Challenge: Do a no-spend month. Who's in? 🤔
Greta has saved thousands in just a few months by taking on a no-spend challenge and doing meal-prepping
Worried there was no way she could save up enough with just a part-time job, Greta got serious about her approach to money, picking up extra shifts and banning any non-essential buys. She managed to reach the savings goal by the end of that year.‘That really changed my money mindset and motivated me to save more,’ Greta tells Metro.co.uk. ‘I realised I was just living to my means and spending any money I got instead of spending it wisely and saving along the way.
‘However the overall goal was to not spend any money unless it was on bills, essential food items or petrol.’She now recommends everyone gives a no-spend challenge a go, and shares her advice for trying it onPut your goals and rules in plain sight – this reminds you why you’re saving the money and also helps motivate you to stay on track
Don’t go window shopping – try to not go into the city centre for a stroll around the shops or to accompany a friend, as this may lead to unnecessary spending. Instead go on a walk somewhere where you’re not going to spend money e.g. the parkTry to analyse your purchases more, question whether it is something essential or whether you could do without or if there is a cheaper alternative available
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