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7 Spending Freeze Strategies

January 4, 2018 by jessica 3 Comments

Spending Freeze Strategies

The holidays just ended and we’re already bombarded with store emails promoting sales and spring merchandise. As much as I want to head full bore into spring shopping — the dresses! — I need to take a step back and let my bank account breathe. I don’t feel like I’m in a comfortable spot with my finances right now. Holidays aside, a big part of that was buying a house last year and taking a fairly large chunk out of  my savings account for things like floor refinishing, paint, hardware, tools, and furniture. I need to get back on track, and taking a month off from nonessential purchasing should help with that.

Let’s be honest, though, this challenge is incredibly difficult for any of us who love fashion and the promise of a spring wardrobe bursting with all of the bright colors, gorgeous prints, and airy fabrics. But, I need to keep my eye on the prize: a healthier financial situation. Here are seven strategies that I’m employing to keep my spending in check this month:

1 – Remember the bigger picture. Going from December, a month of expected overindulgence, to a pared down thirty-one days isn’t the easiest. Keeping the bigger picture in mind helps to remember why you’re doing this in the first place. Do you need to pay off credit card debit? Pad your bank account? Reduce the stress of having too much stuff? Whenever you feel deprived of being able to buy something unnecessary, remember what you’re working toward.

2 – Be grateful for what you already have. You know that closet full of fun things you love and wear? Yeah, go hang out in there whenever you’re feeling the urge to shop. I’m all too familiar with the feeling of fashion FOMO, but there’s likely an abundance of amazing things in your wardrobe that you should be grateful for. Take time to organize your closet and rediscover old favorites, then challenge yourself to reintroduce them into your weekly rotation or remix them into new outfits. (This same idea also applies to housewares, if that’s your weak spot. Try moving decorations to another room to freshen things up.) At the very least, use this time as a chance to carefully evaluate what you own, what you’d like to get rid of, and what holes exist in your collection.

3 – Wish list everything. I have a private Pinterest board that I use for each sartorial and home item that catches my eye. It’s an easy way to add some breathing room to a potential purchase and make sure it’s something you actually want. (Oftentimes, I find that once I add an item and think about it for a week, the piece has already lost its luster.) There will be a longer cooling off period with an entire month, and there’s a good chance it’ll be on sale next month if you’re still enamored with it.

4 – Practice mindful purchasing habits. If you’re narrowing your purchases to just the essentials for a month, you’re already on track to start employing mindful purchasing habits. It really just comes down to being more aware of what you’re buying, how much money is actually leaving your account (or adding to your credit card balance), how that item will be used, and how you’re feeling when you make that purchase. After this month is up, continue practicing these habits in February with a bit more freedom. Are you shopping out of boredom or do you actually see yourself putting that new item in heavy rotation? If it’s the latter, go for it, as long as you have the money in your account and already earmarked as disposable income. Remember, though, for everything you purchased in the past, you were as excited for that as you are for your upcoming purchase. Make sure it’s really something that will add to your life rather than fulfill an immediate desire.

5 – Try new recipes. Dining out is a huge line item for us. It’s unrealistic for us to cut it out completely, so we’re planning to go out to eat just two or three times this month rather than every weekend. To keep things fun and date-like, we’re planning to try new dinner and cocktail recipes instead of relying on the old standbys. It’ll be cheaper than dining out and great activity to share together.

6 – Explore [free] activities. Check your city’s newspaper and online event calendars to find free activities. If you’re in a mid- to large-sized city, there are typically free festivals or concerts that you could go to. If it’s just too darn cold to leave your house, start a Netflix series you’ve been meaning to watch (I just started The Crown), check out an e-book from the library, or finally try some of those Sephora samples that are piling up in your bathroom cabinet. It’s also a great time to reorganize your closet, kitchen, and bathroom.

7 – Enlist a partner. Whether it’s your significant other or a good friend (IRL or online!), having a partner who is also cutting out unnecessary expenses can help keep you accountable.

I’m hopeful that the challenge will also make this year’s sartorial purchases more rewarding. I’ve been putting a small amount of money aside per paycheck and some blog revenue into a savings account dedicated to the Gucci bag I’ve been daydreaming about. I’m almost there, but splurging on it now would feel irresponsible. I’m working my way toward a 2018 goal of “fewer, better things,” and a financial reset button seems like a good way to reframe my outlook on spending. It’s really easy to caught up in impulse spending, new items, and cheap thrills. Those things add up, and while it’s not to say I won’t partake, I want to become more mindful of doing so.

Let me know if you’d like to join in! I’d love to do a link-up at the end of the month to share our successes and struggles.

