Has it really been four years?! I started my debt repayment journey back in late 2010 after my divorce, reached a halfway to debt freedom in November 2013 and somehow veered way off course for 2014.
The sad truth – I am back at square one.
How’s that for cold, hard honesty?
As I look back at 2014, I realize my error, my one big error – I was LOST. I wandered through 2014 paying no attention to me. My heart, my mind and my emotions were steering me in all different directions creating complete and utter chaos.
What transpired for most of the year was the unleashing of the Spenderella fashionista within and I lost complete and total control over my spending. There were only TWO months out of all twelve in the year that I managed to come in well within my budget.
I’m tattered and bruised from 2014, but the tenacious spirit I am is standing tall, dusting herself off and ready for THE biggest challenge yet – a year of no spending in 2015. Specifically, I am ridding myself of my biggest vice – FASHION, and am committed to not purchase any more stuff that is unnecessary.
Where did my money go in 2014?
If I had a word or phrase for 2014, it would be RIDONKULOUS EXCESS.
Top 5 Spending categories:
Shopping: Clothing 30% What house? Ahem. #1 reason why I still live with family and am in debt.
I will say this much, it was absolutely mind boggling going back through all the transactions for Shopping in 2014. And I went through EACH. INVIDIVUDAL. TRANSACTION. I had to know how many times I shopped, where I shopped and attempted to figure out the why. Sifting through it all, I felt many things – sadness, disappointment, anxiety and most of all anger.
Car Payments: 10%
Goals – Time for a change
I thought I had it all figured out with my “SMART” goals in 2014 and ended up strapping myself with three pages worth! Who has three pages of goals? Out of 27 goals classified into Money, Budget, Website, and Personal, I achieved only five goals. FIVE!
My goals were too lofty and for 2015, I am thankfully simplifying to make it focused and easier on myself. Watch for that post later this week.
I’ll readily admit that I didn’t want to do a 2014 Recap, as I felt so disillusioned with the entire year and myself. But, the honest soul I am would not let it go; I needed to let everyone know that I achieved very few goals, increased my debt load and let Spenderella out to play too often. It happens, no one is perfect and now it’s time to unleash minimalist Saverella and for the record, KEEP IT THAT WAY FOR GOOD!
2014 has taught me never to quit, and to work smarter and harder toward my financial goals. Whether its writers block on the blog front, trying to get my budget right, or fight the fashionista within, my tenacious spirit will not allow me to go down. EVER. I will fight to the very last…
We are four days in… ARE YOU READY 2015?! I AM.
2015 is the year of fearless. FIGHT, FIGHT, FIGHT!
There’s more “This is My Frugal Dad” coming for 2015! In addition, my journey to minimalistville continues and my big challenge: The Frugal No Spend Year Ahead – Lust for Life not Stuff.
How was 2014 for you? What is your advice for a no spend year?
ICYMI: Top 5 Posts of 2014
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