Should You Do A Spending Freeze? (Plus Tips For Doing One The Right Way!)

should you do a spending freeze

Curious if your family could benefit from a spending freeze?  There are a few questions you should answer:

  • Are you struggling with overspending right now?
  • Do you wish you had more money in the bank?
  • Do you not have $1,000 in your emergency fund today?

If you answered yes to any of these questions then you should consider doing a spending freeze to get you back on track.

A spending freeze is great because it forces you to stop mindlessly spending and actually focus on what your goals are.  The best part about spending freezes is that they are completely customizable.  You can easily make them for as long or as short to fit your needs.  Plus there are some rules you need in place BEFORE starting your spending freeze to help you ease into it nicely and recover from it effectively.

In today’s video I’m sharing if you should do a spending freeze and tips for doing it the right way (with ways to get prepared fast and easily).  You can watch the video online or down below:

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Resources mentioned in this video:

Why You Should Consider A No Eating Out Challenge

How To Save $1,000 Fast

How We Cut $14,000 From Our Budget Last Year

Ready to get your emergency fund fully stocked?  Well grab our 6-Month Emergency Fund Savings Plan to help you conquer your rainy day fund once and for all!

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Meredith Rines, MBA, CFP®, a budget and financial strategist helping families pay off debt and live the life they've always wanted.