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Archives for July 2013

The 7-Day Buy Nothing Challenge: Day 5

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Motivated by an eagerness to curtail wasteful spending and take control of my budget, I started "The 7-Day Buy Nothing Challenge."

Motivated by an eagerness to curtail wasteful spending and take control of my budget, I started “The 7-Day Buy Nothing Challenge.” Five days have passed since I plunged into credit, debit, and cash darkness. My wallet is empty, as I prevent any spending and stay accountable.

Today I received a surprise text message from old friends from Colorado. They were driving through the Midwest and wanted to catch up. Because of this week-long experiment, I couldn’t take them out to eat. Before I could explain, they offered to treat. Suddenly, rejuvenated, I knew I could make it.

Stepping Up To Spend

My girlfriend has repeatedly mentioned that if she treated for a meal or bought groceries, it would essentially be cheating. She’s right, too. If I couldn’t make it on my own, but allowed her to help, I would be defeating the purpose of this challenge.

Throughout the journey, she’s been interested in helping. Without a doubt, it comes from a wonderful place. But she also wants to support me in following this goal. The latter has won out, thankfully.

Then, my friends from Colorado came into the picture. They stepped up, treated from a kind-hearted place, and gave me the leftovers. In a way, it feels like I’m cheating. But, sometimes there are unexpected windfalls and surprises in life. I’ll roll with this one.

Stuck With Staples

Frankly, I planned inadequately with my food storage. As I mentioned in past articles, I’m low on fresh fruits and vegetables. I’ve been sticking to staples like rice, beans, spaghetti, and turkey sandwiches.

Next time I try this little experiment, I’ll plan for more diverse food options and meals. When variety is hampered by food shortages, there’s an increasing desire for more, different. As I walk and take buses, passing nearby restaurants, my mouth seems to salivate to imagined meals.

For Those With Less

I’ve never been impoverished. I didn’t grow up in a ghetto, low-income household, or economically-disadvantaged upbringing. Now, even with nearly $40,000 in debt, I don’t necessarily see the effects of this financial conundrum. I’m in a privileged position that enables me to potentially delay financial concerns, but I’m done with debt. I want out.

This experiment has helped me develop a greater empathy to those who suddenly run out of money and must make do with what’s left. Whether it’s accurate or fair, I suddenly empathize with the struggle that arises when budgets are crimped.

Day 5: $0 spent.

Stay tuned for tomorrow’s report and follow along!

Read the Entire Series: Day 0 | 1 | 2 | 3 | 4 | 5 | 6 | 7

Filed Under: Make Money Tagged With: buy nothing

The 7-Day Buy Nothing Challenge: Day 4

By Frugaling 6 Comments

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The 7-Day Buy Nothing Challenge: Day 4

Read the Entire Series: Day 0 | 1 | 2 | 3 | 4 | 5 | 6 | 7

Four days of frugal living are complete! Amidst the sweltering heat of the Midwest summer and dwindling food supplies, I continue to spend $0 per day. My Mint.com account continues to show zero transactions and my monthly budget is quite happy with me. I’m well on my way to completing, “The 7-Day Buy Nothing Challenge.”

Throughout the day I participated in medical research studies and wrote for a variety of online sites. I took a free, local bus and walked everywhere. Ironically, I found $0.50 while walking. It pays to be frugal.

Coffee Shop Temptation

I popped over to a local coffee shop with my girlfriend. She was eager to enjoy an iced coffee on this sweltering day. I tagged along for the ride, but soon wondered what I’d do once I got there. 

It’s genuinely awkward walking into a business and not buying something. There are scripts that people seem to follow – engrained in our society. Once you enter a place of business, you follow a line to a counter and hand over a payment. Instead, I grabbed a cozy spot to work, write, and talk.

I was tempted to bargain with the cashier to get a coffee or pastry. Funny how quickly my mind jumped to negotiation and convincing. In the end, I bought nothing and felt better for it.

