Ask the Readers: Have You Ever Done a Spending Freeze?

Editor's Note: Congratulations to Adeline, Susan, and Jay for winning this week's contest!

A spending freeze is a commitment to not spend money on anything that isn't necessary to your survival for a predetermined amount of time — usually a day, a week, or a month. Besides the obvious savings, a spending freeze can also help you rethink your spending habits and gain perspective on what you really need in your life.

Have a ever done a spending freeze? What prompted you to try a spending freeze? What was your experience like, and what did you learn from it?

Tell us if you've ever done a spending freeze and we'll enter you in a drawing to win a $20 Amazon Gift Card!

Win 1 of 3 $20 Amazon Gift Cards

We're doing three giveaways — here's how you can win:

• Follow us on Twitter
• Follow our Executive Editor Janet Alvarez on Twitter
• Tweet about our giveaway for an entry.
• Visit our Facebook page for an entry.

Use our Rafflecopter widget for your chance to win one of three Amazon Gift Cards:

a Rafflecopter giveaway

Giveaway Rules:

• Contest ends Monday, March 26th at 11:59 p.m. Pacific. Winners will be announced after March 26th on the original post. Winners will also be contacted via email.
   
• This promotion is in no way sponsored, endorsed or administered, or associated with Facebook or Twitter.
   
• You must be 18 and U.S. resident to enter. Void where prohibited.

Good Luck!