My "Latte-Factor"...1 month Credit Card Challange!
Ever hear of the "latte factor?" It's basically how little charges everyday can add up to a lot at the end of the month. $4 a day on a latte on the way to work each morning doesn't seem like much but it adds up to $120 by the end of the month. Although I don't drink latte, I have found that my "latte-factor" is a combination of arts & craft items, home decor, fun creations on Etsy (gotta support those great artists ;) and little things here and there for the kids. Anyway, a little charge here and there for these items has been adding up.
In order to lower my charges I have made a conscious effort to find out when exactly my new credit card cycle begins and have vowed to not charge a thing unless it's food, dry-cleaning or gym. Food, diapers, etc. will be paid for with cash.
Today is day 4 and so far so good. I actually went into Hobby Lobby today and kept my wallet hidden in the car and just walked around. There were a handful of supplies & decor I would have bought but I held on.
No more frivolous charges this month!
This month I will be a "window-shopper."