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 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 that wasn’t budgeted for.
Setting the rules for my No Spend Week Challenge
Since it’s a challenge, it makes sense to set some guidelines & parameters to follow.
Rule 1: No Eating out / Takeaways
The bulk of my expenses