I was just reading Matt Jabs’ February 2010 debt reduction & savings statement on the Debt Free Adventure blog, and it got me thinking about how tracking this stuff out in the open like he’s doing – where the whole world can see it – might be a helpful way to do it for a lot of people.
It’s one thing to make a commitment to yourself, but when you’ve made it publicly like Matt, it’s a lot harder to justify unnecessary expenses since you could get called out by the people reading the site.
If you have trouble with the willpower to stop spending and keep paying off debt, maybe this would be a helpful way to do it.
