Friday, August 22, 2014

Buy nothing year

A couple of roommates, Geoffrey and Julie, decided to buy nothing for a whole year - just put money into savings.  They got a lot of attention for it, even became a "national news sensation."

What had to go?  Well, hair appointments.  Julie had been spending $1000/year on her hair, Geoffrey $150/month.  The other big thing was going out to restaurants and coffee shops.

Julie says, "I used to constantly want things — more, better, nicer and cheaper. I haven’t done that in a year, so my life is richer."

Geoff saved over $40k in his year, and he intends to keep on saving a lot of his paycheck.  "If I save enough, I can look at other career paths not focused on money because I have this huge buffer and I’ve learned how to live on a lot less, which is a skill that will serve me for the rest of my life."

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