How To Stop Spending Money When You’re Addicted To Stuff

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  • Опубликовано: 21 май 2023
  • We often cope with life's problems by retail therapy, but this creates an addictive behavior.
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    Many people have trouble with gaining control over their personal finances because they have been taught from an early age to cope with life's problems by buying things. Eventually this coping strategy becomes an addiction. In this video, I talk about the flawed coping strategy of spending money and how to break away from this addiction.
    1. Start Viewing Spending Money As An Addiction
    We often don't see consumerism and spending money on stuff as an addiction because it is normalized behavior in society. Many people have habits where they'll have packages come to their house every day or live with clutter, that we undermine that the behavior is actually addictive. In order to break away from this addictive behavior of spending money, you first need to recognize that it is addictive behavior.
    2. Recognize The Harms of The Addiction
    Like all addictions, there are many harms that come from spending money on stuff like financial hardships, being overwhelmed, and feeling insufficient. These harms are the side effects that you experience when you spend too much money on stuff and many of these take away some of the joy from life. In order to break away from this addictive behavior, you second need to recognize the harms.
    3. Understand The Root Causes of The Addiction
    We often cope with life's problems of stress, anxiety, and depression by spending money on stuff hoping that it will bring joy in life; however, this coping strategy intensifies these problems because of the harms that result from it. You cannot fix stress, anxiety, and depression by intensifying the emotions through spending money. In order to break away from this addictive behavior, you need to understand what is making you seek this coping strategy and see that it's intensifying the emotions.
    4. Identify And Ditch The Capitalist Trap
    Spending money on stuff to cope with life's problems is just a capitalist trap because it makes you think that the answer to life's problems are by spending money. This method, however, is fundamentally flawed because it only creates more problems in your life. In order to break away from this behavior, you need to identify that it is a capitalist trap and ditch this coping strategy.
    5. Find A New Coping Mechanism
    Many people have trouble to gain control over their finances and stop spending money and it is because for our entire lives we are taught to cope with our problems by spending money. Once you learn exactly why this coping strategy doesn't work, it becomes slightly easier to start searching for new coping strategies to deal with life's problems. Take 30 days to not buy anything unnecessary and reflect on how it changes your behavior. Once you complete this challenge, you can decide if it has made you life better or worse.
    **Links above are affiliate links where if you click and order, I will receive a commission at no cost to you. **
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Комментарии • 334

  • @ElAgustin
    @ElAgustin  Год назад +54

    What's a way to cope with life without spending money?

    • @Luncheon23
      @Luncheon23 Год назад +21

      Getting free books from the library and planting free plant cuttings gifted by my friends 😃

    • @joannbrown2842
      @joannbrown2842 Год назад +33

      Building a good emergency fund is a way to reduce stress and anxiety.

    • @MariaSophiaWorld
      @MariaSophiaWorld Год назад +28

      Meditation and walking in nature.

    • @_lovefran
      @_lovefran Год назад +19

      I go on hikes and walk around nature, take naps, and watch finance YT vids like yours

    • @NewCreation6123
      @NewCreation6123 Год назад +11

      Sleep

  • @timothyswauger3984
    @timothyswauger3984 Год назад +382

    I tried the 30 day unnecessary spending detox and when it was over and I saw the effect it had on my bank account, I said to myself, let’s do it another 30 days, so I did and now I am on a 5 month run of living like this and it has become my normal way of life.

    • @henrynguyen6799
      @henrynguyen6799 Год назад +14

      I’ll do it rn too for this month I’ll limit myself to eat out only on weekends, and having a few drinks that’s all during the week I’ll save up try to cook more of my own food, don’t buy games, and in app transactions for games

    • @jameslufkin1190
      @jameslufkin1190 Год назад +7

      That's awesome. I would love to read more of your journey as time goes on. Do you happen to notice a change in the way you live day to day? Does it ever feel difficult not to buy something that seems very enticing to you?

    • @comicfanagain8405
      @comicfanagain8405 11 месяцев назад +11

      I’m just going to start my journey today - wish me luck

    • @amyk6028
      @amyk6028 10 месяцев назад +4

      Amazing! Unless, you have something go wrong that is expensive and unavoidable like a plumbing, HVAC or Electrical problem that forces you to pay all the money you’ve saved to fix it 😢

    • @dvn.pod.2023
      @dvn.pod.2023 5 месяцев назад

      @@amyk6028 If that does happen, at least (thank God) you'd have the savings to pay for the issue instead of digging yourself deep into debt.

  • @jzayas5698
    @jzayas5698 3 месяца назад +15

    Someone once said: "Spending money is a hobby itself" and it couldn't be more true.

  • @pattykake7195
    @pattykake7195 Год назад +213

    I stay home a lot ….gardening and enjoying time with my pets. When you don’t go out you save so much money…it works for me…👍🏽.

