Money Musings 💭 where things end up
You know I LOVE a good closet clean out but since reading Tanja Hester’s book, Wallet Activism (which I highly recommend btw!), I am now much more conscious of where things go once they leave my apartment.
Fun spoiler alert: I also interviewed Tanja for my book!
With fast fashion there are way more clothes at Salvation Army and GoodWill than can ever be used.
How do you give your items a second life and keep them from going to the landfill?
Hit reply and let me know. I'm going to compile a list of resources with your recommendations!
PS This is something we’re talking a lot about in the #consumeractivism channel in the Fiscal Femme Slack community, too.
MONEY MOVE OF THE WEEK
MAKE A HOLIDAY SPENDING PLAN.
For many, November and December are the most expensive months of the year. There may be time off work for travel, holiday parties galore and gift-giving. Here’s how to put together your holiday spending plan so you aren’t left stressed about money over the next couple of months.
Realize holiday spending isn’t just about gifts. Holiday spending can include travel, transportation, clothes (for parties), hosting friend and family, convenience spending (when you’re busy), host gifts, holiday bonuses, decorations and activities (like ice-skating).
Get clear on what matters to you. What about the holiday season is important to you and worth spending money on? What isn’t? Maybe you love hosting friends and family and get exhausted by too many holiday parties. Or maybe you want to take a weekend getaway but find holiday decorations a hassle.
Make a detailed spending plan. List out anything you plan to spend during the holidays that are outside of your regular spending. The more detailed the better. If you are getting four gifts, break them down by amount. For example, I’m getting four gifts for $40 each.
The earlier you make your plan the better. Generally, the earlier we plan the less we spend. We might get the opportunity to take advantage of a sale or if you’re booking holiday travel, typically the earlier we book, the cheaper it is. With more time we also don’t have to rush through purchasing decisions.
Reevaluate for next year. Take the time to think back about how it went. Did this help your spending feel less stressful? Were you in a better place come January? If you spent outside your plan or forgot something completely, what was it? While the next holiday season is over a year away, we can make our plan even better for next year AND these steps can be applied to any spending category or holiday.
YOU GOTTA SEE THIS
YOUR FAVORITE LATINA-OWNED BUSINESSES
This past week, we asked you to share a few of your favorite Latino-owned businesses. Check out this highlight and if you have any to add hit reply and let me know. Show them some love with a follow or shop their products (if you’re able!). 💸