Save Yourself Some Money By Stop Buying The Unnecessary Things
These are the 7 things I stopped buying in order to save myself some cash money. Many people become so accustomed to technology innovation and the latest trends that they believe they need these new things in order to fit in. If they don’t have it then they are either outcasts or outdated. Eventually, they start relying on these materialistic things in order to be happy.
I’ve learned to not rely on goods to satisfy my happiness, but instead to look towards other means. When you finally learn to live without buying things, you will find yourself in a much happier place and the same can be said for your wallet.
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1. Latest Up to date Phones
One of the first things I stopped doing was upgrading to the newest phone. In my case, it was upgrading to the latest iPhone. Year after year, Apple releases a brand new line of iPhones that promises a whole new device that is surely going to wipe the previous generation off the table.
To be honest… I don’t see a difference.
Other than the face recognition, the glass back, and the improved camera, I don’t see much difference in an 8 to my current iPhone 6. I can still text, call, use safari, facetime, take photos– pretty much all the things I need for my phone to do. So why would I pay $1000 for a brand new phone that will provide me little to no benefit?
Am I going to be that lazy that I would spend $1000 just to be able to unlock my phone with my face?
2. Luxury Goods and Keeping Up With Trends
When I was young and dumb, luxury brands would take up 90% of my sad McDonalds paycheck. It was single-handedly the thing I spent the most money on. Back in my days, True Religion, Rock and Republics, Gucci, and Louis Vuitton– all these big name brands– were the shit. If you didn’t have these brands then you weren’t cool.
I was “cool”, and I could flex on my friends, but I was also broke.
I owned a wallet that cost more than what was in my bank account and I was dressing as if I had money. Fast forward a couple years and where are those name brand clothes now? Stuffed in a black garbage bag that was shipped off to my relatives as hand-me-downs.
I decided to stop buying expensive luxury brands because I no longer cared about the name. All I care about now is having decent looking clothes that fit well and feel comfortable.
I also stopped trying to keep up with the latest trends because fashion is always changing and evolving. The Gucci that was hot shit a year ago? Irrelevant. Eventually, you’ll find yourself throwing away your whole wardrobe because the clothes that you wear now are no longer fashionably acceptable.
3. Coffee and eating out
The price of coffee and eating out quickly adds up. The insignificant things that seem so small eventually snowball into a giant problem. I quickly tried to find better and more affordable alternatives when I found out how much I was spending on food and coffee.
You don’t usually think about tapping your credit card or digging through change to pay for a $2 cup of coffee, but when you step back and calculate how much a month you’re paying for that daily cup you start to realize. I’m not saying don’t go out at all, but make a conscious effort to prepare meals at home rather than to go through the drive-thru. It might take some more effort, but it’s worth it.
4. Useless Knick-Knacks
One of the things I stopped buying were useless little things. They’re so small, cute, and sometimes stupid that it makes me just want to have them. At the time, $10 didn’t seem like a lot so I decided to spoil myself. This mindset eventually snowballed into a giant disaster.
Do you know those Funko Pop Figurines? It started off at $13 per figure. I got Goku from Dragonball Z because he’s one of the most iconic anime characters of my childhood. Eventually, I had to get his rival Vegeta. Then, eventually, I had to get the remaining Z-Fighters to complete the team. Then what happens next? The company Funko decided to branch off into the other anime shows! Now I wanted those characters too!
What led to a $13 stupid decision snowballed into me buying a total of 50 different pop figures. You can do the math. That’s over $500!
These little dumb purchases may seem harmless at first, but the price eventually does add up. Also, they creeped my girlfriend out.
5. Gym Clothes
I had 10 different pairs of running shoes, 20-30 workout t-shirts, 6 gym sweaters, and the list goes on. More than half of my closet was filled with gym clothes rather than casual wear. I enjoyed wearing gym clothes because they were durable and very comfortable; what they call “Athleisure” nowadays. The perk of wearing such comfy clothes? There’s nothing to worry about when a situation calls for when I have to drop all my stuff and book it.
Once I think about it, the number of gym clothes was not necessary. I went to the gym 5x a week and I did my laundry at least once a week. The amounts of clothes I had wasn’t a matter of needing any clothes to wear anymore, but instead, it was more about looking nice in the gym.
Now I realize that spending money on gym clothes is a big waste of money because it’s not about how you look, but how much you can lift. Have enough clothes to avoid being that smelly guy that wears the same tank-top all the time, but don’t be overspending on clothes that will be used to sweat and get roughed up in.
Everybody wants to live a healthy life filled with proper nutrients, but sometimes we are so busy with life that we forget to eat, or, we simply don’t have enough time. Supplements like protein powder, pre-workout, creatine, fish oil pills, multivitamins, etc provide convenience; a quality that whole foods lack.
The problem is that these supplements are super expensive! A big bag of protein can cause you almost $100, a bottle of fish oil/multivitamins can cost you another $15 per bottle. These are one of the things that I stopped buying that really benefited my wallet. Also, it led me to start looking into eating whole foods to get those nutrients that I would otherwise fulfill with supplements.
7. Button shirts and suits of different patterns and color
This might not affect you ladies, but some of my gentlemen out there might be able to relate. You want to look fresh, clean, and well-groomed. I was spending so much for a nice button up/dress shirt, well-crafted dress shoes, and high-quality suits.
If the shirt, shoes, and suit weren’t bad, the desire to buy different colors, patterns and fabric made it even worse. I wanted to one day own a closet only dedicated to different varieties and looks of suits. This would allow me to be ready for any occasion if one was to arise.
That was the problem. There were no occasions to wear my suit! One for my grad, one for the occasional weddings, one for date night and that’s about it. Unless I was some top-notch CEO, when would I actually need to own a closet just for suits?
To make matters worse, you are almost guaranteed to never buy a suit that fits you just right. You need to tailor it to your body structure in order to fit well. You can buy a super expensive and high-quality suit, but if it doesn’t fit right, then you look like a chump!
These are one of the things I stopped buying because it didn’t make sense for me to continue buying something I was hardly ever going to wear.
These were the 7 things I stopped buying to help my way into financial freedom. This really helped me to save some extra money in my pocket and gave me a perspective on not buying useless things. It felt very off at first because buying these things felt so natural and acceptable, but eventually, I was able to escape this mindset of relying on materialistic things.
I hope you enjoyed this blog post and let me know what you think in the comment section! What are the things that you stopped buying that was able to help you save money?