Fast From Something

One thing we are "fasting" from is only eating out once a week during the week and once on the weekend. Occasionally we splurge but we do try stick to it for the most part. We need to take Joseph's advice and put that money directly into a our savings.

Great info from Josheph Sangl. Check him out here.

Here’s a savings tip that can be a lot of fun and a serious challenge if taken seriously – Go on a spending fast and give or save the difference.

It’s a simple concept. Stop spending money on a specific item for period of time, and deposit the money that would have been spent on that item into savings or give that money away.

Here are some examples:
■Stop buying soda (or pop or Coke or whatever you call it) and redirect the money to savings
■Refuse to purchase any new clothes for an entire year and redirect the money to savings
■Eliminate the daily $4 coffee drinks (gasp!) and redirect the money to savings
■Park the car and ride a bike to work for a month and redirect the money to savings

A young lady I met a year ago embarked on a journey just like this. Her name is Sarah, and she resolved to “not buy anything new for 365 days.” Her year-long quest began on March 21, 2011, and she is about to finish her journey. On March 21, I will be posting the blog post that I asked her to write. You won’t want to miss it.

QUESTION: What will you choose to go on a spending fast for? What will you do with the money that would normally have been spent on that item?