Cold Turkey - spending wise?

Sallyp2

have you ever gone cold turkey on your spending?

i have been watching "spendaholics" on you tube. The episodes are from 2008 to 2010/11. The cold turkey week seemed a great challenge.

the cold turkey week was all spending, including food, for a week - spent using cash only. Typically the challenge is 20-25% of the previously high average. So if weekly spend was £300, cold turkey would be £50.

Cold turkey really focused people on what they spent, where and when!

Jemma01

That's interesting, I'll probably YouTube it lol

I've not followed a concept like that before, where spending is normal, and one week it's ultra sharp thin! I've gone to the extremes of only spending what I really need, and done that for a while when targeting my debt. But it's a totally different mindset. I'll probably try it once I'm debt free. It's good to remind yourself every now and then of the power of holding back, as long as the following week is not 600 😆, it better be the same average as the week before

weenancyinAmerica

Does it count as going cold turkey when your spendable income is under $10 a month anyway? When I set up money pots, it's just change in each of them. I have to save up to go visit a charity shop to buy clothes. Some people on here used to have spend-free weeks (or months) when they went "black belt" into saving. Fortunately I'm retired now, so not a lot of spending has been necessary but every month seems like it is black belt time.

Sallyp2

https://forums.moneysavingexpert.com/discussion/comment/81989617#Comment_81989617

i think so

a spend free week sounds old school - but things are way more expensive now compared to 2008-10