In this episode of The Naked Party Time Podcast, Jeff and Sabrina talk about the what, why, and how of a spending fast, and extend a challenge for all the listeners to join them on a spending fast, starting on October 1st.
If you want to join the spending fast challenge you need to commit to at least 30 days, and sign up before October 1st by emailing your Facebook name to email@example.com. If you’re married, and your spouse is doing the fast with you, let us know their name as well.
We answer a listener question in this episode about politics: My question is a little odd and almost embarrassing to even ask but here we go. Politics is tearing my family apart to the point where family members are willing to not associate with other family members because they vote/believe something different than they do. Each day more hate is shown towards each other over something so silly. My question is how would you manage this issue being in the middle of it? It seems no matter what is said it doesn’t make a difference. It’s overwhelming, to say the least. Thanks in advance!
1. What is a spending fast?
A spending fast is choosing to not spend money for a specific amount of time for a specific goal or reason.
2. Why do a spending fast?
If you don’t know your why you will give up very quickly!
Maybe you’re going to pay down debt, save for a big purchase, go on a vacation, get ready for Christmas or just practice the good discipline of not spending.
3. How do you do a spending fast?
Choose what areas of spending you are going to stop and then put everything you save toward your why. Obviously, you need to keep paying your bills and for your necessities (mortgage, utilities, groceries, insurance, debt payments, etc.).
4. What did we learn?
A. How freely we spend money on crap we don’t need!
B. Delayed gratification works. Things we thought we wanted to spend on in January we didn’t even think about or remember wanting when we were done.
C. Amazon Prime is a trap! (We continue to have it and use it, but man, it is so easy to buy something just because you get that “free” 2-day shipping.)
D. The realization of how important it is to have savings.
So, here’s our challenge: A two-month spending fast starting on October 1st and going through the end of November. (To be included in our challenge you have to choose to do the fast for at least 30 days) If you join the challenge you’ll be added to a private Facebook group with us. You’ll receive three updates in the group each week (Monday, Wednesday, and Friday), including one Facebook Live video with us each week. The updates might be a word of encouragement, a tip, a suggestion, a tool, etc. Plus you’ll be in an online community where you will receive support, accountability, and encouragement.
To sign up for the challenge, email your Facebook name to firstname.lastname@example.org Tell us if you’re married or not, and if you are and your spouse is joining you, make sure we know both of your names.
Episode 003: I don’t want to go back to normal because normal wasn’t working. (Part 2) http://22.214.171.124/episode-003-i-dont-want-to-go-back-to-normal-because-normal-wasnt-working-part-2/