Your browser isn't supported
It looks like you're using an old web browser. To get the most out of the site and to ensure guides display correctly, we suggest upgrading your browser now. Download the latest:

Welcome to the MSE Forums

We're home to a fantastic community of MoneySavers but anyone can post. Please exercise caution & report spam, illegal, offensive or libellous posts/messages: click "report" or email forumteam@.

Search
  • FIRST POST
    • Rebecca01
    • By Rebecca01 4th Jan 18, 10:37 AM
    • 659Posts
    • 996Thanks
    Rebecca01
    How to stop spending?
    • #1
    • 4th Jan 18, 10:37 AM
    How to stop spending? 4th Jan 18 at 10:37 AM
    How do you just stop spending?

    I have read Martins Mantra. I have spending diaries and goals.

    But I just cant seem to stop wasting money.

    My money goes on takeaways, amazon, and just stuff that I do use but could live without.

    Anyone got any tips for how they cut the rubbish out?
Page 2
    • Scilly
    • By Scilly 12th Jan 18, 2:02 PM
    • 41 Posts
    • 20 Thanks
    Scilly
    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!
    • Sunkencosts
    • By Sunkencosts 12th Jan 18, 7:58 PM
    • 93 Posts
    • 95 Thanks
    Sunkencosts
    The wait 24 HR rule is good. Previously when I've added something into my amazon basket and then got distracted I forgot all about it. I rediscover it days/weeks later and think "what on earth did I want that for? Delete!"

    So doing it deliberately will be a good habit.

    Deleting card detail cookies also a good idea. I'm so lazy that often when I'm online shopping and I have to go and find my card for the details or cvc number I abandon the whole purchase!
    • fiisch
    • By fiisch 12th Jan 18, 11:05 PM
    • 285 Posts
    • 162 Thanks
    fiisch
    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.
    Originally posted by enjoyyourshoes
    It's been awhile since you smoked I am guessing?!

    9 a packet, and that shopping list is more like 10/day!
    Save 6k in 2018: 1651.19 / 6000
    • enthusiasticsaver
    • By enthusiasticsaver 13th Jan 18, 1:46 PM
    • 6,609 Posts
    • 13,862 Thanks
    enthusiasticsaver
    The best way to cut out silly spending is to record what you spend on everything. I have a spreadsheet which I fill in every few days with any spending done. The categories range from food/fuel to entertainment, eating out, household, personal expenditure and gifts. It is pretty clear when I am overspending and I have budgets which I try not to go above. You could try doing something like that.

    Limit the takeaways and coffees out. I only go out for coffee/lunch when with someone else and make it a social outing. We have takeaways rarely, maybe one every couple of months as we prefer to eat out in a restaurant and would rather save for a night out than waste the money on usually unhealthy takeaways.

    Take your card details off the amazon site and maybe limit yourself to only looking on there when there is something you actually need.
    Debt free and mortgage free and early retiree. Living the dream

    I'm a Board Guide on the Debt-Free Wannabe, Mortgages and Endowments, Banking and Budgeting boards. I volunteer to help get your forum questions answered and keep the forum running smoothly. Any views are mine and not the official line of moneysavingexpert.com. Pease remember, board guides don't read every post. If you spot an illegal or inappropriate post then please report it to forumteam@moneysavingexpert.com
    • foxgloves
    • By foxgloves 13th Jan 18, 4:46 PM
    • 4,096 Posts
    • 21,206 Thanks
    foxgloves
    I used to fritter money away pretty much as you described. Having changed my attitude to money entirely, I can tell you that there is simply no bag of tat I could come home with now that would make me feel as happy as finally being in control of my finances.
    Frittering money is a choice. Make a different choice. Next time you are sending out for a takeaway when you could quite easily cook yourself a tasty 'Fake-away' for a fraction of the cost, just make a different choice. If you choose to continue frittering money away, than you will have to accept that you are actively choosing debt. Been there, done that, could write the book! Commit to making different money choices & you will be putting yourself on a much more secure path.
    Money can't jump out of your purse on its own so ask 'Can I borrow one, make one, grow one, bake one, re-purpose or recycle, acquire it for free?' Yes? Then put that purse away & keep your money because little savings grow!
    Loan pay-down fund instalment 2 = 800-01
    Payment received from surveys: 2015 = 320 2016 = 210 2017 = 304 2018 = 259
    • Frogletina
    • By Frogletina 13th Jan 18, 5:09 PM
    • 3,060 Posts
    • 11,067 Thanks
    Frogletina
    I went through a phase of only taking out 5 a day.

    When you are in a shop with 5, you are faced head on with making choices. It's not always nice to limit yourself but it is good training to know what you really want at that moment and what can wait for another day.

    After a while, it becomes easier even when you have more money. Today I went into my local supermarket and only came out with milk and a cucumber.

