I wish I could tell you that I’ve been good about saving money and that I’ve been living a frugal lifestyle, but I can’t. Instead, I’ve been buying all kinds of things. Mostly clothes, some fashion jewelry, handbags, and beauty products. But with a start to the new year, I think it’s a good time to start getting serious about financial matters again. The simple plan for the new year is to increase my 401k contributions from 4% to 8%, and then consistently set aside $400 each month to be invested in the stock market. Whatever I have leftover will basically be fair game –for entertainment, shopping if necessary, beauty or skin products, or even just to save more money. I’m basically going to figure things out on the fly instead of sticking to a structured budget like I did in the past that way I don’t feel like a failure if I don’t meet the month’s savings goal.
I do, however, want to scale back on my shopping though. I feel like I have more than what I need in my closet, and anymore excess would necessitate a closet clean out, which I’ve already done last October. Hopefully if I have the will power, my goal is to not shop for clothes until maybe the beginning of June. We’ll see how long my spending freeze will last, but it’s a good goal to strive for.
On a side note, I can’t believe January is almost over. I’ve been sick for majority of the month with a nasty case of the flu. Luckily it didn’t turn into pneumonia, but I still have an annoying lingering cough. I’m sure there are others out there in the same boat as me. According to media coverage, the flu has been rampant throughout the U.S. and apparently the season hasn’t even peaked yet. Hopefully we all get better and stronger soon!