Budget Tips · Financial Literacy 101 · Lifestyle Tips

The 3 Things I Loved Spending On In January

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One of the biggest recurring themes among personal finance blogs is frugality. Spend less, save more, be minimalistic. Stop mindless purchases and spending on useless things.

On paper, this idea is pretty simple. You’re supposed to curb your spending and prioritize. You have to give serious thought to just about anywhere your dollar is going. It’s basically the equivalent of doing a big financial detox.

Frugality is a great concept when done right and has the potential of saving you a lot of money.

Sometimes however, frugality can be taken to the extreme. One of the big issues with the ‘extreme frugality’ trend is that we are constantly told what not to spend on. Don’t buy a latte, cancel your Netflix and stop going to the gym. Stop buying this, stop buying that. It’s a whole lot of no’s and not nearly enough yeses.

The thing that I’ve discovered over the years is that I don’t respond very well to negative reinforcement. I mean sure, it makes me extremely uncomfortable and gets me doing stuff in the moment, but after a while, I tend to get used to it. Repercussions, you say? I shall fear no evil!

Instead, tell me what I can spend on while being frugal.

Even better, tell me what you can spend on and why.

Tell me how spending enriches your life while enabling you to reach your financial goals. Tell me how spending is letting you live below your means while also providing your life with value.

As you’ve probably guessed by now, this is exactly what I want to talk about in today’s post. I want to talk about the dirty word of personal finance: spending.

Let’s be real, if you want to survive, you’re going to have to spend your money on something!

I want to tell you exactly what I love spending on and why. Who knows, maybe sharing some on my favourite purchases may help with yours. If not, at least you get a little insight into my own spending habits!

Now, you may wonder, what does a broke college student living on minimum wage actually spend on?

As you can imagine, not a whole lot.

However, I have managed to get it down to three things. Without further ado, here are the 3 things I’ve absolutely loved spending on this January:

  1. What: Yearly Magazine Subscription at Money Magazine
    Cost: $65
    How Much I’ve Saved: $10 per month
    Why:
    This one is a little funny. First of all, I always wanted to have a magazine subscription. There is just something so fancy about the thought of having a magazine delivered directly to your door. Actually, scratch that. There is just something so fancy about looking forward to something in the mail. It’s like a gift from past you to future you!
    The second reason I bought this subscription is because I actually enjoy reading this magazine. I enjoy reading what professionals predict in is going to happen in the financial world. This is not to say that I take their advice however. It is more of an ‘entrainment read’, as I don’t believe anyone can predict the market.
    The last reason is inspiration. Sometimes I find some pretty good ideas in there that enable me to create better content for you guys. It’s a win-win.

    blogpost 2
    I’m so excited for this to come in the mail next week!
  2. What: Caramel Latte Kit
    Cost: $4
    How Much I’ve Saved: $85 per month
    Why:
    I am a sucker for a nice iced beverage. I love my iced lattes. I love them a little too much.
    There’s nothing more motivating than an Iced Caramel Macchiato to wake up to in the morning. However, Starbucks has been really hitting my bank account lately. A daily pop can set me back $7. Hey, they say go venti, or go home, right?
    Well go home is exactly what my wallet needs me to do right now. Lucky for me, I don’t have to go without! I have just recently discovered these make-at-home latte kits at my local supermarket and absolutely fell in love. While they do not taste exactly like the ‘barista approved’ lattes I am used to, they come pretty close. Did I mention they keep me awake through uni?
    A big resolution I’ve set myself for the rest of this year is to be able to save more each month, regardless of expenses and emergencies. I’ve realised that the only way to do this is to cut down on some of my indulgements, hence begone Starbucks trips!
    I will sometimes still have the real deal as a treat, however I’ve found that the ability to make one at home has really had a positive impact on my wallet. Now I don’t even have to change out of my PJs for my latte!

    blog post 1
    Super deliciousness in a cup!
  3. What: Super Glue
    Cost: $3
    How Much I’ve Saved: $35 per month
    Why:
    We have a beautiful Hyundai i30 2009, which is still going strong, even after 2 major accidents and countless bumps along the road. However, as any aging car, things sometimes depreciate and break (shout out to my accounting fam).
    As we all know, fixing anything car related automatically translates to expensive. Like expensive expensive. Like way out of my starving student budget.
    When our spare car key decided to snap itself in two, we got a quote to get it fixed for $450. Let me say that again: four-hundred-and-fifty-dollars. That’s half my student aid a month.
    We have been trying to save for this since last year, failing miserably each month. There just always seemed to be more important things to save for. However, this month my partner noticed our other car key was starting down the same path, so we knew we had to do something.
    We talked about it back and forth, finding no real solution as to how we were going to come up with the money. Then, my boyfriend had a mad scientist moment and said “Hey, why don’t I just superglue it?”
    At first, I was a bit skeptical, however I decided to trust him. We tested the key all day and guess what, it works perfectly! My boyfriend’s genius delivered!
    *side note: Don’t try this at home, do actually see a professional if there is something seriously wrong with your car.

    blg post 3
    How to get an interesting photo of a super glue? Get your cat to model it!

