She also allows spending that goes towards your education or business, because those are investments that will pay off in the future. She also makes exceptions for known expenses like upcoming holidays, meaning you can still buy your bestie a present for their upcoming birthday. After all, you’re not supposed to set yourself up for struggle or failure here. On TikTok, money coach shared in a video that she does not count bills, gas, groceries, and essential living costs in her no-spend month tracker. But you can look to others’ shared experiences to help map out your guidelines for the month. It’s your hard-earned money, so you make your own rules about where it goes. At the end of the month, you can reflect on the challenges that arose, decide which healthy habits to adopt long-term, and be proud of the money you saved in the end. “I think it’s good when it comes to trying to identify poor spending habits and also it’s a good detox,” TikToker posted in a video, comparing their no-spend experience to a food detox that creates a clean slate for healthier choices. It’s all about switching out costly routines for intentional spending choices and making use of tools you already own. For example, instead of hitting Starbucks every morning for a pricey gourmet latte, which can add up very quickly, you can make it a goal to make your coffee at home. It just means that you cut out unnecessary spending habits and find cheaper or free alternatives for recreational or impulsive expenses. Juanma hache/Moment/Getty Images What Is The No-Spend Month Challenge?Ī no-spend month doesn’t mean you don’t pay for anything for a whole month, because that’s not a realistic goal. Here’s how you can embark on a no-spend month, according to college students and money coaches on TikTok. College tuition is expensive, not to mention room and board fees, pricey textbooks, and sorority dues if you’re in Greek life, so it’s a good idea to make a money plan and learn to be savvy with discounts and on-campus freebies. If your savings account needs a pick-me-up ahead of the end of the year or you just want to organize your money flow, a fixed period of time where you regulate your usual spending may help you develop disciplined habits that’ll help you in the future. If you want to learn how to practice careful budgeting and get a fresh financial start, here’s how to do a no-spend month in college using TikTok tips from students who’ve tried it. You may sometimes go overboard with spending on late-night food delivery orders or overextend your budget to pay for those irresistible concert tickets, but it’s not the end of the world. College comes with its own set of new academic and social challenges, but it’s a great place to learn how to manage your life and money before setting off into the real world post-graduation. Now you have to be attentive about how much you spend on food, clothes, and fun nights with your best friends. Adulting is hard, especially when you first leave the nest and are responsible for all your own finances.
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