How To Stop Spending Money (On Unnecessary Things)

how to stop spending money on unnecessary things

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Finding ways to save money is tough.

But learning how to stop spending money (especially on unnecessary things) is even tougher.

And I bet you are constantly asking yourself, “Why do I spend so much money?”

Trust me, I’ve been there and done that.

To be honest, there are still rare occasions where I catch myself buying something on impulse.

It’s bound to happen to anyone despite how great they are with their money!

Like most people, there will be times when you can’t control your spending.

Something you like may catch your attention.

You could be bored, angry, or sad, which triggers you to spend.


Is spending money an addiction?

Sometimes you may even engage in “retail therapy” because it’s nice to treat yourself once in a while, especially when you’ve achieved something.

That’s fine because we all deserve a little treat sometimes.

Just be careful though, because similar to drinking, your spending can really spiral out of control and become a shopping addiction.

This compulsive spending behavior could leave you and your family in serious debt with no assets.

My point is “retail therapy” or occasionally buying things you like isn’t bad as long as it’s done in moderation.

But when you’re unaware, or in denial, something small that doesn’t seem harmful can eventually cost you thousands of dollars and leave you in financial trouble!


Pin this image!

how to stop spending money


How to stop spending money on unnecessary things

You don’t deserve any financial pain, and I’m going to show you how to avoid it!

Today, I’m going to talk about the ways to stop spending money so you can gain control and achieve your financial dreams.

👉 You can also check out these unnecessary things I stopped buying to save over $10,000 here.


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You see the bottom screenshot?

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Why I was spending so much money

Here’s a quick personal story about my past reckless spending behavior. Luckily I didn’t go in debt because of it.

More than a few years ago, I wasn’t able to save money like how I used to.

It was very unlike me because I was able to save, invest, and build wealth; but things changed quickly and my personal savings didn’t grow for two years!

I was mindlessly blowing my money on things because I thought it was going to solve my problems and make me happier.

Most of my paychecks were spent on expensive restaurants, clothes, makeup, shoes, home décor items, furniture, random stuff, etc.

Deep inside, I was scared and in denial.

I just couldn’t stop spending even though I was aware of my bad spending habits.

Fortunately, I was cautious about my behavior and accepted the fact that I needed help.

When I dug deeper to find out why I was spending so much money, I realized it was because I was depressed at the job I hated, had a lot of family issues, and stressed about life.

Just knowing the root cause of my behavior helped a ton and I was able to learn how to stop spending money on:

  • Expensive food
  • Clothes, make up, and accessories
  • Home décor and new furniture
  • Unnecessary things I don’t need (knick knacks and doodads)


Steps I Took To Stop Spending Money

So, here are steps you can take to stop spending money you don’t have.

After following through, I was able to gain control and reach my financial goals again!


1. Know your why and set goals

how to stop spending money

On top of digging deeper and finding out your root problem, you may also want to understand why you’re looking for help on how to stop spending.

There are many reasons why you want to stop spending money and improve your situation.

Perhaps you want to:

For me, I knew that being stuck at a job I didn’t like was one of the root problems to why I was spending so much money.

That’s why I wanted to find ways to save money wisely and learn a thing or two about the best frugal living tips so I could build wealth and achieve financial freedom.


Related post: How To Create Wealth From Nothing


2. Figure out what triggers your spending

how to stop spending money - emotions

There are many psychological factors that may cause emotional spending.

Like my personal story above, your spending habits could be triggered by your emotions.

You need to understand what triggers your spending habits before you can even fix the problem.

Here are some reasons why you may be spending more than you should:


You’re sad, angry or having a bad day.

Do you catch yourself buying something when you’re having a bad day at work?

Perhaps you got into a fight with your spouse?

The feeling of sadness or anger may prompt you to spend because you think buying something will make you feel better.

In other words, you think spending and buying things will eliminate your sorrows and make you happy. It’s sort of similar to drinking your sorrows away, but it becomes a vicious cycle and it only makes the situation worse.


You subconsciously want to impress others.

