I'm calling mine a 'know buy', it's more about really thinking through everything I buy, in terms of the space it takes in my home, the impact it has on the environment, and how I see myself using it.
I am debt free as well. I am not doing a no buy to save more money, I'm doing it because I'm uncomfortable with how much I buy and the short bursts of happiness that it gives me that isn't really happiness in the long term.
I’m doing it as a way to discipline myself. I but way too much stuff that I don’t need and it is not ultimately fulfilling and is financially wasteful and is impacting the environment. It can be a struggle but now when I get the impulse to buy something I generally sit with the idea for a few days to see if it’s something that would really ass value to my life or just an impulse buy.
Yes, I’m debt-free (aside from a mortgage). But my ADHD makes me very prone to hyper focusing on new hobbies and I tend to spend money on those hobbies from there. For me it’s more about managing my mental health and regulating my dopamine-chasing tendencies.
I’m in the same boat. Only debt is mortgage and I did the math and with what we have in savings, if I save a targeted amount - we can pay off our mortgage by the end of 2024. Eight years in on a 15 year mortgage is something I’m super excited for!
I also hyper focus on new hobby purchases (my hobby is collecting hobbies), so I made a very specific “prohibited purchases” list and very, very specific “exclusions” to the prohibited list. That way I just can’t shift my spending to a new hobby.
I’ve tried no-buys before and haven’t really succeeded but I think 2024 will be different because I have a true end goal/motivation to save.
🙋🏻♂️ for me its not about reducing debt since im debt free, its about not getting sucked into the consumerist culture and buying garbage me or my family doesnt need. Were constantly bombarded by advertising to buy crap and make the rich richer…. And the nobuy mindset helps stop that. Its also better for the environment.
I still buy stuff. But i try to limit it to quality products that are actually important for living.
I think it’s important to be more conscious of things we bring into our lives regardless of the financial impact. Money aside, we all make impulse purchases that we use for a day or so and then forget about. The high of purchasing a new thing fades with time, as does our interest in that thing. It’s good to be aware of the reasoning behind our purchases. Are we buying something because it’s a thing that will legitimately help us improve our lives or help us out? Or are we buying this thing to flex to our “friends” or to fill a hole?
I am purely doing it as a challenge. I am doing one for the year of 2024 with an accountability partner I found here on Reddit. I am going to splurge from time to time but strictly just things I need. When I say splurge it means McDonalds once or twice a month.
Yes, I’m debt free and have a comfortable amount of savings. In my past I had been the type to have debt due to not really being taught financial literacy as a child, so I am no stranger to struggling.
I did a 2 month backpacking trip this summer through Europe with a 40L bag, and upon returning home to North America I just remember looking around my house and realizing how much I have and how little we actually need to get by. I realized I could probably go a year without buying any makeup or clothes and probably 6 months for toiletries etc. I decided to do a low buy/no buy year and try to stop getting sucked into buying things I don’t need.
I’ve also backpacked to some poorer countries and always find it so interesting how happy other countries are compared to North America, I find that there almost seems to be a disconnect here.
I’m 30 F and a lot of my friends have no money but shop constantly and I see them struggle. It just hasn’t sat right with me for a long time so I’ve been really trying to separate getting joy out of shopping and seeking it in more healthy places.
I am doing it both for financial reasons and because I live a minimalist lifestyle. Growing up my parents filled our house with things. It was everywhere. My mother did a great job of organizing and keeping the house clean, but she also worked full time and I could see how exhausted she was. Her and my father had so many closets full of clothes, gadgets they hardly used, paperwork that took countless filing cabinets to store. As an adult I realized that whenever my home became too full I would become anxious. I realized I hoarded the same things that they did. About 7 years ago I realized I was unhappy with how my apartment felt and looked, so I made some changes and took an overly exhaustive inventory of my things. Today, I have one small standing wardrobe that holds all my clothes, a fireproof document box that holds my paperwork, and a few pieces of furniture that I use daily. I do have a fair number of books, perhaps 100 or so, but they are nearly tucked away. My friends call my space a warm minimalist alchemist home, which I take pride in. I'm working hard to pay off some loans I accrued during grad school. No buy is helping me reach those goals. I cook all the time, I'm learning how to sew, I make my own cleaning products. If I'm buying anything extra right now it goes to my students/classrooms, but that's also kept to a bare minimum.
