The spending moratorium that I argued against but was persuaded by readers to embrace starts Wednesday. Thanks, guys! But seriously, I think this will be an interesting experiment in saying no to discretionary purchases.
To prepare myself I am:
- buying toiletries like deodorant (I ran out and used an extra of Hubby’s. It’s no fun smelling like a man.)
- filling up my tank (getting through the month on one tank in LA will be a stretch)
- treating myself to a salon treatment with the extra cash I have this month
For those of you who think my spending moratorium is hurting the economy (there were 6 of you at last count), I encourage you to spend more in July to make up for my cutbacks. And please, let me know what you buy! I’ll include it in my regular updates about the moratorium.
If you are joining me on the moratorium, please email me!
Ground rules for my spending moratorium:
Allowed purchases include rent, one tank of gas, groceries, utilities, my Internet and cell phone bill. My automatic monthly savings withdrawal remains unchanged.
Business expenses, such as flyers or postage, are allowed.
During the moratorium I’m allowed to use any gift cards I have currently have in my possession (either previously purchased or received as gifts).
I’m allowed to receive gifts as long as they are a true gift and not a way around the moratorium. In other words, I’m not going to ask my friends to pay for me during the moratorium in exchange for paying them back come August.