    • @kamiljay2697
      @kamiljay2697 Год назад +4

      yeah staying home is big part

    • @pattykake7195
      @pattykake7195 Год назад +6

      @@kamiljay2697 You can also avoid all the craziness in the world….👍🏽

    • @ashog1426
      @ashog1426 Год назад +3

      I go to the gym lol

    • @AScrapOfKindness
      @AScrapOfKindness Год назад +3

      And your pets are so much happier and healthier having you around more.

    • @pattykake7195
      @pattykake7195 Год назад

      @@AScrapOfKindness They sure are…🐹🐶

  • @sharonlugone5955
    @sharonlugone5955 Год назад +126

    I have broken myself of my shopping addiction over the last few months. First step is to write three things I'm grateful for every morning. Second is to stay out of stores except for legitimate needs, groceries, toilet paper, etc. Third is to stay home in general. Watch a movie, read a book, bake some cookies. Last is to take care of what you have, keep your home clean and organized so you're content with what you have. Another great video! ❤

    • @ElAgustin
      @ElAgustin  Год назад +4

      Awesome! Best of luck!

    • @tonyvalisky4856
      @tonyvalisky4856 9 месяцев назад +1

      Nice advice. Thanks

    • @trashpageant7861
      @trashpageant7861 8 месяцев назад +2

      Lmao doesn’t help for online shopping.

    • @kaiulanisallas9005
      @kaiulanisallas9005 8 месяцев назад +2

      This is the best comment! And exactly what I was looking for! Thank you for sharing 🎉

    • @L_MD_
      @L_MD_ 7 месяцев назад

      @@trashpageant7861exactly
      When I paid everything off I deleted the apps - here in Australia there’s Afterpay etc
      If I don’t save for it I don’t buy it
      By the time I save for it - I usually don’t want it! It’s crazy how time takes the urge to purchase away.

  • @manofmorbihan5612
    @manofmorbihan5612 Год назад +79

    1. Spending money is an addictive behavior that can lead to many harms.
    2. Addiction intensifies the things that are causing problems in one's life.
    3. There are no simple solutions to solve all of life's problems through shopping.
    4. Social media addiction is a severe problem that many people overlook.
    5. Coping strategies like retail therapy do not solve underlying problems.
    6. Understanding that spending money is addictive is the first step towards gaining control over finances.
    7. Breaking away from addiction requires looking elsewhere for solutions to problems.
    8. A five-step guide can help people break away from addiction to stuff.
    9. Envy and anxiety can lead to addiction and retail therapy.
    10. The guide provides practical steps to help people gain control over their finances.

    • @lexiehollens3610
      @lexiehollens3610 Год назад +1

      Thank you, I was just getting lost in all his blablablablabla...

  • @PennyGarland
    @PennyGarland Год назад +47

    People need to quit watching influences on social media. They receive a false example of life. Watch more people like you teaching how to live a balanced lufe.

  • @sct4040
    @sct4040 Год назад +57

    Addiction to shopping is real.

    • @noahm44
      @noahm44 Год назад +4

      Yup.. I'm addicted to buying theology and philosophy books. Have spent thousands and thousands of dollars over the years. Gotta stop

  • @plappin
    @plappin Год назад +69

    For me, the best strategy seems to be committing to eliminating the impulse purchase. I can put something in my Amazon cart, but I don't press "Buy" for 24-48 hours. More than half the time the urgency has passed and I recognize I didn't need the item to begin with: I was merely "scratching an itch." Excellent video as always!

    • @ElAgustin
      @ElAgustin  Год назад +10

      Yeah, I feel sometimes it's just out of boredom buying things.

    • @billyjones589
      @billyjones589 Год назад +5

      😂 I do the same.

    • @hydrophobicOtter
      @hydrophobicOtter Месяц назад +1

      I'll have to give this a try! I often find myself impulse shopping on Amazon and then by the time the thing is delivered, I don't care about it and sometimes it even sits unopened by the door for days.

  • @marcellemayer4772
    @marcellemayer4772 Год назад +60

    Reading books is a great way for me to cope without spending money. Also, cleaning and decluttering my home environment. I was recently listening to one of my favourite spiritual teachers and he said the mind will take you down any “rabbit hole” endlessly if you let it. That was thought provoking for me. I think your addiction analogy is helpful. Thank you.

  • @rencechannel2240
    @rencechannel2240 Год назад +89

    I am lucky that I am Filipino and all of those splurges never happen to me in my entire life. I am very disciplined when it comes to my finances, I tracked every cent and break down my expenses into different categories as well as my income.

    • @bewusstsein3527
      @bewusstsein3527 Год назад +4

      pinoy ako . dahil sa bisyo at hobby nabaon ako sa utang..

