I think this is a unique {novel) idea, which has great merit.
I think that I agree that the true power of this exercise is the fact that you have the power to do it, and the time and motivation to rethink your spending and thus your savings. But perhaps most importnatly reassess and prioritize what your spending on and why. This truely shold lead to less spending on the frivilous and maximizing the spending on the valuable. And whether this be on assets which bring you the gift of more money or things which give you more time, the focus is on value, and that makes it all worthwhile or better put perhaps: valuable.
This notion is a gift,
Thanks