NerdWallet: Lessons from a month-long ‘spending fast’

This article is reprinted by permission from NerdWallet.

The first time I organized a monthlong “spending fast” with readers, I thought the point was to avoid unnecessary purchases and save money. That happened, but so did a whole lot more.

Spending fasts, if you’re not familiar with the term, are when people temporarily halt nonessential expenditures. Each person gets to choose what’s essential and what’s not. Many people avoid eating out, stay away from recreational shopping and look for free entertainment options. Some people avoid unnecessary travel or vow to buy only perishables such as fruit, milk and bread.

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