    • @triciadevera652
      @triciadevera652 Год назад +18

      I am Filipino myself, but what does being Filipino have to do with being disciplined with money? I know a lot of people, friends and relatives, who are addicted to Shopee and Lazada. Most of them have their packages delivered to them almost every day. So let’s just say… they’re unlucky that they’re Filipino.

    • @bewusstsein3527
      @bewusstsein3527 Год назад +5

      @@triciadevera652 tama ka tricia.. its not about being filipino. it is more about lack of discipline..

    • @Iquey
      @Iquey Год назад +2

      ​​@@triciadevera652 think it just depends on your family and their culture. Filipino families vary a lot in consumption ethics. Some are humble and focus on work, hobbies, quality homemade food. Others like to buy things and show off, just like anyone else.

    • @pamilyadance3550
      @pamilyadance3550 Год назад +1

      I am from Philippines descent. Born and raised in London U.K. I totally understand Ilocano Filipinos are frugal and hardworking. Good qualities to have 😊

  • @tinanolan1485
    @tinanolan1485 Год назад +51

    Seeing finances in such good shape is my addiction nowadays

    • @universealchemy
      @universealchemy 2 месяца назад

      Replacing a bad addiction with a good addiction. Pretty profound

    • @davidr7819
      @davidr7819 15 дней назад

      Me too. Keep checking my accounts. Really I should limit it; once a week? But I just can’t help checking 😂

  • @bessieoriotis5104
    @bessieoriotis5104 Год назад +10

    At 63 I have come to realize Less is More and to think do I Need it or do I want it. 🎉

  • @PickledHam
    @PickledHam Год назад +28

    Hello, my name is Daryl. I am addicted to spending money. Been tough but getting better. Its been 22 days since I've eaten out, bought on amazon or shopped at the mall. Having withdraws thinking about memorial day BBQ. Dont know how long I can make it.

    • @Dressingshorty
      @Dressingshorty 11 месяцев назад +1

      Have you tried mindful outings? What I mean by that is setting a limit on the number/frequency of something you enjoy. This way you don't cut it out completely but you also don't end up spending a ton of money. For instance, if you like eating out, take yourself out once a month (or whatever works for you) and set a budget aside for that meal. It worked for me.

  • @barbaratozzano6364
    @barbaratozzano6364 Год назад +25

    Reading, taking a walk, working in the garden, looking at all the stuff I need to get rid of... I have also set savings goals for myself.

  • @peterdockrill9653
    @peterdockrill9653 9 месяцев назад +10

    My spending addiction came to light during covid lockdown. I saved more in those 2 years than the previous 10 combined.

    • @MoonSpinners
      @MoonSpinners 9 месяцев назад +2

      I’m the opposite. My spending increased badly while in lockdown. I think I keep Amazon in business 😂

  • @dustinrhodes526
    @dustinrhodes526 Год назад +11

    "most of life is just suffering," YESSSSS, this is true.

  • @robinborucki4736
    @robinborucki4736 Год назад +24

    January 2023 is when i made the decision of nothing coming into the house but groceries or other important necessities. Shop only with a list otherwise don’t buy it! Any clutter I had went all to donations. Don’t miss nothing! I think a lot of people today really need to watch this video, it’s what they need to hear. Very well said 👌

  • @cindyhaferbecker2966
    @cindyhaferbecker2966 Год назад +36

    Such a good video!! You know it's crazy when those big self storage buildings pop up all over lately... it's everyone's junk!! Purge it, and stop buying! Free yourself from the burden. Love you Austin!!

  • @michealbryan5334
    @michealbryan5334 Год назад +258

    Success seems to be connected with action. Successful people keep moving. They make Mistake but they don’t quit... As the economic crisis keep rising, we literally need to have different streams of income. The crypto and stock market has plenty opportunities to earn a decent Payouts with the right skills and proper Understanding of how the market works.

    • @stevenalfred6211
      @stevenalfred6211 Год назад

      Yeah you're absolutely right..... Lots of people are still making massive profits from the stock and crypto market, all you really need is some relevant information and some professional advice. It is totally inappropriate for investors to stand by as they take dips during significant market diclinism

    • @emilyjessica8587
      @emilyjessica8587 Год назад

      @@stevenalfred6211 A good investment requires experience and knowledge to carry out a successful operation. Professionally, it is recommended to trade with experienced brokers, who can help you increase your profits while helping you learn the trade

    • @stevenalfred6211
      @stevenalfred6211 Год назад

      Well I invest with a top trader Investor Ashton Edwards you might have heard of him.. I can correctly say he's the best top trader in the world, an investment advisor as his diversification skills are great, I say this because i see that in his results as my portfolio grows by averages of 25% to 35% on a weekly basis, unlike i can say for my IRA which has just been trudging along. my portfolio just mirrors what he place and not just on some particular industries of my choosing. He gave me that financial freedom I needed

    • @williamsscott7414
      @williamsscott7414 Год назад

      @@stevenalfred6211 Honestly I really need help with learning how to trade. Seeing my portfolio low makes me very sad. Please do you mind sharing any means of reaching out to him easily?

