How to Do a *LOW BUY* Year Successfully?
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Interested in a low-buy year? Are you looking for practical, yet simple money saving tips? Do you need to spend less and save more?
Getting ahead financially often requires adjustments to how you manage money. This involves creating a budget, making savings a priority, and spending less in certain areas. However, as you receive different financial advice, you’ll notice that some tips lean on the side of “self-deprivation.”
Now, everyone has to do what’s best for their finances. And if you’re an “all or nothing” type of person, buying only what you need or following a no-spend year might work.
From experience, though, I’ve found that this approach doesn’t work for everyone. And often times, it leads to frugal burnout.
Obviously, saving money involves sacrifices. But instead of cutting out “all” spending, you might try a low-buy year instead. This is a less restrictive version of a no-buy year. There’s more flexibility, so you’re able to splurge a bit, and still hit your goals.
Here’s how to successfully complete a low-buy year and boost your savings rate…
Comment below and let us know your best tip for a successful low-buy year…