5 Ways To Stop Spending Money

 In theory, it sounds simple to stop spending money. But as we all know, it’s much harder actually to follow through on this difficult goal. The good news is that you don’t need to quit cold turkey.

You simply need to employ strategies that can help you stop overspending, purchasing unnecessary things, and impulse buying. Utilize these recommendations to transform your lifestyle and make healthy adjustments to your financial behaviors.


Realize Why You Need To Stop Spending Money

Beautiful young couple enjoying in shopping, having fun together. Consumerism, love, dating, lifestyle concept.
Image Credit: Bobex-73/Shutterstock.

If you’re searching for “how to not spend money,” then you already know you have a problem. It’s wonderful that you have achieved this level of self-awareness about your spending habits. You alone have the power to change your behavior and get your expenses under control by practicing discretionary spending.

Maybe your motivation for figuring out how to not spend money involves providing for your kids or paying off a mortgage. Maybe you just want to set up a savings account to secure your own future. No matter what your “why” may be, identifying a reason to stop spending is the first step to success.

Create a Budget

Glass jar with coins, with a sticker saying Budget, on a blue background..
Image Credit: Aleksandr Grechanyuk/Shutterstock.

Mapping out a plan for how you can spend and save money will help you avoid making purchases that you can’t afford. Creating a budget may take some initial time and effort, but it is a crucial step in figuring out how to not spend money that you don’t have.


Key Elements To Highlight in Your Budget Include:

A pen on paper notebook with cash dollars money , all on white lined note paper with text written PAY YOURSELF FIRST - concept of set aside some amount of income to save before spending.
Image Credit: Ariya J/Shutterstock.
  • Living Expenses (rent, utility bills, etc.)
  • Recurring Costs (gym membership, grocery store visits, subscriptions, etc.)
  • Miscellaneous (travel, coffee, etc.)


If you’re new to the world of preserving money, use a budgeting app to help you stay organized and accountable. Additionally, if paying with your credit or debit card makes it hard for you to mentally connect with the real money you’re parting ways with when you make a purchase, consider shopping with cash only. This way, you’ll be able to track exactly how much money you are giving up and consider if it’s truly worth it to you.


Shop With a List

Woman with notebook in grocery store, closeup. Shopping list on paper.
Image Credit: sergiophoto/Shutterstock.

Next time you head out to go grocery shopping, prepare a careful list ahead of time so you know exactly what you need. Research a recipe or two that you plan to follow so you know what items to put in your cart. Do not allow yourself to be tempted by enticing items that are not on your list. While shopping, always buy generic products instead of name-brand ones.

They will serve you just as well for a fraction of the cost. Once you’ve procured a good amount of ingredients you can use to cook at home, use those affordable items to meal prep for the upcoming week. This way, you won’t have an excuse to eat expensive takeout.


Try a No-Spend Month

Serious old senior mature 60s man stretch out palm to camera says stop gesture indoors.
Image Credit: MAYA LAB/Shutterstock.

Minimizing your money usage as much as possible for a single month can sound overwhelming, but it’s a worthwhile pursuit that can really help your financial situation. Prove to yourself that you can enjoy life and have fun without spending a dime. Instead of eating out at fancy brunches with friends, try some free activities in your local area or host a fun night for playing board games.

Better yet, feed everyone for cheap by hosting a potluck party. Instead of taking shopping trips to purchase new clothes, make an outfit out of the clothes in the back of your closet that you’ve only worn once. Even if you can’t conquer a month of this no spend challenge, cutting down on costs for an entire week could do you wonders.


Curate Your Social Feeds

Young pretty woman using social media on her smartphone
Image Credit: HASLOO via DepositPhotos.com.

When you see an endless stream of product ads on your social media platforms, it can feel nearly impossible to avoid making online purchases. Unfollow influencers who are constantly pitching products to you to help combat this issue.

On the same token, remove shopping apps from your phone so that it becomes less convenient to make impulse purchases. Avoid using the browser on your phone or computer to search through online stores as well. You can’t solve any of life’s problems with new products, so take a deep breath when you get the urge to buy and remind yourself of your “why.”


Keep At It!

Photo of attractive retired woman money fan empty space dressed stylish checkered yellow clothes isolated on aquamarine color background.
Image Credit: Roman Samborskyi/Shutterstock.

When you make these good financial habits part of your daily routine, you can take your life down a different route. Make a promise to yourself that you will resist the urge to spend on frivolous things. The secret of how to not spend money lies in consistency, discipline, and a shift towards smart decision-making. Just as mothers put jars of cookies high up on the top shelf of the pantry so kids can’t easily reach the treats, you must place a barrier between yourself and your spending habits whenever possible.

People Who Grew Up Poor Share The 20 Ultimate “Poor” People Hacks

homeless woman.
Image Credit: kuzmaphoto/Shutterstock.

Life’s thrown us a curveball, and our bank accounts might be staging a rebellion, but fear not! We’ve got something up our sleeves- a treasure trove of tips and tricks that will have you grinning ear to ear as you outsmart the very concept of scarcity. Being broke? It’s not a limitation; it’s a canvas for creativity!

People Who Grew up Poor Share the 20 Ultimate “Poor” People Hacks

20 Of The Worst Mistakes You Can Make In Your Life

Computer stress, night office or man with crypto finance crisis, bitcoin stock market crash or NFT investment mistake..
Image Credit: PeopleImages.com – Yuri A/Shutterstock.

Life is like a roller coaster- it’s filled with exhilarating highs, nerve-wracking lows, and unexpected twists that can leave us hanging upside down. We all make mistakes along the way, right? Because at the end of the day, we are only human!

20 Of The Worst Mistakes You Can Make in Your Life 

15 Tips For Frugal Living On A Tight Budget

Man in a hat as a cowboy.
Image Credit: Thomas Mucha/Shutterstock.

If you are looking for tips for frugal living on a tight budget, this post is for you. 

Being on a tight budget means looking for even the slightest opportunity to save money. It could be saving to clear your loans, for a bigger purchase, or even for early retirement. 

15 Tips for Frugal Living on a Tight Budget 

12 Frugal Hacks That Make All The Difference

Portrait Of A Mature Woman Smiling.
Image Credit: Nadino/Shutterstock.

A Reddit user who started the frugal journey with his wife a couple of years ago wanted to know the frugal hacks people had that made all the difference.

According to the OP, shopping grocery sales every week and planning their meals helped cut their bill from $250 to $100 per week. Other users shared their stories about frugal hacks they had that made some difference in their lives. Here are some of the best ones.

12 Frugal Hacks That Make All The Difference

14 Frugal Living Tips To Learn From Warren Buffett

Warren Buffett, chairman and CEO of Berkshire Hathaway is interviewed after the annual Berkshire Hathaway shareholders meeting held at the CenturyLink Center in Omaha, Neb. on Saturday, May 2, 2015.
Image Credit: Kent Sievers/Shutterstock.

Legendary investor Warren Buffett is one of the wealthiest people in the world and, for a time, was the wealthiest. It might surprise you, then, to learn that Buffett is a proponent and practitioner of frugal living and always has been.

14 Frugal Living Tips To Learn From Warren Buffett 

Hi! I am a millennial mom with a passion for personal finance. I have always been “into” personal finance but got inspired to start my blog after a period of extended unemployment. That experience really changed the way I viewed my relationship with money and the importance of accessible personal finance education.