I'm in!
I did this a few years ago. I made myself a deal I wouldn't buy anything except thread,needles backing and batting for a year. Those things I was allowed to buy had to be on sale.
It went so well I lasted 18 months. It felt so good to use the fabric I had been hoarding. I made lots of scrap quilts, tons of donation quilts for the preemies and several really nice quilts for gifts and for our home.
I saved a lot of money in the process.