X

Enter to win a FREE
Detox Mud Treatment
from Exuviance!

*By entering to win, you agree to receive future emails from Exuviance.

I Want To Spend Less Money And Save More In 2015--Here's How I'm Gonna Do It

Large Editorial Image


January 2, 2015

Not to brag, but I have a pretty killer closet. My bank account on the other hand? Well, let’s just say I wouldn’t be so eager to show it off to anyone. I can fully admit that I am shopaholic–I can’t resist a sale and even worse, once I decide that I want something I will literally stop at nothing to get it. No joke, I skipped lunch for pretty much all of October and November to save enough to buy a Sandro coat. I needed it.

Now you’re probably judging me and that’s fine. I don’t always make the best financial decisions; I realize that I will have to live–albeit, very stylishly–with the consequences. But this year, more than any other, I’m truly committed to curbing my spending. That’s not to say that I won’t shop anymore–I am smart enough to admit that that is simply not a possibility for me right now. That being said, I buy a ton of crap I never wear and wind up selling it for a fraction of what I paid or just giving it away for free and that’s really what I want to stop. I only want to buy things that I really love and will actually use. The end goal is to spend less and save more–did I mention I have a kid who should probably have a college fund?–so here’s how I’m going to do it.

Note: Obviously I recognize I’m not the most qualified person to be doling out money tips, so rest assured many of the following came from people much wiser in the financial department than me.

1. Sleep on any purchase that isn’t 100% necessary. No milk in the fridge. Necessary. Another coat just because you’re obsessed with shearling this season? Not so much. The point here is that after a few hours of contemplation, most people can (and will) talk themselves out of impulse purchases.

2. Always price compare. Decided you absolutely need an item? Don’t just buy it the first place you see it. Use sites like Shopstyle or Google Shopping to see which online retailer is selling it at the lowest price. Also, always search Google or RetailMeNot to see if the retailer you’re buying from has a coupon code that could save you more money.

3. Keep a log. Just like with weight loss, seeing what you’ve spent in a day/week/month can be just the shock you need to cut back. Last year, I bought 10 cashmere sweaters in the span 6 weeks just because they were on sale. If I’d seen myself buying almost 2 sweaters each week, I maybe/hopefully would’ve stopped myself.

4. Save your receipts. I often experience buyer’s remorse, but I hate returning things. Shipping things back is a pain, but having to return an item to a store is truly mortifying for me. I just feel so judged. I am sometimes (often) purposefully careless with receipts just so I have an excuse for avoiding the return process. I know this is horrible, so keeping track of receipts will be key for me this year so I can get that money back in my bank account if I have any second thoughts.

5. Don’t shop alone. This tip may be specific to me because I love shopping solo. Why? There’s no one to talk me out of something I love in that moment and there’s no shame when I spend way more on something than it’s probably worth. Those two reasons, however, are exactly why you should always shop with someone–especially someone who is a cheapskate!–if you want to spend less and save more.

6. Treat your savings account like another bill. Every month when my paycheck arrives I pay all of my bills immediately. That’s good. What’s bad, though, is I see whatever is left over as my shopping cash. The trick I’m going to try in 2015 is putting my savings account on my bills checklist and making it mandatory to “pay” it every month just like my rent, cell phone bill and utilities.

7. Get a hobby. Once upon a time, I would come home after work and read a book. More and more often, however, I come home and browse the Web. It doesn’t take long for me to find a sale or Pinterest photo and then bam, I’m buying something I could totally live without. I love to read and cook, so I’m aiming to do more of those two things–and find other hobbies–to replace what has become comfort/boredom shopping.

8. Set a shopping budget. This one may seem simple, but not many people actually do it. If, at the beginning of each month or even before a trip to your favorite store, you say ‘I’m only going to spend $200,’ you probably will stick to that amount because you’ll feel bad for breaking your own rule. It’s not completely iron clad because I know I’ve talked myself into things I couldn’t truly afford, but holding yourself accountable to an actual number is a step in the right direction.

