Whoop, whoop. We love challenges - money challenges, walking challenges, workout challenges! We've shared a ton of challenges but this is our first no spend challenge and we are so excited to introduce you to this concept!
If you find yourself struggling to pay your bills or if you only have a tiny bit left over after paying your bills, you might want to take a look at your spending habits. Most people can identify the large purchases that destroy savings accounts but the small purchases that many people do not think about have the ability to do the same thing.
Believe it or not, there are things you can do in your free time that don't cost money. ;-) People always ask us how we afford to go on trips so often. We choose to place emphasis on experiences rather than things and we don't let small purchases take over.
For this challenge you choose the length. You can do the no spend challenge for one weekend, one week, one month, or even an entire year (yes, I've seen it done!).
There are some exceptions to the no spend challenge. You can buy/spend money on items that you need such as groceries, gas, and bills. This challenge is meant to completely cut out spending on things like clothes, shoes, eating out, buying coffee/tea, etc.
After you complete a fitness challenge you shouldn't go out and eat everything in sight and not workout again. After this challenge you shouldn't go out and buy every single thing you wanted to buy. Write down what you did want to spend money on and be as specific as possible. Think about why you really wanted that item. After your spending challenge is over, I bet most of the items you wanted you are no longer interested in.