I first heard about no-spend challenge from an episode of the Stacking Benjamins podcast where Joe, OG, and the gang interviewed Jen Smith from Modern Frugality about how implementing No Spend Challenge helped her to compensate for budget flubs.
What is a No Spend Challenge?
When I googled about “No Spend Challenge”, I found that there were many other bloggers who did the challenge for different reasons.
For some, a No Spend Challenge could help to reset their budgets after overspending on a vacation, or to get back on track from spending on an unexpected expense. A No Spend Challenge can also be a great way to kickstart your savings or debt repayment on things like outstanding credit card debts with the money saved from the challenge.
I decided to challenge myself with a No Spend Week Challenge to reduce this month’s expenses as I purchased a nice tea set