WHAT IS MONEY FASTING™
Money: [ muhn-ee ] Noun
any circulating medium of exchange, including coins, paper money, and demand deposits.
gold, silver, or other metal in pieces of convenient form stamped by public authority and issued as a medium of exchange and measure of value.
a particular form or denomination of currency.
Fasting: [ fa stuhng ] Noun
an abstinence from food, or a limiting of one's food, especially when voluntary and as a religious observance; fasting.
a day or period of fasting.
the act or practice of abstaining from or eating very little food.
a period of such abstention or self-denial.
Money Fasting™: [ muhn-ee fa stuhng ] Noun
a thoughtful, intentional, abstinence of spending money when you otherwise could or desire to.
THE DIFFERENCE BETWEEN SAVING MONEY AND MONEY FASTING™
There are plenty of people that save money because they make more money than they need to run their lives day to day. Money Fasting™ is a thoughtful, intentional, abstinence of spending money when you otherwise could or desire to. The results are the same but the mindset is what’s different. You are making a conscious choice to control and alter your spending.
The power of control, the power of choice, and the power of resisting momentary urges has many benefits. You, and only you, control what your money is spent on. There are plenty of costs like utilities, rent, mortgages, car payments, phone bills, etc you have seemingly little choice or control over. Meals, eating out, food in general, recreational activities, subscriptions, vacations, shopping, clothes, shoes, etc. you have plenty of control over.
HOW TO USE MONEY FASTING™
We introduce the concept of Money Fasting™ here as a method to begin saving for retirement or increasing retirement savings. There are many other potential applications for Money Fasting™:
Higher education for yourself and your children (if applicable)
Helping others less fortunate than you
Donations to charities
Contributions to your church
Down payment for purchasing a home or paying a mortgage off early
Down payment for purchasing a car or paying a car loan off early
Many, many, more.
Money Fasting™ is a movement. Spread the word and help others who need to hear this message. Join our Money Fasting™ community.
Tell your friends you are going on a Money Fast™