I am trying to teach myself that whilst I have debt then I cannot afford anything I ‘want’. I can however budget for the things I ‘need’. The question has to be asked before every purchase – do I want this or do I need this.
I think this is difficult when you have a child, as you can more easily convince yourself that they need to have a toy for this, ‘need’ some more clothes, or for me this weekend the decision was about whether to buy a vest to help her to float in the pool. I almost convinced myself of this one… but I at the last minute asked, is this really a need? I know I didn’t had a swim vest at 15 months. I am hardly going to let her go in the pool so, no it is not a need!
I already explained that this is where my journey for minimalism came from. It is to change my mindset as the budget alone wasn’t working. Since I started this journey, my impulse buying has improved a lot. It is not perfect yet by any means but I’d say an 80% improvement. I still bought my partner and I some bento boxes for work last week (after watching a minimalism vlog ironically) which we certainly didn’t need.
I still love my budget spreadsheet and the format works really well. Now the mind-set is getting there, I really think I could be debt free (apart from mortgage) by the end of 2018. I am happy to share the format of my budget and help you create your own as it is a very simply one to use and will help you on your journey to become debt free (if used in partnership with a change in mindset).
Another way I have been motivated to get debt free by the end of 2018 is that I have been told that I am not allowed to book a holiday while we still have debt. I totally agree with this but this, for those who know me, know this is tough! I can’t imagine not having a holiday in 2019 so this is not an option. I HAVE to be debt free in 2018.