My 6-Month No Spend/Low Spend Plan + My Goals

[@DeshasReadingCorner]

I'm definitely doing a low spend for the next 6 months as well. I'm trying to have my EF at $5000 by the end of the year. If I can put more in there, that's great. I've been overspending in my misc category and that has to stop.

[@PersonalFinancewithLeila]

We're in the same boat Desha! 🙌 I need to take control of my spending again 🤦‍♀️

[@DeshasReadingCorner]

@@PersonalFinancewithLeila thank goodness you’re making these videos to hold us all accountable 🙃

[@boohooang296]

I started 2021 as a no/low buy year but recently started getting off track... thanks for the mid year motivation!

[@c.martin89]

Same. I got reckless back in May but this definitely motivating.

[@PersonalFinancewithLeila]

@@c.martin89 I love it!! Ya'll are my motivation too! ❤

[@PersonalFinancewithLeila]

Thank you for being my motivation too Angie!! We got this 🙌

[@angieortiz3558]

I went out of my way when it comes to tracking my expenses but you just gave me the motivation again! I literally just took a break from Instagram as well 🤣

[@PersonalFinancewithLeila]

Yass!! I hope you've been doing well otherwise! And yeah I'm still off IG it's been very nice 😊

[@adventuresofmimimarie6509]

I am jumping on board. I have been spending money like crazy but I need to put a stop to it now.

[@PersonalFinancewithLeila]

Same! Let's do this 🙌

[@Your-Money-Mindset]

Best of luck with your 6 months no spend. I’d like to do something similar. I just find the Amazon prime app too tempting! Have a great six months!

[@PersonalFinancewithLeila]

Thank you!! I don't have Amazon Prime, but I could see that!

[@Sam-fd4oq]

I didn’t even consider doing a low spend for the rest of the year until you posted that you were thinking about doing it. I’ve been working on tweaking our household budget and if I keep with it we can make great progress towards paying off the last of my student loans and save a good chunk for exterior home repairs

[@PersonalFinancewithLeila]

Yay how exciting!! 🙆‍♀️

[@scooter3973]

Great video. I’ll be using the saved money to max out my Roth and bump up my EF from 3 to 6 months

[@PersonalFinancewithLeila]

Love it!! Let's do this 🙌

[@lakeishaleek]

Looking forward to trying the as a low spend year for the next six months!

[@PersonalFinancewithLeila]

Yess let's do it! 🙌

[@PersonalFinanceWithAshtyn]

I love your videos! I definitely need to do this for myself!!! Could you do a video on your college experience, degree, and what you do for work now? I would love to hear your experiences on how you got where you are financially and job wise! Love you and your channel!🥰🥰

[@PersonalFinancewithLeila]

Thank you Ashtyn!! I actually have a video about my college experience and job on my other channel! Here is a direct link: kzbin.info/www/bejne/d4O5hKR4gN17jck Hopefully it's what you are looking for but feel free to ask me anything else!

[@NinaH_9410]

Thank you for this video Leila, i needed such a motivation.

[@PersonalFinancewithLeila]

Thank you for watching Nina!

[@turtlescanfly7]

I’m going to do a no spend. I started a new job after finishing grad school so my income has tripled. During school I was living off student loans & a part time job so this will be a huge income change. I was very frugral out of necessity and I already made a large fun purchase (iPad for $400) so I’m set. I will allow myself to buy 2 pairs of slacks and a 1-2 blazers whenever we’re back in the office again but other than that no new clothes, cosmetics. I think I might give myself $30/ month for new books but that’s it for personal spending. By the end of December I should be able to fund a 6k emergency fund, max out my Roth. I’ll need a car in October so 3 months to save for that, I’m looking at the Corolla hybrid right now

[@PersonalFinancewithLeila]

Love it!! Very specific goals so it sounds like you'll hit them easily. Congrats on the new job and keep us updated!

[@daniellebrignola1264]

Ugh yes, I need to try this!!!!

[@PersonalFinancewithLeila]

Try it!! If you're in a good financial head space then it will benefit you!

[@Denise_Cocoa]

You are getting me fired up about saving and paying down debt!!

[@PersonalFinancewithLeila]

Yesss I'm glad! Making this plan was motivating and seeing all of your comments is too! 🙌

[@DamarisRussellSocials]

Your goals for the rest of the year sound great. How good would it be if you manage to pay off more than 10,000 of your student loans? I'm aiming to save 500 sinking funds and 1000 emergency fund.

[@PersonalFinancewithLeila]

And I know you're doing the full year so I'm sure you'll reach those goals and I'm excited to join you now!

[@DamarisRussellSocials]

@@PersonalFinancewithLeila Thank you, I hope so. I get the impression that once you've done a low buy or no buy year it's something that you tend to carry on with. It's such a good way to stay on track, I love it. 😊

[@geawillemse3513]

Fantastic goal setting. I'm sure that you will pay off more than 10 k on your student loans with the money owing to you plus other bits and pieces. ❤️👍

[@PersonalFinancewithLeila]

Thank you Gea! ❤

[@geawillemse3513]

My pleasure ❤️👍

[@KristensClassroom]

Love this! We are doing No Buy July to cut down in my car loan!

[@PersonalFinancewithLeila]

Ooh that even has a nice ring to it! That's awesome!

[@stefan18375]

I wish I could stick to something like this. When I get bored I spend.

[@PersonalFinancewithLeila]

You can! When you get bored...watch videos like this instead, or debt videos, financial independence, investing, early retirement, etc. I like to look at future finance projections too to keep me motivated

[@wills.364]

I’m going to focus on maxing my Roth IRA contribution so I can make my money work for me😃 I’m trying to get to 200k on my portfolio which I am really close!

[@PersonalFinancewithLeila]

Yesss that's the best way to make money! Good for you Will that's amazing!

[@wills.364]

@@PersonalFinancewithLeila It’ll be more amazing once I raised my annual income into $10,000 or more someday!😁

[@RadioGirLF]

Things I keep paying for even on a low buy plan are books, travels and my Tone It Up fitness app monthly subscription. Clothes are also not a priority for me.

[@PersonalFinancewithLeila]

Love this. Things that add value to your life! This reminds me I should have said NO books for me because I've bought enough to read for the next 6 months lol

[@debtfreeF]

i need a no spend rule for the rest of the year too D: I spent waaaayyy too much in June

[@PersonalFinancewithLeila]

Wait till you see my June update 🤦‍♀️🤦‍♀️🤦‍♀️

[@phobedavis7014]

Why not pay down the student loans? It's tied to your net worth?

[@PersonalFinancewithLeila]

Because they're at 0% interest through September! I'm just gaining a bit of interest in the meantime by saving and then I'll make a lump sum payment in September!

[@phobedavis7014]

@@PersonalFinancewithLeila Not that much.

[@katkatkat5]

my phone is about 4 times as much, how is yours so low?

[@PersonalFinancewithLeila]

My phone is paid in full and I'm on a family plan with 4 people total which helps (Verizon)!