January’s Review and my 2020 YEAR OF SAVINGS begins.

white money printed card
Photo by Oleg Magni on

If you search my blog, you will see I deleted everything about a No Buy Year.  I’m not interested any more.  It felt punitive, and I felt like a copy cat.

animal pet fur head
Photo by Pixabay on

I’m much more interested in saving money, than spending less.  I know one begets the other, but I will automatically spend less if I save more, right?  MORE SAVINGS = Less spending, so why nickle and dime my daily spending?

My 2020 Year of Savings is now in full force, and January’s numbers prove it.

  • Amount sent to savings:  $2500.00
  • Extra sent to my mortgage: $3000.00

Yep, this feels much more positive than beating myself up for purchasing a lipstick.

Still accomplishing the ‘why’, but in a more upbeat, positive way.  Anyone else with me?




10 thoughts on “January’s Review and my 2020 YEAR OF SAVINGS begins.”

  1. YES! I started as no spend and have changed my approach.
    Instead I put a sticker on my computer. “Be mindful of what you are about to buy . ” it looks like we will be sending 1/4 of our income to savings. Next month will be less since we will be paying the tax bill for converting some of our traditional IRAs to Roth. The “money saved” will pay that.
    Great job on your sweep into savings this month!

  2. Good for you. A no spend for a month at the most can be a good ‘reset’ but seriously, unless you are a hoarder type shopper or a hobby shopper in the extreme i think sensible shopping and savings works better. i’m going to try the something called the ‘Vicky Challenge’ starting in march where everytime i figure i do something that saves money or i dont spend on something i was going to im going to document that and put it in a seperate account. my apologies. it seems my keyboard has forgotten how to capitalize most leeters and the new one has not yet arrived.

    1. Hi Barbara,
      Yes, it’s great to keep in check with a journal. What a great idea to take the ‘savings’ of what otherwise would have been an expense in a separate savings account.

  3. Hi Sharon! Great start! And, I agree with you, a “year of savings” has a much more positive ring than a “no-spend year”. We are in that boat this year also since we are saving for a couple of major expenses (multi year things). We almost have enough for the master bath remodel, and the next thing will be a car replacement for hubby.

    1. Ah. We thought about remodeling our master bath but the cost was ridiculous. PLUS, it’s highly likely that we will be moving in 4 years when my husband retires.
      Positivity is my focus this year. 😉

  4. I’m also trying to save this year. Mindful of every cent I spend and tracking everything. Biggest saving is food – I check flyers for sales now and price match. Shopping at a cheaper store and meal planning. I treat it like a game and I am actually enjoying it!

    1. Yes, when you put a positive spin on spending less, it makes it fun, not punitive. I saved tons of money this month on getting rid of cable, sharing apps with my daughter, and shopping wisely. It is fun, and watching my mortgage go down and my savings go up is AHMAZING. 🙂

  5. Absolutely true that mindful spending and tracking leads to wonderful debt reduction and savings increases! Over a period of 10 years, we paid off both mortgages and came to living on just 33% of our total income. I retired last year at age 58. Dreams DO come TRUE!

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