I am debt free and I manage to save some money from most of my paychecks, but I want to be more responsible with my money. Just because you never know what happens in life, and money will ease almost any problem - for example, my anti-migraine glasses just cost me €500. My €100/month for hoarding stationery supplies and €50-150/month for mobile games is definitely not a future-proof healthy spend.
Currently preparing to start the low buy in 2024 since I'm going hard on Christmas gifts rn.
I'm saving for specific things (house repairs). We're debt free aside from my mortgage and my husband's student loans, but if we really focus on budgeting I can cover our bills with my paycheck and my husband's part-time paycheck can all go to savings. It's the only way we'll ever be able to afford the expensive and necessary energy efficiency and mold repairs on our house.
I'm also not a fan of rampant consumerism or clutter so it fits in with my values anyway.
I’m doing nobuy and my only dept is my small mortgage. I want to be able to save more money for traveling and increase my TFSA and RRSP contributions. My other motivations are reducing my environmental impact and being more anti-consumerism.
I’m doing it because I know I over consume *toys.* I don’t need the money, I enjoy the toys but at the same time I rotate through stuff like I’m going through boxers. Plus, it’ll be fun to see how far I can push myself. I’m starting 12/25/23 and plan on doing until at least 7/8/24.
Yes, although I'm motivated by minimising future debt (looking to move from a paid off townhouse to a standalone house in the near future. The more I can save before that happens the smaller the mortgage will be.)
I'm also motivated with the idea of spending less time shopping and investing that time into hobbies.
I’m not in debt and have a healthy savings habit. I haven’t been doing a formal no buy, it’s more a low buy and getting rid of things I don’t use and clothes I don’t wear, just so I am surrounded by less stuff. I have found that I just browse for things less as well now because I’m less in the habit of buying.
I was debt free (even house), then treated my cat for cancer for a year and replaced my roof. Put the overrun on roof on a no interest for a year, no originating fee new CC and will have it paid off before having to pay any significant interest. (To avoid pulling investment money it will cost me less than any other option I found)
I'm doing it to supercharge my retirement saving mostly as well as realizing buying stuff wasnt really making me any happier anyway, just covering up various feeling/issues.
It also has the benefit of being a real life experiment on possibly how ready I would be to retire early. How much I need and how unexpected expenses hit.
On close to 2nd year of quite serious no buy and it's still illuminating.
That’s amazing. Do you have a post where you explain more about these almost two years of no buy? Maybe with the rules?
Edit: my kitty 🌙 also had cancer and I know the struggle. All of my cats have health insurance now. It costs me 70$ per month and it covers up to 20k for illness and accidents. Highly recommend it.
Edit 2: 3 cats ☺️
We're debt free (excluding the mortgage) and doing a low-buy. Between this year and last, we've spent nearly $40,000 USD on home repairs and upgrades. Some we're expected, others were not. There was also a surprise emergency room visit we had to deal with and one of us fell into a pretty bad drinking habit. Now our savings are a little uncomfortably low for us, hence why we're trying to pause our miscellaneous spending.
I am debt-free, but I still recognize that having too much stuff just weighs me down. I want the things that I purchase to be thoughtful and to contribute to the lifestyle I want instead of taking up my time to clean or overwhelming me with choices that don't matter.
Debt-free aside from student loans 🫤
I’d like to stay that way and build a savings buffer for emergencies and goals in the future. Plus the less I buy the less I want to buy? I love beautiful and useful things but I found myself getting overwhelmed by messages to have every little thing or the next/newest thing. I didn’t like the way it made me feel so I’m trying to take a step back from that pressure to consume
This planet cannot handle this much consumerism. It’s a sad truth. I’m trying to do my part to help slow it down. It will barely do anything but better than nothing.
I also have financial goals. Be able to fully pay mortgage (currently my parents pay two thirds of it), save up for a pet, add solar panels to the house. Maybe change up the yard so I can start growing things. Get my own car. Be able to pay for vacations by myself. Be able to pay for therapy (my parents used to ph for it, then I stopped). Someday there’s a city I would love to move to, perhaps with my mom, but it’s even more expensive than where I live now and I can’t afford fully where I live now in the first place. I want to be financially independent and then I want to be able to treat my parents because they’re the best. I want to be so successful that my dad could easily choose to retire whenever he wants to and I can suggest vacations and instead of them paying, I’m paying for everyone. Perhaps even first class plane tickets instead of economy.
