I am a beauty addict. Although I love the beauty industry and I love buying new products, my spending got out of hand the last few years. I’ve been making a big effort over the last two years to down-size my collection.
I’ve been trying to stop impulse shopping through meticulous inventory tracking, project panning, and intermittent shopping fasts. If you’re interested to see how I did this year with my 2018 Rolling Project Pan, then please keep reading!
I’ve been tracking my beauty collection through a comprehensive spreadsheet system since 2016. This system allows me to accurately track what I’m spending and what I’m finishing or decluttering in an easy-to-follow and easy-to-update manner.
Tracking my beauty collection better equips me to refrain from unintentinoally purchasing duplicate items. Also, inventory tracking lets me keep track of what I’ve spent and how much money I’ve wasted.
I use my spreadsheet to log the products I’ve finished, donated, decluttered or sold. I keep track of both the product’s monetary value, as well as the product count. This meticulous tracking enables me to see my progress.
Within my inventory system, I use countless charts and graphs to keep track of my progress. The detailed tracking keeps me motivated to keep moving forward.
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Inventory System Rules
To help me accurately track my progress, I use the the number of items in my collection at the end of the previous year as my starting point for calculating my progress. For example, I ended 2017 with 192 total products, so that number became my base number when calculating my progress in 2018. If I finished 10 products then that would mean I used up 5.2% of the collection I had at the end of 2017.
However, there are obvious cons to this method of tracking. The biggest issue with this type of tracking is that it doesn’t take into account fluctuations in my collection size. Fluctuations happens for a number of reasons including:
- Finishing & repurchasing products I use continuously (ex. face soap, shampoo, etc)
- Receiving gifts from friends, family, and coworkers
- Acquiring freebies while traveling, attending events, or due to shopping reward programs
2018 Rolling Project Pan Goals
I had several goals for my 2018 Beauty Collection – in terms of both the percentage of products I wanted to move out, as well as the overall number of products I wanted to finish. My “achievable” goal was to finish or declutter 20% of the collection (40 products) that I had at the start of the year, while my “challenge” goal was to finish 50% of my collection (90 products). So how’d I do?
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2018 Rolling Project Pan Results
I have mixed feelings on my results this year . While I am proud that I far surpassed my goal to finish or declutter 90 products, I am seriously bummed out that my collection size didn’t decrease – in fact, it increased by 13 items! How did this happen?
First, I received a ton of free products at conventions. Second, I repurchased necessities such as shampoo.
Unfortunately, the biggest reason my collection grew was due to my old shopping habits creeping back in. After a lot of consideration, I decided to try brands that were new to me. Also, I wanted to try newer releases from beloved brands. Finally, I review products so it was inevitable that I would accumulate new products throughout the year.
Nevertheless, I am satisfied with the sheer volume of products that I moved out of my collection. Please see the below for the complete breakout:
- Finished Products: 114 / $1,321 USD
- Returned Products: 0 / $0 USD
- Sold Products: 12 / $138 USD
- Give Away Products: 46 / $431 USD
- Decluttered Products: 68 / $1,325 USD
Products Gone in 2018:
- Total Count: 240
- Total Value: $3,215 USD
2019 Beauty Collection:
- Total Count: 206
- Total Value: $4,075 USD
Final Thoughts on my 2018 Rolling Project Pan
The best thing about tracking my beauty collecting and spending habits is that I learn so much about myself and what I like / dislike in a product. This year, I realized:
- If I don’t like something, I don’t need to finish it. I’m done torturing myself using products that don’t work for me or don’t inspire me just for the sake of finishing them.
- I’m not obligated to keep gifts or freebies. It’s okay to let things go – especially when there are others who could benefit from my donations.
- My beauty collection is never going to be conventionally “minimal” because I truly love this industry. I love playing with new products and testing new formulas, so I need to stop trying to fit myself into someone else’s mold.
- I need to do another No Buy 🙂
Beyond my 2018 Rolling Project Pan, my ultimate goal is to develop better shopping habits. I want to curate a refined collection of beauty products. I’m tired of looking at and using products that I don’t like, but feel obligated to finish.
I want to waste less money on things that I do not need. I want to spend more on experiences and less on makeup that I’m hoarding. I do not want to be a makeup collector.
- Mid-Year Haircare Empties
- Mid-Year Makeup Empties
- Mid-Year Skincare Empties
- Summer Empties (July, August & September!)
Are you a beauty addict like me? Do you participate in project panning? Please let me know in the comments below.