In the June issue of Success Magazine there is an article which poses the question: can you spend money only on essentials for one month? As written in the table of contents “No fancy coffee. No new clothes. No eating out. Nothing fun. Do you have the self-discipline to go a month without spending money on unnecessary items?” Wow…nothing fun?
I honestly don’t know if I have that kind of self-discipline. Thinking about it, here is what I come up with as “necessary”: basic food for me and my cats, prescriptions, soap and toilet paper, mortgage, utilities, gasoline for commuting to work, and my church offering. So that would mean for me foregoing my weekly dinner out with friends; three takeout coffees per day-black, no sugar; no purchased snacks during the day; no comic books, movies, or Amazon Prime video rentals; no impulse purchases; and so on. I admit that while I don’t buy a lot of new clothes (hardly any unless something wears out, in fact) and other household items, I also don’t pay a lot attention to my “nickel and dime” expenses. As an aside, that is clearly an outdated phrase!
I’m honestly not prepared to go a whole month on a no-spending spree. I will though commit to keeping detailed track of my expenses for a week beginning when I wake up tomorrow. Care to join me?