Wednesday, September 24, 2008

Looking back: Did I really use money wisely or was it just my imagination

I had been reading Trent's blog The Simple Dollar, when the idea of doing this exercise struck me. Over the last year I have grown to be much more careful with my money and wary of wasteful expenses...or so I think. I am going to put this notion to test. I'm going to look at all the things that I bought this year, that are over 50$. And see if I have just bought things that are useful, or I have also collected some junk. I can already see that it is going to be fun. It will be easy to do this exercise because I usually jot down all my expenses, with a short note on what item that money was spent on. If I have time, I'll also try to evaluate the expenditures between $25 and $50, but for now, I'm sticking with $50 limit. Let's see...this is going to be interesting.

January expenses over 50$

Breakfast bar - being used almost daily
my shoes - used almost daily - now worn out
BEB's hoody - impulse buy - but used quite a few times


BEB's jacket - Used it a lot last winter, took it to Lake Tahoe trip
My training pants - Currently using them a lot in gym
BEB's Jeans - Has been wearing them day in and day out


My bag - BEB bought it as a gift for me, the most expensive bag I've ever had. I had used it a lot during India trip.


Patio set - Have not used it as much as I would have liked and summer is almost over.

Sewing machine - Not used it a lot, although I sew a skirt and a bag and repaired a couple of clothes. So its not a total waste but could have been used better.


My clothes - I consider it money well spent. I have never felt the dearth of clothes after that shopping. And I love the clothes I bought then, am wearing them everyday to work.


Food Processor - This was a long pending item, but we still bought it on impulse. Although we use it daily. I still feel that we overpaid on this item. Lesson learned - never go to a store when you're to exhausted to compare and check.

GPS - the verdict is still out on this one. We do use it when we travel out of the city and on those rare ocassions its a life-saver.

Bed - It was a delayed purchase that we should have made an year ago. But I couldn't be happier when we finally bought it. Its good.


Sofa - This may get the award of best purchase of the year. We bought a very lightly used one and the price at which we'd snagged never fails to amaze people. We spend most of our time at home on it and we just love it.

Biking gear - We used it for a month but then we started going to the gym, instead of biking and now it is not being used that much.


My clothes - These were solely want based purchases, but I have been wanting to buy these kind of clothes for almost 6 months, and now that I have them, I just love wearing them. Pls I got them at a super low price from the clearance racks. I can't classify these as bad purchase.


Gym membership - so far so good. We have been going almost daily.
Bathroom accessories - This is also one of those "nice to have" purchases. We didn't really need them, but then I got tired of our dull looking bathroom, so we just went ahead and got them.

The verdict - Except for the patio set, there isn't much that I can classify as bad investment. So I can pat my back on this one and can reassure myself that I have gotten better with money.

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