    I now budget a set amount of money for groceries, personal spending, eating out etc. If I spend more in one area, I would have to reduce another area - but this happens very rarely.

    frogletina
    Not Rachmaninov
    But Nyman
    The heart asks for pleasure first

    SPC 8 #441 1567.31 SPC 9 #441 1014.64 SPC 10 #441 1164.13
    • adindas
    • By adindas 13th Jan 18, 5:23 PM
    • 3,557 Posts
    • 2,204 Thanks
    adindas
    Like other have said, self-control. Most people could do this, so unless you are completely a different individual, you should be able to do this as well.

    Keep in mind:
    Your primary needs the things you need for survival. This thing includes basic shelter (not luxury flats), basic food (not take away all the time), basic transportation to work. Thing other than listed above just deems to be secondary need and avoidable.

    If you still cannot do it, when you want to spend something other than primary needs, think about asylum seekers, illegal immigrants living in the EU they could live presumably with much less than to what you earn. They are human like you and If they could do it, all of us could do it as well if we have to.

    In most extreme things, when you want to spend something other than primary needs, think about the people living under extrem poverty in under developed world, in wore torn countries, they could still live with much less than what you earn. If they could do it all of us could do it as well if we have to.
    Last edited by adindas; 13-01-2018 at 6:34 PM.
    • Sharon87
    • By Sharon87 14th Jan 18, 5:20 PM
    • 3,538 Posts
    • 3,014 Thanks
    Sharon87
    I'm also trying to stop spending on needless things like takeaways and eating out. I've decide to put a modest budget towards that each month (20 this month), so as soon as that's gone it's gone. I have also put a block on Just Eat and Hungry House and other takeaways on Chrome. So if I want to order I have to unblock it before I can order. It has discouraged me once from ordering in, but I really didn't want to cook or wash up or anything, so instead of ordering and spending 12-20 on a takeaway I spent 6 going out to get food instead, keeping me in my budget for the month. I currently have 3ish left in my takeaway budget for this month. If I really couldn't be bothered going out, then I would have had to settle for what's in my kitchen.

    I try to keep easy cook meals in my freezer, either pizzas or leftovers from previous meals, so I can just put them in the oven or microwave and use them.

    Anything that makes your life more difficult in spending money will help you, so do as others have said - remove credit card sites, or block sites (you can unblock it when you really do need something),
    • Steerpike88
    • By Steerpike88 14th Jan 18, 9:56 PM
    • 74 Posts
    • 188 Thanks
    Steerpike88
    I actually top up my amazon account with about 60quid every month and that's my budget. So it's quite good as I have 13 left, but pay day's not until next Friday, so I'm not buying anything until I top it up again cause it's good to have that money there in case I need it for something.
    I also don't get takeaways anymore. I just normally get some of the better frozen takeaways from Iceland if I really want something, but mostly I use my slowcooker. I throw some food in the morning - I prepare meals in bulk and put them into ziplock bags and put them in the freezer then I can thaw them out the night before and throw them in the slow cooker with some extra water or whatever in the morning. You can fry onion in the slow cooker as well on high heat so that's literally the only cooking I do before I put the bag in and go out for the day.
    It makes a huge difference having your meal just ready when you come home.



    • sweetpea26
    • By sweetpea26 15th Jan 18, 7:37 AM
    • 707 Posts
    • 4,657 Thanks
    sweetpea26
    Remove your card/payment details from Amazon etc, makes you think twice before placing that order when you have to dig out the card.
    Originally posted by pennystretcher
    I did this yesterday !!!!!

    some great tips from very sensible people.

    The best thing that I have done is to take cash out at the start of the week and that is the budget for the week....no more .... no adding onto credit card or using debit card. I now think about what I NEED ! rather than ohhh I want that. ! I now have a feeling of control that is priceless.

    I am a keen gardener and love to browse amazonia searching for lovely garden furniture...I now as I have said above taken my credit card details of amazon. I am presently saving cash in a box every week and if I do need something for the garden when the sun starts to shine again. I have the cash saved. If I need to buy it on amazon .. then I will use my debit card and the cash I have saved will go into household budget. No need to take cash out to buy food as its in the box !! Thats the plan.

    I also have a bit of money in my weekly cash budget to buy reduced meats. This weekend I bought 9 worth of pork chops for 5 .. a cash saving of 4... 4 can buy milk bread and bit of reduced fruit.
    Chops have been bagged in pairs ... they are massive ! So I now have one pork meal for hubby and I for the next 4 weeks !
    Bacon down to by 2/3...breads reduced to pennies..all the savings add up. It is amazing what you can do if you really take time and plan.

