It’s almost a month past our crazy, busy and expensive holiday season… Some of us may be looking at our accounts with panic. “Shouldn’t there be more zeros behind that number?” The thing is we shouldn’t be starting the new year in a slump because we feel to be just scraping by. Financial stress is real, it can stay lingering in the back of your mind day in and day out, holding your peace of mind hostage.
Why Do We Spend Money On Things That We Don’t Need?!
- Boredom- plain and simple we are bored and swiping that credit card gives us a much needed serotonin boost!
- Keeping up with the jones’s- who are these people and why do we need to keep up with them by going broke from purchasing “the next best thing?”
- Stress- As I said before shopping can actually boost those serotonin levels for a short period of time, giving you a shopaholic high, keeping you coming back for more.
- Habit/ Addiction- Yes there is such a thing as a shopping addiction and even more so shopping as a habit!!!
What To Do Instead of Swiping That Credit Card
1. Boredom- Boredom can be conquered in many different ways. There is a whole world out there to explore!!!! And there are lots of experiences and activities that don’t cost money.
2. Keeping up with the “joneses”. This basically means having to always one up other people by spending money that you won’t need to for pure satisfaction which usually leads to unhappiness…. Going broke just to keep up with somebody else’s image isn’t exactly “cool” it’s stupid. Collect memories and friendships instead of things.
3. Stress- when you are stressed find another escape (a healthy one) such as; exercise, meditation, bubble bath, watching a funny movie etc etc
4. Habit- A habit only takes 21 days to break, this is why I am doing this one month, no spend challenge.
Only allowed to spend on necessities. This includes fresh foods as this is a good time to use up everything that you have left in your freezer so you don’t waste! Gas, and obviously everyday bills….
Reasons To Do A No Spend Challenge
- Challenges can be hard but also rewarding. Successfully completing a month long challenge alone, is such a huge accomplishment. Just having a sense of growth and starting off the new year right is a great reason
- Saving up for a bigger expenditure. Such as a trip, down payment or car etc
- Saving for emergencies- life can have its surprises as we all know and having an emergency fund can help you have some piece of mind
- Getting out of a bad habit. As I said before it only take 21 days to get out of a bad habit and reprogram that brain, so a month challenge is the perfect opportunity for this!
- You may start to revaluate your spending habits for the future. Cut down on expenditures that you don’t need.
Starting February 1st 2018 I will be starting my challenge…. will you be joining me? And what will you do with the money that you have saved.