I have put myself on a No Spending Ban for the month of November. This means no online shopping, no small purchases, no ‘oh well I’ve always wanted this’ and absolutely no sales! The whole reasoning behind the ban is to prepare for the Black Friday and Cyber Monday sales where I know I will do some hefty shopping and put a large dent in my Christmas shopping list. It’s time for my credit card to take a little break before the big day! I thought ahead about this plan and made some necessary allowances based on the events I knew I had coming up in November.
I made myself two allowances. I could buy whatever was legitimately essential. Thing like food (duh!) and personal essentials (I was out of razor heads and I am not forgoing shaving my legs for a whole month). The other allowance I made was for the Sephora VIB Rouge Holiday Shopping event. I had been waiting for this event since this time last year, knowing that it’s the only time Sephora gives a 20% discount to their VIB Rouge cardholders! Now, I wasn’t just going to give myself free reign to spend willy nilly. That would totally ruin my plan for no spend November! I had to come up with a decisive plan outlining what I really needed to buy.
I’ve had my eye on replacing my broken Clarisonic for months now, but I could never justify the hefty price tag associated with it. I decided that the 20% off event was the perfect time to finally pick it up and with the holidays coming up, they even have a little holiday set for it! Now, I budgeted before the ban to ensure that it wouldn’t put a dent in my no spend ban plan so it’s a guilt free purchase!
Other than that, my credit card will stay safe and warm in its little spot, while I window shop away and create all of my mental wish lists for the end of the month! It’s yet another reason to be excited for the coming of Thanksgiving!
What about you? Have you ever instituted a no spend ban for yourself? Any tips to share?