13 Ways To Not Spend Money - The (mostly) Simple Life (2024)

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If you’ve ever spent more than you should have, gone over your budget, or regretted a purchase, this one’s for you!

Since for years our monthly budget was less than $1500 (and is now close to $2500 per month),you can imagine that I’m pretty amazingat NOT spending money 🙂 . Even when we had very little, I rarely felt deprived. We’ve always had what we needed and by living simply, we didn’t need much.

Over the years,I’ve changed some of my habits so that I don’t miss shopping and I don’t feel the urgeto buy stuff unless we really need it.

1. Don’t Go Shopping

It’s obvious, but it’s the most important place to start.

Has anyone ever gone to the mall and not spent any money? At the very least, you buy a smoothie or a cinnamon sugarpretzel, right? Man, those pretzels are good!

You don’t take someone who is trying to drink less alcohol to a bar and you don’t go to the store if you don’t want to spend money. Simple.

Repeat after me: Shopping is not a hobby.

If you don’t have money to spend, don’t go to the store. And if you need to go to Walmart to buy groceries, don’t wander through the craft supplies or home decor section. It’s just too tempting.

2. Borrow

A lot of the things in our house only get used a few times a year.

I’m sure that I could find a family member or friend to borrow from instead of purchasing something that’s just going to sit around most of the time. We’ve borrowed tools, suitcases, and extra bedding for guests instead of buying something we might only need once.

Tip: Before you go buy something new, think about how often you will really use it. Then check and see if you could borrow it from someone instead.

3. Use Something Else

Before we started drinking coffee regularly, we didn’t own a coffee maker at all. We had instant coffee for when it sounded good.

Until I inherited my grandma’s china, we didn’t have wine glasses. We drank wine out of normal cups.

We don’t own many serving dishes. We use glass bakeware as serving dishes if we have guests over for dinner.

We’ve gone without a lot of things because we found that we could easily use something else. Why spend money and take up space storing extra stuff when you don’t have to, right?

Tip: Before you rush out to buy something, think about if there is something you already own that could be used instead.

4. Avoid Online Shops

This is tough for me! I don’t love going shopping, so I’m not tempted by the mall. However, online shopping is a whole different story.

Tip: To avoid online stores, don’t save them to your favorites in your web browser. Also, unsubscribe from all of those tempting emails telling you about sales. Seriously, there isn’t a day of the year that there isn’t a sale happening (I’m looking at you, Pre-President’s Day Sale).

You can always sign up to receive emails again when you need to make a purchase from that online shop if you’re worried about missing out on deals when you need them.

5. Don’t Let Websites Save Your Info

Most websites want to save your billing, shipping, and credit card information.

It’s way fasterto make a purchase next time because they already have all of your information. However, it makes it much easier for you to click the “Submit Order” button.

Tip: When you make a purchase at an online store, make sure to not let them save your info.

Next time you want to purchase something, it will take you some extra effort because you will have to enter your billing, shipping, and credit card info. It’s silly, but that little bit of extra effort just might make you re-think your purchase and if you really need it.

6. Keep a List of Things You Need

Ok, so keeping a list of things you need might seem weird if you’re trying not to spend money, but go with me on this one.

If you keep a list of things you need, you will have time to think through those items and make sure they really are “needs”. Also, it will remind you of what to look for when you do go shopping.

You are less likely to spend on impulse purchases when you know you should be looking for a few specific items that you know you need to spend some cash on.

7. Wait24 Hours

This is some classic advice.

If you see a cute topyou want, tell yourself that if you still want it in 24 hours, you can go back and get it.

Once you get home you might realize that you have 27 black tops already and you probably don’t need another. Stores thrive off of getting customers to buy on impulse.

Speaking of impulse purchases, I’ve got whole posts about ways to avoid impulse purchases and how to know when you should make an impulse purchase.

8. Think Of How Much You Worked For It

Sometimes, an item seems less appealing when you think about how much you had to work for it.

Example: Let’s say you make $10/hour. If you find a super cute comforter for your bed marked way down to $90, you had to work 9 hours to afford that comforter. More, if you think about taxes being taken out of your paycheck. You might end up thinking that that’s alot of hours to work for something you don’t really need.

9. See If It’s Fate

I just did this the other day.

