What is No Spend Challenge with Benefits [Download Printable]

Want to take up the No Spend Challenge but have no idea where to start? Here are a few easy tips to help you plan your No Spend week or month and stick with it!
no spend challenge with printable
What is No Spend Challenge with Benefits [Download Printable]
Did you know that over half of Americans spend as much or more money than they make? That is frightening! When we notice that our spending is starting to creep back up again, we do a mini 30-day No Spend Challenge to get our finances back in check.
In this article

Is money tight? Or did you just get through a large spending month? A No Spend challenge is just what you need right now. But we’ll get to the “how” and “why” in a minute.

A No Spend Challenge doesn’t have to be difficult or stressful. Moreover, it doesn’t have to last for 30 days or even 2 weeks. You’re in charge here and you get to make all the rules and set those financial goals for your challenge. This is important so that the challenge it’s actually doable for YOU!

This challenge will help you save money and get your budget on track. Below are 5 tips to get you started and make your no spend time successful and fun. 

What is a No Spend Challenge?

A No Spend Challenge is a financial strategy where you intentionally limit your spending to only the absolute necessities for a set period of time. The most common is a no-spend month, but you can choose shorter (a weekend) or longer (a year) periods.

Goals of a No Spend Challenge

  • Saving Money: The obvious benefit! Redirecting money you’d normally spend on ‘wants’ can significantly boost your savings.
  • Breaking Bad Spending Habits: It forces you to be mindful of purchases and differentiates between what you need vs. impulse buys.
  • Resetting Your Budget: A way to get your finances back on track after overspending.
  • Appreciating What You Have: Often makes you realize how much you already own and lessens the urge for new things.

Rules of a No-Spend Challenge – Do’s and Don’ts


  • DO clearly define your “essentials” list. Have a detailed understanding of exactly what you consider a true necessity.
  • DO meal plan and grocery shop wisely. Avoid food waste and impulse purchases at the store.
  • DO find free or low-cost entertainment. Get creative with parks, libraries, board games you already own, and socializing with friends at home.
  • DO track your spending, even on essentials. This keeps you accountable and aware of costs.
  • DO celebrate small milestones. This helps maintain your motivation.


  • DON’T set unrealistic expectations. If it’s your first challenge, start with a shorter duration and slightly less restrictive rules.
  • DON’T go “cold turkey” without preparation. Stock up on necessities and plan your activities beforehand.
  • DON’T browse shopping websites or malls. This will lead to unnecessary temptation.
  • DON’T feel obligated to attend social events that cost money. Be honest with friends and family about your challenge.
  • DON’T give up if you have a slip-up. Acknowledge it, learn from it, and keep going!

How to do a No Spend Challenge?

Here’s a step-by-step guide on how to successfully tackle a no-spend challenge:

Preparation Phase

  1. Choose Your Time Frame: A month is typical, but you can consider a no-spend week or weekend to start.
  2. Define Your “Necessities”: Create a clear list of unavoidable expenses. This likely includes housing, groceries, essential utilities, transportation, debt payments, and necessary medical needs.
  3. Plan Accordingly:
    • Meal Prep: Plan meals to use up what you have, shop for groceries wisely, and minimize food waste.
    • Free Activities: List free things to do for fun – local events, library resources, time in nature, etc.
  4. Alert Friends & Family: Let them know to avoid tempting you with outings or activities that cost money.

During the Challenge

  1. Track Your Spending: Even though you’re aiming for minimal spending, tracking those essential expenses keeps you accountable.
  2. Unsubscribe: Temporarily pause subscriptions you can live without, and unsubscribe from tempting promotional emails.
  3. Avoid Temptation: Don’t browse online stores or stroll through shopping areas. Limit social media if it leads to feelings of wanting to buy things.
  4. Get Creative: Embrace mending clothes, finding DIY projects, and using items you already own in new ways.
  5. Focus on Progress: Celebrate small victories and milestones to stay motivated.

After the Challenge

  1. Reflect: Analyze what you learned about your spending habits and where you might usually overspend.
  2. Review Your Budget: Make adjustments based on your new awareness to save more consistently.
  3. Choose Your Next Step: You could do another challenge, set new savings goals, or focus on paying down debt.

10 Tips to help you succeed in a “No Spend Challenge”

Here’s a list of 10 tips tailored for a No-Spend Challenge.

  1. Meal Plan & Prep: Plan meals using what you have, and cook in bulk to minimize eating out temptations.
  2. Unsubscribe & Unfollow: Unfollow tempting stores/influencers on social media, and unsubscribe from promotional emails.
  3. Free Fun Focus: Explore free outdoor activities like parks and trails, utilize local libraries, or host game nights with friends.
  4. DIY When Possible: Instead of buying, try to repair or create things yourself. Check YouTube and Pinterest for creative tutorials.
  5. Utilize Community Resources: Take advantage of free events, classes, and resources in your community (often listed on local government or library websites).
  6. Barter & Swap: Check for local groups where you can exchange skills or unused items instead of buying new.
  7. Reassess Subscriptions: Temporarily pause or cancel subscriptions you can live without during the challenge.
  8. Avoid Window Shopping: Whether online or in stores, don’t browse. It creates the illusion of “need.”
  9. Have a “No Spend” Buddy: Find someone to do the challenge with for accountability and support.
  10. Celebrate Milestones: Reward yourself for small wins (not with spending!). This keeps you motivated throughout the challenge.

Download Our No Spend Challenge Printable & Start Saving Today

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Shirlene Grace Isaac

Shirlene puts words on the Internet because she loves to do so and also for the money! She is a singer, songwriter, occasional poet, artist and muser — all in the body of a 20 something. She's a taleteller of sorts often looking for opportunities to narrate stories untold.


This page is purely informational. Beem does not provide financial, legal or accounting advice. This article has been prepared for informational purposes only. It is not intended to provide financial, legal or accounting advice and should not be relied on for the same. Please consult your own financial, legal and accounting advisors before engaging in any transactions.

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