The reason I'm doing a no-buy year (limited to a few categories) is because I have too much yarn, bujo supplies, and books, not about saving money. I'm trying to use what I have instead of buying new stuff.
I saw no buy summer yesterday. It wouldn't make sense with my personality. I'm generally not a spender, but if I deprive myself even of the little things I know I explode and make a big impulse purchase. One of those purchases that never leaves the mind until it is in my hands lol
I’m doing the More Money Challenge this month, and my stubbornness is really effective at getting me to stop going to the store on the way home. But it’s the limited time that makes it possible.
I’ve heard of a no buy month, not a no buy year. Doing a month is just meant to prove that you can live without many of your wants without being any less happy. Many people are caught up in overconsumption and don’t even know what their priorities are anymore. A month of going without helps them get clarity. A year isn’t necessary.
I would have just taken the risked the $100 because a second ago I didn't have it anyway. I would not have risked doubling what I owe on a bill. I'd rather pay what I owe than take the chance of having to double pay. Am I backwards?
You are not backwards, but what they call "risk taker", a small percentage than the average "risk averse". The experiments Ben uses shows the results at 1:37, although he simplifies the cases to double-or-nothing (pause the video, the chance is not exactly 50:50 and the gain/loss is also not exactly doubled). I used the exact problems when teaching this behavior to my students in a game design class, and the results are consistent too, most are risk averse while a few are risk takers.
This is to complicated lol. I saved $$ by not putting it in the bank (they jack you big time). You also need large bills that are hard to break. After a year i saved 8,000 easily.
The reason I'm doing a no-buy year (limited to a few categories) is because I have too much yarn, bujo supplies, and books, not about saving money. I'm trying to use what I have instead of buying new stuff.
The use-it-all-up-before-you-buy year, I like this one
I'm doing a yarn buy year. I'm losing my remaining sight and taking advantage of my ability to crochet for as long as possible
Ok, but where do we buy that YNAB mug?!?
Right lol that’s what I was thinking 😅
This is my 3rd YNAB year. I actually have money for what I want by saving ahead! Like retreats, photo books, and animal feed.
No-buy has its place as a tool to break the habit of shopping and consumption as a default mode of existence.
I saw no buy summer yesterday. It wouldn't make sense with my personality. I'm generally not a spender, but if I deprive myself even of the little things I know I explode and make a big impulse purchase. One of those purchases that never leaves the mind until it is in my hands lol
Excellent presentation. Agreed! Setting goals and deciding what matters is more important.
"Just don't do it." Exactly what I wanted to hear lol.
I was toying with doing a low-buy year but this makes way more sense. I will focus on making more money to do more instead
I’m doing the More Money Challenge this month, and my stubbornness is really effective at getting me to stop going to the store on the way home. But it’s the limited time that makes it possible.
Please! Where can I buy a YNAB mug?!? 🥺
I’ve heard of a no buy month, not a no buy year. Doing a month is just meant to prove that you can live without many of your wants without being any less happy. Many people are caught up in overconsumption and don’t even know what their priorities are anymore. A month of going without helps them get clarity. A year isn’t necessary.
I love doing low spend months! Esp when I have a bigger expense coming up. Within like a few weeks, I’m good to pay it!
I would have just taken the risked the $100 because a second ago I didn't have it anyway. I would not have risked doubling what I owe on a bill. I'd rather pay what I owe than take the chance of having to double pay. Am I backwards?
Same here 👍
You are not backwards, but what they call "risk taker", a small percentage than the average "risk averse". The experiments Ben uses shows the results at 1:37, although he simplifies the cases to double-or-nothing (pause the video, the chance is not exactly 50:50 and the gain/loss is also not exactly doubled).
I used the exact problems when teaching this behavior to my students in a game design class, and the results are consistent too, most are risk averse while a few are risk takers.
Guilty🙋🏾♀️. I've been focusing on decluttering instead of spending. I hope to last one month🤏🏾
What is a no buy year?
This is to complicated lol. I saved $$ by not putting it in the bank (they jack you big time). You also need large bills that are hard to break. After a year i saved 8,000 easily.