your cash flow. Looking at every receipt from my purchases that week forces me to revisit regretful purchasing decisions and think before another impulse buy. Editing my spreadsheet keeps personal finance top-of-mind, and prevents me from having a passive attitude towards it.