No spend November has been a struggle, but in a good way since I am aware of how I spend and why I spend my hard earned cash.
I am one of those people that if I have easy access to something, I remember it, but if I hide something away or keep it one to two steps away from accessing, most of the time I forget it. What is it I'm forgetting? Everything. For instance, if I keep a storage bin behind closet doors I am far less likely to go through it and donate/sell the items compared to if I leave in the middle of my bedroom. The closet doors give me an extra step that may not be too much effort for some but is enough for me to push off getting that bin and doing something with it.
The same rule applies to my money.
A month ago I put a silicone pocket on the back of my phone case to hold my licensee, credit card, and two other things. In theory this is great because everything is in one convenient place - too convenient of a place.
Before the pocket, whenever I was window shopping on my phone and would test out if a coupon worked I would not have my credit card in reach (because I never save my credit card information online) so to actually complete a transaction I would have to go downstairs to grab my purse, or sometimes to my car. There has never once been an item online I desperately needed enough to go to my car for credit card info. Therefore impulse buys were never an issue, until now.
Essentially the silicone pocket does not prevent the impulse buys since my cards are technically always in my hand (if my phone is in my hand). So why not take the pocket off, or not have my credit card with me? Since I am so forgetful in the short term I want to make sure I have it on my for groceries, but that reasoning is starting to have less weight now that I noticed my spending habits with this phone pocket.
On the plus side the set it and forget it rule works wonders when using it for savings. One site that works off the same principle, called Digit, calculates an amount per week that it determines I won't miss and places it into an out of sight out of mind savings account. If you sign up through a friend your friend automatically gets five bucks, so if you want to start saving sign up today through my personal link.
Money spending is a science, it just needs to be broken down into mini pieces and handled that way for any progress to grow. Don't make your money easy to access and it'll have time to accumulate into an emergency fund, or whatever you need.
Digit is a free texting-based service, so it always keeps you up to date on your automatic savings.