Oct
9
2009
Saving you money for life tip: Don’t spend any money for one day!
Author: Denise ManciniHave you ever gone a day without spending ANY money? Financial expert, Suze Orman, challenged her fans to go an entire day without spending a dime, and now we’d like to challenge you too!
Her three step challenge went like this:
- Go an entire day without spending ANY money
- Go a week without using credit cards
- Go a month without eating at restaurants
Is this challenge unimaginable or just hard to hear? Check out how to achieve each step of the challenge below:
Step 1: Go an entire day without spending ANY money – Instead of buying coffee in the morning, getting a midday snack out of a vending machine and going out for lunch; opt to bring your own coffee and food from home. It will not only likely be healthier, but it will save you time throughout your work day. Think about how great it’ll be to have some extra cash in your pocket at the end of the week!
Step 2: Go a week without using credit cards – Not using a credit card means not spending money you don’t have, avoiding additional interest payments and dodging impulse spending. Did you ever think that if you waited to buy an item, you may not even want it anymore? Your credit card statement will be much easier to look at if you follow this step.
Step 3: Go a month without eating at restaurants – This one may be the hardest step to follow, but your financial situation will benefit the most from it. It will teach you to price grocery store items, eat healthier and appreciate time at home. By following this step, you’ll save an unprecedented amount of money!
At AccuQuote, we hope you’ll follow Suze Orman’s challenge. And, if you’re in the market for term life insurance, we hope you’ll trust us to help you find affordable life insurance that fits your family’s budget. Remember, we compare life insurance rates among the best life insurance companies.
For more, read 9 Small Financial Steps That Will Pay Off Big in the Future.
October 23rd, 2009 at 1:12 pm
The three step challenge you got is something nice everyone should try. In addition to the step one, if you are planning to go out you can also grab a bite first before leaving the house so you dont have to buy outside and to that effect you will not feel tired right away and crave for something you can munch while shopping. There was a saying that “when it rains it pours” but rain doesnt come everyday so you need to save for use at a later time…The 3 step is a must try…
November 3rd, 2009 at 1:17 pm
Great addition to step one! I learned to eat before going grocery shopping so I won’t buy things on impulse just because I’m hungry.