How to stop spending?

Lottebear · 4 January 2018 at 8:31PM

There are apps and accounts you can sign up for to pause spending and give you time to have a think this allows you to window shop and not spend.

The other trick is only taking enough cash with for what you intend to buy i.e the pint of milk etc..

Ladykernow · 4 January 2018 at 8:33PM

You need to be ruthless and really think about something before you buy it.

Puddylove · 4 January 2018 at 11:20PM

1. Calculate how many hours you have to work to pay for an item.
This may only be an effective deterrent if you don't earn much and/or don't like your job.

2. Have a 'one in, one out' policy where for each new thing you buy, you have to sell, get rid of one thing. Good for clothes, books, etc.

3. Wait 24 to 48 hrs before buying an item to be sure you want it.

katiepoppycat · 5 January 2018 at 9:02AM

I use the proceeds from online surveys to feed my amazon habit.

fatrab · 5 January 2018 at 9:09AM

I really like the "wait 24 hour" rule, I'm definitely taking that on board!

NineDeuce · 5 January 2018 at 9:47AM

In other words: -

"I have a problem. I know what it is and how to stop it. Can somebody tell me how to stop it".

Errr.. you just stop it....

enjoyyourshoes · 5 January 2018 at 12:34PM

A £3.50 saving per day:-

(1/2 pack fags, pint half beer, coffee and croissant at Starbucks)

paid into an UK average sized mortgage at 3% interest will save you

£11,080 in interest charges and you will pay the mortgage off 6 years 7 months earlier.

Working_Mum · 5 January 2018 at 2:09PM

1. spending diary
2. weekly budget taken in cash for food, fuel, socialising
3. know my hourly rate and work out how many hours work to buy
4. no shopping apps on my phone
5. cash only rule
6. big audacious goal to be debt free in 5 years
7. desire to set a good example to my children as how to manage money
8. do an inventory of everything I have so I buy what I need
9. stay hydrated so don't buy because of hunger
10 stay engaged with whatever current activity is so i don't buy things because I am bored
11. recognise this is a marathon and not a sprint and there is no magic pill....it's all down to me
12 have fun looking for quirky, ingenious ways to make my budget stretch further
13. follow diaries on here to stay motivated
14. believe I am worth being debt free and the freedom it brings
15. contextualise most big spends the way enjoyyourshoe's has done - great for seeing the bigger picture!!

Hope this helps

pennystretcher · 12 January 2018 at 12:47AM

Remove your card/payment details from Amazon etc, makes you think twice before placing that order when you have to dig out the card.

Scilly · 12 January 2018 at 3:02PM

I take out my spending money in cash every pay day. I work out a budget per day then put the leftovers in a jar every day. If I want a treat I have to wait until I've saved enough in the jar for it!
I also use the 'daily budget' app on my phone which shows how much I've got saved but also allows me to keep a record of where I'm spending my cash.
I also calculate how long it takes me to earn my spending money so that when I'm looking at something in a shop I can say to myself I'd have to work an hour etc for that! Works well for me!

Good luck! There's some great advice in this thread! :T

How to stop spending?

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