No Spend Year

posted 3 months ago in Money
Post # 31
Hostess
7622 posts
Bumble Beekeeper
  • Wedding: March 2019

This is such a great post. We have been saving for the wedding and buying our home over the last year and a half, I can’t wait for pay day this month so I can save for other things. We want to try and get some savings in place to cover the gap we will have if and when I go on MAT leave. 

Post # 32
Member
302 posts
Helper bee
  • Wedding: September 2019

I haven’t done a no spend year, but I think I will try to do as close to a “no spend on clothes” year as possible this year. My fiance and I are moving in together, and I have 8 trash bags full of clothes that I’m donating. I’m embarrassed by how many clothes I’ve accumulated over the years! I’m 34 and some of the clothes were from college that I just never got rid of, but still. 

Post # 33
Member
214 posts
Helper bee
  • Wedding: June 2018

This post is inspiring me. Although, I honestly don’t think I can go an entire year not spending. I feel like Darling Husband and I are just an awkward crossroads in our life where we can’t NOT spend on essentials for our lifestyle. LUCKILY, we’ve gotten our house updated to where we want it to be (at least until kids) so we can calm down on the spending due to home improvement projects.

I think we can definitely start small though. I find we spend a lot on food and eating out so perhaps we can go an entire month without doing that.

Personally, I know I can maybe challenge myself to no spending for a month or maybe a few. There is a gas station next to my work and its a BAD habit to stop in for a soda and donut some mornings (which my body definitely doesn’t need), it adds up after a while and I know I don’t need the extra sugar or calories, haha.

Currently thinking of other things I can do to curb spending and how long I think I can successfully do it…

Post # 34
Hostess
3737 posts
Sugar bee
  • Wedding: November 2016

sparklyglitterbee :  D.H. and I did this last year because we really wanted to buy a house in our HCOL city.  It was a great experience!  Overall, it made us much more frugal.  Good luck bee!

Post # 36
Member
11 posts
Newbee

sparklyglitterbee :  I’m starting to do this myself.  I’ve just helped pay for my sister’s wedding and other expenses, so my goal is to get my finances in order and, beginning with this summer, have 1-2 no spend years as well as I save back up what I had spent on my sister’s wedding in preparation for my own.

I’m also in the process of decluttering, so I’m donating clothes that I no longer wear (I use a system where I place tags on my hangers, and whatever hangers with tags I have leftover after a certain number of months are the clothes that I end up donating.  Try that method out for decluttering the closet.  🙂  ) , donating books, and just getting rid of stuff that’s accumulated over time.  I’m finding that it’s giving me much peace of mind doing this.

Post # 37
Member
1183 posts
Bumble bee

That’s so inspiring! I’m intrigued to try this xo

Post # 38
Member
213 posts
Helper bee
  • Wedding: July 2011

Me! Every new year I try a new challenge, and this year it was to buy no new clothes (including underwear, shoes, makeup etc, and no second hand clothing either) for the whole year. I realized that although the challenge started in January, I actually hadn’t bought any of these things since at least August, so it’ll be more like a no new clothes for 16 months challenge! I’m not finding it difficult at all.

I’ll admit that I have bought a few cute outfits for my baby, but I got about 95% of his clothing and toys, crib, furniture etc. second hand. Being really frugal has allowed me to take a longer mat-leave, which is much more valuable than new stuff! Plus, buying less (or buying second hand) is much better for the environment 🙂

Post # 39
Member
454 posts
Helper bee

My fiance and I have done somethign similar with the goal to put what we saved towards debt.  I had $11’000 and my fiance had $8000.  We’re both down to about $3000 now from just putting that extra money we saved towards our debt.

I’ve done pretty well with the no spending thing…The only stuff I’ve spent money on are wedding related booked expenses, food and gas. I bought one $70 dress for our engagement party but i have found that I havent been wanting to spend my money as often.  My fiance and i went to the grand opening of a new home store yesterday and while i saw a ton of things I liked, i just couldnt justify buying anything.

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