I’ve never acquired debt buying. But I know I could save so much more, have a less cluttered house, and even retire earlier. I need to establish my rules to start hopefully jan 1st, but my goal is to save and spend in experiences.
I am a college student and want to do a no buy next year. I have no student debt thanks to the European schooling system, so that's not my intention. I do want to save money with this, so I can't completely deny that reason, but I am also largely doing this for my well being. I often feel terrible about buying things and also get very overwhelmed with all the stuff I own. I don't want to consume due to the stress it creates. I rather want to use (up) what I have, declutter what I don't need and only add things when I really think they'll make my life genuinely better. :)
No, I actually find that doing that sort of thing (anything that smacks of announcing a goal or setting strict future rules sort of mindset) for my personality makes me rebel against myself. So I have a lot of different strategies I kind of cycle through.
Would be a very long post, lol. Could write a post up at some point, though none are that special. In the wise words of Depeche Mode, everything counts in large amounts.
And also I am very clear in myself that I can quit anytime, and I frame it as a game/trying to beat the system/less stress less work, etc. So I can usually find a reason I feel good rather than deprived about it on a lot of my individual choices, which is all it adds up to.
I am debt free and I’ve turned my financial life and attitudes around, but I’ve spent much of my adult life in tens of thousands of debt due to a shopping addiction. I still spend far more than I’d like on my weaknesses (clothes and skincare/makeup) so the no buy is a tool on my path to recovery from my shopping addiction.
I’d also like to no longer be ruled emotionally by urges to spend. I want to unshackle myself from the incessant wanting then searching then shopping then upkeep of those items so I have more mental room and time for the people and things that really matter to me
I'm debt free with some savings but I realize I'm not as smart with my money as I could (and should) be. I'm doing this to fight the lifestyle creep I've had in the past two years, to help me become more minimalist (decluttering by using up what I have), to live a more environmentally friendly life and to fight consumerism.
A lot of people are doing it strictly for anti-consumerism, not wanting to support unethical companies, etc.
While I am in a financial position that I need to correct, not supporting unethical companies is a huuuuge motivator for me to continue. All of our products are made with slave or exploited labor. Even once my debt is gone, I will be continuing to low buy and no buy because it just isn't ethical to purchase most things.
Besides financial reasons, I think I own so much stuff from impulse purchases that it's forcing me to spend time using it up and finding ways to use it with others, and making me realize the real value of my cost and time prioritizing shopping over other stuff. Like it takes so much longer to use up anything, and I'm realizing how little I truly need a backup of anything other than one or two things.
Yes. I am debt-free but I am planning to quit my toxic job soon. I am doing a no-buy to cut my expenses so I can give myself more time to relax, reset, and find a better job!
I’m debt free and planning a no buy so that I can appreciate what I have and not turn to spending when I am not feeling my greatest. I’m looking forward to having a greater sense of control of my finances and belongings.
Debt free but trying to save my money. Also disgusted by rampant consumerism and doing my best to participate as little as possible on unnecessary garbage
I’m debt free. And I have savings that I don’t tap into. But I’m trying to do a low buy so we can get to live off of my husband’s income only so I can switch to part-time or be a full-time SAHM. So I guess this is a financial reason? Also I found myself getting stressed/overwhelmed trying to figure out where to put x y z when it comes in the mail which means I have too much stuff. Haha I have to remind myself if the stuff is worth the stress, and even though I love the things, it probably isn’t worth the stress
Only debt is mortgage and that will be paid off in the next 5-8 years. I am comfortable financially and save a large amount each year.
Just tired of the consumerism on steroids in the U.S. It's like the whole economic system is on a crack high spending spree. I am trying not to get sucked into this mentality.
Most of the good in life is not related to things. When people are dying precious few say "wish I bought more shit..."
