How a “Buy Nothing” Year Can Kickstart Your Financial Future

by | Jan 23, 2017

We’re living in a consumer driven society…wouldn’t you agree?

We’ve gone from perhaps a dozen or so advertisements per day through older forms of advertisement such as billboards, radio and television to even more advertisements per day via our computers and smartphones.

We’re inundated with messages urging us to buy this, drink that, do this, do that…no wonder we’re so stressed out!

Imagine what would happen if you decided to do something counter-cultural to all of that noise…such as having a “buy nothing” year?

Think about it…extra money, simply by making different spending decisions!

What would you do with the extra money?

What if you put that money to use, building financial freedom rather than spending it on a flashy holiday or new car?

A “buy nothing” year is a great way to build up the deposit for your first…or next investment property.

bilboard advertisement

What a buy nothing year can do for you

When you begin to reduce all extraneous consumer spending it can be tough, but after time you’ll find that it:

  • Reduces your stress
  • Forces you to evaluate what matters the most to you
  • Helps you to focus on things that will make the biggest difference in your life


Savings tips

Start small, cutting out extraneous expenses such as haircuts, clothing, electronics, household items, eating out, etc.

Shift your thinking

Drop out of the consumer mindset and think about those relationships and possessions that mean the most to you. Does your spending reflect your beliefs? If not, think about how you can change that.

Cook more at home

Rather than spend money on pricey takeout or restaurant fare, cook meals at home.

Save even more by purchasing items in their most basic form instead of paying more for processed.

If you eat out a lot now, doing this one thing can save you potentially hundreds per month…money that you could be putting towards an investment property or adding to your savings buffers.

Reconcile your accounts monthly

Put together a spending plan then review it every month.

It’s important to know where the money is going so that you can scale back or revise your spending as you go.

Learn to DIY

If something breaks, rather than buy a replacement, learn how to fix it. There are a number of resources both on and offline to help you get the job done.

Delay big purchases

Instead of paying premium prices for new, big ticket items such as a new couch, try to make do with what you have or if you must, buy the item refurbished or discounted…or even borrow it.

cooking at home

It’s your choice

You decide how long you want to go without buying anything beyond the essentials and see just how much money you can save.

Whether you last an entire year or only a month…individuals who have tried this strategy have learned a lot about themselves and their relationship with money.

Even if you’ve decided not to do a “buy nothing” year, the simple act of being more mindful about your spending can help you save more money, faster.

Money you can then use to build a strong investment property portfolio for your financial future.

Is building your wealth your New Year resolution?

Register to attend our next Property Investor Night.
At these FREE events held all across the country we discuss where the growth markets are right now, and share ways you can navigate your way to financial freedom through investing in property.

Seats fill up fast, so book yours now!

Is Fear Hurting Your Wealth Creation Plans?

Fear is a very powerful motivator. In fact, it’s a sure thing that if you didn’t have fear you might not be alive today. Fear’s job is to keep you safe, but sometimes it does its job too well. How? By inventing reasons to be afraid. For example, fear assumes that a...

5 Tips to Succeed at Property Investing

It’s simple. Buy a property for investment, then sit back and collect the rents to fund your retirement! Ahh...if only it were that easy. Granted, investing in property is a simple concept...but the execution is another story. So how can you be successful at property...

4 Signs a Market is Fading

A key part of successful property investing is timing the markets. Buying the right property, in the right location at the right time is one of the best ways to maximise your investing efforts. But conversely, knowing the right time to sell is just as important. If...

Make Peace With Your Money Story and Truly Thrive

Whether or not you realise it, your money story has played a part in the money decisions you’ve made all throughout your life. In fact, it’s safe to say that, on some level, it’s impacted your choice of career, job, investments...maybe even your choice of spouse! How...

Renovation By The Numbers

Few things in life can speak as clearly as a mathematical formula. Whether you love or hate math, one thing is true, when you see the formula, you will know exactly how the mathematician arrived at their solution. And even better? You can duplicate their results if...

How Your Credit History Impacts Your Loan Application

If you’ve decided that this is the year you’re going to buy a property for investment,’ve chosen a fantastic wealth creation tool. But what if you’d like to invest, but you’re not sure if you’ve got good enough credit? While top notch credit can...

How​ ​to​ ​Improve Your Chance of Getting Financed

When investing in houses,  keeping your finances in order should always be a top priority. Obviously, without the ability to get financing you’re pretty much left stuck wherever you’re at in your property investing journey. So how can you ensure that you’re ready to...