It’s hard to swallow this, but many people can’t stop spending on things they can’t afford because they care too much about what others think of them.

They try to keep up with the Joneses to protect their ego and self-worth without realizing the stress of debt and financial problems.

A good example is when someone purchases a big home or a couple of fancy cars that they truly cannot afford.

This is somewhat related to my next point.


“We buy things we don’t need with money we don’t have to impress people we don’t like.” 😩


how to stop spending money quote


You’re masking your low self-esteem.

I went through a phase where I was always buying new clothes, shoes, accessories, and handbags because I thought wearing a new outfit to work every day was going to make me feel more confident in front of others.

I felt pressured because most people at my workplace look sharp and are well-dressed.

I wasn’t very confident and had a lot of self-esteem issues. ☹️

So, I thought nice clothes, shoes, makeup, and handbags were going to make me more confident and happy.

To add on top of the stress, I was afraid that I wasn’t going to be liked by others – I realized it was all in my head.

I also gave myself the excuse that things were on sale and it gave me a reason to buy more.

I was actually becoming more depressed each day no matter how many new clothes I bought.

Even compliments by others didn’t make me feel happy or confident, so I realized the problem was me. 🙄

To make my situation worse, I was becoming more stressed because I wasn’t saving as much money as I used to!

As mentioned before, I eventually dug deeper and realized that it was the job I hated that made me feel sad and depressed.

This self-discovery encouraged me to look for other opportunities such as flipping furniture for extra money and starting a profitable blog to keep my mind away from spending and feeling depressed.


😊 Today, I’ve become a happier person because I was able to save enough money to quit my job and use that time to find different ways to make $100+ a day. It is important for me to find a side hustle or hobby that aligns with my interests. 💸

Most importantly, this has helped me stop buying unnecessary things for the sake of spending money!


You’re feeling bored

Have you ever felt the urge to spend because you’re bored and have nothing else to do?

I know I have and that’s why I ended up with small knick-knacks, ornaments, and other “pretty” or “cool” stuff.

I regret these small purchases because they end up lying around my house collecting dust.

Sometimes my intention is to “window shop” but I would end up spending money because I’m bored. Plus, who couldn’t resist a “good” sale, or that fun and “cheap” item, right?

Have you heard of the horrifying stories of others who desperately sell their clutter to pay off their debts and overdue bills?


“If you buy things you don’t need, you soon will sell things you need” — Warren Buffett 🛍💸


how to stop spending money quote by warren buffett


You feel the need for instant gratification

We’re humans and we love things that are instant and now. We just can’t hold our horses!

The sad part is this euphoria only lasts for a short period of time and we tend to forget.

Think about the new handbag, outfit, toy, random knick-knack, etc. you purchased because you thought it was going to change your life and make you happy.

I bet you probably forgot about those items by now.

The fact is your feeling for “instant gratification” has robbed over thousands of dollars from you (potentially even more such as your $1,000,000 retirement fund).


You try to make up for the past

I’ve mentioned that I was born in a low-income family who couldn’t save any money and struggled to make ends meet.

After being surrounded by “richer” peers at school and work (who thought I was weird for not having the same “rich” experiences as them), I started to feel as if I was deprived in the past.

I think the feeling of missing out on things in my past gave me the urge to spend more today.


3. Take action to stop buying things

Now that you know your why and what triggers you to spend, it’s time to take action to reduce your spending.

Here’s how to stop spending money on unnecessary things:


Look at your past spending activity

how to stop spending money - what are you buying?

To stop spending money you don’t have, you first need to analyze your spending behavior!

I personally find this helpful when you take a look at ALL of your past transactions.

This includes ALL spending from your bank accounts, credit cards, receipts, etc.

I bet you’re going to be shocked at your numbers once you see them on Excel!

But trust me, this will help because you’re going to know how much you’re spending and see exactly where your money is going.

To give you an example, when my fiance and I looked at our monthly expenses, we did not realize that we were spending over 5 figures a year on food (for one couple only).

This was a huge wakeup call for us, so we started looking for ways on how to stop spending money on food.


