It’s the last weekend of November 2021, and the No-Spend personal finance challenge is coming to an end. That means it’s time to put my cards on the table for internet accountability points™.
At the start of November, I intended to endure four weeks of restricted spending. But in actuality, I didn’t make it past three weeks. On the 19th, I pulled the trigger on a new OLED TV at an all-time low price, and all bets were off. You can see that trend reflected in my Mint stats in this screenshot:
Why did I flagrantly violate the challenge’s rules and undo weeks of saving in a single click? I explained it in this post, but I had been toying with the idea of upgrading my ageing 1080p TV for a few months. November has some of the best TV prices of the year (Black Friday), so it was a toss-up between spending less now or preserving my pride and spending more later. I told my pride to take a hike.
While No-Spend November Technically Knocked Me Out, it’s good to know I can somewhat comfortably endure periods of restricted spending — in this case, three weeks.
In this consumerism-driven world, honing one’s ability to resist spending temptations is especially crucial: Every day, markets assail our senses with clever adverts and conspire to drain our wallets. It’s not all bad — and many goods and services do provide legitimate value. But as for learning how to separate the marketing wheat from the chaff and exercise self-control? You’re on your own.
While I won’t be continuing the No-Spend challenge, I will continue to monitor my spending and identify areas of improvement. The Mint app is particularly helpful for gaining insights about your spending habits — check it out if you haven’t already!
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