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Why You Should Try A No Spend Challenge | Clever Girl Finance

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  • Опубликовано: 12 авг 2024
  • Have you tried a no-spend challenge? A no spend challenge is essentially a period of time in which you intentionally chose not to spend any unnecessary money. Money can only be spent on bills and necessities like rent or mortgage, cable, internet, utilities, phone, car, groceries, health expenses (insurance, doctor’s bills), and gas. And the money you save can be put towards, savings, investing, paying down debt, or your other goals!
    Tune in to learn just how to do a no-spend challenge that will work for you!
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Комментарии • 69

  • @Ebizzill
    @Ebizzill 2 года назад +19

    I found that most of my expenses are food related, since I started intermitten fasting, its been really helping reduce my spending.

  • @natalieguffey3936
    @natalieguffey3936 Год назад +12

    My family and I are in the middle of a no spend/low spend year almost 5 months going strong.

  • @ask_why000
    @ask_why000 Год назад +3

    I'm inspired.
    Trying a No Spent: 1 Month. July 2023.
    Prepping now.

    • @belleiccm9801
      @belleiccm9801 19 дней назад

      How was your No Spend Month @ask_why000?

  • @saritamoorebansa4485
    @saritamoorebansa4485 Год назад +7

    Love this video. I decided to get completely debt free in 2023. I was thinking 🤔 how to successfully complete a entire 2023 No Spend Challenge.

    • @Clevergirlfinance
      @Clevergirlfinance  Год назад

      You can do it! Glad this content came at a timely manner for you! Let us know how you get on and your progress, so we can cheer you on.

    • @andreastiller8621
      @andreastiller8621 Год назад

      Write a budget. It’s super helpful to figure core expenses vs extra stuff.

  • @karenwilliams3196
    @karenwilliams3196 2 года назад +36

    I have started the no spending challenge since January. Spending on only essential items like food. I deleted my card from Amazon to avoid being tempted. This advice was given by another money finance vloggers. Really loving these money saving tips.

  • @wonder219
    @wonder219 2 года назад +20

    I have done no spend for most of my working life and I break it every 3rd or 4th month. This has really helped my husband and I have a wedding that we dreamt of debt free, being able to invest and help out when there is great need. We still a long way to attaining our long term financial goals but this lifestyle has contributed so much to the progress we have thus far. It has also helped us to be more content and not take anything we have for granted.

  • @pinkorganichorse
    @pinkorganichorse 2 года назад +7

    Put a green check on a paper calendar every day you spend nothing.

  • @ms.rivera7898
    @ms.rivera7898 2 года назад +18

    Going to put myself on one. Back in October/ November, I put myself on a no eating out challenge (I used to spend a lot of money at restaurants). I was very successful with it. My only promise to myself was that I could eat out if someone else paid for it. It almost worked like a manifestation, and I received two free meals during that time.
    I would like to put myself back on that challenge, and also add another no spend challenge, like for Amazon.
    I am currently using the cash envelope system, which is forcing me to save much more money. Now, I can see where my money is going each month.

    • @Clevergirlfinance
      @Clevergirlfinance  2 года назад +1

      Love that you gained great insights from it! Thanks for stopping by!

  • @toliakins
    @toliakins 2 года назад +7

    feeling sad makes me want to spend. thanks for your video btw

    • @PrettyReliableTransportation
      @PrettyReliableTransportation 2 года назад

      Me too! Luckily, I don’t spend every time I’m down but randomly, retail therapy feels good!

    • @annissa8959
      @annissa8959 14 дней назад

      You are not alone at all!

  • @chatswithTaboka
    @chatswithTaboka 2 года назад +14

    I did one in January. Didn't manage a 100% but it was a great first attempt.

    • @dorisjking8937
      @dorisjking8937 2 года назад +1

      You've got this!!!

    • @zaralight1986
      @zaralight1986 2 года назад +1

      Same here. Did not buy anything I don't need, but bought myself a b-day present. So that was the exception.

    • @Clevergirlfinance
      @Clevergirlfinance  2 года назад +2

      Yes to great first attempts! Love it!

  • @JaciraDeMatos
    @JaciraDeMatos 2 года назад +10

    Hello red lipstick 🤩
    On a more serious note, this video came right on time for me as I’m going dry turkey this month and hopefully extending it to the spring 🤩

  • @phobedavis7014
    @phobedavis7014 2 года назад +8

    Since February has 28 days, I plan to spend only 7 out of 28 days. It is called the 21-day spending fast. I can tell you that it requires a lot of planning.

  • @owalcon2583
    @owalcon2583 2 года назад +7

    I’m doing a no spend challenge for the month of February. It’s a real challenge but it’s teaching me financial discipline. Thank you.

  • @anaa9042
    @anaa9042 Год назад +1

    very practical advice , thank you 🙏🏽 so excited to start this !

