When I started my debt free journey, the first thing I had to do was cut back on my spending. I created extra streams of income but this didn’t matter as my spending was still out of control. So here are the 7 items I stopped spending my money on when I started on this journey. I have continued this, even though I am now debt free!
I use to buy two magazines a week, which were Heat and Closer. This would cost me £3 a week and I would religiously buy them. I decided I’d rather this money go to debt and now I don’t miss them at all. Over a year that would have been £156 on magazines.
I had quite a collection of hand bags when I got into debt. I do truly believe when it comes to hand bags that the price can reflect the quality. My Bag of choice is a Michael Kor’s bag because the one I currently have cost me £150 in the USA but it is 4 years old, it carries my stuff in every day, whether thats a laptop, plus my lunch, my college tax books and my clothes. It still looks new. I just probably didn’t need 5 bags… In future I won’t be buying a new bag until my old one breaks.
I use to get a new phone every year and was paying £80 a month. I still wanted to invest in a phone as I use it a lot. Therefore I brought myself an iphone XR and have had it ever since. I pay £17 a month on my contract and have done for the past year. I know paying up front for the phone is an expense and not everyone can afford too but just think when your contract ends do you need to renew it?
When I started my debt free journey, I did a post on instagram about how many hair products I had. I had 12 shampoos and 5 conditioners not to even mention other products. They weren’t cheap either, you are talking £5 a bottle. My hair products totalled £135! I didn’t buy any new products until I had finished all the rest. I also now only buy 2 or 3 at a time when they are on offer.
Before when it came to travelling, I didn’t care how much money I spent. To some extent I still don’t as it is something I believe is worth every penny! However, I am a lot wiser now on how to get the trips I plan for the best price. E.g how to look for cheaper flights, what accommodation is cheaper and what activities you should or should not pay for. Last year I booked Pompeii for four days with travel, accommodation and activities for £200 for two of us.
This might sound a bit of a weird one but I am not bothered by car brands anymore. I think that certain car brands come with the assumption you have money, such as BMW or Mercedes. I will never forget the day I got in an Aldi A1 and I sat there and thought you’ve paid £20k for this? What a rip off. I have a Vauxhall Corsa and it is the best car I have had (I’ve had 11 so trust me on this one), it cost me £8k. It was a year old with 2,000 miles, had apple car play, and auto wipers, I thought I hit the jackpot and I still do. That means now, I won’t ever pay for a car brand just because it is an Audi or BWM. That is similar in other places too.
Yes before this all began I believed no ketchup would ever match Heinz but to be honest Tesco does a pretty good job and so do Aldi. Now my little brother is autistic and has an amazing sense of smell. Let me tell you he can tell me the difference between a Chicago town pizza and an Aldi one even if I take it out the packaging. He took a lot more convincing but we got to the stage where I took him shopping with me and used an example of cereal. I showed him that you could have 2 boxes of the own brand for 1 box of the branded. It’s like it switched and he loves going shopping and seeing how much money we can save. He said he prefers the own brand. We hardly ever buy branded except for a few items I do believe are different.
If you want some more ideas on how to reduce your supermarket spend, click here for my post detailing my top tips.
I am sure you have items you want to no longer spend money on or have already stopped buying, please share below!