5 Benefits of Being on a Spending Fast

benefits of being on a spending fast

This post is by Chelsea who is currently doing a Spending Fast®. 

Being on a Spending Fast can seem like such a drag! Since starting my third month of no spending, I have realized that being on this Spending Fast is actually awesome! I know what you are thinking, just hear me out. Obviously I wish that I didn’t have debt and could buy anything that I wanted. Instead, I have found that while on this year-long adventure, I have been able to do some really cool, unexpected things…for free!

Since my boyfriend and I aren’t going out on the town like we used to, I have become a little creative with my time.

The Benefits to Being on a Spending Fast…

1. There is now time to do your nails.

When is the last time you sat down and gave yourself a manicure? I’m not talking a quick dash of nail polish (although that is an accomplishment most days). I’m referring to soaking your hands, removing cuticles, filing, etc. I find it to be a real treat.

2. More time to walk the dog/child!

I don’t have any children so I am going to focus on walking my dog. I have, however, recently encountered a woman walking her toddler and it is adorable. Instead of taking Xena (my bulldog) on a 15 minute walk, I have had time to relax and make it more extensive. She loves the smells and I love the fact she goes to sleep instantly when we get home. Win, win.

3. Spring cleaning is an actual possibility!

I usually dig through my wardrobe once Spring hit and would donate my unused clothes, but I hardly do an effective “spring cleaning.” Last weekend I started my Spring cleaning efforts. The results were a huge stack of clothes and DVDs that I can list online to sell. I have much more of the house to de-clutter and clean and I am so anxious and excited to uncover those money-making possibilities.

4. Making smarter financial choices is starting to become natural.

Before the Spending Fast I would think I was smart with my money because I didn’t go shopping or buy expensive things. The reality is that I was eating out multiple times a week and wasting tons of money (and calories) on soda and snacks. Now those things aren’t options and I have more money left at the end of my budget. My most recent example is that my boyfriend and I had picked out a new apartment to move into in August. The rent was going to be higher by about $300 a month AND there was going to be no washer/dryer hook ups. I own a washer and a dryer so worrying about storing them for a year and paying laundry fees was something I considered. How idiotic! After sucking up my pride, I suggested we stay where we are. Our current duplex is great and with a little TLC, I can make our place feel more welcoming. It wasn’t something that I wanted to do initially, but it made a whole lot more sense in the long run financially.

5. Creativity starts showing up, out of necessity.

Since we have decided to stay in our current place, I am focusing on making it lovely. The problem with decorating a house is that it costs lots of moolah. I got a crazy idea and have been putting want ads on Craigslist for various household items. I do not have a mirror in my bedroom and the bathroom mirror is warped. It is a constant source of frustration but mirrors can be extremely expensive. I posted an ad asking if anyone would be willing to donate a full length mirror to help me with my Spending Fast venture. A really nice man responded within the first day. I met him following day (in a very public place) and picked up the mirrors. They are huge and wonderful! I brought them home, sanded them down and spray painted a nice metallic copper color on the frames. They are gorgeous and the best part is that they were free! Nice people still exist!

 

 

What are some things that you have enjoyed while consciously saving money?

Chelsea Overton is in the midst of a Spending Fast® and writes about it from Ohio with her boyfriend and bulldog, Xena the Warrior Princess, by her side. 

P.S. Ready to get out of debt ASAP? Check out the Spending Fast Bootcamp!

27 comments

27 thoughts on “5 Benefits of Being on a Spending Fast

Leave a Reply

Your email address will not be published. Required fields are marked *

  1. Vicki

    Hi Chelsea, you should also see if you have a freecycle group in your area. I use it regularly and have been able to get rid of a lot of stuff but also GET alot of stuff, from an exercise machine to a love seat to a tv. Its definitely worth taking a look into. Keep up the good work!

    Reply
    1. Chelsea Overton Post author

      Hi Vicki!
      I actually have been using Freecycle for awhile but since moving to Ohio I haven’t had much luck. It may be because the area is smaller but overall Freecycle is a GREAT resource. Thanks for suggesting that!!!

