How to go on a no-buy month

Going on a no-buy period basically means giving your wallet a rest from all the unnecessary consumer products that you just to be “needs” rather than wants. Some are actually considered a luxury to some people. An easy way to start is by doing this practice for a whole month. Once you’re eased in, you might find yourself wanting to do it for a longer stretch of time. Now how would you begin to go on a no-buy month? Here are some tips and tricks to help you get started.

Don’t buy anything that is NOT a necessity

Daily lattes, new shoes, purses, makeup and skincare products that you want to “try out” when you still have stuff that you need to go through, fancy manicures, weekly bar tabs are not a necessity. They’re more of a luxury.

Back to basics

Spend your money on what is necessary to go about your day, like groceries, bills, payment for the babysitter, gas money, business expenses and the like.

Getting cash

Make a budget and figure out how much cash you really need for the week. Go to the ATM only once a week. You’ll also find that you save on fees by doing this, so you’re more likely to retain this habit even after your no-buy month.

Spread the word

You’ll be easily tempted to spend on what you don’t need if you don’t tell people about what you’re trying to do. It won’t be that hard – just tell friends, family, and co-workers that you’re going on a no-buy if they ask you why you didn’t buy anything from the new collection released by Colourpop or why you didn’t join them last week for a night out. They’re more likely to join you in what you’re doing once they learn about how much you’re saving.

Go Green!

Recycle, upcycle, reuse and repurpose. Take one or two reusable shopping bags with you when you go to the grocery store, separate recyclables, repurpose jars as containers so won’t have to buy new ones, and do DIY projects every week. You’ll serve as a great example to your kids, friends and your community.

You’ll be surprised by how your habits are changed for the better. You’ll learn to prioritize your necessities more, curb cravings (probably lose weight), have better self-control, and save money overall.

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