A MONEY-SAVVY mum who saved £25,000 by doing a ‘no-buy’ year has revealed how YOU can save thousands of pounds in 2022.
Lara Joanna Jarvis, who found fame on YouTube thanks to her budgeting tips and tricks which she shares with her 58,000 subscribers, committed to buying no luxuries in 2019, only spending money on essential purchases.
In 2019 Lara Joanna Jarvis committed to a no-buy year, saving £25,000 in the processCredit: Supplied
She saved enough for a deposit on a house and has revealed how you could save even more this year
According to The UK Spending Report the average Brit spends £1,093.90 each month on treats despite having just £371.30 in disposable income – meaning you could be saving over £700 by cutting out on non-essentials.
And now, in a three-part special, Lara is sharing her need-to-know money secrets exclusively with Fabulous, revealing how you could save £30,000 in the coming year with just a few small lifestyle changes.
Lara, 37, who lives in Hampshire with her husband Stuart, 40 and two young sons, says: “Not buying anything in 2022 might seem daunting but it doesn’t have to be.
“For me that was not spending on anything that was non-essential, which meant no dinners out, no clothes shopping, no coffees – basically the only thing I spent money on was stuff I needed.
“And it totally changed my life, aside from being able to save for our first home it completely overhauled my spending habits for good.
“So whether you’re trying to get out of debt, save for a car or a holiday, follow my tips and you’ll see your finances take a serious glow-up this year.
“You’ll never realise just how much money you’re wasting until you stop spending it.”
Write down your why
Before you even get going you need to work out why you’re saving and write it down because that’s what is going to keep you going when it gets tough.
Put it on the fridge, the lock screen of your phone, anywhere that you are going to see it.
When you are having days when you want to just splurge you have that reminder as to why you shouldn’t.
Try joining money-saving Facebook groups to hold yourself accountable.
My group Budget Best Life has dozens of members with the same money-saving goal and they find it hugely beneficial to chart their progress there and offer one another support.