Tempted to try a no-buy year? Here are tips from people doing it
Many people start no-buy challenges at the beginning of the year and commit to keep going until the end of it
NEW YORK (AP) — The rules of a no-buy challenge 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.
Many people start such challenges at the beginning of the year and commit to keep going until the end of it. But any time can be the right one for those looking to tackle their credit card debt, declutter their homes or to spend less time shopping. Some challenge participants begin with a no-spend month.
“I commend anyone who realizes they’re just buying too much because North America is very consumer-focused and there’s too much waste,” said Carrie Rattle, the CEO of financial coaching company Behavioral Cents.
Thinking of what you would be better off living without? These are some recommendations from experts and people already participating in the challenge.