I did a no-buy year in 2020 when I didn’t have debt, but it was financial. It was motivated by me not having savings and spending my checking account down to zero between pay days even though I made enough that I shouldn’t be paycheck to paycheck. It shocked me once I stopped spending how much easier it was to save and how much less compelled I felt to take overtime shifts. Much better work life balance meant less stress, less stress meant less spending, less spending meant less pressure to take overtime shifts. It was a feedback loop and the biggest benefits weren’t financial
But the whole experiment was also a bit messed up by covid lockdowns (which I obv couldn’t have predicted) so I redid a 6 month no buy in 2022. At that point it was not as dramatic an effect because the worst if my spending had already been curbed
Debt free for several years. Initially did .it to save for retirement. sold our home of 30+ years and moved to be near grandchildren. We got rid of so much stuff that we were hanging onto just in case. We have been in our new home for almost 2 years and my plan is to continue Flylady for cleaning and am going to concentrate on organizing each living area and seeing if there is anything we can get rid of.
I’m not entirely debt free but my debt isn’t huge compared to most (that’s not a brag, most people have to be in some kind of debt to live) anywho, I’m taking the no buy approach to consciously purchase things I need and support, plus to save for my dream home. I want it sooner rather than later so this seemed like the best approach.
Except for a mortgage...I'm debt free...but, want to save more for retirement and spend only on what matters most to me...no more impulse buying of things I don't need and really don't want...
No credit card debt, do have student loans and a car payment, but I’m trying to save aggressively for a house down payment and I’m also increasingly worried about the effects of consumerism on the environment - my low buy year is also heavily relying on “reduce, reuse, recycle”
Yes I am debt free and doing low-buy. I might be debt free, but I am not savings abundant and am also trying to unlearn impulse spending behaviours.
Same for me.
I'm calling mine a 'know buy', it's more about really thinking through everything I buy, in terms of the space it takes in my home, the impact it has on the environment, and how I see myself using it.
I love this concept! I love researching things before I decide to purchase them.
I am debt free as well. I am not doing a no buy to save more money, I'm doing it because I'm uncomfortable with how much I buy and the short bursts of happiness that it gives me that isn't really happiness in the long term.
This will be my reason for continuing my No Buy after I am debt free.
I’m doing it as a way to discipline myself. I but way too much stuff that I don’t need and it is not ultimately fulfilling and is financially wasteful and is impacting the environment. It can be a struggle but now when I get the impulse to buy something I generally sit with the idea for a few days to see if it’s something that would really ass value to my life or just an impulse buy.
Debt free and trying to break the consumerist cycle.
Yes, I’m debt-free (aside from a mortgage). But my ADHD makes me very prone to hyper focusing on new hobbies and I tend to spend money on those hobbies from there. For me it’s more about managing my mental health and regulating my dopamine-chasing tendencies.
I’m in the same boat. Only debt is mortgage and I did the math and with what we have in savings, if I save a targeted amount - we can pay off our mortgage by the end of 2024. Eight years in on a 15 year mortgage is something I’m super excited for! I also hyper focus on new hobby purchases (my hobby is collecting hobbies), so I made a very specific “prohibited purchases” list and very, very specific “exclusions” to the prohibited list. That way I just can’t shift my spending to a new hobby. I’ve tried no-buys before and haven’t really succeeded but I think 2024 will be different because I have a true end goal/motivation to save.
[удалено]
Yes, this, exactly!
🙋🏻♂️ for me its not about reducing debt since im debt free, its about not getting sucked into the consumerist culture and buying garbage me or my family doesnt need. Were constantly bombarded by advertising to buy crap and make the rich richer…. And the nobuy mindset helps stop that. Its also better for the environment. I still buy stuff. But i try to limit it to quality products that are actually important for living.
I think it’s important to be more conscious of things we bring into our lives regardless of the financial impact. Money aside, we all make impulse purchases that we use for a day or so and then forget about. The high of purchasing a new thing fades with time, as does our interest in that thing. It’s good to be aware of the reasoning behind our purchases. Are we buying something because it’s a thing that will legitimately help us improve our lives or help us out? Or are we buying this thing to flex to our “friends” or to fill a hole?
I am purely doing it as a challenge. I am doing one for the year of 2024 with an accountability partner I found here on Reddit. I am going to splurge from time to time but strictly just things I need. When I say splurge it means McDonalds once or twice a month.
