Now that I've laid out what we spent last year, you can see that there are a few areas we can really cut back. Some of you might think our allowance of $6000 is excessive (which I think too - but DH won't cut back), but at least any of it that is not spent is sitting in a savings account. I usually only get $100/month in cash from my allowance and put the rest in my savings. DH does the same. So really we have a good chunk in extra savings accounts if the "household" ever needs it for an emergency.
But the one category I really want to cut back on is spending, specifically online shopping, and specifically clothing. We have a lot of clothes. Just this morning as I was getting dressed for work, I needed to select a pair of shoes to go with my khaki pants. And of course, there are several pairs of tan/khaki shoes in my closet to choose from, in addition to a few brown pairs too that I could wear. I really only need one pair of light colored shoes to wear with my light colored pants. I'm probably not going to throw out perfectly good shoes, but I can put my foot down and quit buying any more shoes. Or any more pants. Or any more shirts. And I certainly don't need another Tshirt in my entire life, with hundreds on hand already.
So our challenge this year is to not purchase any clothing. I'm debating whether that should include free clothing. I'm thinking it should include any clothing whether it was paid for, or free. I can just pass on those $10 GC for free clothes at Victoria's Secret, and not reach out my hand to get that free Tshirt at events.
In addition to stopping any more clothing from coming into our home, we need to continue to purge excess items we have but no longer wear. Part of our challenge is to empty every single closet in our home this year and only put back the stuff we use. We already did that to our front hall closet and now the floor is actually empty! Prior to the cleanout, we had a large bucket of stuff that took up four square feet of space. The stupid thing is, we didn't touch that bucket for over ten years. We didn't miss anything in it.
So this year, even though I know there will be items I'll want to get, I won't.