Tempted to try a no-buy year? Here are tips from people doing it

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Many people start no-buy challenges at the beginning of the year and commit to keep going until the end of it. But making a list of the non-essential items you won’t spend money on for a set period of time and sticking to it is easier said than done. Some challenge participants begin with a no-spend month to test the waters.

Amea Wadsworth works on her computer at her home, Friday, April 19, 2024, in San Diego. Wadsworth, who moved back home after graduating college, wanted to use her first full-time job as a chance to save, and a moment to take a hard look at her spending activity. are self-imposed and simple: Make a list of the non-essential items you won’t spend money on for a set period of time and stick to it. Easier said than done.

Thinking of what you would be better off living without? These are some recommendations from experts and people already participating in the challenge.Whether it’s makeup, ordering takeout food or buying unnecessary trinkets in the $1 section at Target, knowing your vulnerabilities will help you make a realistic plan for staying on track.

San Diego resident Amea Wadsworth, 22, used to love spending hours looking at clothes and quirky knickknacks at Target and Goodwill. But when she moved back home after graduating college, she realized how many things she had accumulated through the years. Writing down the rules that fit your needs may help you stay on track. However, it’s also fine to tweak some of the rules as you move along in your experience.Finances are very connected to emotions, and emotions sometimes can make you feel like buying something you don’t need. When Wadsworth feels an impulse to get something she saw on social media or at a story, she writes it down instead of immediately purchasing the item.

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