No-Purchase Agreement

March 7, 2018

I'm sure you've heard the name. Dave Ramsey. He's one of the best known financial advisors ever. He's harsh, strong willed, and very passionate about money and how you should be dealing with it. Michael started reading his book right after Adilynn was born and has been on a "Dave kick" ever since. Our first big goal was to pay off my car. Michael worked hard at putting the numbers together, keeping us on track, and putting money away so that we could accomplish this goal. It has all spiraled into something bigger ever since. 
In the past year, we have saved and moved around money that had already been saved to pay off both of our cars, set up our emergency fund, and are now working on getting car funds set, setting up investments, and building college funds. It's crazy to sit down and see all that can be accomplished with a little bit of planning and assigning where your money goes instead of asking where it went. 

If I'm being honest, M is the driving force behind this. He tells me how much we have left to spend for the month, pulls out our weekly cash, and has set up our online app that tracks where our money goes. I'm definitely the one who plays along. Probably not my best stance to take but it's easier for me to just know how much I have to spend or not spend. 

So, I got to thinking about how I can contribute in a little way to help out in my own way. M isn't a big spender. I swear he has clothes that he use to wear in high school still in his closet. Now me, on the other hand, I love a good weekend trip to the outlet mall or a quick amazon purchase here and there. Especially since having Adi, because what girl mom doesn't obsess over new clothes for her baby girl? 

But do Adi or I need that many different outfits to wear? Although my first instinct is to say "absolutely" the better answer is probably not. So I decided to create a no-purchase agreement that I signed and hung up on our refrigerator. In it, I agreed to not purchase any new clothes until June 30, 2018. If I do make a purchase, M gets to pick my clothes out for a whole week. (Lord help me).  I decided to start with a realistic timeline because, well I know myself. I figure if I can start out strong, then maybe I can make it even longer than I think and can help continue to save money for other, more important things. 

I'll be checking in each month so that you all can keep me accountable and on track. I'm going to have to get creative on some outfits because my body just hasn't been the same since Adi was born but I'm going to take this challenge head on and see where it leads me. Have you every shopped your own closet or made a challenge to not purchase any thing new for a specific amount of time? How did you stay on track? Give me some of your best tips. 

1 comment:

  1. This is amazing friend, I am so so proud of you! I have to be honest - I don't think I could ever do this!