9. Sell items you don’t want. Chances are any shopaholic has a few (or a bunch) of items collecting dust in the back of the closet because they never get any use. Rather than holding onto items you don’t wear, sell them on sites like Like Twice, ThredUp or eBay. Then deposit the money you make directly into you savings account.

10. Consider consignment stores and/or resellers. Have your heart set on something? Rather than buying it brand new at full price, check out consignment stores, websites and eBay. Many times you’ll be able to find barely worn and like new items for significantly less than the retail price.

11. Only shop sober! You laugh, but many a dollar has been wasted after a few too many glasses of wine late at night. If you’re drinking, hide your credit cards, disable auto-pay and/or make sure your computer is dead so you won’t be tempted to shop away under the influence.

12. Keep a list. If there are items you do want/need, keep them in a running list. Why? When there’s a sale, you can look specifically for those items and those items alone. Many of us are so reluctant to let a good sale slip by without getting something; a shopping list will keep you focused on specific items which is much better than browsing and buying just any ol’ thing because it just so happens to be on sale.

Have any other money-saving or spending less tips and tricks that I should know about? Please share them in the comments!

Be sure to check out these things we’re looking forward to in 2015 and Khloe Kardashian’s $40 leggings.

 

Shop Cashmere Sweaters

More Cashmere Sweaters | 3 of 28147 »

Emma Ribbed Cashmere Sweater by

Club Monaco

Buy Now

Cashmere Sweater, Created for Macy's by

Charter Club

Buy Now

V-neck Boyfriend sweater in everyday cashmere by

J.Crew

Buy Now




  • Nordstrom Shoppers Love This Warm And Flattering $29 V-Neck Sweater

    Nordstrom Shoppers Love This Warm And Flattering $29 V-Neck Sweater

    Style

    2 days

  • Psst! You Need To Shop These Cute Suede $39 Booties From Sole Society ASAP

    Psst! You Need To Shop These Cute Suede $39 Booties From Sole Society ASAP

    Style

    2 days

  • Weekend Project: Make Your Own Soothing, Hydrating Bath Bomb

    Weekend Project: Make Your Own Soothing, Hydrating Bath Bomb

    Beauty

    2 days

  • 5 Beauty Boxes You Need To Subscribe To Right Now!

    5 Beauty Boxes You Need To Subscribe To Right Now!

    Beauty

    2 days

  • Update Your Winter Look With One Of These Pretty Braided Hairstyle Ideas

    Update Your Winter Look With One Of These Pretty Braided Hairstyle Ideas

    Beauty

    2 days

  • The Only Beauty Repair Cream You NEED This Winter Is Super Cheap RN With Our 20% Off Code

    The Only Beauty Repair Cream You NEED This Winter Is Super Cheap RN With Our 20% Off Code

    Beauty

    2 days

  • Here's How To Get $50 Off Your Order At Space NK This Weekend

    Here's How To Get $50 Off Your Order At Space NK This Weekend

    Beauty

    3 days

  • 5 Cheap Natural At-Home Remedies Dermatologists Swear By For Thinning Hair

    5 Cheap Natural At-Home Remedies Dermatologists Swear By For Thinning Hair

    Beauty

    3 days

  • Need A Last-Minute Holiday Gift? Snag A $100 Credit To Collage.com For Just $24.99!

    Need A Last-Minute Holiday Gift? Snag A $100 Credit To Collage.com For Just $24.99!

    Shop

    3 days

  • These Red Outfit Ideas Are Perfect For When You Need A Break From Black

    These Red Outfit Ideas Are Perfect For When You Need A Break From Black

    Style

    3 days

  • 7 Affordable Gifts To Buy For The Gucci Lover

    7 Affordable Gifts To Buy For The Gucci Lover

    Style

    3 days

  • J.McLaughlin Just Launched A Shoe Collection And You're Going To Want All Four Styles

    J.McLaughlin Just Launched A Shoe Collection And You're Going To Want All Four Styles

    Style

    4 days

  • 5 Cheap Natural Chapsticks Dermatologists Swear By

    5 Cheap Natural Chapsticks Dermatologists Swear By

    Beauty

    4 days

  • Drop Everything--Ulta's Holiday Beauty Blitz Sale Is Happening Right Now!

