How to Do a No-Spend Month Challenge

How to Do a No-Spend Month Challenge
Kmpzzz/Shutterstock
Anne Johnson
Updated:
0:00

Credit card debt has bloated, and people are struggling to pay bills. The economy is the biggest culprit, but there also could be some issues with people’s financial behavior. In other words, their monthly spending is out of control.

If you’re one of those people who runs out of money by the end of the month, you need to reign in your spending. Doing a no-spend month challenge could help. But what is a no-spend month challenge, and how do you do it?

What Is a No-Spend Month Challenge?

A no-spend month challenge is a way to test yourself financially. For a month, you don’t spend any money on non-essentials.
Anne Johnson
Anne Johnson
Author
Anne Johnson was a commercial property & casualty insurance agent for nine years. She was also licensed in health and life insurance. Anne went on to own an advertising agency where she worked with businesses. She has been writing about personal finance for ten years.
Related Topics