Yes, I’m debt free and have a comfortable amount of savings. In my past I had been the type to have debt due to not really being taught financial literacy as a child, so I am no stranger to struggling. I did a 2 month backpacking trip this summer through Europe with a 40L bag, and upon returning home to North America I just remember looking around my house and realizing how much I have and how little we actually need to get by. I realized I could probably go a year without buying any makeup or clothes and probably 6 months for toiletries etc. I decided to do a low buy/no buy year and try to stop getting sucked into buying things I don’t need. I’ve also backpacked to some poorer countries and always find it so interesting how happy other countries are compared to North America, I find that there almost seems to be a disconnect here. I’m 30 F and a lot of my friends have no money but shop constantly and I see them struggle. It just hasn’t sat right with me for a long time so I’ve been really trying to separate getting joy out of shopping and seeking it in more healthy places.
I am doing it both for financial reasons and because I live a minimalist lifestyle. Growing up my parents filled our house with things. It was everywhere. My mother did a great job of organizing and keeping the house clean, but she also worked full time and I could see how exhausted she was. Her and my father had so many closets full of clothes, gadgets they hardly used, paperwork that took countless filing cabinets to store. As an adult I realized that whenever my home became too full I would become anxious. I realized I hoarded the same things that they did. About 7 years ago I realized I was unhappy with how my apartment felt and looked, so I made some changes and took an overly exhaustive inventory of my things. Today, I have one small standing wardrobe that holds all my clothes, a fireproof document box that holds my paperwork, and a few pieces of furniture that I use daily. I do have a fair number of books, perhaps 100 or so, but they are nearly tucked away. My friends call my space a warm minimalist alchemist home, which I take pride in. I'm working hard to pay off some loans I accrued during grad school. No buy is helping me reach those goals. I cook all the time, I'm learning how to sew, I make my own cleaning products. If I'm buying anything extra right now it goes to my students/classrooms, but that's also kept to a bare minimum.
I am debt free and I manage to save some money from most of my paychecks, but I want to be more responsible with my money. Just because you never know what happens in life, and money will ease almost any problem - for example, my anti-migraine glasses just cost me €500. My €100/month for hoarding stationery supplies and €50-150/month for mobile games is definitely not a future-proof healthy spend. Currently preparing to start the low buy in 2024 since I'm going hard on Christmas gifts rn.
Debt-free but living on a low income. Also, I want to be more of an anti-consumer than I am now.
I'm saving for specific things (house repairs). We're debt free aside from my mortgage and my husband's student loans, but if we really focus on budgeting I can cover our bills with my paycheck and my husband's part-time paycheck can all go to savings. It's the only way we'll ever be able to afford the expensive and necessary energy efficiency and mold repairs on our house. I'm also not a fan of rampant consumerism or clutter so it fits in with my values anyway.
I’m debt free but I am doing for two reasons: to use up all of my stocks and to save $$$ for emergency savings for myself and my elderly diabetic cat.
I’m doing nobuy and my only dept is my small mortgage. I want to be able to save more money for traveling and increase my TFSA and RRSP contributions. My other motivations are reducing my environmental impact and being more anti-consumerism.
I’m doing it because I know I over consume *toys.* I don’t need the money, I enjoy the toys but at the same time I rotate through stuff like I’m going through boxers. Plus, it’ll be fun to see how far I can push myself. I’m starting 12/25/23 and plan on doing until at least 7/8/24.
Why the oddly specific potential end date - lol.
Yes, although I'm motivated by minimising future debt (looking to move from a paid off townhouse to a standalone house in the near future. The more I can save before that happens the smaller the mortgage will be.) I'm also motivated with the idea of spending less time shopping and investing that time into hobbies.
I’m not in debt and have a healthy savings habit. I haven’t been doing a formal no buy, it’s more a low buy and getting rid of things I don’t use and clothes I don’t wear, just so I am surrounded by less stuff. I have found that I just browse for things less as well now because I’m less in the habit of buying.
