1.14.2011

Revived: The Saving Spree

Anyone who followed this blog closely in years past would have seen a recurring theme... the Saving Spree. These were 1-3 month periods where Mr. Savvy and I would cut back, not spending (or saving) as much money as we could. They were limited in duration, because honestly if we did it too long we were bound to fall off the wagon... hard.

We've been doing some Saving Sprees lately, but I haven't had time to blog about them for the last three years or so. We are doing one right now, as we pay off the last $1,800 of our car this month (just made the last payment yesterday!). They are a good way to reset your mindset and your budget after a period of spending... like a vacation, Christmas, or all of 2009.

We did a year-long Saving Spree of sorts last year, although there were definitely times where we weren't savers (we did buy a new queen sized organic latex mattress last year - but it was totally worth it), but we managed to pay off a considerable amount of debt so we must have done okay.

Instead it is a time to stop yourself from getting caught up in buying things and instead put them off until next month. You might find (we often do) that you either forget about them, or find some way to do without. If at the end of the month you still really need/want the item, then budget for it and buy it. It's not about self-deprivation, but more about delayed gratification.

What reminded me of our old Saving Sprees? I read an article today about a fellow blogger's Spending Fast.

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