I’ve gotta say, I’ve been on a spending spree this month. I don’t know what’s come over me. Maybe I’ve peaked in my frugality fatigue. Maybe it’s because I recently got my credit limit raised by a significant amount. Whatever it is, it ain’t good. I’ve been spending to beat hell, buying stuff up left and right, never exercising an ounce of caution, just charging it to my credit card and thinking I’ll worry about it later.
Let’s Take a Look at the Damage
It started with a few apartment items from urbanoutfitters.com ($34). Then I needed to replace a personal care item so I thought to myself “Why not just get two?” ($90), then a super cute wooden sunflower to hang by my front door at the local farmers market($29).
Things really started to unravel after that. Tickets to a show in december ($80), another order from urbanoutfitters.com ($62), then lululemon just had to come out with some super cute stuff ($178), a charity that needed a donation ($10) and the crowning achievement of it all: Bruce Springstein tickets. ($270)
Needless to say, my credit card balance is pretty monstrous right now, especially considering it usually sits around, oh, $10.
Cause and Effect?
When I really think about why I did all of this, I think it’s because I’ve been restricting myself a lot lately. For almost the last year, I’ve been keeping myself on a very tight leash when it comes to spending. Actually, it’s been the last five years, because it’s not like I had any money to spend in University either. That kind of prolonged frugality was getting very exhausting, and sooner or later I think I was due to snap and charge a bunch of crap that I’ve been wanting. I’m actually kind of surprised it hasn’t happened sooner.
The Way Forward
Until I get that bad boy paid off, I’m giving my credit card to my fiancée. He’s Captain Frugal and it’ll be safe in his hands. I’m going to set aside a teeny tiny amount of discretionary income for the random things that tend to pop up during my week, but the bulk of ‘my money’ or the money that doesn’t go to bills and the family account, is going go towards getting my credit card under control. I’m also going to return the stuff I got from lululemon. I don’t need it, it was an impulse buy.
What You Can Learn from My Mistakes
There’s only so much not buying stuff a person can take before they snap. I restricted myself a lot, and this is the result. Perhaps if I’d allowed myself one item a month or something like that, I wouldn’t have spiralled so bad. Perhaps if I’d spent more time making sure my own needs were met instead of throwing everything at debt and savings, I wouldn’t have been so tempted to charge stuff. I now know, going forward, that I need to spend a little more on myself.
I’m not sorry about this little set back. Aside from the lululemon, everything I bought, I really love. Especially the guy in the right. It won’t take long to clear up my little lapse in judgement, but once I do, I’m bound to the straight and narrow from here on out. I’ll be back to budgeting, saving, and counting my pennies for the things that I want.
But it was fun while it lasted.
Have you ever gone on a spending binge? What was the total damage?