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Lifestyle

The No Spend Challenge 2020

The No Spend Challenge 2020. Hey everyone, I hope you are well. In today’s post, I will be sharing about the No Spend Challenge. I don’t if you’ve heard of this challenge that has been going on for quite some time now, but I only heard of it just the other day. I have done a bit of research and I found it interesting and thought it would be useful for not just for us single parents but for anyone who is looking for a way to spend less in 2020. It’s a challenge that has been tried tested by everyone, everywhere.

What is The No Spend Challenge 2020?

The No Spend Challenge 2020 is a challenge this is designed to help you decrease your spending habits and hopefully saves you some money during the year 2020. This is a Challenge that allows you to set your own time frame of no spending period.

How Does The No Spend Challenge 2020 Work?

The beauty of this challenge is that there are no strict rules, you make up your own rules and set a budget of which you want to achieve at the end of the challenge. All you need is a focused mindset, motivation and confidence and a set budget.

You can either set it up as:

  • Daily Basis
  • Weekly
  • Monthly
  • Annually

Why Should You Take on The No Spend Challenge 2020?

The purpose of the challenge is to not only help you achieve a goal you have set yourself for 2020 but help you recognise your strength by keeping a track record as you go along and celebrate what you have achieved at the end of the challenge.

Goal Ideas for The No Spend Challenge 2020 includes:
  • Buy a Car
  • Buy a House
  • Debt Payment
  • Student Loans
  • Holidays
It can also be useful for little things like:
  • Going to the hairdressers
  • Grocery Shopping
  • Driving Lessons
  • Outfit for a night out in town with friends
  • Babysitters
  • Weekend break

Will I be Taking The No Spend Challenge 2020?

Yes, I will, and I encourage to give a try. We have started a new decade. Let 2020 be a great start of the decade you and your family. Based on my previous post, 2020 Is My Year Of Perfection I talked about taking on 3 different challenges that I will take upon myself to change my lifestyle in 2020. Well, this is part of it. I also want to see growth within my family finance, and by taking this challenge will keep me grounded.

My main goal this year, is to buy a plot of land in Nigeria. I also want to travel more too, so doing this challenge may just be a starting step to achieve this goal.

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