Where Does Your Money Go/Grow?
One of my favorite blogs, Down To Earth, is promoting a "No Spend Week", in which hubby and I are going to participate. Since yesterday was our once a month big grocery shopping trip, we're off to a good start to begin this endeavor tomorrow. What is a no spend week? Silly, it means you don't spend any money for a whole week! Why would anyone not want to spend money for a whole week? To drive home how much money a person/family can spend unconsciously/deliberately without much planning. The current economic situation has been partly a result of reckless spending. As Cindy at "Letters From Midlife" finds a cure for 'stuff-itis' (the awful habit of collecting too much STUFF), have you given much thought to your spending habits on stuff? (I have been weeding out closets for the past few years and donating stuff to local charities, or helping my adult children have needed items as they leave home). I think most families can (out of necessity) trim their spending habits and get themselves out of debt. Bad habits are easy to pick up and hard to break. Are you up to the challenge of a no spend week? Would you be willing to divvy up your money each payday and use an 'envelope system' to help develop good spending habits. Remember, sometimes less is more. We used this system years ago when our children were young. It was a great tool to teach them how delaying the purchase of an item and waiting until you had enough money saved is necessary to stay out of debt.