    • @stevenalfred6211
      @stevenalfred6211 Год назад

      @@williamsscott7414 Investor Ashton Edwards. He's well researched. Just look him up on the internet, you'll find his personal website

  • @juliemarkham4332
    @juliemarkham4332 Год назад +21

    Okay...after viewing this video, I committed to a 30-day no buy, unless it's a necessity...starting today. 😊

    • @Kraken1Kid
      @Kraken1Kid 3 месяца назад +1

      How is it going?

    • @juliemarkham4332
      @juliemarkham4332 3 месяца назад +1

      @@Kraken1Kid Total fail!

    • @Kraken1Kid
      @Kraken1Kid 3 месяца назад

      @@juliemarkham4332 Try again. I'm going to try it to spend on nothing that i don't need.

  • @edithtirado1094
    @edithtirado1094 Год назад +15

    I get a rush from opting not to buy stuff. I research DIYs and make my own cleaning products : dish soap, detergent, all purpose cleaners and more. Healthier for my household and the environment. Win win

    • @KeturaSaint-Fleurose
      @KeturaSaint-Fleurose Год назад

      I’m opting to do so with cleaning products as well. Buying bottles repeatedly from the store oddly feels like so much more waste and it feels like I’m taking up more space in the apartment if that makes any sense to you. The only products I want to consistently buy are my skincare products which is about 4 items. Of course toilet paper. Maybe I’ll make my own toothpaste I could use baking soda. But I like David’s toothpaste so we’ll see :)

  • @josephpeel9232
    @josephpeel9232 Год назад +24

    Thanks! I’ve been fighting this for a long time, affecting my marriage and my mental health. I appreciate your advice and I pray this helps me and others who also also struggle with this. God bless you Austin! Your the best!

    • @ElAgustin
      @ElAgustin  Год назад +2

      Wow, thanks for your support!

    • @prathamsrestha
      @prathamsrestha Год назад +15

      Bro didn't learn anything from the video 💀

    • @Miras.world_
      @Miras.world_ 2 месяца назад

      @@prathamsrestha😂😂😂

  • @XCVi_MAC
    @XCVi_MAC Год назад +23

    My biggest issue was going out drinking at bars. Got way too expensive.

    • @ElAgustin
      @ElAgustin  Год назад +8

      Move to Colorado. It's so dry here that you can't drink as much because it hits you faster. Wayyyy too dry here!

  • @michelleheadrick951
    @michelleheadrick951 Год назад +10

    I was doing really good with my spending until my dog ( my baby and best friend) passed away 9 months ago. I made a bunch of impulsive purchases on Amazon and ETSY, for about3 months...I knew what I was doing, trying to distract myself from the pain. Since then I've gotten my head back together and have even managed to save a little bit. But I enjoy walking, meditation, cooking and reading...at least all of my favorite hobbies are free

    • @lilianab4756
      @lilianab4756 Год назад +4

      Best things in life are free. Sending you lots of love after the loss of your beautiful fur baby.❤

    • @michelleheadrick951
      @michelleheadrick951 Год назад

      @@lilianab4756 Thank you so much ❤

    • @tinanolan1485
      @tinanolan1485 Год назад +1

      Bless you I’m sorry for your loss xx

  • @ivanvarykino8202
    @ivanvarykino8202 Год назад +6

    I cancelled my prime account last year. Never used it for viewing. My ordering has dropped to a fraction and I still never pay shipping with an average of 1 time per month order for essential supplies. And eventually I will achieve resourcing this locally.

  • @DavidDavisDH
    @DavidDavisDH Год назад +15

    I limit screen time on my phone and delete emails from stores. Read more books and find contentment.

    • @amarecudjoe9501
      @amarecudjoe9501 Год назад

      Nah people make a big deal on cutting of screen time but once you actually have something else that you actually like to do cutting of screen time isn't that hard at least until that other activity is over

  • @adyrackham-sd2jn
    @adyrackham-sd2jn Год назад +9

    Boredom...or when i need an instant pick me up ..meditation helps , reading books , walking . Its got easier as you get to certain age i find the less you need . Nothing , and i mean nothing i have purchased for myself has had a long lasting happiness effect.

    • @KrisVic91
      @KrisVic91 Год назад

      Bull. You said books.
      I assume you eat food.

