How To Stop Wanting to Buy Stuff | Frugal Living

The Nugget

  • Waiting it out, making pros and cons lists, unsubscribing from temptations, finding a hobby, and considering financial goals are effective ways to stop wanting to buy stuff, leading to more intentional and mindful spending habits.

Key quotes

  • "During this time, I'm able to see if it fits in my budget, look at reviews if I can, but most importantly, see if I even care after 30 days."
  • "Every single time I've made a pros and cons list, the cons usually far outweigh the pros."
  • "After going to Europe, I'm really convinced that spending money in itself is a hobby here in the US."
  • "Most of the times in my life where I wasn't regularly doing something like a hobby, I really felt compelled to shop more just to find a little bit of joy."
  • "If I remember that every non-essential purchase is ultimately a delay in my financial goals, it's usually a pretty easy decision right then and there."

Key insights

Wait it out

  • Implementing a waiting period of about 30 days before making a purchase helps to avoid impulse buying, buyer's remorse, and unnecessary spending.

Pros and cons list

  • Making a pros and cons list for each purchase decision can help to assess whether the purchase is truly necessary and if the benefits outweigh the drawbacks.

Unsubscribe and avoid temptations

  • Actively unsubscribing from tempting emails and ads, as well as clearing browsing history and personalized content, can reduce the urge to make impulse purchases.

Finding a hobby

  • Engaging in a hobby or activity that brings joy and fulfillment can reduce the desire to shop out of boredom or to seek temporary happiness through material goods.

Explore affordable alternatives

  • Seek out more affordable options, borrow or buy used items, and utilize resources like libraries to meet your needs without overspending.

Consider financial goals

  • Focusing on financial objectives and watching savings grow can shift the perspective on spending, making it easier to prioritize needs over wants and make more intentional purchasing decisions.

Make it stick

  • 💡 Make a pros and cons list before buying to weigh the benefits and drawbacks.
  • 🌟 Find a hobby to replace the urge to shop and seek joy from non-material activities.
  • 🧠 Remember that every non-essential purchase delays achieving your financial goals.
  • 🛒 Explore affordable alternatives instead of succumbing to the temptation of buying something new.
This summary contains AI-generated information and may have important inaccuracies or omissions.