Friday, January 15, 2010
21 days without spending money
Think you've got financial discipline? Could you go 21 days without spending a dime on anything besides necessities (and I mean real necessities, I-really-need-these-shoes necessities)?
That's a challenge personal finance columnist Michelle Singletary is issuing to her readers in promotion of her new book. I've done this kind of challenge before myself, although more out of necessity than trying to see how strict I could be on myself. It reminds me of what my friend The Frugalista did a couple years back that gave birth to her blog.
It's an interesting experience and definitely the kind of thing that builds a certain level of character. Most of us don't realize how much money we're wasting unless we stop spending altogether and look at how much money we have left over. This is also the kind of thing that can help you with making a decent budget and with shedding your credit card debt. Once you realize how disciplined you can be with your disposable cash -- and indeed that you actually have disposable cash -- you can start putting it toward the balances you have on your cards.
So how many of you are willing to try Michelle Singletary's
21-day challenge? If you do it, let me know how it's going.