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My fiance and I were able to save over $11,000 per year just by simply cooking delicious meals at home and planning them more often!


Related post: 10 Things I Stopped Buying To Save Over $10,000 (#4 May Shock You) 😮


Prioritize your needs and wants

Next, give yourself a realistic budget along with prioritizing your needs and wants.

You want to list all your needs like basic food, shelter, clothes, utilities, etc.

Once you know how much your basic needs costs, set aside an allowance for wants. These wants are things that make life more enjoyable but be sure you can afford them!

If you don’t have any more room to cut on expenses, finding ways to make extra money from home can help you improve your quality of life. These money making ideas require no experience to get started!


💡 PRO TIP: I like to set aside a budget for my “guilt-free” spending.

Thanks to I Will Teach You To Be Rich personal finance book, this method allows me to save money before spending all of it. It’s easier when you save first and spend what’s leftover.


“Do not save what is left after spending; instead spend what is left after saving.” – Warren Buffet 🌟


4. “Out of sight, out of mind” will stop you from spending money

You’ll know how to control your spending better when things are “out of sight, out of mind”. 🙈

I mentioned at the beginning that people tend to spend money when they are bored, angry, or just having a bad day.

That ties in with the fact that we enjoy the euphoria rush of instant gratification, which most of us end up regretting.

Well, here’s how to stop spending money on unnecessary things that you think are making you happy but not.


Unsubscribe from retailers’ e-mails.

It’s okay to keep a few of your favorites in your inbox, but just be cautious of their marketing tactics.

And delete the rest!

Not only will this method block ads and marketing campaigns, but it will also stop you from FOMO (fear of missing out).

I used to think I was missing out on a great deal if I didn’t act fast. This made me spend more money without realizing.

That nice summer dress I purchased online through their e-mail notification cost me over $65 after tax despite it being 70% off, which is fine! I like it and I still wear it.

BUT, there were a lot of other items I decided to add onto my shopping list, and I bought some for my mom too.

After reviewing my purchases for that summer, I ended up spending $2,000 on clothes within a 3-month period! I was shocked because I thought, “How did my $65 purchase on a dress turn out to cost me $2,000?” 🤔

Purchases add up really fast, and this all started from that one e-mail notification about the store’s biggest sale.

Like I said, it can be hard to stop spending, especially when companies have lured you into their “great sale” or “buy more, save more”.

So, it’s best to unsubscribe and stay away.


Find an alternative hobby (preferably, one that makes money) 💵💵💵 🌟

how to stop spending money - find a hobby that makes money

Again, I thought new clothes, shoes, and makeup were going to fix my confidence, but it didn’t.

I realized the real problem was within.

What made things worse was I was spending too much money on things that didn’t identify who I was.

To stop spending money and to keep things “out of sight, out of mind”, I started making home décor crafts and flipping furniture to make extra money over a couple of years ago.

I also eventually started this blog as a hobby just 17 months ago on a whim with no experience.


👉 You can learn how I made over $7,000 blogging online in February 2019 here.

What boggles my mind is I made close to $10,000 with this blog in March 2019! This was beyond my wildest dreams ever! 🤩


Flipping furniture, selling home décor crafts, and blogging has definitely stopped me from shopping and spending money.

I became more productive and was able to focus on things I enjoy!

If anything, these money-making hobbies helped me earn and save more money than before!



Just a year and a half ago, I had no idea that starting a blog would improve my life both mentally and financially!

Blogging was a way for me to distract myself from feeling depressed and spending money.

Blogging also encouraged me to save money, make some extra money, and eventually allowed me to earn a full-time income. I was able to quit my job within my first year with no prior experience!

You too can start a money-making blog for just $2.95 per month (that’s over 60% off) and you get a FREE domain name ($15.99 value) when you sign up through my easy step-by-step blogging tutorial here. 👈

This low price is exclusive for Finsavvy Panda readers. But hurry, because this offer may not last for long!


5. Practice gratitude 🙏

how to stop spending money - be thankful

Last but not least, always be thankful for what you have.

This strategy helps each time you’re tempted to spend on impulse, whether it’s due to emotional or feeling bored.

