Your Fiscal Cliff

We have all heard a lot recently about the "fiscal cliff" that the government is facing and how it may affect all of us in the pocketbook with potentially new taxes and reduced benefits. While there is not much that  we can do to avert that crisis, there is something that you can do to try to avoid your own personal fiscal cliff or at least save a few dollars..

Let's face it, many of us spend too much every day on personal items that we don't really need.  We buy fancy lattes and eat expensive lunches and dinners. The New York Times recently ran a small article that struck me as a way to save some of that money. What if one day a week, you would not spend any money? I mean absolutely no money out of pocket.  Sure, you have to pay your bills, but what I am suggesting is that for one day each week, you reduce your discretionary spending to ZERO.

If you do that for one day a week for an entire year, I think you will be surprised how much money you will have saved.  And it is relatively painless.  For six days a week, you can follow your usual spending habits.  So long as you do not increase your spending on those other six days, you may be safe from your own fiscal cliff.

Try it.  Who knows, maybe next year you will want to do it for two days a week. Good luck.