So Nancy Zimmerman called me out on whether I had managed to not spend any money this past Friday,and I had to admit that I did in fact buy something on Black Friday (but it wasn’t anything big, I think it was groceries). I felt ashamed that I (i) didn’t know of the Buy Nothing Day on Black Friday and (ii) I cannot remember the last day I did not spend money, or buy something.
In my younger days at University I spent weeks where I attempted not to spend a dime (that is ten cents for you younger folks who may not know what the term means). Once I had purchased my needed groceries I would not spend for the entire week, if possible, and then reward myself with a breakfast at Smitty’s Pancake House in the Westmount Square Mall (it’s no longer there I am sad to say).
These days, if I can keep my spending below $50 for most days I think I am doing not too badly, but do I really need to spend that much money? That is a good question, let’s think about what I cannot ignore:
- Mortgage Payments and utilities, I suppose I could ignore these, but then things would get a lot colder in my tent.
- Groceries and food for my family, they might get a little irate on that one too
- My major expense is (being a Canadian) Taxes and if you amortize my Income tax payments over each day, I spend well over $5 a day just on that (rough estimate), and I can’t not pay that one.
- Luckily I don’t have any major medical expenses that must be dealt with.
Pretty much everything else can at least be postponed, if not completely removed from my spending habits, with varying degrees of pain to your lifestyle (of course).
What Can You Do?
Here is an interesting challenge to my readers: Can you go a day (or more) without spending any money at all? If you can leave me a comment outlining how this is possible, I will attempt to sift through them and make another post based on these comments.
Oh and Nancy can be found on Twitter at Money Coach as well.