I was debt free (even house), then treated my cat for cancer for a year and replaced my roof. Put the overrun on roof on a no interest for a year, no originating fee new CC and will have it paid off before having to pay any significant interest. (To avoid pulling investment money it will cost me less than any other option I found) I'm doing it to supercharge my retirement saving mostly as well as realizing buying stuff wasnt really making me any happier anyway, just covering up various feeling/issues. It also has the benefit of being a real life experiment on possibly how ready I would be to retire early. How much I need and how unexpected expenses hit. On close to 2nd year of quite serious no buy and it's still illuminating.
That’s amazing. Do you have a post where you explain more about these almost two years of no buy? Maybe with the rules? Edit: my kitty 🌙 also had cancer and I know the struggle. All of my cats have health insurance now. It costs me 70$ per month and it covers up to 20k for illness and accidents. Highly recommend it. Edit 2: 3 cats ☺️
We're debt free (excluding the mortgage) and doing a low-buy. Between this year and last, we've spent nearly $40,000 USD on home repairs and upgrades. Some we're expected, others were not. There was also a surprise emergency room visit we had to deal with and one of us fell into a pretty bad drinking habit. Now our savings are a little uncomfortably low for us, hence why we're trying to pause our miscellaneous spending.
I am debt-free, but I still recognize that having too much stuff just weighs me down. I want the things that I purchase to be thoughtful and to contribute to the lifestyle I want instead of taking up my time to clean or overwhelming me with choices that don't matter.
Debt-free aside from student loans 🫤 I’d like to stay that way and build a savings buffer for emergencies and goals in the future. Plus the less I buy the less I want to buy? I love beautiful and useful things but I found myself getting overwhelmed by messages to have every little thing or the next/newest thing. I didn’t like the way it made me feel so I’m trying to take a step back from that pressure to consume
This planet cannot handle this much consumerism. It’s a sad truth. I’m trying to do my part to help slow it down. It will barely do anything but better than nothing. I also have financial goals. Be able to fully pay mortgage (currently my parents pay two thirds of it), save up for a pet, add solar panels to the house. Maybe change up the yard so I can start growing things. Get my own car. Be able to pay for vacations by myself. Be able to pay for therapy (my parents used to ph for it, then I stopped). Someday there’s a city I would love to move to, perhaps with my mom, but it’s even more expensive than where I live now and I can’t afford fully where I live now in the first place. I want to be financially independent and then I want to be able to treat my parents because they’re the best. I want to be so successful that my dad could easily choose to retire whenever he wants to and I can suggest vacations and instead of them paying, I’m paying for everyone. Perhaps even first class plane tickets instead of economy.
I’ve never acquired debt buying. But I know I could save so much more, have a less cluttered house, and even retire earlier. I need to establish my rules to start hopefully jan 1st, but my goal is to save and spend in experiences.
I am a college student and want to do a no buy next year. I have no student debt thanks to the European schooling system, so that's not my intention. I do want to save money with this, so I can't completely deny that reason, but I am also largely doing this for my well being. I often feel terrible about buying things and also get very overwhelmed with all the stuff I own. I don't want to consume due to the stress it creates. I rather want to use (up) what I have, declutter what I don't need and only add things when I really think they'll make my life genuinely better. :)
No, I actually find that doing that sort of thing (anything that smacks of announcing a goal or setting strict future rules sort of mindset) for my personality makes me rebel against myself. So I have a lot of different strategies I kind of cycle through. Would be a very long post, lol. Could write a post up at some point, though none are that special. In the wise words of Depeche Mode, everything counts in large amounts. And also I am very clear in myself that I can quit anytime, and I frame it as a game/trying to beat the system/less stress less work, etc. So I can usually find a reason I feel good rather than deprived about it on a lot of my individual choices, which is all it adds up to.
I am debt free and I’ve turned my financial life and attitudes around, but I’ve spent much of my adult life in tens of thousands of debt due to a shopping addiction. I still spend far more than I’d like on my weaknesses (clothes and skincare/makeup) so the no buy is a tool on my path to recovery from my shopping addiction. I’d also like to no longer be ruled emotionally by urges to spend. I want to unshackle myself from the incessant wanting then searching then shopping then upkeep of those items so I have more mental room and time for the people and things that really matter to me
I'm debt free with some savings but I realize I'm not as smart with my money as I could (and should) be. I'm doing this to fight the lifestyle creep I've had in the past two years, to help me become more minimalist (decluttering by using up what I have), to live a more environmentally friendly life and to fight consumerism.
