No Buy 2020 Rules

On my channel, I started chronicling my no buy 2020 rules and reasons. I posted a video confessing my financial negligence over the last decade explaining outside influences and compulsive shopping behaviours.

One thing is for sure, ever since I read the Life Changing Magic of Tidying Up in 2018, I started a slow progression to realizing my spending habits would soon harm my financial future.

No, the book is nothing about finances but it made me aware of all the stuff I had accumulated. Then I equated all that stuff to money that was long gone.

At the end of 2019, I became interested in Dave Ramsey’s Total Money Makeover and was gifted a copy.

the significance of making rules

Before you try a no buy, you need to consider several factors in your lifestyle and make rules that apply to uniquely to you. We all have different needs, wants, aspirations and goals. It’s important that your no buy rules reflect what you are trying to accomplish.

In my case, I had already given up purchasing makeup in 2017. I spent a total of $80 on cosmetics in 2018 and I’m proud of that. It is no longer a problem area for me. However, I noticed that when I cut out overspending on clothing and makeup had transfered over to eating out and spending money at bars too often.

What can we observe from this? If you don’t budget or handle your spending habits accordingly, they can morph and shift categories. Your cash flow is in tandem along with your lifestyle and interests. Therefore, your shopping behaviours don’t really change even when you’ve stopped buying makeup, clothes or whatever your main issue was in the first place. In fact, we often replace one addiction with another. Curious, isn’t it!?

no buy rules 2020

https://youtu.be/-n7jhUSFIuY

no buy items:

  • makeup
  • skincare
  • manicure supplies
  • body care (except razors)
  • haircare (except a trim every 4-6 months)
  • accessories
  • flight vacations
  • paid phone applications
  • movies
  • subscription services

low buy limitations:

  • 10 articles of clothing within the first 6 months on the condition that they are replacements, workwear or fitness wear if needed
  • I’m in the market for a new sports bra in a 32″ band
  • starting February, restaurants and bars only socially and select occasions (budgeted)
  • museums and concerts (budgeted)

no limitations:

  • groceries, cat food/litter, medicine etc..
  • anything purchsed with gift cards
  • gym classes or educational courses

I will be doing quarterly check ins on my YouTube channel in April, July, October and January.

As a former beauty junkie, I still receive PR samples but much less than years ago. I recommend bloggers who are struggling with large collections to consider project panning, shopping your stash and decluttering! Unless the chaos makes you happy. Do you, boo!

Are you trying a no buy year in 2020? What are your rules?

(This post is obviously not sponsored.)

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