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Breaking The Debt Cycle
@breakingthedebtcycle

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💰❌ NO SPEND MONTH ❌💰 At the beginning of August I set a goal of 10 no spend days after having quite a few *bad* months of unexpected expenses & over-spending. I decided to set a goal of 10 to ease myself back into the challenge and I’ve managed 16 with 2 days to go! 🎯 I don’t include bills or essentials in tracking no spend days — just all the extra! It’s pretty fun to see some trends — like those coffee spends on my weekly office day (it’s like a reward ☕️) & the cheeky takeaways on a weekend 😂. It really hasn’t been as bad as I thought my first month would go though! I know no spend challenges aren’t for everyone (but they really help me to think about purchases rather than impulsively spending) 💸 I don’t use them to spend less money — that’s what my budget is for and I do give myself some fun/guilt free money each month — but spending less is usually a bonus side effect of being more conscious with purchasing. It’s also fun to tailor no spend challenges to your situation. If you think you want to cut back on eating out, try a no eating out month, or a no spend on coffee month. For me, I don’t include bills & essentials such as groceries but base it on all that extra fun stuff. As a big emotional / impulse spender, setting a challenge like this really helps to keep me grounded & think before I buy. I also try to be realistic with my no spend challenge. I think attempting an entire month can become quite restrictive and not beneficial in the long term, so I always try to set a goal amount of days rather than an entire month! I’m excited to step up the challenge for September and try a slightly tougher goal! #debt #debtfreecommunityuk #debtfree #debtfreecommunity #debtfreejourney #debtfreedom #debtsnowball #debtfreegoals #debtfreeliving #debtfree #moneymanagement #personalfinance #savingmoney #finance #savinggoals #emergencyfund #ukdebt #ukdebtfreecommunity #ukdebtfreejourney