Meaningful Moments

I chose an open, colorful picture to begin this article because that’s what truly matters. Meaning isn’t found within a shopping mall or theme park. It isn’t in the impulse purchase or empty calories. The important moments surround us.

These have been the most productive writing and reading days I’ve ever had. A variety of articles will be published this week and next, and I’ve truly enjoyed the creativity that has resulted. Somehow, by not rushing to spend, I found more time to reflect and write. I want this more often.

Risky Relapse, Spend

Many commenters on Reddit have criticized me for not buying food or other staple necessities while on this spending cleanse. For the most part, I completely agree that I wouldn’t be able to maintain this lifestyle much longer without some resupply. But, I really did want to get down to zero – true zero.

While not a complete lifestyle shift, the Buy Nothing Challenge is/was meant to be a brief experiment, foray to learn where my money was going; more importantly, where it shouldn’t go. Some people have argued that this significant purge can result in a relapse to heavy spending upon completion.

I can’t predict my feelings after the adventure, but I’ll keep you posted if these nefarious effects kick in.

Day 4: $0 spent.

Stay tuned for tomorrow’s report and follow along!

Read the Entire Series: Day 0 | 1 | 2 | 3 | 4 | 5 | 6 | 7

Filed Under: Make Money Tagged With: buy nothing

New Article at PTMoney.com: Privacy v. Frugality

By Frugaling Leave a Comment

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My third article was just published on PTMoney.com. This latest post is on the debate over privacy versus frugality. What privacy sacrifices do you make to stay frugal?

This site, PTMoney.com, was founded by Philip “PT” Taylor in 2007. His blog and financial pursuits led him to found FinCon (“A peer conference for the financial blogging community”). Now, his website attracts 350,000 pageviews per month.

Please comment, click, and share widely!

-S.

 

 

Filed Under: Make Money Tagged With: Article

Addicted To Air Conditioning?

By Frugaling 10 Comments

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Air conditioning is one of the most expensive utilities to run. Oftentimes, air conditioning is run throughout the day. Rarely does the buzz cease.

The Heat Is On

Outside my apartment, I hear air conditioning buzzing along, dripping condensation on the concrete walkway. Neighbors are pumping the cool air at high volume. These popular window units line my housing complex, and some never cease to hum.

It’ll reach about 88 degrees today in the Midwest. The heat is paired with a jarring humidity. For some, the moisture in the air can feel heavy and burdensome; others, like me, prefer it to the dry climate of places like Colorado. My skin feels healthier and more vibrant in the humidity. But the reality is that it can lead to hefty beads of sweat traveling circuitously down foreheads, backs, and weighing down clothing.

Climate Control

Because of this inconvenience, many people blast their air conditioning. Office spaces, hotels, and movie theaters can be notorious for their abundant air. The climate control aims to keep people in work clothes, comfortable.

Strangely enough, this refusal and resistance to acclimatize with seasonal changes hampers your body’s ability to adjust to the heat. Our body needs time to get used to the winter and summer, but when we blast the heat or air conditioning, we actually prevent our body from self-regulating properly.

Staying Frugal

Amidst the biological considerations of this hearty air conditioning consumption are the consequences to your frugal goals. Air conditioning is one of the most expensive utilities to run. Oftentimes, air conditioning is run throughout the day. Rarely does the buzz cease.

The coolest points in the day are at night and early morning; yet, people that run air conditioning keep the windows closed – keeping the world out. It’s hard to even realize that you may not need the climate control when the windows are shut.

Critical consumption starts at home with basic utilities. Sweat is natural; albeit, sometimes uncomfortable. But turning off/down your air conditioning can make powerful financial implications over time, and benefit the environment, too!

How often do you use air conditioning? Do you wait to turn it on until a certain point in the summer? How much could you save by turning it off?

Filed Under: Make Money Tagged With: air condition, air conditioning

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