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The Great "Self Discipline" Hunt

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The Great "Self Discipline" Hunt

edited 30 November -1 at 12:00AM in Debt-Free Wannabe
101 replies 36.5K views
MSE_MartinMSE_Martin MoneySaving Expert
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edited 30 November -1 at 12:00AM in Debt-Free Wannabe
What's it all about?

Learning to spend within your budget is an important part of life, whether you're in debt or just trying to avoid it. Yet that doesn't make it easy or fun most of the time.

So, this week I'd like your top tips on controlling your spending. When there's something you really want, but you know you shouldn't buy, what do you do to keep the urge at bay?
PLEASE CLICK REPLY TO POST YOUR SUGGESTIONS BELOW
My starter for ten

As I often write I have two MoneySaving mantras that you should say to yourself before buying it. Which one to use depends on whether you're skint or not.
IF YOU'RE SKINT
Do I need it?
Can I afford it?
Can I find it cheaper anywhere else
IF YOU'RE NOT SKINT
Will I use it?
Is it worth it?
Can I find it cheaper anywhere else?

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Martin Lewis, Money Saving Expert.
Please note, answers don't constitute financial advice, it is based on generalised journalistic research. Always ensure any decision is made with regards to your own individual circumstance.
Don't miss out on urgent MoneySaving, get my weekly e-mail at www.moneysavingexpert.com/tips.
Debt-Free Wannabee Official Nerd Club: (Honorary) Members number 000
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Replies

  • Kaz2904Kaz2904 Forumite
    5.8K posts
    Mortgage-free Glee!
    Is it 1: Useful or 2: Beautiful?
    Debt: 16/04/2007:TOTAL DEBT [strike]£92727.75[/strike] £49395.47:eek: :eek: :eek: £43332.28 repaid 100.77% of £43000 target.
    MFiT T2: Debt [STRIKE]£52856.59[/STRIKE] £6316.14 £46540.45 repaid 101.17% of £46000 target.
    2013 Target: completely clear my [STRIKE]£6316.14[/STRIKE] £0 mortgage debt. £6316.14 100% repaid.
  • hypno06hypno06 Forumite
    32.3K posts
    10,000 Posts Combo Breaker
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    [IMG]http://smileys.!!!!!!/cat/23/23_13_10.gif[/IMG] I have stopped having the ability to pay - leave all debit/credit cards at home. Only take the cash you absolutely need with you and don't have a cash card with you to take extra out of the hole in the wall. That way, however tempted you are, you have to walk away in the end.
    Successful women can still have their feet on the ground. They just wear better shoes. (Maud Van de Venne)
    Life begins at the end of your comfort zone (Neale Donald Walsch)
  • One good tip regarding a potential purchase, work out how long you'd have to work to pay for the purchase.

    Lisa
  • Don't go to the shops.
    Window shopping is dangerous and must be stopped! Avoid temptation!
  • missylou_2missylou_2 Forumite
    327 posts
    If am being totally honest I still apply a technique that is a bit of a hangover from my student days...Is it in the sale?...If yes then I will probably buy it if it is reduced enough for my liking....if no, then I wait for it to be in the sale!!! :rotfl:
  • Important update! We have recently reviewed and updated our Forum Rules and FAQs. Please take the time to familiarise yourself with the latest version.
  • catshark88catshark88 Forumite
    1.1K posts
    Mortgage-free Glee!
    Focus, focus, focus on what you are trying to pay off or save for. Your purchase will seem less tempting when compared against what you REALLY want!
    "Have nothing in your houses that you do not know to be useful, or believe to be beautiful." William Morris
  • whitewingwhitewing Forumite
    11.9K posts
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    We - partner, son & myself - really love celebrating birthdays and Christmas with lots of 'little' presents wrapped individually as surprises. But by the time we'd trailed round the shops buying loads of stuff over a period of time, we used to find piles of stuff in the cupboard that we'd forgotten we'd bought. And most of it was tat anyway. So now we have a 'wish box' each. Throughout the year, we write down things we want and put it in the box as and when (eg book review from a magazine). Sometimes very specific and sometimes more general. Then two or three weeks before the birthday, or mid_nov for Xmas, we open the relevant wish box and see what's listed. (To keep the element of surprise, we don't look at our own wishes, and we are allowed to put wishes in other people's boxes). Then we get a selection of the items on the list according to what's available and the budget. We also can get ideas for freebies - last year one of son's suggestions for himself was a day without any household chores! It's great because:
    a) we can ban son from talking about his birthday (has to be in his box) until mid Oct - not until Nov but wants to talk about it daily from about Easter
    b) my memory is really bad so it's always a surprise because I'd forgotten about it
    c) if you change you mind, just write in another note saying 'I don't want xxx after all'

    threadbanner.gif
    :heartsmil When you find people who not only tolerate your quirks but celebrate them with glad cries of "Me too!" be sure to cherish them. Because these weirdos are your true family.
  • whitewingwhitewing Forumite
    11.9K posts
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    Now, I also:
    a) aim to go supermarket shopping just once a month (I used to go Fridays after work so always spontaneously bought alcohol and Tesco Finest because I deserved it, and a book because at their prices it was better value than a magazine!). Buy just bread and milk in between. Working so far but only our second month
    b) set a budget, take a calculator and add it up as I go along. Yes I am that sad!
    Used to spend £100 a week. Now approx £120 a month + extra bread/milk, but will adjust this as we get used to this process. This alone has had the biggest impact on my spending for years and years.
    :heartsmil When you find people who not only tolerate your quirks but celebrate them with glad cries of "Me too!" be sure to cherish them. Because these weirdos are your true family.
  • hypno06hypno06 Forumite
    32.3K posts
    10,000 Posts Combo Breaker
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    The snowball calculator at www.whatsthecost.com has a "treats" calculator. If you put the amount of the treat you want in the calculator, it will tell you how much extra it is going to cost you in interest payments by not using that money to pay off your debts instead!!

    Makes you think twice about spending!

    threadbanner.gif
    Successful women can still have their feet on the ground. They just wear better shoes. (Maud Van de Venne)
    Life begins at the end of your comfort zone (Neale Donald Walsch)
  • Everytime i open my wallet i have a list of my debts listed next to the money compartment. Once i see how much i owe, the wallet is swiftly shut!
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