Budgeting Bloggers

When I first graduated college and started my job, I had more money and time than I had ever had before. I spent a lot of time at the mall buying clothes, partially because I could and partially to fill some kind of closet and emotional void. Fast forward a year, I now have more bills and the foresight to realize that having a savings account is probably a smart thing to have. I gave myself a budget of $150 a month to spend on clothes and cosmetics.

At the end of each month I share what I bought, and how I tried to save money on each of these purchases. I started Budgeting Bloggers so that we can hold each other accountable for our monthly budgets. I'd love for you to join in!

May 2012 Budget
June 2012 Budget
July 2012 Budget
August 2012 Budget
September 2012 Budget
October 2012 Budget
November 2012 Budget
December 2012 Budget

January 2013 Budget
February 2013 Budget
March 2013 Budget
April 2013 Budget
May 2013 Budget
June 2013 Budget
July 2013 Budget
August 2013 Budget
September 2013 Budget
October 2013 Budget
November 2013 Budget
December 2013 Budget

January 2014 Budget
February 2014 Budget
March 2014 Budget
April 2014 Budget
May 2014 Budget

39 comments:

  1. Hi! I just found your blog through Seventeenth and Irving. I constantly struggle with setting a shopping budget for myself, and blow through whatever I set every month. How did you come to the $150 number, and do you include beauty products and makeup in your totals?

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    1. Great question kh. When I was trying to figure out my budget, I read a few articles on budgets that said you should spend 5-8% of your income on clothes. $150 is about 7.5% of my monthly income, and it was a nice round number to stick to. I include certain beauty products/makeup into my budget. For example, I don't really count necessities, such as face wash/moisturizer/body wash kind of things into my budget. For me, I use the whole bottle of what I buy, and then buy a new bottle so I'm not really a product hoarder. Most make-up counts towards the total though, since I choose to buy Sephora makeup which costs a pretty penny. My biggest piece of advice for sticking to a budget is just starting a spreadsheet, and recording what you spend. Once you hit your total, don't go any where near temptation (that includes online!). It also helps to let those close to you know about it - my boyfriend and mom hold me pretty accountable! Good luck and let me know how it works!

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    2. So fun! I want to start a blog just to participate in this. Is it 5-8% of income before or after taxes? Reading you budget savvy folks make me feel guilty... This will inspire me to say NO to my nth pair of Frye boots...

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    3. ^^ yes please!! When I used the percentage, it was after taxes. I am now living on student loans so it's a bit different for me, but I feel that's a pretty good percentage number to stick to. I feel you on the boot purchases ;)

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  2. Great advice, I've never really set a number or percentage for my clothing allotment, but I know I need to be more conscientious about my spending. This post made me reflect on my habits and I tell ya what, it's not looking good for the home team, I'm sitting here like man, I BREEZE through some cash. A lot of times I justify my spending by saying " Well, I did put money to the side" but in reading this post, I realize I should be saving WAY more than I do. Thanks so much for sharing now, it's time for me to reflect on this lesson. I will be praying for discipline with my finances and maybe even jumping on board with you!

    New Follower-
    Maya D
    www.perfectlyimperfektme.blogspot.com

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    1. Hi Maya! I was exactly where you are now - I never knew how much I spent until I finally added it all up...and then I realized I can't spend my money like that. I would love to have you join us monthly, even if sometimes we become shopoholics anonymous instead of budgetting bloggers ;)

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  3. HI Franziska!

    I'm going to come along for the ride... I will start next month. I think this will help tame me and my spending habits a bit. I really appreciate the offer, you're such a doll :)

    xoxo
    Maya D

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  4. I will be joining you. Even though I am getting rid of one item a day on my blog I am still giving myself a $150 budget.This is greatly reduced from the past and will make me make better more long term wearable purchases.

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  5. Fantastic Website ... Love it! I found you on a Linky party somewhere (can't remember where, sorry) but I will definitely be back! pippa
    www.shopwithpippa.com

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  6. ooh I am totally in for April! I hesitate to start this month because I've already done a bit of shopping... April I'll be able to start with a fresh and ready mind.

    excited about getting my shopping and budgeting under control!
    Mary

    circlecitytwentysix.wordpress.com

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  7. Okay, girl, I'm joining you in April. My husband and I have a goal to move in two years, and I have a lot of money to save for that venture. I expect you to hold me to a budget. Do you happen to have any tips/tricks for sticking to a budget? I need all of the advice I can get.

    -Danielle
    littlebitofwowe.blogspot.com

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  8. How do we link up with you for budgeting bloggers? Would love to be a part of it!? I have started keeping track of what I am spending, creating wishlists, etc. Let me know how I can join!

    www.corporategirlstyle.blogspot.com

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  10. Where and how are you selling your clothes?

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    1. I initially started selling on ebay - mostly "bigger" name items like J.Crew, Banana, North Face kind of items. I've sold a few things on poshmark but I haven't had too much luck with that, and then recently I've taken items to consignment stores like Plato's Closet. They're weird though about what they take and dont' take, so it's really hit or miss.

