By putting a plan in place for a low/no buy - what are you hoping to achieve? Reasons may include and are not limited to one or more of the following:
- save money short term (i.e. vacation)
- save money for long term (i.e. retirement)
- limited storage space therefore having fewer belongings
- use products before they expire
- pay down unsecured debts (i.e. credit card)
- using products until they're gone before replacing them
- have less stuff/clutter in the home
- pay for post-secondary education
- extra money for a hobby
- response to reduced hours at work or lay-off
- pay off a mortgage or car loan faster
- saving money for other household expenses (i.e. new furniture, home repairs)
- increase in child-related expenses
- saving for a rainy-day fund
- taking a cruise or trip
- loss of interest in cosmetics and related items
- pressure from spouse/significant other to stop buying and start saving