No New Craft Supplies in 2011 Challenge!

8 Responses

  1. Great idea! Maybe I’ll try it, too.

  2. Cyndee says:

    I gave up cross stitch years ago, but still have a kit I paid $30 for; I hate to pitch it, hate to give it away, after all I paid good money for it. I need to not only NOT purchase new, but purge this old but unused stuff, but how do I let go?

  3. Newlyfrugal says:

    The best incentive NOT to buy new items is to put all your extra cash in an interest-bearing account and watch it grow. When you see the interest accumulate, you can rejoice at each milestone: reaching $100, then $200, then $500, then $1,000 and so on.

    Soon, you will automatically ask yourself, “do I really need this item or can I use something that I already have? With the money saved, I could add X amount to my Emergency Fund.” If you never need to use your EF, then that money will pay for a mortgage, newer car, retirement, etc.

    I keep my extra cash in a Rewards Checking Account that pays 4.01% interest. You can find such accounts at checkingfinder.com. When the amount reaches a certain level, I move the funds to investments in mutual funds at Vanguard, where I earned 40% return in one of my funds in 2010. This means that I invested $10,000 in Jan. 2010 and my shares are worth $14,000 in Jan. 2011. Good luck to you!

  4. Jennifer says:

    Awesome idea! Crafting supplies are my Achilles Heel of budgeting. While I do ultimately use everything, making things for our home more cheaply than they could be purchased (and even selling some), I can’t work as fast as I can buy! I need to have a spending moratorium until I have worked off some of the excess.

  5. CC says:

    Many years ago(10 or more) I decided to use the supplies I had and not buy anymore for future projects. Its so fun to shop and buy supplies, you can just see the things you are going to make with that great fabric. What I found myself with was tons of pretty fabric I didn’t want to use for just anything. In the mean time I had always like to craft with recycled supplies. I had lots of jeans and other items that were give to me and would use them. Then I just started using the other items in my storage. And what happen along the way was that I cleared out stuff and never found myself with a shortage of supplies. As a matter of fact when ever my supplies get low someone usually ask me if I want something or the other.

    After all that rambling what I really wanted to comment on was to thank you for the crochet instructions for the bag that loops. I’m a beginner crocheter I’ve made dish cloths, scarves, and a blanket. I wanted to do a grocery bag but have been having trouble with it. After I saw yours drawings something just clicked. I’m now working on a bag using cotton yarn. I did pull the first attempt apart and start over once though. Its now looking so much better, I’m very please.

    Thanks so much for posting your instructions, they have been a big help to me.

  6. Robin says:

    I love this and I am looking forward to tracking your journey. I would jump on board with you but I do need to buy the occasional supplies for the crafts I sell at craft shows. Other than that I would be totally game.

  1. March 13, 2011

    […] together quite quickly.  I was able to use up a skein of sport-weight yarn which works towards my No New Craft Supplies in 2011 Challenge goal of de-cluttering my yarn […]

  2. May 7, 2011

    […] months into my No New Craft Supplies challenge and I am still not suffering.  Case in […]

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