Could you go an entire day without spending any money? Or how about an entire month. People on TikTok are challenging themselves to go an entire month without spending any money. Here’s what you need to know about the ‘No Spend Challenge’.
What is the ‘No Spend Challenge’?
Could you spend an entire month without spending money on unnecessary things? That’s what people on TikTok are trying to do with the ‘No Spend Challenge’. The goal of this challenge is to become more aware of how much you spend on unnecessary things in a month. This will help you be more aware of your money and become better at saving. The rules of the challenge are very direct. You can only spend money on things you really need. This includes paying your rent and bills, but also doing groceries and filling up your car or putting money on your public transport card. Furthermore, the idea is that you spend no or as little money as possible on all other things. Think of beauty appointments such as the hairdresser or the nail salon, but also having drinks with friends, shopping or going out for dinner. How strict you are with this depends on you and your goals. But the goal is the same for everyone: spend as little money as possible and save as much as possible.
@thesavvysagittarius
How to do the ‘No Spend Challenge’ yourself
The No Spend Challenge is done in different ways by different people. Some people on TikTok make a list of things they can spend money on and a list of no-go’s. Others keep a calendar where they write down what they spent money on every day. What is important for you if you want to take on this challenge is that you have a clear idea of what your personal rules and goals are and that you have a way to track your progress. For example, you can put all the money you don’t spend into a savings account.
@caggiebaby
Things You Can Do Instead of Spending Money
Are you someone who finds it difficult not to spend money? Then you might need some help finding ways to spend your time differently. For example, focus more on your work during the challenge and on finding free activities that you can do with your friends. Also try to enjoy the things that you already have. Read the books on your bookshelf instead of buying new ones. Or style the clothes that you already have in a different way. That way you can still create new outfits without having to buy new things.