      Thanks for the encouragement!
      -Chelsea

      Reply
  2. Kate

    Does anyone have any recomendations for where to sell DVDs online? I have TONS that i haven’t watched in ages and could totally unload some of them for cash!

    Reply
    1. Chelsea Overton Post author

      Hi Kate,
      I have sold a lot of my CDs on eBay. I actually make more money selling them on eBay vs. selling on Craigslist. Mel’s suggestion is great to. I haven’t personally used Half.com but many of my friends have and they have positive experiences. Good luck!

      -Chelsea

      Reply
      1. Kate P

        Thanks for the suggestions guys!! I just threw a bunch up on half.com (i can’t believe how little they’re selling for over there, remember when dvd’s were like $20 each? oh the money i wasted…) and I guess we’ll see what happens!

        It seems a big simpler to list on half.com vs listing them on ebay, since you don’t have to worry about the photos etc. I’ll let you know how it goes!

        Reply
  3. Tzippora Leah

    Im new here. I decided to go on a Spending Fat for the next two months so I could pay for my ticket to Israel. I’m nervous but excited! Today I got Advil and Oatmeal for FREE from my Ralph’s coupons. This will take time to get used to but with the great support here I think I can do it. Thank you!!!

    Reply
    1. Chelsea Overton Post author

      Welcome Tzippora!
      I am so excited to hear that you are joining the fun and starting a Spending Fast. Israel sounds like it is going to be a great trip! It is going to be so rewarding to pay for the trip and not have to worry about paying it off later. Free Advil and Oatmeal sounds like a score! Today I was offered a free Ginger Ale! You can do this! This is a perfect website to visit if you ever need some motivation. Keep it up! Good luck!

      -Chelsea

      Reply
  4. Kimmy @ AfterGlobe

    My husband and I are also working on getting out of debt. With not going out all of the time, we have so much more time on our hands. I love it and look forward to just going home each night after work. Keep up the good work!

    Reply
  5. Natalie

    Amen!

    My mister and I have been doing the spending diet/budget for the past 2 months and we’re finding we have so much more free time because we’re not out spending money. Weird, but true! We’ve been taking our dog out for long walks everyday now which has been an amazing consequence :)

    Reply
    1. Chelsea Overton Post author

      Natalie,
      I found it super surprising and weird having so much free time as well! Definitely not expecting it. My pup is a bulldog and a little on the chubby side so the extra time walking is definitely doing some good for her. I am also enjoying it because it lets us bond a little more. So glad you’re enjoying it.

      -Chelsea

      Reply
  6. Jessica

    You should send that nice man a link to this article! He will see how much enjoyment you are getting out of the mirrors :)

    PS – Love the new guest posts Chelsea and always great stuff Anna!

    Spend-thrifty love from South Korea

    Reply
  7. Anna Banana

    Doing nails is at the top of my ”free” things to do! I’m going to find videos to learn how to make awesome designs, since that’s always my favorite part of getting a mani pedi. :) Your posts are great!

    Reply
  8. Alicia

    Hi Chelsea and Anna!

    I love this post. Thank you! I’ve been trying to get my boyfriend to participate in a spending fast with me for the last year, but he thinks it’s a waste of time. For instance, he thinks it’s worth the money to eat out rather than cook because he really dislikes preparing meals. We both live outside of our means and it’s difficult for me to explain to him why he might benefit from participating. Any suggestions for making a spending fast sound more fun to a man?

    Reply
    1. Sue

      You could cook meals for him, some that are a little different, more interesting than basic stuff…….and he will see how much fun it is to enjoy great food at home…..I know that is a lot more work for you, but you can save money and try new recipes! Our meal planning is based upon what is on sale that week. Makes for some great new dishes!!!1

      Reply
  9. Pingback: Links Worth Sharing - Week of April 6, 2013 - Simply Frugal

Leave a Reply

Your email address will not be published. Required fields are marked *