  • @elizabethhollingsworth9434
    @elizabethhollingsworth9434 2 года назад

    I'm going to start a journal. Thanks for the great idea!

  • @pdk9903
    @pdk9903 Год назад +2

    So excited to have found your channel! I browsed your videos and found so so many interesting topics!

    • @Clevergirlfinance
      @Clevergirlfinance  Год назад +1

      Welcome aboard! Thanks for subscribing and hope you continue to enjoy our content

  • @esthermutua1287
    @esthermutua1287 2 года назад +1

    Thank you for this much love 💕💕💕💕

  • @wellabella2577
    @wellabella2577 2 года назад

    Currently in the process of doing this challenge. After a week I’ve notice significant change to my spending habit !

  • @user-ib7it2li8f
    @user-ib7it2li8f 2 года назад

    I’m on rehab:/ just paid some taxes and my post bachelor. So thank u for video really accurate:)

  • @dorisjking8937
    @dorisjking8937 2 года назад +5

    Thank you for this content. It's helping me get back on track with budgeting, saving and paying down debt. I appreciate you.

  • @amandabarclay2954
    @amandabarclay2954 2 года назад +3

    Thank you for your tips. I always enjoy your videos. March will be my no spend month and if it goes well, April will be too

  • @yemi5193
    @yemi5193 Год назад +1

    Thanks for this video. Though I’m 6 months late to the party but I’m starting my no spend challenge from September till end of the year (4 months) first time doing this.
    Desperate times call for desperate measures 😂
    I’ve been wanting to save for buying my house. It’s been 1 step forward 10 steps backward but that stop from 1st of September
    I will come back here and provide my update.

  • @andreastiller8621
    @andreastiller8621 Год назад +2

    I rarely buy something the first time I see it. I usually forget about it. If I’m still interested I wait for it to be on sale. I don’t shop online.

  • @sandrachiboola311
    @sandrachiboola311 2 года назад +3

    I needed to hear this,thanks a lot❤

  • @millennialmoneyprogress
    @millennialmoneyprogress 2 года назад +5

    Recently completed one in January and it went well! Going to continue into February. For me it was to not buy unnecessary items like clothing, shoes, random Amazon items. We still ate out (within reason and budget) but I tried to focus on not bringing extra items into my home and I feel like trying to do this for the rest of quarter 1 of 2022!

  • @VlogsByBarbaraa
    @VlogsByBarbaraa 2 года назад +1

    This was so helpful, I’ve really been listening abs taking these advices seriously,
    Now I need to know how I can save money on hair , it’s one of those things that takes a lot of money

  • @belleiccm9801
    @belleiccm9801 19 дней назад

    This is great Clever Girl Finance! Thank you and I am seriously thinking of doing a No Spend Month🌿

  • @godschild5189
    @godschild5189 Год назад

    I have done a no spend challenge and think it's a great way to save. I will definitely make it a part of my savings plan.

  • @mopetty4143
    @mopetty4143 2 года назад

    I've just recommitted myself to getting my financial life in order. I am going to do a no spend challenge in April.

  • @suebee1540
    @suebee1540 Год назад +1

    I am doing a no spend May. I am doing it to reset my spending habits, add to my emergency fund and to adjust for a smaller paycheque because I have had no overtime lately. I broke it on the 5th because I had to buy a garden tool for my neighbour to replace the one my grandson broke. I have done many no spend challenges but only managed to go a whole month once. The title of my no spend challenge is: Aggregation of Marginal Gains.

  • @risisanusi8155
    @risisanusi8155 2 года назад +2

    Bless you❤️

  • @soniamerritt5278
    @soniamerritt5278 2 года назад +6

    This is how I live.

  • @tebokabomo3193
    @tebokabomo3193 2 года назад +3

    You look beautiful 🌹🌹, great content, thank you

  • @debbielambkin7826
    @debbielambkin7826 Год назад

    ❤❤❤❤❤

  • @MrDavidigobwa
    @MrDavidigobwa 2 года назад +1

    It works. No spend challenge.

  • @bertyjohnson5710
    @bertyjohnson5710 2 года назад +2

    How can a mother of 4 children participate in a no spend challenge?

    • @danmeck5978
      @danmeck5978 Год назад +1

      Learning the word No.
      Get them involved too and make them understand that if we all spend less on unnecessary items now, then we can afford the really nice in a few months time. Make it a fun process. Give them each a peice of paper with 30 squares on it.
      For each day they do ask for bought snacks, toys etc they get to colour in a box.
      At the end of the month they get to have a treat/item of their choice for under £15 each.

  • @JaieKeller
    @JaieKeller 2 года назад +1

    I am doing this now and didnt realize it, but since I e subscribed to your channel. I have been intentional.
    How can I join a work shop

  • @backyardboy2020
    @backyardboy2020 2 года назад +2

    Lol I see now why am so poor while earning much