There was this cute dress and Sam’s Club that I really wanted. I was good and didn’t buy it. Well, when we went back to Sam’s Club two months later, they still had it! I had been thinking about this dress the whole time, so I decided that it was fate and I bought the dress. It turned out that it didn’t quite fit right (there’s no place to try things on there), so I returned it, haha!

The point though, is it wait and see if what you want is still available next time.

Obviously, this only works with little things that you actually have the money for. If you want a diamond bracelet that you can’t afford, don’t use this method. 🙂

10. Only Bring Enough Cash

If you have a hard time sticking to your budget, don’t bring more cash than you are supposed to spend.

If you only have $50 to spend ongroceries, bring $50 of cash into the store. You’re not allowed to cheat and use a credit card if you go over budget. Use a tally counter to add up your purchases as you go.

11. Wrap Up Your Card

I can’t remember where I heard this advice, but I like it.

If you are overspending, wrap a special note around your credit card telling yourself why you shouldn’t spend money. The note could say something like “saving for vacation” or “house downpayment” or “we’re almost out of debt”.

The note should remind you of your goals and why you don’t want to spend money. Then when you go to buy somethingunnecessary, you’ll think twice as you unwrap your card to pay.

12. Shop With a List

Grocery shopping 101: Never shop without a list. Know what you need. Buy what you need, nothing else.

13. Keep a List of Free Entertainment

If you’re tempted to spend money on entertainment like going out to eat, to the movies, or for drinks with friends, keep a running list of free entertainment ideas.

Most cities have tons of free events happening if you want to get out of the house. Do a Google search of “[Your City] Free Activities” to see what’s happening in your area.

Plus, you can always get movies from the library, play frisbee golf at a park, host a campfire…

You do not need to spend money to have fun. If you keep a list of fun, free ideas, you’ll be less likely to spend money on entertainment when you’re bored.

It might seem silly to talk about how to not spend money, but it’s an important topic!

If you can’t get a handle on your spending, you’ll struggle with budgeting and reaching financial goals. Having these strategies in mind will keep you from spending money unnecessarily.

Related Posts:

  • How to Live on $2500 Per Month (our actual budget!)
  • The Ultimate Guide: How to Eat Healthy on a Budget
  • 8 Common Meal Planning Mistakes to Avoid
  • How to Stop Eating Out — Break the Habit!

13 Ways To Not Spend Money - The (mostly) Simple Life (2)

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13 Ways To Not Spend Money - The (mostly) Simple Life (2024)

FAQs

How can I live a simple life with less money? ›

Skip spending more to elevate your status.
  1. Eliminate Monthly Subscriptions. ...
  2. Shop for New Insurance. ...
  3. Reduce Prescription Costs. ...
  4. Buy Used Items. ...
  5. Rent, Don't Own. ...
  6. Purchase at the Right Time. ...
  7. Buy High-Quality Products. ...
  8. Enlist Your Friends.

How do I train myself to stop spending money? ›

How to Stop Spending Money
  1. Know what you're spending money on. ...
  2. Make your budget work for you. ...
  3. Shop with a goal in mind. ...
  4. Stop spending money at restaurants. ...
  5. Resist sales. ...
  6. Swear off debt. ...
  7. Delay gratification. ...
  8. Challenge yourself to reach your new goals.
Apr 5, 2024

How can I not spend money easily? ›

Here are some ideas to help you stop spending money and build healthier financial habits:
  1. Create a Budget. ...
  2. Visualize What You're Saving For.
  3. Always Shop with a List. ...
  4. Nix the Brand Names. ...
  5. Master Meal Prep.
  6. Consider Cash for In-store Shopping. ...
  7. Remove Temptation.
  8. Hit “Pause"
Jan 19, 2023

How to live extremely cheaply? ›

What are some tips for being frugal?
  1. Create a budget and stick to it. Being frugal begins with this tip. ...
  2. Shop around for the best deals. Buy what you need from the first store you see, but don't just go to the first one you see. ...
  3. Buy used instead of new. ...
  4. Make your own stuff. ...
  5. Repurpose and recycle. ...
  6. Be patient.
Aug 22, 2023

How to be extremely frugal? ›

12 Tips for Frugal Living
  1. Choose quality over quantity. ...
  2. Prioritize value over price. ...
  3. Use credit wisely. ...
  4. Declutter regularly. ...
  5. Use a budget to guide your spending. ...
  6. Know the difference between wants and needs. ...
  7. Be a savvy consumer. ...
  8. Prioritize your values.
Oct 17, 2023

How do you discipline yourself to not spend money? ›

Research shows that certain strategies can help build up self-control around spending and saving money:
  1. Make one financial decision at a time. ...
  2. Track your spending. ...
  3. Save automatically. ...
  4. Avoid temptation. ...
  5. Ask for support.

