This weekend I heard about Xan’s No Buy February Challenge. Since I’m a big fan of saving money and being thrifty I joined up. Mr Chiots and I did a no buy year 5-6 years ago and it was a wonderful thing, it really helped us get off that treadmill of buying stuff we didn’t need only to get rid of it a few years later and replace it with more stuff! It was a turning point for us financially, it really made us think about needs vs. wants and as a result we were able to pay off our house last year.
The idea of No Buy February, is to refrain from purchasing anything you don’t absolutely “NEED” during the entire month. You set the parameters for what you need or don’t need, here’s what Xan says:
Take the pledge with me for a NoBuyFebruary. If you don’t need it to live, don’t buy it. Taken to extremes, this means only buy groceries, because I’m guessing you have plenty of clothes, and you certainly don’t need any more dust catchers. If you can make it at home, you can’t buy it. Coffee. Meals. I’m including electronic expenditures, too, so that means no Kindle books or online subscriptions. Just go for a month without spending any money that you don’t have to spend. No fair using the last day of January to go on a buying binge either.
Of course you can still purchase things you need, I’ll be buying supplies to make my own seeds starting mix and a few amendments for the garden when I head up to Ohio Earth Food later this week and maybe some more seeds once I finish planning the garden. To me these things count as needs though not wants, if I didn’t purchase them I wouldn’t be able to grow my own food this summer. I’m fairly certain, however, that I can go the entire month of February without purchasing any additional food, heaven knows I have enough in the pantry to survive for months. It may mean going without mushrooms, or maybe running out of something, but we won’t starve! I decided that I was going to keep track of the amount of money I’m saving buy not purchasing things I don’t need and at the end of the month I’m going to donate that money to charity.
I’m also going to focus on going through the house and getting rid of stuff I don’t need during February. This is a perfect way to reinforce the don’t buy mindset. When you start making piles of stuff to give away or sell, it’s eye opening. You see how much you actually have and how little you really need.
What about you, do you think you can go a whole month without purchasing anything you don’t need?Filed under Miscellaneous | Comments (23)