Intentional Spending Plan

As mentioned here before, Chad and I try to be creative about what we do for our weekly date night. The beginning of a new year always feels like a great time to do a life assessment, so we sat down together just after the turn of the year to discuss our goals for 2018 as a couple.

I heard a radio show about one of my favorite authors’ “year of no shopping” and  mentioned this to Chad. During our date night discussion I brought this up again and asked if there was some way we could be inspired by this idea. We ended up coming up with our own version of it and had a lot of fun doing so. We’re calling it our “Intentional Spending Plan,” aka, “Voluntary Simplicity.”

Rather than make a blanket statement that there would be no shopping at all, we came up with a list of categories, then discussed whether we could do without buying anything at all in certain categories or whether we wanted to allow ourselves a limited number of purchases.

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Leo is on board for less shopping and more play!

Considering these potential purchases in categories helped both of us to see purchases in a new light. While neither of us would consider shopping a recreation or hobby, we both admitted that there are times when we buy things just for fun rather than out of need. Even when you shop mostly at thrift stores or antique shops as we do, you can still end up with more clothes than you’ll ever wear or more doodad’s than you have shelves for.

My personal weakness is books, which I tend to buy very liberally, ending up with a backlog I need to read. By creating a limit of how many books I will buy this year, I will have to choose my purchases more carefully and can finally get to reading some of the ones that are already on my shelves.

One of the other areas where we are both no-holds-barred spendthrifts is on seeds. While working on our intentional spending plan we made what we thought was a very frugal allowance for the number of seeds we would buy for the upcoming planting season. After making an inventory of our seeds and discovering that we already have, for instance, over 50 winter squash varieties, we ended up reducing this even further.

All in all the point of the exercise for us is to keep moving away from a consumer mindset. Consumerism as a way of life can be very hard to avoid. TV was once advertisers’ medium of choice, but now the internet and especially social media are littered with advertising. It can be a challenge to resist these highly personalized marketing attempts – they know what we have been googling and what our weaknesses are.

Stuff requires resources, and both of us would rather leave resources in the natural environment and dedicate our own funds to charity, experiences, and savings. And as a new couple still laying the foundations of our relationship, this was a more entertaining way for us to talk about finances than sitting down and coming up with a traditional budget together.

As we start 2018, we both have our intentional spending plan checklists and are excited about using this to make spending choices throughout the year. We’ll report back to you in 2019 and let you know how it went!