    COOK FROM SCRATCH !!!!!!!!!!!!!!!
    Shop from your freezer and fridge...
    meal plan for the week ahead
    check reduced sections first before you buy anything !!!
    downgrade some of your products...we have bought hp sauce for years I now buy the Sainsbugs basic ... at least half the price and it is delicious.
    buy only what you then need to feed your family ..
    wish I had this sense in my 30's

    A spending diary is essential...I write down every single penny I spend. At the bottom of the page each day I put a total spend. At the end of the week I do a written total. This is an eye opener and gives you that feeling of control that spending wrecklessly and needlessy ever will.
    Last edited by sweetpea26; 15-01-2018 at 7:59 AM.
    • adindas
    • By adindas 15th Jan 18, 7:59 AM
    • 3,557 Posts
    • 2,204 Thanks
    adindas
    I did this yesterday !!!!!
    COOK FROM SCRATCH !!!!!!!!!!!!!!!
    Shop from your freezer and fridge...
    meal plan for the week ahead
    buy only what you then need to feed your family ..
    wish I had this sense in my 30's
    Originally posted by sweetpea26
    You forgot something quite important in reducing your shopping bill for primary needs. If you are living not far from a chain supermarkets, buy "reduced item (Yellow Label)" in the supermarkets as much as you could.

    Observe it when they reduce the price of nearly expire item. They will normally reduce the item in three stages,. The best price is the final reduction in stage three

    Supermarkets are normally do the final reduction about an hour before the shop is closed. Asda do it around 19.00 - 20.00 o'clock.

    Imagine how much you could save if for instance a whole chicke cost you 4.00 and you get it for 50p (say). Doing this it is not just saving you money but you are also contributing in saving the planet & enironment.
    Last edited by adindas; 15-01-2018 at 8:04 AM.
    • stinabean
    • By stinabean 15th Jan 18, 9:43 AM
    • 96 Posts
    • 89 Thanks
    stinabean
    Amazing tips on this thread, I just wanted to echo the topping up amazon idea. I used to do this for certain clothes shops or wherever all my money was going at that time. I'd budget say 40 or 50 and buy a voucher for that shop on pay day. Once it's gone, it's gone.

    I also browse amazon when bored and spend needlessly. I have made myself put my phone down and get in the bath, go cook a meal, walk the dog etc (all without phone). Keeping busy is the best way for me.
    • sweetpea26
    • By sweetpea26 15th Jan 18, 10:25 AM
    • 707 Posts
    • 4,657 Thanks
    sweetpea26
    You forgot something quite important in reducing your shopping bill for primary needs. If you are living not far from a chain supermarkets, buy "reduced item (Yellow Label)" in the supermarkets as much as you could.

    Observe it when they reduce the price of nearly expire item. They will normally reduce the item in three stages,. The best price is the final reduction in stage three

    Supermarkets are normally do the final reduction about an hour before the shop is closed. Asda do it around 19.00 - 20.00 o'clock.

    Imagine how much you could save if for instance a whole chicke cost you 4.00 and you get it for 50p (say). Doing this it is not just saving you money but you are also contributing in saving the planet & enironment.
    Originally posted by adindas

    Thats what I try to do...get the reductions and work from there. I try to go later in the day but its not always possible for me to do so as I take care of an elderly relative in the evening time. So I take the best reduction that I can get when I get there. I agree you can save an incredible amount of money if you live close to the big supermarkets and are able to pop in about 7pm. More people doing this now so you need to be there early !!!!
    • sweetpea26
    • By sweetpea26 15th Jan 18, 10:27 AM
    • 707 Posts
    • 4,657 Thanks
    sweetpea26
    http://www.dailymail.co.uk/femail/article-4034534/Rise-vampire-shoppers-Meet-women-shop-online-dead-night-wake-regret-including-one-mum-blew-5-000-late-night-habit.html

    Crazy !!!!!!!!!!!!!!!!!!
    Last edited by sweetpea26; 15-01-2018 at 10:30 AM.
    • duskerwho
    • By duskerwho 15th Jan 18, 12:18 PM
    • 6 Posts
    • 9 Thanks
    duskerwho
    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....
    Originally posted by NineDeuce
    Or

    "Can i get some advice on how to deal with a problem that's clearly an issue for a lot of people"

    Followed by some really helpful tips and encouragement.
    • mangle101
    • By mangle101 15th Jan 18, 12:44 PM
    • 142 Posts
    • 148 Thanks
    mangle101
    As opposed to others suggestions regarding Amazon and takeaways, if you have the Amazon & Just Eat (or alternative) apps could you not just press the uninstall button?
    'Dont Bury Your Head In The Sand As Your Problems Will Still Exist'
    Debt Free Since 1st September 2009
Welcome to our new Forum!

Our aim is to save you money quickly and easily. We hope you like it!

Forum Team Contact us

Live Stats

222Posts Today

2,010Users online

Martin's Twitter