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Filed Under: Budget, Lifestyle Tagged With: Budget, budget strategies, how to budget, spending freeze strategies

2018 New Year’s Goals

January 1, 2018 by jessica 9 Comments

New Year's Goals 2018

FEWER, BETTER THINGS

I know this is the Cuyana tagline, but it makes so much sense for where we are in our lives. We have a lot of possessions — which became evident when we moved — and the last thing we really need is more stuff. I’m trying to get out of the habit of impulse purchasing or feeling like I need something new to scratch an itch, or in terms of our home, feeling like we need a transitional piece that acts like a placeholder while we hunt for “the one.” I have a few lofty items that I’d love to own this year, namely the Gucci bag I’ve been saving for, wallpaper for our stairway, light fixtures for the entire house, and a dining room table and chairs. Having clearly defined purchases makes it easier to pass up the impulse items. I’ve also thought about limiting myself to just one or two sartorial pieces each month. It’d be an interesting challenge to whittle down a wish list to just a couple of purchases, but I could see it sucking a lot of joy out of fashion. Maybe worth trying for a few months, though!

TRAVEL SOMEPLACE NEW

This perennial resolution is my favorite. I think it’s important to expand my horizons and see a different part of the country or world. Plus, it’s so much fun to experience a new location! Last year we only took one vacation, and fortunately it was to a new-to-us location: New Orleans. It was difficult to justify additional travel when we just purchased a house and were feeling financially stressed as we adjusted to a new budget. Hopefully we’ll have more travel flexibility this year. We already have London on the books for April (with the flight and hotel already paid for, so that’s taken care of!), and have toyed the idea of going to Iceland for a week in the summer. I’m not sure if Iceland is realistic, so we have a couple of domestic ideas in mind. (After last night’s subzero temperatures, I wouldn’t mind ringing in 2019 somewhere with a beach!) And, while this is more than a year away, I promised Dave that we could go to Japan in 2019 or 2020. (Maybe if I write it down here, I’ll feel accountable for making it happen?)

MOVE MORE

Challenging myself to lose a certain amount of weight or commit to an ambitious workout schedule isn’t going to happen. However, I am looking to make healthier changes to my lifestyle in 2018. (Gone are the days that I could reliably lose weight just by reducing my calorie intake!) I’m starting an exercise regime that I can accomplish at home (twice a week sounds realistic to start) and once the weather gets nicer, I’m committing to at least one bike ride a weekend to get out an enjoy our neighborhood, Madison’s parks, and the surrounding lakes.

AROUND THE HOUSE

When we purchased this house, we knew there’d be a lot of work to do to make it our own. It was largely abandoned and hadn’t been taken care of or updated over the years. We’ve made impressive strides in the first six months of ownership, but there’s still a long list of things to do! We keep a shared list on the “Notes” app that allows us to jot down every project that comes to mind so that we can prioritize them. I won’t get into all of the projects, but some that I’d like to do tackle this year include:

  • Finish painting the trim and doors.
  • Finish painting the hallway and ceiling. (We’ll need a professional painter for part of the wall and ceiling that we can’t reach over the stairs.)
  • Repaint the guest room since we hate the grey we originally picked.
  • Replace the storm door at the front of the house. It’s in such poor shape and incredibly ugly.
  • Replace the remaining light fixtures … for seven rooms.
  • Buy a dining room table and chairs.
  • Purchase a living room rug, preferably vintage.
  • Add a screen door to our back deck.
  • Have a contractor come in to give us quotes on renovating the bathroom, closing off the opening between the master bedroom and guest room, and renovating our front porch/sun room. (It was originally a porch, but had been closed in at some point. We’d like to add more windows and give it an interior face lift so it’s a space that we’ll use.)
  • Get quotes on wallpaper installation for the stairway. (I’d love to make wallpapering a priority for 2018, but it all comes down to money.)
  • Get quotes on skim coating the kitchen to get rid of the awful textured walls.
  • Have an electrician install exterior outlets.
  • Resurface the driveway and add a parking pad to the side of the one-car garage.
  • Add exterior lights to our side entrance and the garage.
  • Paint or stain our deck and front porch.
  • Figure out window coverings. We’re likely going with roller shades because they fit the period of the house and they’re affordable.

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images: 1, 2, 3, 4

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Filed Under: Lifestyle Tagged With: new year's goals, new year's resolutions

Weekend Reading

December 30, 2017 by jessica 1 Comment

Weekend Reading 12.29.17

There are two more days left of 2017 and I can’t wait to bid adieu to the year. Sure, there were some fantastic moments that I’ll cherish when I look back at 2017, namely buying our first home, visiting New Orleans (even if we were both sick the entire time), and being featured as one of the city’s most stylish in Madison Magazine. However, 2017 wasn’t one of my favorite years. And judging from my Twitter feed, many of you seem to be in the same boat. So, let’s raise a glass this weekend to welcome 2018 with open, optimistic arms!

