Sunday, May 16, 2010

Zero Dollar Day

When was the last day you spent no money whatsoever? 

A great technique for saving cash- simply don't spend it.  I know this sounds crazy but it works.  I have used this technique with great success to exceed my savings targets within my already tight budget.  Try it for yourself.


Schedule your first Zero Dollar Day sometime during the next seven days.  Prepare by scheduling it for a day which you have no planned expenses.  Complete any required spending prior to that day (filling the vehicle with fuel, groceries etc).  Do not "stock up on spending" though :)


Now go the entire day without spending a dime.  It's not as easy as it sounds when that coffee or candy temptation presents.  Once you have completed the day successfully (if you slip simply schedule another) plan your next Zero Dollar Day within the next 4 days.  Repeat this process as often as you can. 


It becomes addictive.


Once you have forced yourself to not spend money, the realization that you can live without certain things will present itself.  From here you can begin trimming the budget even further.  End result- wealth you didn't even consider before.


Did you really need that Timmy's coffee after all?



Cheers
WBC

1 comments:

J Smith said...

I've done this myself. It does help identify items you think are important, but just waste money.

Thanks!

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