If You “Can’t Adult”, Stop Spending Like One

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Way back in 2000, I had an allowance of $5/day in early high school. I was supposed to buy lunch with it, but most of the time, I’d blow it all on a cup of overpriced coffee. Still, having no real savings to speak of and having no way to go into debt, I just kind of floated along in financial limbo. I only saw as far as my next cup of coffee, and The Bank of Mom & Dad ensured that would happen. My needs were looked after, and it’s not like I needed TWO cups of coffee in a day, so everything was good. For those few sweet years in high school, I didn’t need to worry about money. And you know what? I might want to return to that system as soon as next month.

No, I’m not going back to making daily withdrawals from The Bank of Mom & Dad. That’d be crazy talk. I’m frickin’ 28. No, what I’m doing is a sort of mental budgeting. Roommate “D” hit upon the idea recently when he withdrew a stack of $20s and made sure to only use one a day. Over a month, that’s only $600. If he wanted something that was $40, he’d have to go a day without spending anything. What he didn’t use could be carried over to the next day, and so on and so on. It was kinda brilliant. Going back to that allowance system made it so he never overstretched his budget, and when he ran out of money, he’d just stop. I NEEDED TO DO THAT TOO.

Obviously, this is nothing revolutionary. I was just happy to add one more tool to the financial toolkit. “D” reckons if he sticks to his allowance for June, his expenses should only be about $1,200 total, rent and all! Since I’m still having trouble getting below $1,500, this tool might be a godsend! I’m actually kind of excited for it because this restriction will force me to find low-cost, high-fun activities for entertainment, and that’ll help me for the rest of my life!

Can’t adult? Try going back to having an allowance. I know a lot of you are financially responsible enough that you don’t need this advice, but I also know some of you needed to hear this. Start with $20s for now, one a day, or adjust to your personal situation as needed. Maybe managing your money like a kid again is what you need to become a successful adult.

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This Blog Cut My Monthly Spending by 42%

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Since I started writing Unconbentional in January 2016, I’ve had very open money conversations with friends. Every step of it has been a learning experience. As I did research for articles, I was often forced to run my own numbers and a lot of the time, they weren’t pretty. In some cases, the results called for immediate action. This post was a huge red flag. Even though I knew these weren’t healthy spending habits, spending $3,363.26/month was normal to me! Luckily, this blog saved my life. This is what I spent in April 2017.

Entertainment was a big deal to me back in 01/16, but I still thought I had control over it. $138.03 was reasonable, right? Unless it’s travel, NOPE. In 04/17, I spent only $33.54 on Entertainment that wasn’t Spotify or Netflix. (I don’t know why, but I tend to lump Spotify and Netflix into my Bills category. I consider them essentials.) In that $33.54 were two main purchases, and this is where it got interesting: I bought a $19.99 video game that I didn’t end up liking, and I bought a bunch of supplies to try CREATING a card game for $13.55. I spent half an hour on the video game, tops. Trying to create the card game took HOURS, and was a great night spent with geeky friends. In this case, the unconventional form of Entertainment clearly won out. Instead of consuming, try creating! It’s often the cheaper option, and far more rewarding!

Personal and credit card Debt cost me $161.55, and that’s the big red flag I’m dealing with now. I also included a Home category this time, which I didn’t have in 01/16. I spent $99.23 on stuff like cleaning supplies, toiletries, etc. Travel came to $158. That’s gas, and one super costly cab ride from a bar. Missing a bus really shouldn’t cost $46, but I guess cabbies need to eat too. Meanwhile, Bills are as expensive as ever, and I no longer have a girlfriend covering the cost. On top of that, I pay for Mom’s cell phone and use a stupid amount of data. My total for Bills came to $447.29. That’s phone, Internet, electricity, Spotify, Netflix, and a weird banking thing or two. That can’t be normal for two people living here, can it? What do you pay?

Finally, we’re at Food and Alcohol, and you know what? I’m fucking PROUD at how far I’ve come. I’ve started drinking less and eating healthier, AND I’ve made cooking at home the default option. Food costs came to $518.02 last month, and I think most of that was groceries. It’s not “A’s” $80/month, but we can’t all be as awesome as her. As for Alcohol, I’m way down too! For 01/16, it was $1,120.27! 04/17? Only $530.55, over 50% less!

I’ve still got a LOT of work to do – it’s stupid, for instance, that I still spend more on Alcohol than Food – but the total damage for April 2017 was a mere $1,948.18, DOWN FROM $3,363.26! That’s 42% less I’m spending EVERY MONTH.

I have no doubt starting this blog saved my life. Current goals involve trying to get down to $1,500/month. I’ll provide updates as I get closer, but hopefully, this will inspire you to see what cuts you can make in YOUR monthly spending.

For those of you who are new here, this is why I didn’t include Rent. (Yeah, I know I’m super fortunate.)

What do YOU spend in a month? What can I learn from YOU?