The How Not To Spend Strategy is a lifestyle more than a singular event. This lifestyle is NOT about saving money or investing. It is about learning how not to spend your money. This seems counterintuitive to personal finance as many people think about saving money or investing, but not everyone has funds to do this. THIS is what the HNTSS is all about.
Simply put:
Learning the HOW NOT TO SPEND STRATEGY is NOT about saving money, it is about changing your spending mentality! You must change your mindset and you WILL have extra money!
Simple explanation:
Often, blogs will preach to save your money, stay away from spending, avoid fast food and fun, etc. Here at simple money, we understand that many factors go into how and why someone spends their money and no one can truly dictate how you should spend your money. But we, at simple money, want to show you HOW NOT TO SPEND it! This involves practicing simple concepts from the HNTSS, which involves alternatives, deal hunting, price comparing, app scanning, and many other great ways to get a cushion so you can save it or spend it or do whatever you like. We can nearly guarantee that you will create a cushion following this money strategy.
Simple steps:
1. Read HNTSS here.
Understand that the money WILL add up. You may start off with small amounts, like $5 extra dollars this month and $10 the next month, but they add up!
2. Practice on paper (really, get a notebook and write things down).
Bills, future expenses, wants, needs, etc. Write down everything so you can conceptualize it.
3. Patience and persistence.
The savings doesn’t just happen, it racks up over time and you will have a beautiful nest egg in no time!
4. Step back and review.
Periodically review your budget and see where you can save. This includes car insurance hunting, look at services you don’t think about like Netflix alternatives ($108 – $200+ a year!), to what clothing brands you buy! Always review and see what can improve and decrease!
5. Commitment.
If you only give a small effort into the HNTSS, you’re only going to get small results. This strategy will have you debt free in little to no time and will bring you ahead where you may have never thought possible.
Simple conclusion:
The HNTSS is a game changing and mindset based strategy. What you choose to do with your extra funds, is up to you. We suggest paying debt off and investing small portions. Build an emergency fund or treat yourself (part of the credit building strategy here). HNTSS isn’t a strict savers budget, and we guarantee you’ll find yourself with extra green in your accounts in no time!
Simple Money 