This annual no-spend challenge helps people save money, pay off debt, and start the new year financially strong.
FOR IMMEDIATE RELEASE / PRURGENT
On the first day of 2021, thousands of people from around the world will embark on a collective 31-day financial fast for the January Money Diet. Returning for its 12th year, the annual savings event offers encouragement, inspiration and various challenges to help people stop all nonessential spending during the month. Past participants have used the money they saved to pay off debt, increase savings, or simply take a break from spending money after the holidays.
Author Eliza Cross is the founder of The YOLO Blog, which hosts the January Money Diet each year. She posts tips throughout the month for living well, reducing monthly expenses, DIY projects, free ways to have fun, meal planning, and easy recipes. Participants share their money challenges and financial triumphs in a private Money Diet Community Facebook Group.
New this year, one lucky participant will win a $250 cash prize, made possible by the event’s lead sponsor YourMoneyFurther.com and the Open Your Eyes to a Credit Union campaign. “I’ve been a credit union customer since I was in my teens,” Cross says. “Credit unions offer great service and excellent products, and they’re friendly to savers. The COVID-19 pandemic has caused a lot of financial uncertainty for many people, so I’m thrilled to be partnering with YourMoneyFurther.com and the Open Your Eyes to a Credit Union campaign to expand this year’s January Money Diet.”
The challenge is free to join at January Money Diet.com and begins January 1, 2021.