  • @debbiewalker273
    @debbiewalker273 Год назад +6

    Now that I’m getting into my “wiser” years, I feel like I don’t need as much stuff. I do a lot of my shopping online, and I find a lot of things that end up being wants and not needs. What I order is pretty boring stuff, necessities. I think you can actually get a high off of that, just as much as getting something that’s maybe fun at the moment, and the next day, you’re regretting the frivolous purchase. Thanks Austin, great advise, as always ! ☺️☺️

  • @oliviamarcum3569
    @oliviamarcum3569 Год назад +8

    Seriously, this is the best video I came across and I’m going to try this technique. Thank you for sharing this video! ❤

  • @KrisVic91
    @KrisVic91 Год назад +11

    I was at the cinema on Saturday.
    They don't take cash anymore.
    £3.50 for a bottle of water.
    I didn't buy it, just went to shop and snuck a drink in.
    But still ridiculous.
    Don't want a cashless society and people are just accpeting it.

    • @Natalia-fr5pd
      @Natalia-fr5pd Год назад

      Where are You from?

    • @KrisVic91
      @KrisVic91 Год назад

      @@Natalia-fr5pd Northern Ireland

    • @Natalia-fr5pd
      @Natalia-fr5pd Год назад

      @@KrisVic91 thank You for the response. It scares me out, this "no cash" policy. Greetings

    • @KrisVic91
      @KrisVic91 Год назад +1

      @@Natalia-fr5pd Same, well not scared, but very annoyed.

    • @Dressingshorty
      @Dressingshorty 11 месяцев назад

      I usually pack a drink + snacks before I go to the cinema. Their popcorn sucks anyway. Add to that I don't like soda and I usually drink certain wine brands that they don't serve. Why spend money there?!

  • @juliemarkham4332
    @juliemarkham4332 Год назад +9

    Thank you for addressing this. I used to buy things to make myself feel better and just enjoy stuff, but now I find it hard to stop even though I know I should stop. The pleasure of getting stuff makes me happy (dopamine rush) and is more impactful than the debt load I carry. I needed this video.

  • @bankologygatewaytofinancia4559
    @bankologygatewaytofinancia4559 10 месяцев назад +3

    I love the way you talk, slow and steady..
    Each word is pronounced beaitifully.. ❤

  • @pamilyadance3550
    @pamilyadance3550 Год назад +5

    Read books for free from the Library! Also only buy what is necessary to keep living healthy by ie. Good quality healthy food

  • @yourbestlifebrandi
    @yourbestlifebrandi 9 месяцев назад +2

    Challenge Accepted. Starting today 30 days of not buying anything unnecessary!

  • @eylonahmaestrauss3998
    @eylonahmaestrauss3998 Год назад +1

    I love your videos !! Thanks for making them!

  • @Moniccamccarty
    @Moniccamccarty Год назад +2

    Another great video! I love it😇keep up the great content and God bless you ❤

  • @kaceykelly7222
    @kaceykelly7222 Год назад +8

    Good video...this topic & solution is badly needed in our society today. Few realize how addicted they are and why!

  • @markmury6934
    @markmury6934 Год назад +3

    Austin's videos are very very helpful. This is the Good side of social media. Much appreciated 👍👍👍.

  • @laurabertzyk2612
    @laurabertzyk2612 Год назад +1

    I enjoy your take money. You've helped me think differently about spending these last few months, but this concept of taking a photo of every receipt, every day for a month is WORKING!! I've only been doing this for two days and it's totally an eye opener.

  • @r.therriault8602
    @r.therriault8602 Год назад +4

    I was going to comment on an earlier video about contentment but I think it fits here too-I often think about Viktor Frankl’s quote “Between stimulus and response there is a space. In that space is our power to choose our response. In our response lies our growth and our freedom.” In my own journey of frugality/simple living, etc. I have examined this space and tried to slow down and exist there as a way to see what is actually coming up for me when I feel compelled to buy something (the stimulus). Over a long period of time of practicing and thinking about this as a philosophy, I find my reactions to the world (whether shopping or persons or whatever) are far more intentional. As someone who knows addiction in some of the more covert manifestations, I think slowing down and becoming observational is powerful.
    A fairly new subscriber, Austin, from the inter mountain West and appreciating your content.

  • @glasspanda
    @glasspanda 7 месяцев назад

    Very good tips and a different way of thinking! Thank you!

  • @garchavita687
    @garchavita687 Год назад +1

    Agustin, amo sus videos. Gracias 🙏🏻

  • @JoseLopez-kv1lr
    @JoseLopez-kv1lr Год назад +1

    I needed(learn from) this. Amazing video. Thank you Austin :)

  • @newyorkvisionary
    @newyorkvisionary Год назад +2

    I needed to hear this.

  • @glenn06
    @glenn06 10 месяцев назад +2

    Great video! I used to be addicted to shopping, now I just practice minimalism.

  • @sha_breezy5229
    @sha_breezy5229 Год назад +10

    I’m so happy my lady is on the same page as me financially 100%. She’s a very wise spender & saving. She’s always ready to save a lot of bucks. Get with a partner who’s on the same path as you financially. It’ll avoid the number one reason for separation & divorces. 💯

  • @CozyToni
    @CozyToni 9 месяцев назад

    I love this! 😄 very helpful advice.