    Drop Everything--Ulta's Holiday Beauty Blitz Sale Is Happening Right Now!

    Beauty

    4 days

  • 9 iPhone Apps That Will Make The Holidays Easier, According To An Expert

    9 iPhone Apps That Will Make The Holidays Easier, According To An Expert

    4 days

  • Target Is Going To Have SAME-DAY Delivery Service in 2018!

    Target Is Going To Have SAME-DAY Delivery Service in 2018!

    Shop

    4 days

  • 5 Simple Ways To Boost Your Mood This Winter #WellnessWednesday

    5 Simple Ways To Boost Your Mood This Winter #WellnessWednesday

    5 days

  • Mark Your Calendar! The New NARS Natural Radiant Longwear Foundation Launches On December 14

    Mark Your Calendar! The New NARS Natural Radiant Longwear Foundation Launches On December 14

    Beauty

    5 days

  • Want To Work At SHEfinds? We're Hiring!

    Want To Work At SHEfinds? We're Hiring!

    5 days

  • 18 Wedding Dress Trends That Are Going To Be HUGE In 2018

    18 Wedding Dress Trends That Are Going To Be HUGE In 2018

    Weddings

    5 days

  • Curology Makes Custom Skincare Tailored For Your Unique Skin... Get Your First Month Free!

    Curology Makes Custom Skincare Tailored For Your Unique Skin... Get Your First Month Free!

    Beauty

    5 days

  • Once And For All, Here's How To Heal Dry, Cracked Lips #SheFindsSoutions

    Once And For All, Here's How To Heal Dry, Cracked Lips #SheFindsSoutions

    Beauty

    5 days

  • You Can Get Wine At Trader Joe's For Under $20 (You're Welcome!)

    You Can Get Wine At Trader Joe's For Under $20 (You're Welcome!)

    5 days

  • The One Drugstore Chapstick You Should Start Using, According To A Dermatologist

    The One Drugstore Chapstick You Should Start Using, According To A Dermatologist

    Beauty

    5 days

  • 4 Amazing K-Beauty Skincare Products That You Can Get From CVS Right Now

    4 Amazing K-Beauty Skincare Products That You Can Get From CVS Right Now

    Beauty

    5 days

  • See Ugg's Collection For The New Movie

    See Ugg's Collection For The New Movie "Star Wars: The Last Jedi"

    Kids

    5 days

  • Stay Warm This Winter In One Of These Stylish Wool Coats Under $200

    Stay Warm This Winter In One Of These Stylish Wool Coats Under $200

    Style

    5 days

  • These Cute Faux-Fur Lined Merrell Boots Actually Make Us Excited For Snowy Winter Weather

    These Cute Faux-Fur Lined Merrell Boots Actually Make Us Excited For Snowy Winter Weather

    Shop

    6 days

  • This Is The Strapless Bra Every Woman <em>Needs</em> For Holiday Party Season (And Beyond)

    This Is The Strapless Bra Every Woman Needs For Holiday Party Season (And Beyond)

    Shop

    6 days

  • When Is The Victoria's Secret Semi Annual Sale & What Goodies Can You Expect?

    When Is The Victoria's Secret Semi Annual Sale & What Goodies Can You Expect?

    Style

    6 days

  • Don't Miss Your Chance To Win A SodaStream Fizzi Signed By Jillian Micheals!

    Don't Miss Your Chance To Win A SodaStream Fizzi Signed By Jillian Micheals!

    Style

    6 days

  • 4 Anti-Inflammatory Foods You Should Eat For Thicker, Stronger Hair

    4 Anti-Inflammatory Foods You Should Eat For Thicker, Stronger Hair

    Beauty

    today

  • The One Shaving Cream You Should Stop Using, According To A Dermatologist

    The One Shaving Cream You Should Stop Using, According To A Dermatologist

    Beauty

    2 days

  • The One Hair Trend That Will Be Out For 2018

    The One Hair Trend That Will Be Out For 2018

    Beauty

    2 days

  • Here’s Why Blake Shelton & Gwen Stefani May Not Be Getting Married, Ever.

