I’ve seen some other blogs doing this, so I thought I will start.
Mainly just to keep my hobby lifestyle somewhat under control.
For January
I bought 8 skeins of yarn, 6 skeins of Red Heart Soft at $5.54 per skein and two skeins of ILTY at $3.66 per skein. Also bought two books at $6.99 and $9.99 respectively. And a knitting bag at $0.99. (Yes- I’m including every knitting-related expense, even if it’s just a notebook or highlighter pen.)
I’ve only finished one project in January – a brown and white charity scarf. It’s about 269 yards.
Yeah- I have no idea how many yards of yarn I currently have in my stash, but my secondary goal this year is to equal or exceed the yardage I bring in. This will mean that I am at least making a dent into the stash I already have, instead of just adding to it.
So that’s $58.53 spent in January, plus tax (we’ll go with 10%- it’s a nice round number and is close to my State’s sales tax), which equals $64.38.
2,246 yards of yarn was bought and I knitted 269 yards (only counting finished items, not WIPs).
Not doing so good for January, but that will all even out when I finish dad’s blanket and my sweater.
Duck And Cover 
Oooh, that’s scary!! But probably a great idea.
I am really, really, really bad about buying yarn…I have close to $5k worth of yarn in my house…and yet it is never the yarn I seem to need….
I don’t have a set limit for yarn, but why buy it if you’re never going to use it? This is just another tool to keep me mindful of what I have, and to see if I really NEED four new skeins of camel hair yarn. (Even so- the answer is usually yes, because I don’t have it in THIS color! lol)
I bought a lot for a few orders that fell through and then a few large lots that were EXTREMELY discounted. But yea, I have a hard time because I have so many ideas and projects!!
I’m a great believer in accountability – as you’ve probably noticed. Don’t be too hard on yourself over a single month though – like you, I always have a lot on the go and I do asses weekly and am honest with myself at that stage, but I only take a good hard look every three months, as a month is a very short time.