Jan 15 2011

no retail shopping cost analysis [day 233]

Several people have asked me to compile this information, so here it is to the best of my knowledge.  I did not start this challenge to save money, although it’s been a nice benefit.  Here’s a few of the details, and I will be tracking this more going forward.

My bank records don’t go back to the start of the challenge in May, but I was able to grab the last six months.  I rarely pay cash for anything, I mostly use my debit card, so this is a pretty accurate picture of my retail shopping.  The retail amount spent during the challenge is at thrift stores or retail places that carry used merchandise, such as Half Price Books or Plato’s Closet.  Here’s some interesting data.

Savings: $1,767

Again, this was not by purpose, but it’s a nice benefit.  My finances feel better, as I’m not always broke and I feel like I’m living within my means.  It doesn’t feel like I’ve made sacrifices either.  I’m buying less, but making better choices.  What does that mean in layman’s terms?  I like and appreciate the smaller amount of stuff I do get, and less sits around collecting dust.

Thrift store shopping up 70%

Before the challenge, I shopped at thrift stores for 3.4% of my purchases.  Now it’s 73.8%.  What does this mean?  It means I’m getting things for a fraction of the retail price, and in the process, supporting local charities while keeping stuff out of landfills.

Behind the scenes

Looking at my expenditures was a little scary.  I spend way too much money on eating out and in fast food places.  My craigslist purchases are not reflected in the chart, as these are cash transactions.  I made 2 major purchases for about the same amount.  The first was before the challenge, my living room leather furniture for $700 (retail $3500) and the other, during the challenge, the hot tub that I blogged a week ago.

There’s a lot more data and things to report in this area, so stay tuned.  Anything you want to know about the challenge that I’ve not posted?