How to Do a No Spend Month Challenge

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Benefits of a No Spend Challenge

A 30-day no spend challenge involves cutting out all unnecessary expenses for 30 days, which can also have long-term benefits on your personal finance journey, including: > Identifying your spending habits > Becoming more mindful of where your money goes > Saving money to pay off debts or for future goals

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1. Set Clear Goals

What do you want to achieve with a no spend challenge? Pay debt, saving for a vacation, or something else? Make your goals specific and realistic.

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2. Evaluate Your Expenses

Write down any upcoming costs and plan your no spend challenge during a month where you anticipate the least financial distractions.

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3. Go Through Your Pantry

Plan your meals for the entire month and make a shopping list based on that plan when doing a 30-day no spend challenge.

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Meals with Basic Pantry Staples:

> Rice – Add veggies and beans to make it an entree, or make fried rice. > Chickpeas – Make stew. > Can of beans or lentils - Make chili.

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Make a Meal Plan

Plan out your meals throughout your month-long challenge. Try to keep it simple and realistic; avoid meals you actually don’t want to make.

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4. Plan Activities & Entertainment

Plan free activities such as hiking, visiting a museum on a free admission day, hosting a potluck with friends, or participating in community events.

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5. Track Your Progress

Keep a journal, spreadsheet, or use a budgeting app to record your spending. This will help you stay accountable and motivated.

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How to Do a 30-Day No Spend Challenge