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expensetracking

All The Unnecessary Purchases I’ve Made in 4 Years

I’ve tracked my expenses for many years. This means I log the amount plus some notes in one of 13 categories after every purchase. One of those categories is simply called ‘Misc Wants’ – ie things I didn’t strictly need, but simply wanted.

‘Misc Wants’ is kind of like that random drawer in your house, the one you just chuck random stuff in. Unlike ‘Misc Needs’ – another expense category meant to track things I really did need at the time – purchases under ‘Misc Wants’ tend to be more varied in motivation. I could be bored, stressed, sad, excited, depends. As long as they’re ‘technically unnecessary purchases’, I lump it in there.

In this article, I’m going to share with you some of my ‘Misc Wants’ purchases. I’m looking at data all the way from June 2014 (I have earlier data, but not as comprehensive). As I’m writing this in August 2018, that’s more than four years’ worth of data.

unnecessary expenses
I spent more than RM15k for Misc Wants in 4 years…
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How Expense Tracking Looks Like (As Someone Who Doesn’t ‘Budget’)

If you’re a regular reader here at Ringgit Oh Ringgit, you know that I share my monthly expenses every. single. month.

The reason why I prefer expense tracking rather than budgeting is simple: it just works ridiculously well for me. All I have to do is record all my expenses and suddenly my financial life is just better, more organised, data-driven.

I don’t have to stress about keeping my expenses in one particular category under a certain amount, because I know that as long as it averages out okay in the bigger picture, I’m good. Example: Buying groceries in bulk will increase my groceries expenses in that month but lower them in subsequent months.

This article is how about how it works. 

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