How to have a realistic no-spend month and hit your savings goals

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Ready to reset your finances this September? Try a realistic no-spend month with this expert guide TheCuriosityAcademy

How to plan for a no-spend month

A no-spend month isn’t necessarily something you can just jump into without having thought about it beforehand. In fact, the more you can prepare for it, the better. Here are Laura and Sarah’s tips on doing so.

You can also write down a savings goal for the month and a list of what you would like to put the money towards, which will motivate you throughout the month.“It’s really important to tell your friends that you’re doing a no-spend month,” Laura says. “It’s easier to stick to a goal when people know you are doing it as it will help to keep you accountable.”

Sarah and Laura also recommend joining an online community who are doing the same thing to help find support and ideas.Before your no-spend month starts, it’s a good idea to put your monthly budget onto a prepaid credit card or take the money out in cash and remove your other debit andfrom your purse.

“Another thing you can do is block shopping websites from your phone and laptop,” Laura adds. Instead of buying new clothes,

 

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