2020 No-Buy/Low Buy

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I mentioned it briefly at the beginning of the year, but I decided in 2020 to have a No-Buy/Low Buy year. Technically, I started it before the end of 2019, so I could get a head start. I have to say it has been going better than I expected.

Since I’ve been home, I’ve been trying to address the ways I cope with different feelings and situations. I realized that one of my worst habits, especially when I’m feeling down, is turning to retail therapy to make myself feel better.

I’ve known for a while that this would be something I needed to deal with. And I felt that now was a good time to address it.

So, I made a few changes in my life to set myself up for committing to my no-buy/low buy (NBLB). The first task was getting out of a call center environment. I knew that wasn’t suited for the role, and it was causing me to want to shop to relieve stress. Also, I decided to focus more on my health and the gym as a way to alleviate stress healthily.

Once I did those things, I set my rules for my NBLW.

No Buy Rules

  • No buying lipsticks
  • No buying eyeshadows
  • No buying clothes

Low Buy Rules

There are exceptions to every rule, which is where the low buy part of the plan comes in.

  • No buying skincare UNLESS I’ve used up all of the products I have of the same type OR it is necessary to my routine
  • No buying makeup UNLESS it is something necessary and I have used up all of my alternatives
  • No buying clothes UNLESS it is for work (within reason) or it is a staple (underwear, socks, etc.)

For the things I can buy to replace stuff I’ve finished and have no replacement for, I’m only to buy ONE replacement. It isn’t an excuse to buy a ton of things because that would defeat the purpose of this project.

As I said, I started this in 2019, and I can already see a difference in my bank account because I’m on a weekly pay schedule. Usually, I give myself a weekly “allowance,” and by the end of the week, I would be low on cash. However, since starting, I’ve had more money left over at the end of the week to transfer into my savings, which I love.

I’ve also started improving on deciphering between true needs and my wants. This is something that I want to continue to build on in the months to come.

After a few more months, I might have some deeper thoughts and tips on this topic. But so far, it has been a fun experience, especially the growing savings part.

Is anybody else doing a no-buy or low buy this year? Let me know in the comments!

Don’t forget to follow me HERE on Instagram or HERE on Twitter to stay up to date with my adventures.

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