I’ve had some experience with financial fasting. Every January since 2010, I recover from the holidays and birthday parties by going a month without any unnecessary spending. This has allowed me to build an emergency fund, 6 months expenses and start saving for my son’s education. As the saying goes, it’s not how much money you make that matters, it’s what you keep.
First things first, a budget is necessary for this challenge. Why? I’m glad you asked. Every dollar that comes into [...]