Whether you find yourself with an addiction to shopping or simply want to save more than you are currently, no-buy challenges are an easy way to change the status of your finances . The rules of the challenges are simple: You make a list of items that you no longer want to spend money on, and attempt to stick to it for a certain amount of time. The trend, which has increased in popularity in recent years, often sees people commit to no-buy challenges as a New Year’s Resolution.
However, the best part of the trend is you can start, or stop, whenever you see fit, with some opting for a no-buy year, while others just push themselves to follow a no-buy month. “I commend anyone who realizes they’re just buying too much because North America is very consumer-focused and there’s too much waste,” said Carrie Rattle, the CEO of financial coaching company Behavioral Cents. According to experts, the first step is thinking about what you’d be better off living without.
To help achieve your no-buy goals, these are some recommendations from experts and people already participating in the challenge. Identify your weakness Whether it’s makeup, ordering takeout food or buying unnecessary trinkets in the $1 section at Target, knowing your vulnerabilities will help you make a realistic plan for staying on track. Before starting her no-buy year, Mia Westrap, a PhD student in Southhampton, England, took a close look at what she spent money on during the previous few months.
She deci.
