My Yarn Savings Plan

Last time I posted I talked about the infamous Yarn Diet. And while I don’t really consider myself to be on one, thanks to a change in perspective, I have implemented a new plan to hopefully help prevent future binges.

So the sort of bargain with myself, is a yarn savings plan. This allows me to feel like I’ve gotten a bit of a reward for not buying yarn, and provides the money for yarn when I decide there is some that I would appreciate and be able to use. It’s quite simple actually. Every time I see yarn that I would have bought if I’d seen it during my yarn binge phase, I put a percentage of that money (50% at the moment) into a specific account. My bank (Scotiabank in case you’re with them too), has a Momentum account that allows you to put money in higher interest bundles for a set amount of time and you can label what they’re for! So when I didn’t buy an Explorer Knits Lofoten Kit (the grey neutral one is SO beautiful), 50% of that money goes into the yarn account. When I didn’t buy the 3 skeins of Purl Grey DK in Hello Stella’s shop update the other weekend, 50% of that money went into the yarn account (apparently I’m into grey speckles right now…). Then if there’s a project that comes up and I need to buy yarn, or I find that perfect skein that I am really truly in love with, I have money available for it and don’t have to feel like I’ve spent an absurd amount of money in a month because of it. Case in point – the Ancient Arts fingering weight Roaring Twenties for my Marea Cardigan test for Emily of The Blue Mouse.

Do you have a yarn buying strategy? Share it below in the comments!