  • @SC-rr7ei
    @SC-rr7ei Год назад +2

    Thank you ElAgustin 💖 Your subject is very helpful to learn about, going forward with this economy. Love your style of presenting! I'm subscribed

  • @emilyknowlton8602
    @emilyknowlton8602 5 месяцев назад +1

    Most of life is suffering.... so true. The main reason I never had children. Why bring a new human being into a life of working a job they probably will hate. Work, clean, shower, sleep, do errands, work a soul sucking job, pay taxes, get sick, slowly age, feel anxiety, experience pain, go to school, get into debt, to try to get ahead,get out of debt, and finally grow old/ feeble and die. Welcome to the world little baby.

  • @amyjones8613
    @amyjones8613 Год назад +5

    Walking around the pond 😊 ❤ the ducks who are quacking are really saying "30-day detox" 😂

  • @catherinel.4051
    @catherinel.4051 Год назад +1

    Love you Austin! I am a french canadian (from Québec) and I practice my english with you. I love your videos it's help me a lot with my money.

  • @carolherm
    @carolherm Год назад +1

    Fantastic, thank you!!

  • @MariCarigo
    @MariCarigo 2 месяца назад +1

    You are so funny but most importantly helping me! So in the last two weeks canceled Amazon account, cut and lowered subscription fees by 50$ per month and went to the grocery twice instead of ordering out and came out with 50$ worth of groceries both times...next month is the 30 day detox from unnecessary spending!🥰

    • @Walking_w_Jesus
      @Walking_w_Jesus 8 дней назад

      Well done 🙌 how is it going? Started this frugal journey a couple of days ago with a 0€ shopping week and I am sooo motivated! I will pay of my 2000€ VISA bill in 2 weeks, after that I will start saving money like crazy ❤

  • @DesertMav
    @DesertMav Год назад +3

    Very good video subject. I do make purchases, but I really vet the item and it's cost out first. I will make purchases very quickly if needed, but I make sure to weigh my options first before reaching for my wallet.

  • @Rebel97Yell
    @Rebel97Yell Год назад +7

    Great video. 😃

  • @avenj4659
    @avenj4659 Год назад +1

    Great video. Many truths

  • @jennifersjunkmail5935
    @jennifersjunkmail5935 Год назад +10

    Another great message, Austin, that buying stuff is not the answer to our problems! It's probably a cart before the horse thing, but I attribute the initial source of the problem not to "society," but rather to "marketing." This helps me be more aware of the constant messaging that we tend to just accept as normal background noise, but which subliminally influences how we engage with the world. I consider "society" to be the real people I encounter every day, rather than the fantasy world depicted by the entertainment or influencer industries or the highly selective events shared by the so-called news sources. My friends, family, and acquaintances don't push purchasing to enhance our relationships or solve problems nearly as much as the overwhelming and relentless marketing and advertising that saturates any time spent watching shows or browsing social media. It's not capitalism itself as an economic system that is the problem, but rather that we uncritically allow marketers to get away with trying to sell us an easy fix that doesn't achieve the real goal, i.e., social acceptance, attractiveness, happiness, success, etc. (Now we could get into even deeper topics like education and religion, but I'll stop there.) A helpful early step is to become consciously aware of all the marketing that we are constantly bombarded with and to reduce our exposure when possible. Then comes the even harder work of looking inside to identify what our real goal is and whether buying something is a healthy and effective long term solution or just a temporary salve to relive a discomfort. Thanks again for your fresh voice, as always.

  • @annjose8039
    @annjose8039 10 месяцев назад

    Thank you so much. Your video helped me immensely. God bless you.

  • @mal8447
    @mal8447 Год назад +3

    Thank you Austin.

  • @Partysize2
    @Partysize2 Год назад +1

    Thanks Austin, you have made some good points! I think people are looking for some kind of happiness reward or social recognition reward from their actions of spending money. This won't happen. In my experience, the most satisfying reward overall comes from simply helping others. I don't mean belonging to some charitable organization. I mean small personal acts that help those around us, even those who could manage on their own but would be thankful. If you can't be technically helpful (like fixing your neighbors computer problem), you can always be physically helpful (like lending a hand when you see someone struggling to move or lift or just complete a difficult task). There are countless examples and opportunities to help someone, so train yourself to recognize people who could use a little help and go for it. Your satisfaction with doing so, will last longer than a shopping spree.

  • @christmasblast09
    @christmasblast09 Год назад +10

    Thank you so much, I was recently addicted to anime action figures I couldn't afford when I was younger. I still save and invest. I agree about the dopamine hit. Its because of my pre orders I worked myself every day just to be able to afford my addiction. Now I am more relaxed and spent less

    • @loope9421
      @loope9421 Год назад +3

      Them anime figures have no value to me as an adult. Thank god I didn’t have money as a teenager, those figures always been expensive.