Nowadays, whenever I’m tempted to make spontaneous purchases, I think back to what I have. I don’t need more stuff or material things to be happy.

Practicing gratitude and learning how to be grateful makes you happier, healthier, and less stressed!

According to this article, research shows that owning stuff and material goods are unlikely to boost one’s happiness.

This proven strategy is very powerful and it has personally helped me cope with my low self-confidence issues.


“The studies suggest that materialistic people are less happy than their peers. They experience fewer positive emotions, are less satisfied with life, and suffer higher levels of anxiety, depression, and substance abuse.”


Now, I only buy necessities and things I absolutely love and appreciate.

I’m truly thankful for what I have — that is my life, family, friends, experiences, and a few of my favorite splurges that make my life more fun.

Overall, I am happy with the fact that I’m still healthy and get to enjoy life with the people I care about.

Not only does being appreciative reduce my spending by a TON, but it also prevents my home from being a storage place for things. The last thing I need to stress about is a room filled with unnecessary clutter!


Final words on ways to stop spending money:

It’s okay to spend money and reward yourself once in a while.

I always say things in moderation and keeping a good balance is the key to living a happy life!

But sometimes it could get to the point where you find yourself spending too much money without understanding why.

The first and most important step is to understand why you are looking for help on how to stop spending money.

Know what your end goal is.

Next, figure out what triggers your spending. This may be stemmed from your emotional feelings.

Once you know your end goal and what’s prompting you to spend, take action by:

– Analyzing and tracking your spending

– Prioritizing your wants and needs

– Creating a realistic budget (again, I like creating a “guilt-free” spending account aside to make saving money easier)

– Finding ways to keep things “out of mind, out of sight” (I was looking and searching for hobbies that make money, which helped distract me from spending money and buying things I don’t need)


Over to you – Are you spending too much money? What are some of your ways to stop spending money? Feel free to share your thoughts and comments! Also, don’t forget to check out the best resources and hacks to get free money! You can’t afford to miss out! 🙂


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how to stop spending money on unnecessary things

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  1. Again with great content, inspiring and true. I love the 5th one Gratitude is so important. If we start practicing gratitude then we won’t end up spending thousands of dollars on unnecessary things.

    1. Hi Alish,

      I’m glad you enjoyed the post!

      When I take a step back and see how much stuff I have, it makes me feel horrible for spending money on more stuff.

      With consumerism, people will never be happy with what they have because they’ll subconsciously compare themselves to others and they start wanting more and more.

      Practicing gratitude can help prevent us from being in this vicious cycle!

      Thank you for dropping by! 🙂

  2. This is such a great post!

    Getting past that need for instant gratification was a HUGE one for me, honestly – as was the whole wanting to make up for the past thing. Growing up poor taught me a lot of really good things, but I do think one challenge I faced when I started making money was that I almost wanted to make up for all the times I couldn’t get what I wanted growing up, if that makes sense. It took some time to get that behaviour under control, but I’m glad I did now.

    Thanks for including gratitude on this list, by the way 🙂 It can be so, so easy to forget about how important it is to be grateful.

    1. Sounds like we experienced something similar with making up for our past!

      I’m also glad I don’t spend as much money on unnecessary things today! Being grateful works like a charm!

      Thanks so much for your comment! ❤️

  3. my oh my!

    you don’t know how much your article speaks to me. thank you so much for writing this!

    I always buy things whenever i go out with my girls and when I see something nice, I just buy it without looking at the price or thinking about it. This isn’t good practice because I haven’t saved any money. I’m in debt……………

    I’m gonna start tracking my purchases closely now to see how much i’m spending.

    thank you for your inspiration and story! love ya!

    1. Hi Jass,

      I hope you figure out your debt situation!

      Definitely — it’s important to track your spending when you don’t know where your money is going. That helps a lot especially when you write it down because more than half the time, we forget what we’re spending our money on – haha.

      I’m cheering for you!

      You got this! 🙂

      Thank you for dropping by and reading. I’m so happy to hear that you find this inspiring!

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