Emperor's New Clothes (pledge)

Friday, 25 August 2006 @ 11:54pm by Kathleen Bright

1 August 2006 – 1 August 2007 : I am buying no clothes for a year.

Since I graduated, I've been enjoying earning more money than ever before in my life and a significant part of that was buying new clothes. In returning to student life, I return to frugal & thrifty living.

Of course, there are some small exceptions (for example, I'm obliged to buy uniform twice a year for work), but, in the main, no retail therapy!

There are numerous excellent reasons for this:

Being rich is not only about making money, it's also about saving it
Balance is an important aspect of life – having splurged, I'm now er… de-splurging
I'm re-aligning my actions with my aims; I will still be spending money, but instead of spending it on liabiities & other products that depreciate, I'm investing in myself & spending on other assets. For example, spending money on books, thus contributing to my knowledge & personal development

Worth doing? Not? Let me know what you think, along with any additional reasons for doing this – it won't be easy, so all varieties of motivational support very welcome!