  • @annamartinek7998
    @annamartinek7998 Год назад +1

    Great Vidio Austin!

  • @kevinfestner6126
    @kevinfestner6126 Год назад +6

    I accept the challenge. I will start tomorrow. 5/23/23!

    • @frithar
      @frithar 4 месяца назад

      How is it going, Kevin?

    • @kevinfestner6126
      @kevinfestner6126 4 месяца назад

      @@frithar i did reach financial Independence six or so weeks ago. With the inflation, I decided to increase that value.

  • @willmartin34
    @willmartin34 Год назад +3

    I live in the Northeast and I drive for a living I drive through a bunch of hunt bunch of residential areas 50% of all the garages I drive by are filled with junk are disorganized so he is telling the truth keep going my brother don't stop giving keep giving it to them straight truth... that's what they needthey need., cold hard facts give it to them straight give it to them. Hard......

  • @leapheap6837
    @leapheap6837 Год назад +2

    I like your new haircut. Great advice.

  • @nealamesbury7953
    @nealamesbury7953 4 месяца назад

    I don't spend frivolous, you tube tells me what I need. Just never new I needed so much. !

  • @MyMy-bj7de
    @MyMy-bj7de Год назад +1

    Great video! "Nos vemos chico!"

  • @KK-mx6oh
    @KK-mx6oh 9 месяцев назад +1

    I've been working on spending my time differently. I go to the gym a lot, and there's a monthly fee, but it's less than any shopping would be. I do spend money on books I can't get at the library or want to write in. Otherwise I'm still working on breaking bad money habits. I try to get everything from the grocery store and limiting buying drinks on the go. I always have water with me so that helps.
    I've also decluttered recently and am not looking to accumulate stuff.

  • @darkelf1000
    @darkelf1000 Год назад

    Thanks el Augustine!😊

  • @cajunjamis9001
    @cajunjamis9001 Год назад +1

    "Save the Trees!" 🦉 Austin, well said!

  • @thats_toya4ya505
    @thats_toya4ya505 Год назад +4

    😂😂 I, for sure, don't meet the description because I'm not running. Lol😅

  • @alyssab8487
    @alyssab8487 5 месяцев назад

    Thank you for this video I have wanted to stop spending money and this is very helpful

  • @mariereynolds6430
    @mariereynolds6430 9 месяцев назад

    Absolutely brilliant👏👏👏👏👏

  • @happyhippo1710
    @happyhippo1710 10 месяцев назад +1

    This is a great video. I will try the 30 day challenge but I know I will fail 30 days. I will try week to week and see how far I can go!

  • @subhs8629
    @subhs8629 Год назад +10

    I feel like we need to stop spending money as well and use that money to build wealth by buying assets/build equity

  • @donaldswanson9647
    @donaldswanson9647 Год назад +9

    Life is grim. You slowly decay until you die as does your family and friends. In between you have a choice of boredom or work. Addiction isn't a trap devised by the man. Addiction is a third option. Look around at all the people addicted to food. Cigarettes are an addiction that may help escape food addiction. No doubt spending money is an addiction. Addiction is the worst option but cutting it out still leaves you with the other two grim options. I long ago phased out the addictions and currently dabble in working, working out and boredom otherwise known as relaxing. It ain't paradise but that's not the goal. comfort is the goal. I would aim for something higher like paradise if I could hit something higher.

  • @definitelynotinlovewithharry
    @definitelynotinlovewithharry 10 месяцев назад +2

    I think me having adhd makes it harder for me to break from the addiction bc I will forget I was not supposed to spend in 2.2 seconds and even if I do remember my impulsivity from my little energy outburst just makes me spend WAY more than I should I know I could save way more money it was in cash bc I’ve done it before but my payroll is on my card now no I can easily just press agree and my money it gone

    • @frithar
      @frithar 7 месяцев назад

      Can you write it on your hand? That's one of my ADHD strategiez. I also fill my feed w Austin's videos and similar to Red pattern my brain. It's helping.

    • @frithar
      @frithar 7 месяцев назад

      RE-PATTERN

  • @luxurybagheaven
    @luxurybagheaven 2 месяца назад

    Totally agree on the 1st especially

  • @padmeasmr
    @padmeasmr Год назад +2

    My coping strategies are eating, working out at the gym and playing videogames, but these are not really free. I'm trying to read more since it's free and it engages the mind in a different way but I'm not being much successful, I find myself watching youtube instead XD

  • @pamelahermano9298
    @pamelahermano9298 5 месяцев назад +1

    Ugh, I’ve been “sleeping on” a purchase for two months now but I still want it. It’s this fountain pen I don’t need. I can’t get it out of my head! Lol. Anyway, I had to find a middle ground so I started putting away $45 every month and in six months I can get it. The old me would have put that on my visa… I’m not there yet, but it’s progress.

