Up to December 23rd, I spent;£178.69 on kindle ebooks.£395.02 on physical books£32.47 on Audiobooks£95.88 on my kindle unlimited subscription£95.88 on my Audible subscriptionThis brings me to a grand total of £797.94(Which XE.com tells me is around $1100 USD)
Friday, 22 January 2021
Book Spending in 2020 & A Book Budget
It's no secret that I buy a lot of books. Most of them are ebooks and I tend to buy them when they're on sale. In a normal year, I probably add acquire more than double the number of books than I actually read but it doesn't deter me. However, it really should... So, I decided to do something a little masochistic and I tallied up how much I spent on books last year.
I genuinely have no idea whether this is "good" or "bad" when compared to other book lovers, nor do I know whether it's possible to quantify such things for everybody's circumstances and preferences are different, but what I do know is that - excluding Kindle Unlimited reads and ARCs - I added 290 books to my shelves in 2020 which averages out at around £2.75 a book and I don't think that's too bad... Except, I read 133 books last year and 30 of them were KU. More than 20 were ARCs. About 30 were books I already had on my shelves/kindle before any 2020 buying... Yeah, do that math. I added 290 books and read about a sixth of them in the year they were purchased.
This means, no matter how good the deals, I spent a load of cash I really didn't need to... Spending close to £800 on books over the course of the year wasn't something that stung my bank as it was spread out... A little bit here and a little bit there, but it's totally wasteful. I have no idea how many of those books I'll ever read especially when I keep adding to the pile so I have to institute some controls.
This year, I'm bringing in a book budget!
I'm keeping my Kindle Unlimited and Audiobook subscriptions (~£190 for the year) and I'm imposing a £100 cap on all other book purchases backdated to December 26th.
The very idea freaks me out and makes me want to search for loopholes but I'm not giving myself wiggle room, guys. On top of the budget, I'm instigating the rule that I need to read more books than I acquire in a year!
That way, I can't gorge on freebies or go on an ARC rampage.
It's time to hold myself to account and that's why I'm sharing this... Accountability.
I plan on updating my progress quarterly and I have no doubt what-so-ever that it's going to be a challenging year breaking habits acquired over many but it needs to be done for the sake of my sanity!
The bonus of it all is that, assuming 2020 is a "normal" year for me in terms of book buying, and it's actually probably a light one what with book stores closed for a good chunk of the year, I'll be saving close to £500! That'll be a nice addition to the holiday fund for when all the covid-madness is over.
Now, I have questions...
Do you know what you spend on books in a year?
Do you have a book budget?
Do you think I'm a little bit mad?
Wish me luck?