Monday, March 7, 2011

Spending Challenge

I came across a new blog today http://www.closet-fashionista.com/ and noticed something very interesting in her sidebar.  It is called The Spending Challenge.  She wrote a pledge, has a spending limit and keeps track of her spending each month.  I think that is a GREAT idea and I am going to join the challenge!  Check out her blog post where she talks about it here http://www.closet-fashionista.com/2010/08/closet-fashionistas-spending-challenge.html
 I am trying to buy a house and I NEED to stop spending money! 
A complete spending ban is just not for me (Frugal February?  Yeah right!) so I am hoping this will help my spending problem!
Here is my pledge:

I Kim; AKA LabelSnob pledge
that I will not spend more than
$200.00 a month on non essential items
such as
clothing, makeup, beauty products, mani-pedi's, hair cuts or any body or hair treatments. 
Before purchasing a product I must think long and hard...

Is it a NEED or WANT? 
Do I have something like it already? 
Will it fit within the monthly spending challenge budget? 

I will not count any gifts for others in this challenge, only items purchased for myself. 
I will not count necessary items I use and need on a daily basis-however I pledge (and this is the big one!!!) to use up what I have (especially makeup items that aren't being used) before purchasing anything else (when possible) even if it is an item or product I use each day(ie: use up all those foundations and lipsticks!).  But I am not counting things like soap, deodorant, hairspray...
I will keep track of my monthly spending here on my blog!

Join me in this challenge if you are like me and need to curb spending!!! 
Thanks Closet Fashionista for this idea. 
XOXO
Label Snob

11 comments:

  1. @ Leah Thanks! We'll see how it goes! After I posted this I went to Target and almost forget my pledge already!!! BUT I did put the clothes back I had in my cart and didn't buy! So I was good...
    Let me know if you do the challenge!

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  2. Yayy! So glad I inspired you!!! :D Good luck with the challenge, I know you'll do great! :D
    http://www.closet-fashionista.com/

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  3. @ Closet Fashionista Thanks!!!! I will be posting/tracking my journey so hopefully I will do well and can save some $$$$!!!

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  4. What a fun idea. GO YOU! Although I am not tracking it on my blog, I am totally trying to do the same. I finishes 2 perfumes already and am trying to finish more makeup. It's sort of a satisfaction feeling LOL! Call me crazy!
    Hope you're having a fun day!
    XO's
    Lara

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  5. love closet fashionista. good luck with your spending project--hope you can stick to it so you can get your house!

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  6. definitely a great idea! i should probably do this too ... haha. :)

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  7. @ Lara It has been a fun challenge so far! It's so hard though! And yeah, I think we all have so many products we should focus on using before buying more!! haha :)
    XOXO

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  8. @ Oh to Be a Muse Thanks! It's funny though because now that I am trying to buy a house I am "window" shopping even MORE. Instead of just looking at clothes, shoes and makeup I am on the hunt for the perfect home decor items too!!!!!
    XOXO

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  9. @ Stefany Join the challenge!!!!

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  10. this is something i SERIOUSLY need to do! Not sure how successful i would be though! good luck!!!

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