Informed Choice Radio 085: Michelle McGagh, Year Of Buying Nothing

Informed Choice Radio 085: Michelle McGagh, Year Of Buying Nothing

Informed Choice Radio 085 - Michelle McGagh, Year Of Buying NothingWhat happened when a financial journalist Googled ‘getting rid of stuff’ and decided to spend twelve months buying nothing?

In this episode of Informed Choice Radio, I speak to the personal finance journalist Michelle McGagh.

Six months ago, Michelle embarked on a personal challenge to dramatically reduce her spending and buy nothing other than the essentials.

In this interview, we talk about what inspired this challenge, the consequences of stepping out of the consumer rat race, and how Michelle reduced the number of her possessions by 80%.

Welcome to the Year Of Buying Nothing with Michelle McGagh, in episode 085 of Informed Choice Radio.

You can get in touch with Michelle on Twitter @mmcgagh

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Some questions I ask

-What inspired such a dramatic lifestyle choice? (05:09)

-What’s it like living with someone who is free to spend money on anything, when you’ve chosen not to spend? (10:04)

-Do you risk becoming a bit of a hermit, when you’re not spending money on going out? (12:36)

-Have you ever come close to breaking your spending rules? (13:24)

-What’s the plan for all of the money you have saved during this challenge? (15:28)

-What happens at the end of the year? Have you planned an epic shopping trip? (16:10)

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Useful links mentioned in this episode

Buy Nothing Day

Stuffocation: Living More With Less by James Wallman

The Minimalists Podcast

Skint London

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About Martin Bamford

Martin Bamford is a Chartered Financial Planner, Certified Financial Planner (CFP) professional and published personal finance author. He works with elderly clients to provide advice on funding residential care fees, hosts the Informed Choice Podcast and is a keen ultra runner.
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