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StitcherIf a No-Buy Year or No-Spend Challenge didn’t go as planned, that’s okay! You’re not alone in this and it doesn’t mean you failed, it just might not be the right approach for you. But this? Might be. In this episode, Jen and Jill dive into the concept of Low-Buy Year and tips on how you can build a habit that actually changes your spending game.
Anytime you engage in anything that's a bit of a challenge, you need to know why you’re gonna do it.
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- All-in-one. Like a fanny pack that doubles as a belt, or a hat that’s also a hair tie, or a cup that’s also a plate. Whenever you can jam 15 desirable things into 1 handy accessory we’re here for it! Kinda like our book ‘buy what you love without going broke’. It’s an all-in-one guide on how to save money, spend better, and feel confident about your finances. It’s the last thing you’ll need to buy this year because it’s just that good. Use it for bedtime reading, as your journal, wear it like a necklace, use it as a coaster AND a plate. Get the all-in-one ‘Buy What You Love Without Going Broke’ wherever books are sold.
Check out some relevant episodes
What Is It and What’s In It For You
It’s never too late to start something that might just change your money habits because in this article by This Simple Balance, they reveal tips to embracing a low buy lifestyle—because spending less can mean living more.
What Jen + Jill have to say:
If this is your first time hearing this concept, Jen and Jill define a low-buy year as choosing to take inventory of your spending and cut back as much as possible. They also laid out some benefits, like being able to start whenever you want and how it can help you reach another financial goal or free up cash for debt. But to make it work, you need to identify your deeper reason for starting.
Your Practical Approach to a Successful Low Buy Year
Jen emphasizes that a low-buy year isn’t about strict preparation but about thinking ahead for necessary purchases. Instead of limiting social media use, she leans into decluttering it for a healthier mindset. And by unsubscribing from store emails and deleting shopping apps, she focuses on creating inconveniences to avoid impulse buying.
Jill on the other hand focused on establishing habits for mindful spending, setting personal low-buy rules, and using tools like wish lists and alternative activities to stay on track. For her, it’s all about shifting habits to make a low-buy lifestyle sustainable and fulfilling.
What are your exceptions in your low-buy year?
Jen’s never officially started a low-buy year because she’s been (frugal) living it her whole life but her guilt-free exception is childcare. Jill, on the other hand, makes room for experiences like travel and good food because for her, those breaks are worth it.
Bill of The Week
Thank you Ruth for sharing about your 11yo Toyota Corolla – and making yourself pay a “car payment” now as a way to save!
Thanks so Much for Listening!
Thanks so much for listening. We love love love reading your kind reviews of our book Buy What You Love Without Going Broke and we especially loved this one from:
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Buy What You Love Without Going Broke is a down-to-earth read that feels like a chat with friends over homemade coffee. The authors meet each reader where they are on their own personal finance journey. This book provides a foundation that encourages its readers to assess their relationships with money and ultimately create their own roadmaps toward financial empowerment.
If you want to check out our monthly challenge community head to frugalfriendspodcast.com/club to see what challenge we have coming up next.
Keep leaving us reviews on iTunes or Stitcher, and sending the screenshot to reviews@frugalfriendspodcast.com. And don’t forget to share your favorite quote from the episode by using the hashtag #FrugalFriendsNote. 😉
