The Great "Self Discipline" Hunt



  • lswwong
    lswwong Posts: 407 Forumite
    Just very eager to add my bit (though please forgive me if I am saying anything that's already been said as I am at work at the mo and unable to take the time to read the whole thread)!

    I TURNED OFF MY CONSUMER URGE/GENE a number of years ago.

    This was done by re-evaluating my relationship with spending and the value of things. Namely, it was a re-education process to recognise that not all things in life can be bought (with money), and you can't have it all. I now consume much less and don't feel compromised or missing out because I have just about all that I need for a comfortable life.

    It's easy nowadays to consume loads for "recreation" e.g. nothing to do? Go shopping. (Members of my immediate family are addicted to shopping to an alarming degree.) The problem here is not understanding how to go about "recreation" and not having to spend masses of money in the process. One suspects there is a hidden low self esteem (that needs boosting by spending) problem here and addressing that honestly is key.
  • Shineyhappy
    Shineyhappy Posts: 1,928 Forumite
    Photogenic Name Dropper First Post First Anniversary
    This is a great idea for a thread!

    I find that if I add 20% to the price of the item as I have to earn X + 20% to include taxes and then add another 10% to cover the interest then I no longer want something!

    As others have said, dont go shopping for fun, avoid looking at glossy adds and try and have a list of cheap/free activities you can do if you are bored or want to go out with mates. Sometimes its cheaper to go for a pub lunch than it would be to go shopping and spend twenty pounds on junk you dont want.

    As for Ebay, I dont enjoy shopping on it but I certainly enjoy selling on it! Watching any last minute bidding wars is highly addictive and much more rewarding than giving your money away!

    I think the main thing to do is really to try and remove yourself from the I need I want mentality that most people seem to have these days. I think our grandparents would be quite shocked and the abundance in which we have pointless cr#p and the amount we owe because of it!
    Debt Free - done
    Mortgage Free - done
    Building up the pension pot
  • Hutchinsfairy
    The single greatest money saving trick for me is simply to buy groceries online and have them delivered. This is because:

    1) - I have to think of what I need and search for it, not pick up everything that grabs my attention and try to justify it.

    2) - I don't buy things which I think I might be running out of, I go and check.

    3) - I add things as I think of them but then do a crop of items before I commit at the end of the week. This means that I only get things which I still want a couple of days later.

    4) - I can plan my meals with a desk, pen and paper in front of me rather than in my head whilst standing in the veg isle!

    5) - Even when I'm hungry the pictures aren't so tempting as the real thing.

    6) - Anything which gets damaged or defrosts in transit is someone else's problem.

    7) - The £5 or so fee is negligible compared to what I save, especially when you factor in petrol, mileage and time spent.

    8) - You get a running total of what you are spending. This is a huge bonus as it saves nasty surprises at the checkout and gives you a real feel for what your "treats" add up to.

  • adiesmith404
    The main way to stp spending is not, just stop shopping, but when shopping and wanting to buy something. ask yourself 3 time, do really want this? do i really need it? will i actually use this to its value worth. I 9 times out of 10 walk away. :rolleyes:
  • maybird_2
    maybird_2 Posts: 27 Forumite
    No window shopping/trips to town
    Use libraries for books, cds, newspapers, magazines, games etc
    Pack lunches for work, take drinks (re-use sport-top bottles) and snacks on trips to cinema etc
    Bake and cook from scratch in quantity and freeze - home made cakes much nicer and healthier(well, ish) too.
    Shop on line when there are free delivery codes otherwise write a list and stick to it when you go to the supermarket (I get husband to go if possible - he is never tempted and just can't wait to get out of the place)
    Have a rough idea of what you want to have achieved financially by the end of the next quarter/sixmonth/year and keep checking how on target you are.
    Don't have children- or at least don't send them to school (sorry, bitter and twisted at having to buy uniform from specialist outfitter instead of usual Asda/Matalan! Plus more b****y requests for raffle tickets, notification of v expensive school trip, etc etc)
    Waddle you do eh?
  • moanymoany
    moanymoany Posts: 2,877 Forumite
    :naughty: Don't go to the shops.
    Don't carry cards.
    Only carry small change.
    If you already have one - you don't need another.
    Keep away from ANYWHERE you can spend, including car boots!!!!!
    Keep up to date with the threads, they give you support and inspiration.
  • looneyleo
    looneyleo Posts: 516 Forumite
    Since joining the MSE website, I have never had so many back accounts! I have seperate bank accounts for the following items:

    Car insurance, car tax, mot, servicing and house insurance: - set amount monthly from current account.
    Christmas - set amount monthly from current account/pigsback earnings
    Holiday - set amount monthly from current account/cash back earnings
    Days out/weekends away/treats - ebay/car boot sales/loose change
    Rainy Day Savings - What I can afford that month to save
    Wedding Anniversary fund - set amount each month
    Motorbike saving fund - overtime/expenses from work

    Using this technique for the last two years has really helped me budget properly. I always have enough to pay for insurances when they are due. When I make a decision on going on holiday, I look at what is in the holiday account and we buy a holiday to fit. I'm desperate for a motorbike to get to work more easily in the city...but I have to work to earn it. My OH and I would love to go to Rome for our 10th Anniversay in two years time so we are saving for that (so much easier to do it at £25.00 per month rather than having to find £700.00 closer to the time)

    You do end up with a lot of bank cards in your purse, but at least I know what I can really afford! The Egg Money Manager is a great tool to keep track of all your little money pots too and you get £10.00 for setting up - check out Martin's email this week!
  • Kernow_Kid
    Kernow_Kid Posts: 96 Forumite
    Easy: I just spend all my money on things i need,
    then I've got no money left to waste on things I want. :)
    Be Pure, Be Vigilant, Behave!:A
  • Triker
    Triker Posts: 7,247 Forumite
    First Post First Anniversary Combo Breaker Debt-free and Proud!
    Another tip for not spending that last £20, £10 or £5 note and running out of money before payday.

    Get an envelope and a 2nd class stamp and post yourself your money so that it's timed to arrive at the end of the week, just when your about to completely run out of cash.

    Result - you cannot have spent it in the meantime and it's a little treat to look forward to.
    DFW Nerd 267. DEBT FREE 11.06.08
    Stick to It by R.B. Stanfield
    It matters not if you try and fail,
    And fail, and try again; But it matters much if you try and fail, And fail to try again.
  • immoral_angeluk
    immoral_angeluk Posts: 24,506 Forumite
    Combo Breaker First Post
    Take the correct money if you're going for something specific... otherwise you'll get £10 or £20 and soon enough it'll be gone!
    Total 'Failed Business' Debt £29,043
    Que sera, sera. <3
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