Those were the 3 things I loved spending on this January. In total, they have all saved me over $130 this month and made my life easier.

I do recognise that at least one of those things is a luxury expense and that if I were to be going ‘extreme frugal’, I probably wouldn’t even have bought the super glue. I mean, I am probably the only person I know who still reads magazines. However, I am a strong believer in adapting advice to your own situation and figuring out what frugality means for you personally.

For me, frugality means cutting out mindless purchases and saving money that would otherwise have been wasted. For me, frugality is saving 10% of my income and living below my means. As long as a I meet these conditions each month, I am pretty happy with my ‘frugality’. Each one of the three things I bought have enabled me to save more each month, kept me for treating myself with impulse purchases and added serious value to my life.

I want to keep these posts going this year and really feature products, experiences or things that have enabled me to keep on track with my savings while also allowing me to feel like I am not missing out. I hope you’ve enjoyed this week’s post and got a bit of an insight into my own money habits.

As usual, I want to know more about you! What is one thing you have really enjoyed spending on this month?

Let me know in the comments below!

 

Being broke is temporary. Being rich is a journey.

39 thoughts on “The 3 Things I Loved Spending On In January

  1. That caramel latte kit sounds amazing! What a bargain!! I used to work for MoneySavingExpert, and we were always hunting out bargains like that in the sales lol 🙂 for me, I just love spending money on travel stuff, as I’m a travel blogger hehe x

    Liked by 1 person

  2. This was great! I suck SOOO badly at being frugal, I’m a YOLO kinda gal. My $100/week on coffees and cafe snacks is out of control. So I’m going to trial those DIY latte thingys. (No promises…I’m a coffee snob). But great post, I hate always being told what not to do! Oh and I love my psychology monthly mag subscription too!

    Liked by 1 person

    1. Do try them! Coles always has some on sale (I always buy on sale haha), and if used with milk they come out real creamy and nice! I would recommend putting some instant coffee in them however as they don’t pack a strong punch on their own. I’m also terrible at being frugal haha, so maybe we can try to frugal it together:)

      Liked by 1 person

    1. Thank you haha. Over the past month I’ve actually managed to save a lot more than I thought by spending on things that a) I love and b) save me money. Thanks for stopping by!

      Like

    1. Exactly! It’s all about what brings value and convenience into your life. For me, it’s the ease of having a magazine delivered rather me having to out to get it, but for you I can see how flexibility with a little one can big a help with the gym! Thanks for stopping by, love your blog btw!

      Liked by 1 person

  3. Caramel latte kit sounds right up my alley! I’m dreadfully behind in my finances at the moment, so I’ve been very, very strict on myself – but after reading this I think I will give myself at least one thing to enjoy per month, like going to the cinemas or out to eat with friends. It’ll save me from going stir crazy, too!

    Liked by 1 person

    1. Yeah that’s why I try not to go cold turkey when curbing my spending – it’s all about saving but at the same time having something to look forward too! Good luck with your finances 🙂

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  4. Oh gosh I’m awful with buying things, I keep changing what I buy however this month I’ve made a change and now I first move money into different accounts to allow me to save and then I spend what’s left, rather than not saving and spending it all.

    Liked by 1 person

  5. I loved having a magazine subscription to a finance mag! They shut down print sadly though and went online only recently. Totally like having a gift delivered every month haha. Super glue fixes everything lol. As for myself I have total spenders regret for this month 😂😂 Going to try and do a frugal Feb to get back on track.

    Liked by 1 person

    1. There always can be haha. Nothing particular just excess food and drink at 3 birthday celebrations I attended and spent way to much at each..whoops 😛 No birthday’s to go to in Feb, though phew 🙂

      Liked by 1 person

  6. I am with you on super glue! With the second runner up being a hot glue gun….you can do just about anything with the right glue. I also love a good latte and I have a weird addiction to bubble tea (aka bobba or PMT). And finally, you just keep hanging with your accounting fam and reading Money mag and you are going to be a rockstar! (I was once a finance major reading the WSJ and look at me now, hee hee)

    Liked by 2 people

    1. Oh I have so been wanting to get my hands on the WSJ, I have hear great things about it. And hot glue gun? Imagine the possibilities!
      Also OMG I love bubble tea too! I could live on that stuff! I am a sucker for a good old Jasmine Milk Tea haha, what about you Kat? What’s your favourite bubbly?

      Liked by 1 person

    2. I love just the standard black milk tea with bobba. Large size of course!! Just writing this make me think how much I want one now! 🙂

      Liked by 1 person

    1. Oh some of them definitely can be! I’d say be very selective as to where your money is going. The only reason I got this one was because I liked the magazine and it had a good deal + came with a free gift. So yeah I’d definitely say shop around!

      Like

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