No Spend Year 2020

I've decided to do a No Spend (Low Spend) for 2020!!
I can't believe I'm doing this, but I'm excited for the challenge and ready for it!
In this video I explain WHY I'm doing this, the things I will not be spending money on, and the things I expect to spend on.
If you want to see all of this information and more in written format, check out my blog post: livinglikeleil...
My main channel: / livinglikeleila
My debt/spending updates: livinglikeleil...
Check out my blog:
www.livinglike...
I N S T A G R A M : / livinglikeleila
Camera I use (Canon EOS M50): amzn.to/2EgeQgE
Microphone I use: amzn.to/2KI43zU
Business inquiries: [e-mail]
*The links above may be affiliate links. This just means that if you make a purchase through one of the links, I make a small commission at no extra cost to you. I appreciate the support!

[@jamiezenichi1017]

I watched a few of your new videos and I was so impressed I decided to start watching from the beginning of your journey. I am so proud of you and I am determined to make vast improvements in my financial life as well. I know you will be a multi millionaire soon. You are a huge inspiration to countless many here on KZbin.

[@PersonalFinancewithLeila]

Aw wow, thank you so much!! I really appreciate that! ❤️❤️❤️

[@maddypaige4337]

I can’t wait to start budgeting my own money in 2020. I’ve been struggling with budgeting and writing all my transactions down.

[@PersonalFinancewithLeila]

Yesss start planning it now!

[@marik1104]

Loving your videos! I find them very motivating and relatable. I saw you on the CNBC KZbin video and now I'm about 3 videos deep into your channel. Keep up the great work!

[@PersonalFinancewithLeila]

Thank you so much Mari!! Thanks for watching 😊

[@beec219]

Just watched your recent video about the benefits of a no spend year so i had to jump over here and take the plunge...EEK!

[@stephb5543]

In 2020, I was doing a clothing ban. I'm also not online shopping. But this inspired to do a no/low spend year in regards to eating out and coffee! Fingers crossed! I also ended up having to get a root canal and it cost SO much, even with dental insurance. It was really a wake up call to get my finances under control. Fingers crossed I can do this!

[@PersonalFinancewithLeila]

Yesss you can do this!! Besides, even putting in the effort to reduce your spending will benefit your finances!

[@gerardolima9958]

Love your mentality!

[@lokallifestyle93]

Well Christmas & birthday shopping for you next year should be pretty easy then! haha

[@PersonalFinancewithLeila]

I know! By then I'll probably need something and I'll just ask lol

[@AliciaDoes]

It sounds like a great challenge! I can't wait to see your journey and progress this year!

[@PersonalFinancewithLeila]

Thanks so much 😊

[@cynthiaespinoza89]

I’m so excited for you and this channel. Can’t wait to go on this no spend journey with you!

[@PersonalFinancewithLeila]

Yay thank you so much! 😃

[@SandySaysYT]

It's hard-- you'll do great! I would reccomend that "unless I absolutely need it" as an exception got me in trouble. I had to change my rule last year and say to myself -- you need to find a way to make the extra money for it or find it for free (I'm talking about clothes) lol

[@PersonalFinancewithLeila]

I know it's going to be so challenging 🙈 Great advice! I think the best thing for me is that I announced this publically so that will hold me accountable lol

[@foreverirish132]

Your 100 subscriber here :) best of luck with your no spend year ❤️ I’m doing a no spend in 2020 too

[@PersonalFinancewithLeila]

Yesss! Thank you so much! And best of luck to you as well.

[@PsychotherapywithNichola]

I can't wait to see your next video! I wonder if I can do no spend years...? I am currently trying to pay my mortgage off and doing grocery challenges ($10pw extreme frugalling). It is hard but amazing how much control it makes you feel you have.

[@arlenychedebeau9517]

Just found your channel! Looking forward to see your videos :)

[@PersonalFinancewithLeila]

Thank you! 😊

[@Merryyy203]

I find it so crazy that some people pay so, so much for rent. I pay about 600 EUR for my room in a shared flat and I find it is already way too much (it includes rent, utilities, internet). Then add 150 for food, 15 for the prepaid phone, 50 for transport, then I have some insurances and some other stuff. I get to about 1000. Fortunately, I am quite low maintenance and have no animal companions/kids, so the 1K left is used to save and spend. Still I've noticed that I spend more than I should on stuff I don't need altho I am already quite minimalistic so a no spend 3 months would be cool to see what happens. Thanks for your tips.

[@Iquey]

I'm watching a lot of no spend channels/challenges for 2020. I follow a channel called The Silver Report Uncut and his latest video describes pretty much everything you're going through, on how millenials and gen Z have almost the same credit score but millenials do have an average of $5000 ish in various types of debt. People like you, getting your budget under control and trying to find ways to earn more money are going to be the changemankers that shift the economy towards what people actually need. So much is going on behind the scenes with banks and countries and wallstreet to keep people spending on easy credit, but people like you are bucking the trend and refusing the illusion by making yourself live in reality.

[@PersonalFinancewithLeila]

I'll have to check him out! And yes! I'm glad I realized this is all a trap/game that I definitely don't want to be a part of.

[@getitzusammen8744]

Love how you planned this and how you’re looking at this whole challenge. And also love that I can relate to lots of things here too (doing a low spend year, expensive rent, vegan, want to increase my income etc). Definitely following ❤️ Did you already think of what level of detail you want to share on your channel? I’m thinking of starting a channel too (for accountability) but I’m a bit stuck because... how much so I say? 😅

[@PersonalFinancewithLeila]

Thank you!! And I'm pretty open about everything, I'm definitely going to show my exact budget but haven't decided if I want to share my exact income for my full time job. Honestly I probably will though because I think it will help people. You could still start one and share bits and pieces of your finances!

[@sarahpost13]

I am in!!

[@quinnlarson8688]

I have never heard of this goal! It sounds really interesting! I might want to do something similar on my channel. Do you have any tips on how to do it best?

[@harmonyln7]

Why do so many people bother with credit cards? I've never had or really wanted one, but just pay in cash with debit card or paypal. I have sometimes payed by cheque as well, but fewer places in the UK are accepting cheque now.

[@ivaneteroark710]

Just found your channel, try to find a less expensive place to live, if you save at the grocery store you will spend extra at the doctors office and drugstore, best wishes

[@PersonalFinancewithLeila]

I chose to live where I am currently for multiple reasons (location, safety), but I'm definitely looking into other places to live and it's something to consider. And yes you're so right I love that! Luckily on a vegan diet eating mostly whole foods is super affordable! ❤️

[@gigi4874-w3w]

I liked this video. Nice breakdown. 👍👍👍🌻🌻🌻🌻

[@PersonalFinancewithLeila]

Thanks so much!😊