I'm not new to spending challenges and have done all sorts of different ones in the past because I enjoy the challenge of them. I think if done for long enough, they can help to break a habit. A spending habit.
It can be so, so easy to get into a cycle of spending money every day and be unable to stop. I know, because I've done it. In my previous shopaholic days I would spend money every day of the week. It blows my mind to even think about doing that now!
Anyway in preparation for an extremely frugal 2012 (which I haven't talked about yet, but will do soon), I'm getting into the habit of limiting my spending. Not on the important (to me) things, but on the frivolous (stuff) purchases that I don't really need or want.
Day 1: £0.00
Day 2: £0.00
So far, so good