Running the numbers

I thought it would be interesting to see how my spending for the first three months of 2012 compared with the same time-period in 2011, so I crunched some numbers. Straight comparison of everything on my credit card showed a slight total decrease in spending (about 3%). But when I pulled out all the non-Make It Do items (gas, groceries, kids’ clothes, cable bill, etc.) I discovered something pretty amazing. I’ve reduced my personal spending by 77%!! Yes, I should be spending 100% less, but we all know I’ve cheated. But not much, and not lately.

So what have I learned? That the majority of my spending does go to family/household stuff, it’s true. But I slipped in a lot for myself. Last year 22% of my total outlay was items for myself. This year, it’s 5%. I wish our total household spending were down more significantly, but I suppose that’s not realistic with inflation. If I can hold myself to 5% or less all year, I’m going to be pretty darn happy! I’m looking forward to the end of June to run the numbers again!

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About

In 2012, I'm not going to buy anything except what I've used up or worn out. For all else, I'll make do with what I already own or I'll do without. I've come up with some guidelines. Update: for 2013 I'm going to continue along, but not as strictly.

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I'm Meg Hourihan. I live in New York City but was raised in Massachusetts. I blame my Yankee-ness for this crazy idea. Read more about me and this project.

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