GRAND RAPIDS, Mich. — It's a new year and time to hit the reboot button. Fasting continues to be a big trend and now, it's hitting your wallet.

Fiscal Fasting is about eliminating over spending from your budget for an entire month.

Mark Davis a Financial Advisor with Chemical Financial Advisors who is also registered representative through Cetera Investment Services gave us these tips.


  • The No Spend Month is about identifying expenditures in your budget that you can eliminate for the month
  • This can be especially effective in January as many families spend the most over the holidays
  • This wouldn’t include expenses such as rent, mortgage, insurance, medical expenses, etc, as this isn’t about eliminating necessities.
  • We start on a weekly schedule by taking inventory of what groceries we currently have in the pantry, and we shop for groceries accordingly, purchasing only what we need for the week.
  • Many times we have a surplus of food in the pantry, and we can use that first to lower the grocery bill (pay special attention to expiration dates)
  • Making one trip to the grocery store can be more efficient because we tend to buy more with multiple trips and we burn more gas with those additional trips to the store (online ordering can be helpful)
  • Weekdays have many opportunities to reduce expenses such as, making breakfast and coffee at home, as well as, packing a lunch
  • On weekends, instead of taking the family to a dinner and movie, we picked up a movie from the library, made spaghetti for dinner, and made popcorn. A family night for less than $10.
  • Some families may find a No Spend Week is a good start as well. Every little bit helps



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