    Here’s Why Blake Shelton & Gwen Stefani May Not Be Getting Married, Ever.

    Celebrity

    2 days

  • Um, Did Fergie Really Not Know That Her Outfit Was Completely See-Thru?

    Um, Did Fergie Really Not Know That Her Outfit Was Completely See-Thru?

    Celebrity

    2 days

  • 6 Reasons You Should Stop Everything And Detox With A Pink Himalayan Salt Mineral Soak

    6 Reasons You Should Stop Everything And Detox With A Pink Himalayan Salt Mineral Soak

    Beauty

    3 days

  • Hands Down, These Are The 5 Best Bras For Women With Big Boobs

    Hands Down, These Are The 5 Best Bras For Women With Big Boobs

    Style

    3 days

  • The One Anti-Inflammatory Food You Should Have Before 8am To Get Rid Of Wrinkles

    The One Anti-Inflammatory Food You Should Have Before 8am To Get Rid Of Wrinkles

    Beauty

    3 days

  • The One Chapstick That Actually Dries Out Your Lips, According To A Dermatologist

    The One Chapstick That Actually Dries Out Your Lips, According To A Dermatologist

    Beauty

    3 days

  • The One Anti-Inflammatory Food You Should Eat To Reverse Signs Of Aging, According To A Dermatologist

    The One Anti-Inflammatory Food You Should Eat To Reverse Signs Of Aging, According To A Dermatologist

    Beauty

    3 days

  • How Did Kendall Jenner Not Realize Her Top Was See-Through?

    How Did Kendall Jenner Not Realize Her Top Was See-Through?

    Celebrity

    3 days

  • Meghan Markle Was The Most Searched Woman In 2017

    Meghan Markle Was The Most Searched Woman In 2017

    Celebrity

    3 days

  • 3 Kylie Cosmetics Red Velvet Holiday Lip Kit Dupes That Are Just As Great As The Original

    3 Kylie Cosmetics Red Velvet Holiday Lip Kit Dupes That Are Just As Great As The Original

    Beauty

    4 days

  • The One Skincare Product You Should Never Use After Working Out, According To A Dermatologist

    The One Skincare Product You Should Never Use After Working Out, According To A Dermatologist

    Beauty

    4 days

  • The One Hair Gel You Should Stop Using, According To Experts

    The One Hair Gel You Should Stop Using, According To Experts

    Beauty

    4 days

  • The One Drugstore Deodorant You Should Start Using, According To A Dermatologist

    The One Drugstore Deodorant You Should Start Using, According To A Dermatologist

    Beauty

    4 days

  • The One Hair Brush You Should Stop Using For Thinning Hair, According To Experts

    The One Hair Brush You Should Stop Using For Thinning Hair, According To Experts

    Beauty

    5 days

  • The One Deodorant You Should Stop Using, According To Experts

    The One Deodorant You Should Stop Using, According To Experts

    Beauty

    5 days

  • Kylie Jenner’s Boobs Have Gotten HUGE, And We Love It!

    Kylie Jenner’s Boobs Have Gotten HUGE, And We Love It!

    Celebrity

    5 days

  • The One Beauty Trend That Will Be Out For 2018

    The One Beauty Trend That Will Be Out For 2018

    Beauty

    5 days

  • Kim Kardashian Is Being Accused Of Plagiarizing Designs For Her Kid's Clothing Line

    Kim Kardashian Is Being Accused Of Plagiarizing Designs For Her Kid's Clothing Line

    Celebrity

    5 days

  • Did Kourtney Kardashian Really Not Realize That Her Bra Was Showing Through Her Shirt?

    Did Kourtney Kardashian Really Not Realize That Her Bra Was Showing Through Her Shirt?

    Celebrity

    6 days