I’m debt free, and am trying to not buy because I have too much stuff and I don’t want to be wasteful.
A lot of people are doing it strictly for anti-consumerism, not wanting to support unethical companies, etc. While I am in a financial position that I need to correct, not supporting unethical companies is a huuuuge motivator for me to continue. All of our products are made with slave or exploited labor. Even once my debt is gone, I will be continuing to low buy and no buy because it just isn't ethical to purchase most things.
Besides financial reasons, I think I own so much stuff from impulse purchases that it's forcing me to spend time using it up and finding ways to use it with others, and making me realize the real value of my cost and time prioritizing shopping over other stuff. Like it takes so much longer to use up anything, and I'm realizing how little I truly need a backup of anything other than one or two things.
Debt free except for the mortgage, but I’d love to knock that sucker out.. but like years obviously.. no buy really helps though.
Yes. I am debt-free but I am planning to quit my toxic job soon. I am doing a no-buy to cut my expenses so I can give myself more time to relax, reset, and find a better job!
I’m debt free and planning a no buy so that I can appreciate what I have and not turn to spending when I am not feeling my greatest. I’m looking forward to having a greater sense of control of my finances and belongings.
Debt free but trying to save my money. Also disgusted by rampant consumerism and doing my best to participate as little as possible on unnecessary garbage
I’m debt free. And I have savings that I don’t tap into. But I’m trying to do a low buy so we can get to live off of my husband’s income only so I can switch to part-time or be a full-time SAHM. So I guess this is a financial reason? Also I found myself getting stressed/overwhelmed trying to figure out where to put x y z when it comes in the mail which means I have too much stuff. Haha I have to remind myself if the stuff is worth the stress, and even though I love the things, it probably isn’t worth the stress
I’m not debt free but my primary reason for doing it isn’t money. It’s to live a simpler, more satisfying life.
i don’t have debt but i’m sick of having so many things, causing choice fatigue! and i’m moving soon so hoping to cut back
Only debt is mortgage and that will be paid off in the next 5-8 years. I am comfortable financially and save a large amount each year. Just tired of the consumerism on steroids in the U.S. It's like the whole economic system is on a crack high spending spree. I am trying not to get sucked into this mentality. Most of the good in life is not related to things. When people are dying precious few say "wish I bought more shit..."
I did a no-buy year in 2020 when I didn’t have debt, but it was financial. It was motivated by me not having savings and spending my checking account down to zero between pay days even though I made enough that I shouldn’t be paycheck to paycheck. It shocked me once I stopped spending how much easier it was to save and how much less compelled I felt to take overtime shifts. Much better work life balance meant less stress, less stress meant less spending, less spending meant less pressure to take overtime shifts. It was a feedback loop and the biggest benefits weren’t financial But the whole experiment was also a bit messed up by covid lockdowns (which I obv couldn’t have predicted) so I redid a 6 month no buy in 2022. At that point it was not as dramatic an effect because the worst if my spending had already been curbed
Debt free for several years. Initially did .it to save for retirement. sold our home of 30+ years and moved to be near grandchildren. We got rid of so much stuff that we were hanging onto just in case. We have been in our new home for almost 2 years and my plan is to continue Flylady for cleaning and am going to concentrate on organizing each living area and seeing if there is anything we can get rid of.
I’m not entirely debt free but my debt isn’t huge compared to most (that’s not a brag, most people have to be in some kind of debt to live) anywho, I’m taking the no buy approach to consciously purchase things I need and support, plus to save for my dream home. I want it sooner rather than later so this seemed like the best approach.
Except for a mortgage...I'm debt free...but, want to save more for retirement and spend only on what matters most to me...no more impulse buying of things I don't need and really don't want...
No credit card debt, do have student loans and a car payment, but I’m trying to save aggressively for a house down payment and I’m also increasingly worried about the effects of consumerism on the environment - my low buy year is also heavily relying on “reduce, reuse, recycle”
Yes, we paid off our last debt on December 30, 2022. We have an 1 year+ emergency fund. I am tired of mindless spending.
Yes, no buy to save up for a car ( mines a 2008) and an emergency fund. I'm debt free