HOW TO STOP SPENDING MONEY on things you don’t need » ft. A Small Wardrobe

Hey my friends, welcome back. It's 
Vera here, and today I'm going to share   10 tips for how to stop spending 
money on things you don't need.   And these tips have greatly helped me in my 
life to spend less money, save way more money,   and own fewer things. And especially I feel like 
with the holiday season coming up, we could all   use some of these reminders.

There's also a bonus 
tip at the end, so lots of great stuff coming up. I washed my hair yesterday so my braid I feel like 
it's extra poofy. I am so excited to say that this   video is made in collaboration with Patricia 
from A Small Wardrobe. And she has an amazing   youtube channel that is all about minimalism, 
intentional living and building a small   but satisfying wardrobe. She is also just so much 
fun and her videos always crack me up so much.   And she has an amazing sense of personal style. 
Her videos are always very stunning to look at,   so I just know you're gonna love her videos. 
So in this video, I'm gonna share some really   great minimalist money habits. Money mindsets. 
And just different ways to look at spending.   And patricia is gonna share advice specifically 
about your wardrobe, and how to stop spending   money on clothing items that you don't need. So be 
sure to watch her video after you've watched mine,   the link is going to be in the description and in 
the top comment.

All right so the first step is to   understand the cognitive process that happens 
in our brain, when we are considering buying   something. Because there's a lot happening, and 
having a better understanding of it can help us to   be more mindful of it, and also be more conscious 
about our spending decisions. When we consider   buying something, what happens in our brain is, 
it is trying to weigh the balance between having   the expected pleasure of getting something new, 
versus the expected pain of having to pay for it,   and then versus the expected reward of getting 
a good deal. And that is why sales are also   very tempting for us.

But we now know that this 
feeling of happiness is limited. And it doesn't   last. Even though it gives us this initial spark 
of excitement, we do get used to our purchases.   And we adjust, and we start to look for something 
else that is new. And when we think about our next   purchase, there's a new release of dopamine, 
and it's a continuous cycle. And this feeling   of happiness is not only limited in time, but 
also in size. So it turns out we don't really   feel happier after buying a 500 bag, then after 
buying a 50 bag. And if that was actually true,   then money could actually buy happiness. And 
we now know that, above a certain threshold,   it can't. So knowing that this process is taking 
place, can really help us to know that we do not   need to buy something new to be happy. And we 
can actually focus on, if we do buy something,   getting things that bring lasting value. 
I am a huge fan of keeping a wish list,   and even as a minimalist.

I have it actually in 
my bullet journal, you can also use your phone.   And I think one of the best things that we can do 
if we want to avoid buying things we don't need is   to make sure that we try not to make impulse buys. 
And keeping a wish list can really help with that.   So what I do, every time I find myself wanting or 
needing something new, and there is a difference   but I use it for both, I add it to my wish list 
first. And I have a category for home, wardrobe,   channel and other. And I think about it for a 
while. Depending on how expensive something is.   And also how big it will be and how much space 
it will take up in my home. During this time,   I do a little research and I see if I actually 
think this will add value for me. Most of the   time I find that I really don't need something 
and my life is going perfectly fine without it.   And otherwise I will get something really 
good that meets all my specific needs,   because I've taken the time to do research.

Other 
tips to avoid impulse spending is to make a budget   for yourself, that really helps. And another thing 
you can do is to always go shopping with a plan,   so that you can go in and out quickly. I'm 
actually curious if you guys are doing the   budgeting thing, so let me know in the comments if 
that is something that you do. The next tip that   I find works really really well is to make it a 
rule for yourself to avoid emotional shopping.   So the habit of buying new things whenever we 
feel sad or bored or depressed or frustrated.   It's an easy thing but when we are emotional, 
we aren't as good at making rational decisions.   And it is kind of like going to the grocery 
store if you're really hungry, it's kind of   a recipe for disaster.

So if you recognize this, 
then try to make it easier for yourself, have an   alternative activity to do whenever you feel like 
shopping or spending. For me, since the pandemic,   I need to be very mindful of not trading 
in emotional shopping for emotional eating.   Because that is something that I kind of easily 
do. And it's something that I'm trying to be very   mindful of. But what I do now, is I try to go back 
to my list of self-care activities. And I find   that that actually works a lot better at making 
me feel better when I need to, than shopping or   eating. So, and it's just a lot more wholesome 
in my opinion. Another thing that I find really   helpful is to track my spending every once in a 
while. It's kind of time consuming, so I don't do   it always. But every once in a while, I will keep 
a list on my phone, you can also use a journal,   and just track everything that you are spending. 
So you can really see where your money goes and   what you're spending it on.

Doing this has brought 
me many unexpected realizations in the past. And   you can really see that all those little purchases 
add up. And just seeing it there, clear as day,   has been a huge motivation for me to spend less 
and save more. You could also try doing a no spend   challenge for a while. And this can really work 
well if you're trying to break habits or patterns.   And you could do it as kind of like a general 
thing, or you could actually choose a few   categories or one category that you want to 
do a no buy for. Like for example clothing   or beauty items. I'm actually considering doing a 
challenge like that for myself in 2021, so I will   definitely keep you updated. I don't think these 
kinds of challenges are necessarily for everyone,   but I do think that they can really help to break 
unconscious habits, because it kind of brings them   out into the open. My next tip is to make sure 
that you are not buying things that make you want   to buy other things. so we can kind of sometimes 
group certain items together.

