What Freezing Really Means
Freezing means going cold turkey on your spending — you temporarily stop buying. For the short term, you cut out all but the most essential spending; your cuts will include personal appliances, home appliances, clothing, shoes, CDs, DVDs, decorative items, linens, computer accessories, and so on.
You freeze your spending for a predetermined amount of time — usually six to twelve months — and just stop shopping. Of course, you can still buy groceries and the required supplies for your home, but you don't buy anything else.
Some people believe that they must spend in order to keep the American economy going. While consumer spending does impact how much money many businesses make, your six or nine months of thriftiness is not going to spin the economy into an uncontrolled recession. Besides, you'll be back someday.
