The Spending Ban Tag with TSB


When TSB recently contacted me about a spending ban challenge, I was more than up for it as I'm one of those people who spends money completely unnecessarily. Whether its eating lunch out instead of bringing a homemade meal, buying a morning coffee or 'treating' myself more than I should whilst browsing online, over the course of a few weeks, it soon adds up. I'm also one of those people who thinks I'm rich on pay day, gets all spendy and then spends the latter half of the month complaining that I'm skint. Not good!

With this being said, I was excited to take on TSB's challenge and cut one thing out of my life that I normally spend a lot of money on to see what a difference it could make to my bank balance. I thought long and hard about what this could be and in the end I decided on taxis. Yep, taxis, of all things. As someone who doesn't drive (I really need to pull my finger out and pass my test) the temptation to have some extra time in bed and get a taxi to work instead of using public transport is very strong. However, a taxi from my flat to my work isn't cheap - it costs between £8 and £10 a time and I've been known to get up to 4 taxis a week sometimes. I know, shocking. That works out at £40 a week and £160 a month. I don't even want to know what that adds up to over a year but you get the point.

Over the past couple of weeks, I've gone tee total on taxis and have given myself the rule that I'm only allowed to get one if I have a good reason to. For example, if I'm going home to the lakes for the weekend and need to take a suitcase to work, I'll allow myself to get a tax instead of trying to cart a heavy suitcase on and off public transport. However, sleeping in, being lazy and wanting an extra 30 minutes in bed definitely don't fall into the 'good reason' category. 

I've already saved so much money just by cutting taxis out these past couple of weeks and I certainly intend to keep it up. My boyfriend and I are wanting to get our own house as soon as we can so all of our extra money needs to go into savings for a mortgage, not on taxis to work. We were recently discussing setting up an account we can put money into whilst saving and a Cash ISA from TSB is a great option as you don't pay any tax on the interest you earn which is a big plus. You can find out more on the TSB Isa page.

Myself and TSB now challenge you to go on a week-long spending ban and see how much you save! What do you spend money on that you don't really need to? 

I'd love to hear about your unnecessary spending in the comments below!

collaboration with TSB*

21 comments

  1. This is such a good idea, when I really think about it, I waste an awful lot of money on silly things that really, I don't need x

    Blushhx

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  2. This is such a good idea! I waste so much money on Starbucks, when I just make a version of the drink I buy at home I could save so much money if I didn't go to Starbucks x

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  3. Fab idea, I really need to stop spending as much money so I may just take you up on this challenge! You don't realise how many pointless things you waste your money on until you really think about it! xx

    Grace | Glitter and Carousels

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  4. I've got to stop spending so much on food! I'm terrible about bringing my lunch with me at work, and I end up spending far too much on quick takeout food. The food is never as amazing as it should be, so I'm definitely going to work towards bringing my own lunch from home.

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  5. Fab idea hun! I'm so bad with spending haha... actually my most recent post is about a cheeky purchase, which I slightly regret ... oops x

    ❤ The Jewel Beauty Blog ❤ | Michael Todd Soniclear Review |

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  6. I've been doing a spending ban (forced as my gym membership and phone bill left my bank account completely empty) Other than the £10 to bind my project I have not spent a single penny in two weeks now. I am so thrilled. I am saving pennies in jars and putting all my cash into storage at the moment. I'm hoping to keep saving until student loan comes in at the end of April.

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  7. Forever trying to not spend! Got a mega trip to USA planned this summer so that's my saving aim the next few months. Easier said than done isn't it? £15 a week can easily go on coffees! xx

    http://squatsandasideofnutella.blogspot.co.uk

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  8. I've been trying to eat out less and less, because that's where all of my money tends to go! It's soo hard though, because when I go out I don't have to cook ;D

    ExploresMore.com

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  9. Great idea! I spend a lot of money on food instead of eating at home so I may have to try this! Xx
    OliviaCheryl.com

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  10. I need a spending ban! I'm always looking at what to buy next. Great post

    Jenna | jennaloves3.blogspot.co.uk

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  11. Taxi's are definitely expensive and are something that would add up so quickly, so I can see why this made such a big difference! My challenge would be not treating myself as much. Whenever I'm feeling down or stressed I always treat myself, and while it does pick me up temporarily, it's not a great habit.

    nueyork.blogspot.com

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  12. This is such a good idea! I spend so much money on things I don't need and try not to add up how much I'd save if I didn't, It's scary! xx

    lotsofloveliz.blogspot.com

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  13. I think coffee is definitely something I spend money on & don't need to. 4 Starbucks a week can get a bit pricey, especially when I'm supposed to be saving haha! x
    Elise @ Elise Dopson

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  14. I've got a caffeine addiction which costs me an arm and a leg. If I swapped 90% of my caffeine intake for water, I'd save so much! Not to mention, it'd improve my health.
    On a smaller scale, I buy a bottle of water before every shift when I could just be filling a bottle up from home. It's amazing how much money we do actually waste without thinking about it

    Nikki x
    Queen Ginge

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  15. Had no idea what TSB was haha, guess it's a UK thing :) Lovely idea!

    Erin | Erin and Katherine Talk Beauty

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  16. This is a really good idea, I'm glad to hear im not the only one that can't drive, I have to get the bus to work so I no how tempting it is just just hit the snooze button and call for a taxi, it does seem worth it when your shutting your eyes for that extra 30 mins in bed but when you get to the end of the month you start to regret it. My thing to save on would defiantly have to be food and random things from the super market. I must go 2 -3 times a week and fill up a basket with things I don't actually need. I may try this method, if I do I'll be sure to do a blog post and let you know, thanks for the idea and advice.

    www.danielledotwood.blogspot.co.uk

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  17. Such a great idea. It's amazing how much unnecessary crap you spend money on when you don't keep tabs on it! Ha x

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  18. Amazing idea! Sometime you don't realise how much you spend on stuff you don't need! I am forever spending money on rubbish! x

    www.beyondthevelvet.blogspot.co.uk

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  19. It's a great idea to cut out taxis as they're so expensive! I try not to go to places unnecessarily in order to save money.

    hellomissjordan.blogspot.co.uk xx

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  20. i know this reply is kind of late in regaurds to the topic,
    but I need to stop buying sweets as pick-me-ups after work,
    sometimes I spend £8.00 on sweets over 1 week and well,
    because of me being ill a lot in march and having a week off in april,
    I just can't afford to splash the cash on non-valuable or useful items.

    This is such a great challenge and I will try this challenge once I get back to work,
    since that's when the hard work will start and wouldn't benefit me if i started now.

    Thank you for sharing this challenge & your personal difficulties & accomplishments.

    http://leopardprintsandtea.blogspot.co.uk/

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