No Spend Challenge Results (I Will NEVER Do This Again) 

✅ My No Spend Challenge: • How To Set Up A No Spe...
✅ More no spend rules & tips: penniesnotperf...
✅ No Spend Printable: shop.penniesno...
This is probably the last time I'll ever do a strict no spend challenge where I cut out buying multiple different things. I learned a lot about myself and what I want the future to look like with my spending through this challenge.
A no spend challenge is set period of time where you go without spending money on anything outside of your essentials like bills, basic food, medical needs, etc.
Also known as a spending freeze, these no spend challenges are a way for many people to reset after a period of excess spending. This is why many people attempt no spend challenges in January after spending a lot of money on Christmas.
Despite all the flexibility in setting up no spend challenge rules there are some typical guidelines to follow.
Typical Spending Allowed:
-- Mortgage/rent payments
-- Bills
-- Groceries (basics only)
-- Medical needs
-- Gas
-- Debt payments
-- Etc.
Typical Spending NOT Allowed:
-- Restaurant meals
-- Coffee shops
-- Gas station purchases beyond gas
-- Salon services
-- Cable/Streaming TV
-- Clothing
-- Anything under the “want” category of spending
The differences in these categories or what is allowed or not allowed in a no spend challenge closely follows what you NEED versus what you WANT.
Have you done a no spend challenge? Do you find them effective or not?
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Memphis, TN 38124
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