How do I stop spending money and anxiety? ›

How to stop worrying about money and start living
  1. Get grounded: Practice relaxing breathing exercises and meditation. ...
  2. Create financial goals: Set clear, achievable objectives. ...
  3. Make a budget: Track finances and control spending. ...
  4. Schedule money check-ins: Regularly review your financial situation.
Mar 12, 2024

How to stop buying so much stuff? ›

How to stop shopping: 12 ideas that will save you time and money
  1. Identify the real need. Before you buy something new because you are bored, sad, frustrated or even celebrating, identify the real need. ...
  2. Remove temptation. ...
  3. Delay. ...
  4. Try a shopping ban. ...
  5. Watch your excuses. ...
  6. Track your spending. ...
  7. Declutter. ...
  8. Location.

What is the zero spend method? ›

Zero-based budgeting (ZBB) is a method of budgeting in which all expenses must be justified for each new period. The process of zero-based budgeting starts from a "zero base," and every function within an organization is analyzed for its needs and costs.

How to stop spending unnecessary? ›

25 quick tips to help you stop spending
  1. Check if you're leaking money via unused subscriptions & payments. ...
  2. Then take it up a notch and ask yourself if you REALLY need it. ...
  3. Block notifications and emails from shops, takeaway services and more. ...
  4. Stop spending so much on food – plan, plan, plan. ...
  5. Leave debit/credit cards at home.
Dec 28, 2023

What is the 20 rule for money? ›

Budget 20% for savings

In the 50/30/20 rule, the remaining 20% of your after-tax income should go toward your savings, which is used for heftier long-term goals. You can save for things you want or need, and you might use more than one savings account.

What is the 50/30/20 rule? ›

Those will become part of your budget. The 50-30-20 rule recommends putting 50% of your money toward needs, 30% toward wants, and 20% toward savings.

What is the golden rule for spending money? ›

The rule is simple: spend less than you earn. The basic idea behind the Golden Rule of Spending is that you should always spend less than you earn. This means that you should only spend what you make in income, and you should be careful to budget your money in a way that allows you to save and invest for the future.

How can I live on the least amount of money? ›

How to live below your means
  1. Understand your current financial habits. Not sure how to start spending less? ...
  2. Create an effective budget and stick to it. ...
  3. Look for ways to reduce spending. ...
  4. Set financial goals for future success. ...
  5. Save for emergencies or major purchases. ...
  6. Pay down debt. ...
  7. Stay aware of lifestyle creep.

How to live a good life on a low income? ›

Additional Tips For Living On A Low-Income Budget
  1. Look for free and low-cost activities. ...
  2. Ask for a raise. ...
  3. Start a side hustle. ...
  4. Replace costly habits with inexpensive ones. ...
  5. Plan sequenced reward opportunities. ...
  6. Create accountability. ...
  7. Seek out low-cost alternatives to your hobbies.
Sep 14, 2022

How to survive on minimum money? ›

17 Tips for Living on Minimum Wage
  1. Evaluate Your Overall Spending. ...
  2. Create and Stick to a Budget. ...
  3. Put Some Money Towards Savings. ...
  4. Look Into Government Benefits. ...
  5. Save on Food. ...
  6. Find Additional Ways to Increase Your Income. ...
  7. Lower Your Housing Costs. ...
  8. ​​Work Towards Reducing Your Debt.
Feb 14, 2023

How can I live peacefully without money? ›

Bartering, or haggling, for food, is a great way to negotiate prices, add variety to your diet, and exchange items you don't want for things that are more useful. How to Barter You may find that people are willing to offer you food or goods in exchange for odd jobs such as window washing or lawnmowing.

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