Weekend Reading:

  • I love Kirsten’s bedroom makeover.
  • One of the ways we’re saving money is by having date nights at home where we try new recipes. Kimchi udon with scallions is on deck this weekend.
  • Vogue’s best backstage moments of 2017.
  • Eleven champagne cocktails for NYE.
  • I’m considering this simple light fixture for our office. The price is right at just $99, too!
  • The fashion trends you’ll be wearing in 2018.
  • I tend to create in depth itineraries for each trip we take. This is a good reminder to plan a bit less in advance.
  • Thanks to Ella Hansen, Danish Modernism’s most iconic designs were saved.
  • The New York Times recaps a year of style through photographs.
  • Twenty-five New Year’s traditions around the world.

Five Under $50:

  • The perfect t-shirt to wear on NYE.
  • A polka dot blouse.
  • If you love Bauble Bar’s ‘Criselda’ drop earrings, snag this set ASAP. The set includes the blue and pink version for just $28. Even if you don’t like one of the colors, it’s still cheaper than buying them individually.
  • A pretty floral mini dress. (It will look good with tights, too!)
  • Mod flower earrings.

Earlier This Week:

  • Wishing you a very merry Christmas.
  • I’m all about the most colorful ornaments.
  • #2017BestNine
  • My favorite looks of the year.
  • The last wardrobe update of 2017.

 

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image via

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Filed Under: Lifestyle, Weekend Guide Tagged With: weekend guide, weekend reading

Merry, Merry

December 25, 2017 by jessica Leave a Comment

I hope you’re having a very merry Christmas!

xoxo,
Jessica

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Filed Under: Lifestyle Tagged With: christmas, holiday, vinyl

Weekend Reading

December 23, 2017 by jessica Leave a Comment

Weekend Reading 12.23.17

It’s here! Christmas weekend is here! We have last minute prep work and cleaning to tackle this morning before we host Dave’s parents, sister, and brother-in-law today, but we have holiday records on the turntable and plenty of sugary treats to keep us going! Later this weekend, we’ll head up north to visit my parents for Christmas where it promises to be a winter wonderland with plenty of snow. If you celebrate, I hope you have the happiest of holidays! And if not, I hope you have a relaxing and fun weekend, too!

Weekend Reading:

  • One of my coworkers brought in an orange cranberry bread this week. It was amazing and it’d be perfect for Christmas morning. The recipe looks similar to this one.
  • Twenty-six of the safest cities for solo female travelers.
  • Are you hosting New Year’s Eve? You need to add this punch bowl/wine chiller to your arsenal. It’s stunning, isn’t it?
  • We watched A Christmas Prince at the recommendation of my coworker for an awful(ly amazing) Hallmark-esque holiday movie. It’s worth the watch for the best-worst moments alone.
  • The challenges faced by fine jewelers as customers move toward fashion-forward pieces.
  • We’ll be spinning all of our Christmas albums today! If you’re not as well prepared with your musical selections, try Tory Burch’s playlist.
  • I bought this dress and it’s so flattering! I also ordered this one to try. (I really hope it fits. I have two cocktail events in February and I’d love to wear it!)
  • A great reminder to know your worth.
  • Did you know that Iceland has a horrifying Christmas witch?
  • Six things to do on Sunday to prep for the week.

Five Under $50:

  • How cute are these blue and white striped sneakers? Buy them now and tuck them away for spring.
  • Cozy up with a faux fur throw.
  • An extra 20% off sale prices with code EXTRA20 brings these beauties down to $47.20.
  • This sweater looks perfect for the coldest days in January.
  • A ladylike skirt.

Earlier This Week:

  • The easiest way to give back this holiday.
  • A simple last-minute gift that you can still pull off today.

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image via

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Filed Under: Lifestyle, Weekend Guide Tagged With: weekend guide, weekend reading

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Hello!


Jessica Hamm
Hello there! I'm a first-time homeowner updating a 1920s house in Madison, Wisconsin. I have a penchant for travel and a love of costume jewelry.

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I’m challenging myself to get through a backlog I’m challenging myself to get through a backlog of travel photos before we book our next trip. First up, photos of the gothic York Minster. I’m not religious in the slightest but I can’t resist stunning architecture and the opportunity to climb hundreds of cathedral stairs for a city view. This one only had a single rest stop about halfway up the flight of 275 steps for a closeup view of the flying buttresses — and a waiver you had to sign before your ascent to promise you’re healthy enough to make it.
Can you hear meow? 😸 Lily is putting the phone Can you hear meow? 😸 Lily is putting the phone nook to good use.
Christmassy mornings. Christmassy mornings.
Thanksgiving Bake: Flourless Chocolate Wave Cake f Thanksgiving Bake: Flourless Chocolate Wave Cake from Dessert Person by @csaffitz

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Visiting York earlier this month put us in the Hal Visiting York earlier this month put us in the Halloween spirit. While it claims to be the most haunted place in Europe and is dubbed the city of a thousand ghosts, we only encountered the wire-mesh sculptures of Ghosts in the Gardens (@the_york_bid) and the family of souvenir ghosts I brought home from @yorkghostmerchants. 

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