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  11. Oh Fran, I just got a new app (LearnVest- pretty cool) to help me get my finances together. It categorizes your spending for you if you link your bank account and holy COW and I am WAAAYY overspending on all things unnecessary! Clothes and makeup are the worst for me. I plan to try and go cold turkey- nothing unnecessary in June and I know it will be hard. I've got to get it together and put my money in more important places! Thanks for your inspiration. I plan to set a much stricter budget and stick to it! ASAP!

    Jessy
    http://theshoestringfashionista.blogspot.com/

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  12. Amazing blog! Very inspirational. :)

    Two questions:
    Do you budget for your other areas of spending as well (e.g., groceries)?
    Do you use any particular apps or software to help you calculate and track your budget?

    Stay stylish,
    Kristen

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    1. Thank you Kristen! To answer your questions:

      in general, I don't really have a budget elsewhere because I can really hold myself back on buying groceries and so much. I have a general amount I want to stay under each month, but it fluctuates based on if my boyfriend is currently doing his rotation here or in a different city (I feel I'm always paying more when he's here!). We spend pretty much the same amount every time we go grocery shopping. Almost all of the rest of my money goes into savings or to bills, so bills kind of do the budgetting for me!

      I don't personally use any apps/software. I save a picture of what I buy into a specific folder with the amount in the name of the picture, and then I kind of have a running tally in my head. I know many use Mint and have great success with it!

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    2. Excellent! Thanks for the reply. My brain is not wired to be financially-inclined, and as such, I seem to just buy what I want, when I want. A system that seems to be working ok while I'm a SWF with a lot of disposable income, but likely not sustainable long term. :( I looked at Mint the other day and it seems like a decent platform. I like that it links with your bank account.

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  13. I just saw this post and your blog via Dash Dot Dotty's blog. This is a great post. Kinda makes me feel a bit better about my spending habits too. Great advice. I am going to start keeping track like this.

    Thanks

    Robyn xo
    www.whats-hanging.com

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  14. Hi! I saw this group via thecreamtomycoffee.com and I got interested :) How often do you guys post? End of the month or first of the month for the previous month?

    Thank you! :)
    rheetcetera.com

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  15. I have a question about your Madewell bag. I'm thinking of buying same bag, but am a little unsure. Were you able to get it with any discount (or doesn't Madewell do those)? And does the bottom the the bag have any reinforcement? It doesn't look very structured.

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    1. Kathy, if you purchase in-store, Madewell has discounts for students. I have a Madewell bag (different model, but all leather) and it's such great quality and so durable!

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  16. Oh my god. I'm so incredibly happy to find your blog!

    7% Solution

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  17. Oooh are you still doing these? I do the same thing and was just thinking how I needed to do a "what I got for super cheap" post on my monthly shopping trips that total under $100 (my shopping budget). I definitely want to link up.

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  18. This is a great advice for all who are graduating and who just finished their studies. Not all can do this but some will do. I like the article, and I am linking it to http://prodscore.com/

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  19. This is great advice - it would have so helped me when I graduated! I do some sort of semblance of this now, married life calmed down my spending a bit :)

    agirlandhersparkles.blogspot.com

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  20. this is such a great idea! I have problems holding myself accountable when it comes to shopping. My wish list seems to be perpetual. Perhaps I will join you;)

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  21. This is such an inspiring idea, especially as a graduate student living on a TAing stipend haha. I was wondering if, for example, you're under budget one month, do you let that difference transfer over to next months allowance?

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  22. also, what do you do about "bigger" purchases?

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  23. I am so inspired by your blog! Thank you. It really resonates with me, as I've also come to the realization that I need to be accountable for my shopping and be conscious about what a reasonable budget for me is. I've decided to join you in your budgeting crusade and would love to become part of your budgeting bloggers community. I've just created my own blog to chronicle my adventures in budget management. I've been keeping track since January and even though I'm 2 months late, I plan to catch up on posts about Jan and Feb this weekend. I'd love for you to check it out and include me as part of your group. Cheers! http://citronetlimon.wordpress.com

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  24. I LOVE this concept! I just started blogging, mainly because of my budgeting habits and find it really hard to navigate the web for budget specific bloggers. I've spent so much time combing through Bloglovin and Link Ups just to find bloggers posting clothes that I could never dream of affording. I myself have started out with giving myself a $200 monthly budget but have recently decided to halt all my shopping in order to save and will be writing about my journey.

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  25. Hey there, love this idea! So smart and yet really helpful to other people/bloggers etc. I am a fashion blogger and would love to be in on it to! Anything special I need to do? I would love to ad this monthly review to my blog (plus it would help me loads in tracking what I buy ha ha)
    Cheers,
    Hannah

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    1. Hi Hannah! I hope you'll join us each month! All you need to do is link up your post, and then make sure you mention to your readers that you're linking up. Can't wait to see what you get!

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  26. I'm finally making myself round up my May purchases in order to make myself a shopping budget from here on out. It's time. Thanks for the inspiration! :)

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  27. Thanks for inspiring all of us. I think it also time for me to finally take control of my money and budget it wisely.

    -Taking control of Money
    http://takingcontrolofmoney.com/

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  28. I have been reading your blog for a couple of months now. I really enjoy it - we are a similar height and build, so your reviews in particular are very helpful. I am also a grad student, so have to deal with some of the dress code concerns you seem to face in medical school. I will start budgeting with you in August and look forward to it!

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