Like for example if   you buy a new lipstick, very simple example, that 
also makes you want to buy the lip liner and the   blush that goes with it. Or for example buying 
a new dress, but you cannot really wear it yet   because you don't have the shoes that you need 
to match the outfit together. Or for example   also buying an appliance that actually needs 
a lot of expensive maintenance and upkeep or   items to be able to use it.

pexels photo 4050419

When 
I'm faced with a decision like this,   I try to just factor in all the different 
things and really look at the entire picture.   And the true cost of an item. So I know if I 
buy this, I also need to buy that, or want to   buy that. And together it would be this amount of 
money. Usually I only buy things that I can use   straight away on their own. And an exception could 
be if you want to buy a whole outfit together,   I think that's okay. Because then, if you 
wanna you know buy it in one go, then you   know what it's gonna cost you like in total. And 
you can also actually immediately start using it.   And you won't end up with a piece of clothing that 
you cannot wear, because you don't own anything   that matches with it. And this is something that 
happened to me a bunch of times, so this has been   a good lesson for me. This next one is so simple 
but truly has been life-changing for me. And that   is to save first and spend later. So instead 
of what I used to do, I would just wait until   the end of the month and then save whatever money 
was left, which usually in my case was not a lot.   And now I get paid and I immediately decide the 
amount of money that I want to save.

I put it away   immediately. And then I spend whatever is left. 
And that little switch around has really helped me   to save a lot more money. Another benefit of this, 
aside from me saving more, is that I now feel less   or don't feel guilty about spending whatever is 
left. Because I know I've already saved a bunch,   so it's an amount that I'm happy with. And then 
I feel okay about spending the rest. And I feel   like that is important because it is completely 
unnecessary to feel guilty about spending a part   of our money. I feel like it is also about 
enjoying the here and now, and you know,   splurging a little bit. Whenever you really want 
to, whenever you feel that it adds value for you.   And this little switch around has made me feel 
not guilty anymore about spending that, because   I already know I saved. Another great tip to stop 
spending money on things you don't need is to have   an amount of rule for yourself.

So if an item is 
more expensive than a certain amount of money,   you need to wait a certain amount 
of days before purchasing it. So   you can decide what works for you.Ffor example you 
could say if an item is more than thirty dollars,   you need to think about it for at least three 
days. This is so helpful to avoid impulse   purchases. Because a few days later, we have gone 
out of that initial bubble of wanting something,   and we can make more rational decisions. 
And if you still really want the item,   then you can always go and get it then. Tip number 
nine is to avoid sales if they are a trigger for   you. So if you've ever bought something just 
because it was on sale, then I think this tip   can work really well. Especially this time of 
year. Because we are not really saving anything,   if we are buying something that we didn't really 
need in the first place.

Because I have been a   minimalist for so long now, I feel like sales 
have kind of lost their tempting appeal to me.   So I actually do feel comfortable using sales. 
But mostly it's for items that I was going to buy   anyway. So if I want to buy something, and it's 
a purchase that can wait, I will usually wait   until I can find it on sale somewhere.

Because 
it just doesn't make a lot of sense to me to   buy something full price, if I don't have to. The 
next tip is kind of a mindset shift that happened   gradually for me over the years, and that is that
I now don't really feel the need to buy or own   something, when I can just appreciate looking 
at them in the store. So I kind of see stores   and shops right now as like museums, displaying 
pretty things.

And just browsing is already kind   of satisfying in its own way. And I don't 
really feel the need to buy it anymore,   I can just look at it appreciate it and move 
on. This works for me especially well with   souvenirs and buying things on trips. And 
I used to buy a lot of things when I was on   vacation. Because first, I kind of wanted an item 
to remember my trip, and second I was experiencing   some fomo. Because I thought, you know, I'm only 
going to be here once, so it's kind of like a   once in a lifetime chance to buy this. And so I 
did. And I remember that added a lot of stress to   a vacation that was completely unnecessary. So now 
on vacation, I just look at all the pretty things,   maybe I'll take a photo, but I don't feel the need 
to buy them anymore. And sure, sometimes I will   buy something that is really special.

But most 
of the time, it is just looking and moving on.   My bonus tip for today is to make sure that you 
always have a way back. Especially if you struggle   with impulse buys, then this can work really well. 
Because it's kind of like adding a safety net for   yourself. So for example, if you buy something, 
then make it a rule to leave the tags on for a   few days, and keep the receipt. So that you can 
just kind of get used to the idea of owning this   item. And then if you feel after a couple days 
you made a mistake, then you can always return it.   And if not, then you can just take off your tags 
and enjoy the new item. And if you order something   online, be sure to check out their return policies 
beforehand.

And especially if you're buying   something with a relatively high chance that it's 
not going to be the perfect fit for you, then   especially. For me, I feel like it is with jeans, 
I never buy jeans online. But if you do, then you   can at least return it to the store if it doesn't 
fit. And really set an intention before you buy,   that you are going to return it if it doesn't 
fit. And I used to be really lazy with this,   and just I didn't want to bother returning it. 
And it was such a huge waste. So if you are gonna   order something online, be sure to return it if 
it's not what you thought it would be. I love to   hear your tips and experiences in the comments, as 
usual. And if you are new here, and you just came   over from A Small Wardrobe, then hi, welcome.

And 
feel free to take a look around and say hi in the   comments if you like. Check out Patricia's 
video as well. And as always: questions,   comments, conversations down below. Have a 
wonderful day. And I'll see you soon. Bye bye!.

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