BLOG – How much money will you spend in 2019? (2 minute read)

What are your spending plans for 2019? Will you spend more or less than you spent in 2018? 

‘We’ love spending money. One third of all Brits went to the Boxing Day Sales, spending £3.9Billion (or AUD$7Billion). That’s a lot of impulse spending! 

‘We’ love shopping. Shopping makes us happy. We like to be happy, and by buying things we want we (apparently) become happy. The TV adverts in the Crimbo Limbo have encouraged us to be happy by buying a new sofa, bed and built-in wardrobes. 

I used to spend a lot. I wasn’t a shopaholic and I didn’t have credit card debts. Whilst my family and friends will tell you that I spent a lot of money on glossy fashion magazines and cushions, I generally bought the things that normal people, with normal homes and normal jobs bought – clothes, shoes, bags, toiletries, books, newspapers, stationary, furniture, electronics and homewares. 

I didn’t realise just how much I was spending. Let’s face it, I wasn’t spending my New Years Eve calculating how much I’d spent on clothes, books, shoes etc over the previous 365 days!

I wasn’t in debt, I didn’t have credit cards I couldn’t repay and I didn’t have any loans… What was a glossy magazine or a beautiful cushion here or there? 

Then, in 2013 and 2014, everything changed. The culmination of a spontaneous New Years Resolution (I failed 1st time in 2013) and a lifestyle experiment. 

I didn’t buy anything new or 2nd hand in 2014 and saved $52,680 (38% of my salary). Which means – in a bit of embarrassing sort of way – that in 2010, 2011 and 2012 I’d probably spent 50 grand on stuff. $50,000 spent on stuff – In my defence, apparently, that’s normal. Lots of people, I’m told, spend an awful lot more!

In 2014 I broke my habit of impulse shopping and ‘buying just for the sake of buying’ – I changed my spending and transformed my savings. It changed my life, and I felt happier and more content.

How much will you spend in 2019? Will you spend more or less than you spent in 2018? 

BUY the Underspent book. Available in e-book, iBook & kindle formats ($2.99) or paperback ($12.99) here https://amzn.to/2uGHYJh plus all book shops and online stores OR get a signed copy from me ($12.99 + P&P) via my website www.cyclingrachelsmith.com  I’ve purposely reduced the RRP to ensure the Underspent book is accessible and affordable. 

Until next week… Happy New Year!