  • @samiswhoiam.
    @samiswhoiam. 8 месяцев назад +1

    I’m 14 and have my first job. I spend every paycheck I get until it’s gone. And it’s really bad. Hopefully this helps so I can save for a car!

  • @drdawnprecious
    @drdawnprecious 27 дней назад

    Amen Brother!

  • @avenj4659
    @avenj4659 Год назад +2

    My issue is using food as a crutch, a temporary relief from my problems so now I have two addictions to break 😢

  • @FrugalGardenerOntario
    @FrugalGardenerOntario Год назад +3

    Thank you for sharing, I’ve been on a no buy for a year now so I’ve become quite good at it, but since JUNE is coming I would do something like this to help with the decision process.. can I JUSTIFY the purchase, is it URGENT, is it NECESSARY, is it EMOTIONAL. For ease of time, when I get up to June 15th I then start counting backwards till the end of the month. I also journal before, during, and afterwards to express my feelings during the process. Good luck everyone!!!❤

  • @kadygirl92
    @kadygirl92 Год назад +2

    I am 12 years old and have started spending SO MUCH on shein, amazon, and temu, even roblox, i have in the past 4 days made $100 dollars from just laundry, but i spent it all on robux and shein, where yes, some of it i need for my small etsy business, i still have not even started to sell because it takes so long to make the bracelets, i have a plan to not spend any money unless it is my supplies to my business for a year, saving my birthday many, Christmas money, all money i get, any thoughts of how to make sure i dont spend it

  • @missk1534
    @missk1534 5 месяцев назад +1

    Creating not consuming. Art, cooking, creating a garden, care for plants and animals, spend as much time as possible in nature- beaches, forests, etc, Ditch the TV and learn something. Read.

  • @letitbesaid8888
    @letitbesaid8888 Год назад +9

    Go on walks, near our 🏡 home & 🙏.

  • @missk1534
    @missk1534 5 месяцев назад

    I love going to art galleries and enjoying other people’s incredible creativity.

  • @Zynnthex
    @Zynnthex 6 месяцев назад +1

    I spent over 150$ on call of duty mobile. I feel so ashamed of myself.

  • @abbygirl3000
    @abbygirl3000 7 месяцев назад

    Anyone with an Amazon addiction simply needs to clean their room and try to get rid of some of the stuff they don't use, that should be all the incentive you need to stop buying more junk.

  • @Grindgoth
    @Grindgoth 6 дней назад

    2 pack a day smoker, quit about 20 years ago, but just moved the addiction from tobacco and nicotine to Amazon and EBay. 😢

  • @paulsargeant3764
    @paulsargeant3764 9 месяцев назад +1

    My money velocity is very low. I have an emergency fund, 6 years of food in my basement. I'm also investing in gold and silver.😊😊😊😊😊😊😊😊😊

  • @BuyLessJess
    @BuyLessJess Год назад +3

    I like to read books and trade them with peers instead of buying new ones.

    • @KeturaSaint-Fleurose
      @KeturaSaint-Fleurose Год назад +2

      I love this! Reminds me of clothing swapping. I love libraries!

  • @ArafatBukhari
    @ArafatBukhari 2 месяца назад

    Excellent 👌 video 📸👏

  • @danicegewiss862
    @danicegewiss862 Год назад +5

    I'm a minimalist, so addiction to stuff or buying stuff is not an issue. I'm addicted to getting rid of stuff. Minimal Mom is an extra extremist. I'm not. She says 1 towel per person. I say 3 towels. She says 1 place setting per person. I say 2. Right now I have too many towels. I'm weeding out the extras today. The additional space and tidiness is my dopamine hit. Ive gone way beyond 30 days. I win!

    • @sct4040
      @sct4040 Год назад +1

      I think it’s ridiculous to limit 1 towel per person, life happens. Also, such a waste of money. I stored mine on an upper closet shelf for later.

    • @jaytaylor1885
      @jaytaylor1885 Год назад

      @@sct4040 I live alone and i have 1 towel, and have had it for years,

  • @michelleheadrick951
    @michelleheadrick951 Год назад

    Thanks!

    • @ElAgustin
      @ElAgustin  Год назад +1

      Thank you!!!!!!!!!!! You're too kind!

  • @Likuuo
    @Likuuo 8 месяцев назад

    It’s so difficult sometimes!! I’m gonna try deleting all my shopping apps

  • @wizeaux
    @wizeaux 22 дня назад

    I’ve been spending on shoes and just more and more and I barely go out

  • @arafatbukhari4424
    @arafatbukhari4424 10 месяцев назад +1

    Hello 👋
    I am Addicted to........
    Saving+ Investing+ Stacking Gold Bars.