After the holiday season, many people find themselves staring at bank statements in disbelief, wondering where all their money went – that’s where I was! Honestly, it was utter SHOCK to see my spending habits. I decided it was time for a change and what better way to implement a new habit, than with a challenge! That’s how I stumbled upon NO SPEND JANUARY.
“No Spend January” is a popular personal finance challenge that encourages participants to go a full month without spending money on non-essential items. The primary goal is to help individuals kickstart the year by saving money, reducing debt, and cultivating healthier spending habits. Don’t limit yourself to January, though. This can be done any time of the year! Of course, there’s various ways to adapt the No Spend Month into your lifestyle and financial situation.
Maybe you want to save a little extra money for the upcoming events that seem to be constant during the “ber” months, or maybe you’re just ready to simplify your life and create lasting habits to carry with you. I hope my rules (along with my successes and failures) can provide a bit of motivation for you to find ways to take hold of your finances and spending habits, in any way you choose!
Check out this video here to see how I implemented The No Spend Month in my life. You can hear my rules, what worked for my family and what didn’t! ~ Jade