How to Stop Spending Money and Achieve Financial Security

Table of Contents

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Last Updated on May 19, 2021 by Melissa S.

If you find it hard to not spend money, then you have to understand that you are not alone. So many people are in the same situation that you are in right now, but if you are willing to put in the time and the effort, then you’ll soon find that it is easier than ever for you to make a positive change without much difficulty at all.

Sleep on It

If you really and truly want to do something, then you have to make sure that you sleep on it for a night. You may find that it just isn’t as attractive as you thought the next day. If this is the case, then you were better off not buying the item or spending the money. This is a fantastic trick if you want to stop impulse spending.

Source: Pexels (CC0 License)

Work out what it Costs

If you are remotely tempted with an impulse buy, then you have to try and work out how long it would take you to make that money back. You need to do this with the hours that you have worked. This is a great way for you to find out if something is truly worth it or not.

Focus on your Debt and your Savings

Work out exactly how long it would take you to pay off the debt you have. You then need to work out how much extra you can pay off your debt if you are willing to put in the work. If you can do this then you will soon find that it is possible to reduce debt while building a solid savings account. This will give you a very large amount of financial security. If you can’t free up money, then try and focus on how much you are spending on things, such as your car. You can then find out if it’s worth selling your car and investing in a cheaper one. Go to a car sales establishment and find something that is cheap to run and maintain. Things like this can free up capital on a consistent basis. 

Check if you’re Losing Money

Check to see if you are losing money through any unused subscriptions or payments. A lot of people have costly subscriptions for things such as gyms or even bank accounts. If you don’t use them then you need to make sure that you get them cancelled. Check all of the regular payments that are going out of your bank and then check for services that you are no longer using. You also need to cancel everything that you feel as though isn’t benefiting you. The more you do this, the more money you will free up over time.

Stop Spending So Much

Set a budget and write down a food plan if you can. You then need to take a calculator with you when you go food shopping. This will help you to make sure that you save money, and it will also mean that you don’t have to worry about spending money that you cannot afford.


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Hi! I'm Melissa

I help busy mums like me become financially fitter without resorting to extreme “crash diet” measures.

If you want to make extra money and balance your budget without giving up your coffee fix, you’re in the right place!

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