GLOSS Issue 20 FEB 2015 - Page 39

from spending then why not try it? Decide not to consume anything new for 30 days. make-up, books, stationery (another tough one) or any other ‘stuff’. What it does is forces me to become a conscious consumer for a month and breaks me of the habit of spending simply because I can. For many of us, a lot of money flew out of our bank accounts over the Christmas holiday period, whether it was on presents, food, entertainment, holidays, entertaining little ones, back to school stuff and of course the January sales. As a result many of our credit card balances are perhaps a little fatter than they should be and are due for a detox! So if you suspect there is a whole lot of money being spent on a whole lot you don’t need or if, like me, you just need to give yourself a break In Australia we have something called Febfast so you could even sign up and make this your challenge and do something positive for charity at the same time. If you decide to commit to a financial detox, I strongly encourage you to include your partner, your friends, your family or your kids and educate them on why you’re doing it. This means you’re not only setting up great habits for you but also for your family and friends and helping to make them conscious consumers too. Besides, if your friendship group are all doing this – it’s going to make it a whole lot easier for you too. Perhaps you could have time each week that you talk about what you’ve learned about your spending habits and how you might change things when the Fast is over. If you decide to give this ago then let me know at or via twitter @melbrowne_ and let’s do this together. So what do you have to lose? 30 days with no spending. It might just be the financial cleanse that you need in order to meet your financial goals and set yourself up for a great 2015. I challenge you to set a date or start on 1 February in line with Febfast and make this the year that you take back control over your finances.