We Will Be Going On A Spending Fast. Join Us!

Today is December the 7th, and from my Twitter timeline, we are slowly getting into holiday mode. Before we are fully lost in it, I want to propose that we commit to do something, starting on the 1st of January 2017.

I want us to go on a spending fast. If you have subscribed to my newsletter, you know something about this. Basically, a spending fast is a challenge (we love challenges) to not spend money on anything but the most basic things for a period, and to use the savings on something useful like paying down debt, a retirement fund, etc.

Does this sound like fun? If it does, join our Telegram Group. If I have not convinced you, read on…

Borrowed from Frugal Beautiful these will be the rules of our spending fast:

• For 30 days, you do not buy anything that isn’t necessary to live.  If it isn’t food or medicine, you don’t buy it.
• While food is necessary to live, you will reduce your spending on food drastically by making it a point to cut food waste and use up what you can. Go through the freezer, finally cook up those frozen foods.  Use up the cans of veggies, the dried pasta and the non-perishables that are collecting dust, doomed to expire. You will still spend money on fresh fruits and veggies, but ONLY if they are needed to complete a recipe with existing foods that you find in the cupboard.
•  For 30 days you will de-clutter, donate and re-purpose.   Dust-collecting video games & DVDs either should be donated, sold or played.   Instead of going out to shop, focus on making space in your life.
• For 30 days you will make do with whatever you have in the house.
•  For 30 days you will focus on finishing those annoying unfinished projects since you will not be spending money on entertainment.   LOL!
•  Before A Fiscal Fast You Will NOT Stockpile.  It’s tempting to go out and buy a bunch of stuff just for the sake of being “ready” during your fast, but that’s missing the point.

Join us!