Spending Freeze Challenge

woman with money

I don’t know about you, but I don’t have an unlimited supply of cash. Or, as my grandmother used to say, there are no money trees in my yard. Despite the lack of money trees, I love having financial freedom, which means I must “watch my coins”. I can think of no better way to “watch my coins” than implementing a spending freeze. Last night I invited one of my daughters and her friend to participate with me. This morning I woke up and decided I wanted to invite you all to participate! If you are down for a great challenge, join us.

Here are the guidelines (I don’t like the word rules):

Write down your own definition of financial freedom.

My definition of financial freedom is having the ability to control how present I am in my everyday life. My quest for presence is vital because I believe presence is the key to living versus existing.

During the spending freeze, you can only spend money on necessities.

Over the next couple of weeks, write a list of what you consider to be necessities. I am working on my list, which does not include Door Dash, much to my dismay.

We have committed to a 3-month spending freeze (September, October, and November).

I would love for you to join me on this 3-month journey, but it’s okay if that is unrealistic for you. Decide what works best for you and write it down.

Find someone to participate with you.

Your chances of success significantly increase when you have an accountability partner. No worries, I am here if you can’t think of anyone. Email me at tdr@tonzadruffin.com to let me know, and I will create a community of support.

Spend time increasing your financial literacy

Financial literacy is an essential component of financial freedom. Make sure you spend time each week learning something new about money. Here are 2 resources I really enjoy.

Robinhood Snacks is a newsletter that is delivered to your email every morning. It gives you a lot of great financial tidbits and ideas for investments.

Earn Your Leisure podcast and youtube channel. Earn Your Leisure is great for me because it helped me realize how illiterate I was when it came to maximizing my earning potential. But, it also made me feel that literacy was attainable with a bit of research and discipline.

I will be sure to share more throughout our journey but remember, we are all in this together! That means I want you all to share your strategies and tidbits too.

Ooooohhhhhh! I am so excited! Don’t forget to email me at tdr@tonzadruffin.com if you want to create a community of support.

Much Love,


Published by Tonza D. Ruffin

Perfectly Imperfect but VERY PROUD WOMAN, MOM, LAWYER, and AUTHOR, but most importantly...LIFE LOVER! I laugh loud, I work hard, I play hard, I am adventurous, I am curious, I am driven, I have moments of deep insecurity, I am loving, I am vulnerable, I am explosive (not one of my finer qualities), I dance around my house alone, I am an awful perfectionist which makes my insecurity worse, I sing out loud in my car without any concern for whose watching, I have trust issues, I do not live through my children, I no longer try to force my children into the mold that I created so that I could feel validated as a mother, I am a risk-taker, I am guarded in my personal life, I am kind, I am grateful. I am so excited about the rest of my life!

2 thoughts on “Spending Freeze Challenge

  1. Hi, it’s just a small thing to do but when I was in the service I started to keep all my change. I had a large jar and I would put my change in the jar and when it got full I would roll it and take it to the bank and put it in savings. I’ve been doing it ever since.

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