Besides vacations it’s been years since I’ve purposely set aside money to save for something I’ve wanted. It’s always been much easier to somehow justify and throw it on a credit card and worry about paying it off afterwards.
Luckily for the most part I don’t usually spend much money on myself, but I do have my moments and when I do it’s usually something more expensive than a small treat.
Starting tonight I’m going to try an experiment and stop that. When I look at my life there is absolutely nothing I need, so I’m going to stop spending money on my wants and instead put money away for something specific.
When we were in Park City one of the most enjoyable things I did was go for a bike tour. It had been years since I’d been on a bike, but in my younger years I did bike a lot. A number of years back now I purchased a bike again with the intent on using it to lose weight and excersise.
The bike was cheap and not even the right size for me. One of my very first rides on it had me over the handle bars because things weren’t tight enough and when I turned the wheel didn’t turn with me. That and being very overweight made it awkward and really hurt my rear so I almost never rode it.
Yesterday I took it out for a spin and things are seized so the brakes don’t work well and I can’t switch into most of the gears. Even with that I still had fun though. Having lost weight it doesn’t hurt by butt nearly as much.
While I was away though I got it in my head that I was going to buy myself a new half decent bike. The day before yesterday I went down to the local bike shop to talk to them about what I was looking for and price point. It looked like we found something they had in stock that would work but more expensive that I was looking for so I walked away. Turns out that was a good thing.
Right before I left for the meetup I had taken the car into get an oil change and checked over but it needed more work. So I left it at my mechanics while I was gone so he could take care of it. Today I went to pick it up and found out how much I owed. There goes my bike for now.
That and other conversations got me thinking. As an experiment I’m going to stop buying any of the extra things I want, or treats I might see and start actively putting that money away to save for a new bike. That way maybe in the spring I’ll have saved a fair amount to put towards it just in time to enjoy it.
As there aren’t many things I treat myself on the one big thing I see is coffee. I drink a lot of coffee so after I run out here at home I’m going to give it up and start saving that money instead. But there are other times where I’ll randomly buy myself something I don’t really need as well, that will stop too.
I figure this will do a couple things. One it will start getting me back into a more disaplined state with money, and when I do buy the bike I won’t feel guilty about it because it will be like I earned it.
5 thoughts on “Saving Money”
I’m a big fan of YNAB for mapping out where my dollars each go & also use a Simple account for my personal “fun” spending money (like when I want to save for something just for me or buy lots of books guilt-free) because their app is really nice.
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Oh! And I’m also saving up for a new bike now too! 😀
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Sounds like a plan! How much did they recommend you should spend? There’s also eBay. You can get some good bikes on eBay second-hand and consequently cheaper. My own bike, Busby, was bought second-hand on eBay. Just make sure you choose a good one that has been looked after. One nice thing about a second-hand bike is that people are less likely to steal them.
The one I found that was a pretty entry level mountain bike that would do well from trails to road was about $700. I did find some second hand but I’m a bit leery because I don’t know enough to know if I’m getting a good deal.
I figure $700 is not bad and I know it will be brand new with some warranty. The shop is great too.
Fair enough. That sounds reasonable.