There is a saying in Ghana, “little by little, the chicken will drink water” meaning that every bit, no matter how small, will have an impact on your overall goal, especially when it is a financial one. When those “bits” are tiny deposits into an account, you will eventually have a hefty reserve if you keep at it.
On the other hand, if you continually withdraw those little bits for “here and there” purchases, your account will stay stagnant, or worse, dry up completely.
Taking control of your money with these small steps is definitely doable and pain-free. These alternatives don’t leave your frumpy, ashy, uninteresting, or starving. These alternatives allow you to live your fabulous life for less. Here are five of those little purchases that will eventually chip away at and erode your financial foundation, if you let them:
1. Nails: If you’re accustomed to getting a mani/pedi every two weeks, then you are also accustomed to spending at least $50 a month (not including tip) for temporary, fading beauty. The inevitable truth about getting your nails done is that the color will chip (it is just a matter of time), and as soon as it does, you will be back to in the salon, in that chair, spending your money.
Tonya Rapley, co-founder of My Fab Finance has grown tired of this vicious spending cycle when it comes to her nails. “I realized it was a money drain when I had to get my nails done two weeks in a row for a total of $50. That’s when I put my foot down.” To encourage women to reevaluate how they are using their money and time, Rapley has started the #MyFabIsLess Challenge,“I will end up saving $600 this year. Not only was it inconvenient financially but it was also inconvenient time wise.”
2. Body Scrubs: What’s the average cost of your favorite body scrub? Mine was about $30 until I found out how easy and inexpensive it was to make one with the ingredients in my kitchen. With some brown sugar, sea salt, olive oil, peppermint oil, a little of almond oil, and a repurposed lotion jar, my favorite body scrub now costs less than $5. Green blogger, Karama Horne of Savvy Brown is a great resource for learning how to make beauty products from ingredients from right inside your pantry.