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9 Tips on How to Not Spend This Month – I’ve gotta be honest. This month, I got slammed with bills. I mean, big time. All those once-a-year bills hit me all at the same time, along with various medical bills from when I got sick last month. And boy is my bank account feeling it!
I’m willing to bet this has been you at some point. Maybe it happens every year around the same time? But more than likely, you’re going through it at this very moment. That’s why I’ve put together some of the best tips on how to stop spending this month. At the very least, it will give your bank account time to bounce back from the shock.
Practice these tips as often as you need. Make it a fun challenge to see how much you can ‘save’ by the end of the month. At the end of the day, what’s important is that your finances are intact and you’re able to survive times like these.
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1. Use A Weekly Budget
If you’re already using your monthly budget to control your money – that’s great! But it might be even more beneficial to break it down into a weekly budget. Sometimes, it can be too easy to blow through most of your budgeted money early on in the month. This leads to continued spending as the end of the month nears. The weekly budget is designed to keep this from happening. You want to stop your spending this month? Try the weekly budget. You might find it a better fit and easier to manage.
2. Write Down Your Goals
As often as you see fit, write down specific goals for yourself. You can do this weekly or daily. I choose to write mine down weekly. I find that it helps set the tone for the rest of the week. Pick a day of the week that will work best with your schedule – and stick with it. It will get you into the habit of writing down your goals and also gives you a visual to refer back to when you need it.
3. Have No-Spend Weekends
Weekends can be prime time for extra spending. That’s no surprise. You’re looking for something fun to do and the first places that pop in your head are usually the ones that cost money. Challenge yourself to a no-spend weekend at least once a month. There’s still plenty to choose from that won’t cost you a thing.
4. Go Cash Only
An oldie, but goodie that won’t steer you wrong. You can’t spend money you don’t have on you. The next time you go shopping for groceries, leave your checkbook and credit cards at home. Bring only cash. When you get home, put all the spare change into a jar. Take from it as the month goes on. Stop your spending with the cash envelope system.
5. Shop With A List
I always go shopping with a list – whether it’s for groceries or a Target run. It helps me stay on track and keeps me from buying things that I don’t need. In other words, this simple little tool saves me a LOT of money! It can work wonders for you as well. If you really want to stop your spending this month, shop with a list from this day forward.
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6. Meal Plan
One of the biggest areas of over-spending is food. Yet, it’s one of the easiest areas to control. I’m serious. To really get a handle on your grocery spending, create a weekly meal plan. It saves you time and cuts down on food waste.
7. Analyze Your Habits
I already talked about using a weekly budget, but that’s only half the equation. To stop your spending, take the time each month to analyze your spending habits – the good and the bad. Revisit your budget as much as you need. You can’t stop your spending if you don’t know what your bad habits are. Find them, and make the changes quickly.
8. Avoid Retail Therapy
This may hit you hard. Your way of dealing with a bad day might be to hit up your favorite store or go on an online shopping spree. If you’re shopping to fill a void, or for fun, or simply because you’re bored – the spending will never stop. Find a more constructive way to cope with bad days and boredom.
9. Shop From Your Freezer
Groceries can be a huge money-sucker. Rather than continuing to spend on food, shop from your freezer. It’s probably chocked full of tasty foods you forgot were even in there. Use up those frozen pizzas and thaw out meats for dinners. You’re using up what you have before it goes bad and not spending!
Some months can be super stressful with finances. I’ve been there and I totally get it. It’s not a fun place to be. But, it’s not entirely out of your control. Start by creating a budget: That’s going to be your foundation. Write down your financial goals, put down the credit cards, and analyze your spending habits to see where you fall off the wagon. Give yourself the financial wiggle room you need by putting a complete stop to any unnecessary spending this month.
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