I’m Rachel Smith. I’m the Author of Underspent.

I didn’t buy anything new or 2nd hand in 2014 and saved $52,680 (38% of my salary). I broke my habit of impulse shopping and ‘buying just for the sake of buying’ – I changed my spending and transformed my savings. It started as a lifestyle experiment (a spontaneous New Years Resolution!), but it changed my life, so I kept on going.

For me, the benefits of being Underspent are: spending less than is expected or required, money in the bank, breaking my Impulse Shopping habits and being happier and more content.

My weekly blog inspires women to change their shopping, spending and saving behaviours.

My Underspent book helps women break the habit of impulse shopping in 7 steps.

Financial planners, financial advisors, banks, superannuation funds, accountants and mortgage brokers use my Underspent book to help their female clients to change their shopping, spending and savings behaviours (by helping their clients, they protect their business).

The 7 steps, in my book Underspent, that worked for me are:

* Step 1. I identified my passions and priorities
* Step 2. I made a budget and sorted out my banking
* Step 3. I got people in place to help
* Step 4. I inspected, assessed and organised my stuff
* Step 5. I got into swapping, sharing and selling
* Step 6. I used everything that I already had
* Step 7. I got out and had fun

I am a Behaviour Change expert. I have more than 20 years of behaviour change expertise. I practice what I preach. The secret of my success is a proven 7 step, step-by-step, process developed from my own personal experience (my 2013 and 2014 lifestyle experiments) and from delivering over 300 (transport, education, tourism and finance) behaviour change projects. I am an international speaker, social commentator, qualified educator and the Australian media’s ‘money saving expert’. I’m a regular on prime-time TV and radio including Channel 7’s Sunrise, Channel 9’s Today Show and ABC radio. I have two TEDx talks, I’ve spoken in London’s Palace of Westminster’s House of Lords, discussed my projects with the Australian Prime Minister and I was part of the BMW Guggenheim Lab in New York, Berlin and Mumbai. Last year more than 9,000 people participated in my free ‘30 days of money saving tips’.

“You’re an inspiration, Rachel” Kochie, Sunrise TV host

Are you Impulse Shopping and buying just for the sake of buying? I asked thousands of you. This is what you said…
1. You’re not satisfied with what you already have and own.
2. You’re bored and lonely.
3. You feel unprepared.
4. You have no willpower.
5. You love buying gifts.
6. You have Fear of Missing Out.
7. You fear you’ll fail to meet your children’s needs

How many of these are true for you?