3rd Annual Spending Fast this May

04.27.2008

An idea that worked well for me the past couple years is a 30 day spending fast. And I enjoyed having the company of others.

I am going to start this years spending fast on May 1st. At the end, put the money you saved in savings or use it to pay down debt. The goal is to buy only the necessities like food.

No purchases like cute home decor or books or entertainment. You will really discover your needs vs. wants. Some ideas to help:

  • Eat from your pantry
  • Stay out of stores you tend to make impulse purchases
  • Only run errands once a week
  • If you see something you think would be really helpful to you, write it on a list to buy next month. See if you still feel this way next month.
  • Barter/trade/borrow

If you want to join me, let me know in the comments.

7 Comments

  • Niki says:

    Oooh, this sounds fun! I want to join and blog about this too!

    🙂

  • Jen says:

    Going on a 30-day spending fast is one of my “101 things to do in 1001 days”. Unfortunately, May contains a number of family birthdays and dinners out, so I won’t be able to do May. I might shoot for June, though!

  • Christine says:

    A 30-day spending fast sounds great. I started couponing and frugal living for about 4 months and doing great. Wish I started years’ ago. Oh well, better late then never. I have a birthday gift to buy for May. I’ll buy something before this month ends. I have been trying to only buy necessities but its been hard. I will definitely try to not spend anything next month but needed items such as food, etc. Thank for the help.

    Frugal Living,
    Christine

  • Sarah Chia says:

    I’m in… Now if I can convince my husband to join!

  • Beth, I LOVED when you did this the first year.

    Some other things to do:

    No online purchases – this is where I saved MAJOR MONEY 🙂
    No magazines
    Car pool
    Eat from your freezer (what I’m doing this week to avoid buying food before our holiday)

  • Michelle says:

    Hello, Beth

    I think I’ll join you again this year. I’ve actually been doing this for the past month already. There will be a few exceptions – May is the month for buying summer flowers for the balcony, but I’ll set a budget for that purchase.

    Looking forward to hearing other people’s ideas and experiences.

    Blessings today,
    Michelle

  • Cool blog. I think I’ll check you guys out from time to time!

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