What is the No Spend Challenge?

You might have heard about something called the No Spend Challenge. So what is it? And it is right for you? I'll break down some different ways to approach this challenge and you can decide if it's something you can do to help save money.

Transcript:

Hello, my name is Tiffany, and welcome to the podcast Working on Amazing.

This is the podcast where we talk about the work that it takes to rebuild an amazing life.

And I am using that word rebuild, because we're specifically designed for women who feel like they're starting over in the middle of their life.

Now, I feel like starting over can mean several different things, but for me, that looked like divorce after a 20-year marriage.

And for my sister, it was the very unexpected death of her spouse.

For you, it could be something completely different.

But I believe the commonality is when all your hopes, all your dreams, all your plans for the future have gone up in smoke, your day-to-day life looks totally different.

The rug has been pulled out from under your feet.

And it does, it feels like you're starting over.

Or if that's you, first of all, from the bottom of my heart, I wanna say I'm sorry.

I know how overwhelming and just horrible that feels.

But I'm here to offer you hope.

I'm here to offer you encouragement.

I'm here to tell you it gets so much better.

Countless women have gone through this, and you've come out on the other side better for it.

You can, too.

You are not alone.

You're actually in the right place.

So welcome.

I'm so glad you're here.

Okay, if you'll remember, in the very beginning, I said that I focused on five areas when I rebuilt my life.

I focused on my spiritual health.

I focused on my mental health, my physical health, my financial health, and growth and goals.

And I said each podcast would fall under one of those categories, right?

So today, we're going to focus on financial health, which is so important, right?

The stress of finances can just destroy your life and eat your lunch.

When you're living paycheck to paycheck, and then something comes up, and you're just like, I don't know that I can take this.

It's extremely, extremely stressful way to live.

But I'm here to tell you, you don't have to live that way.

It takes some thought, it takes some discipline, it takes some planning, but you don't have to stay stuck in the paycheck to paycheck lifestyle.

You can break free.

It just takes a little bit of self-discipline and a little bit of planning.

All right, so today we're going to talk about the no-spend challenge.

I think if you're on social media at all, you've heard somebody somewhere mention this.

It's come up.

So I want to talk about what the no-spend challenge is, so you can see if it's right for you.

Now, there are no exact rules.

So we're going to go over different ways you could approach it, so you can tailor it for you and your lifestyle and your unique circumstances, all right?

But first of all, if you have never heard of a no-spend challenge, what does that mean?

It sounds like you're going to go a long time without eating.

Like, how can you go for a long period of time without spending?

I mean, we have bills to pay, things come up, I need to eat food.

I have children, like, what are you talking about?

That seems ridiculous.

Like, I couldn't go a month without eating food to sustain myself.

How can I go a month or whatever length of time without spending?

So what does that mean?

Because it sounds kind of ostentatious to say, I'm doing a no-spend challenge.

Well, let's break it down a lit