Updated: December 19, 2023
The key to surviving financially is simply spending less than you earn. Some people might say that this is easier said than done. Well, if you could put your heart and mind into it… it is easy.
If planning a monthly budget seems like a daunting task for you, then I suggest you start by doing something simple like having a Buy Nothing Day.
A Buy Nothing Day is a challenging but very effective way to save money, especially when your budget is really tight, trying to pay up some debts, or just saving up for a big purchase. Personally, doing a no-spending day allows me to tap into my internal resources and be creative with my time. How, you might say? Then, read on and find out.
What is a Buy Nothing Day?
Sometimes called a No Spending Day, it’s a day when you challenge yourself and avoid spending and buying anything within 24 hours.
You are NOT allowed to buy anything with your money and credit cards for one whole day.
How do you start a Buy Nothing Day?
If you want to take on this challenge, then all you need to do is schedule it on your calendar and plan your activities for the day. I usually do this on a Sunday, when I usually just stay at home the whole day anyway.
Go on and try it during your rest day from work to get a feel of the challenge. But also try doing it on a weekday and see if you can survive a day at the office without buying anything.
The key to a successful Buy Nothing Day is planning your day properly and having the discipline to stick to your schedule. Sort out first how you’ll be getting your meals, and then write down your planned activities in between. Although it’s perfectly okay just to sleep or watch the television all day, I suggest you be creative and do something more fun and active.
Personally, I go to my parent’s home during most of my Buy Nothing Days because there’s always food in the kitchen. I surf the internet or read a book in the morning, go to the gym in the afternoon, and watch a movie or TV series at night. In some instances, there will be a party I can go to in the evening for some free food and fun.
Does a Buy Nothing Day mean becoming a freeloader on a weekend?
Of course not. What I just told you is one of the many ways you can spend your day. You can alternatively do home-cooked meals the whole day. Then, you can clean and organize your room in the morning, work on a home project in the afternoon, and call friends to come over for a potluck party in the evening.
If I spend on groceries and other stuff the day before, I’m not saving money.
Well, that’s the initial impression, but if you think about it, having home-cooked meals is much cheaper than eating in restaurants.
And if you do your Buy Nothing Day on a weekend, then you might consider not going to the mall at all, preventing you from unnecessary spending and impulse buying.
What about doing a Buy Nothing Day on a work day?
When taking up this challenge during the week, you must bring your own food to work and say “No” to after-office activities with your mates to avoid spending.
What’s next after doing a Buy Nothing Day?
What about a Buy Nothing Week? Sounds impossible? Why not go ahead and try? Start with two days, then three, and continue until you can do a week. Be flexible and allow yourself to spend on necessities.
Remember that doing a Buy Nothing Day is more than just about saving money. It’s also about financial planning and discipline. You’ll learn about time management, goal setting, and more importantly, you’ll realize what’s really essential in your life and discover that some of the stuff you thought you needed are things you can actually do without.
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