Ready for a No-Spend Challenge?

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Have you ever tried to do a no-spend challenge? It may seem intimidating, but it can be done in a way that’s tailored to your spending habits. A no-spend challenge is a deliberate choice to cut back on discretionary spending for a set amount of time.

On this week’s episode of rich & REGULAR, Kiersten and Julien Saunders provide plenty of options to get you started on your no-spend challenge: You can focus on just one weekend a month if your spending gets out of control on weekends; you can cut back on your daily Starbucks visits; or you can take a closer look at what you’re tossing into the cart during those Target runs. 

Create a motivational goal by deciding where the unspent money from your challenge will go, such as toward a travel fund or paying off credit card debt. This can help replace a daily habit with a positive action toward your financial goals. The Saunders also provide tips on when to schedule a challenge or even take it to the next level by earning money or learning new skills while you participate. 

Resources:

Learn more at richandregular.com, purchase Cashing Out: Win the Wealth Game by Walking Away by Kiersten and Julien Saunders and follow on Instagram @richandregular. 

Rich & REGULAR with Kiersten and Julien Saunders is no longer releasing new episodes on the SUCCESS Podcast Network, but you can still listen to the full conversation below.

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Julien and Kiersten Saunders, Money Editors for SUCCESS magazine, are the couple behind the award-winning blog and forthcoming book, rich & REGULAR. They are producers and hosts of the original series, Money on the Table, which blends their passion for food with thoughtful conversations about money

+ posts

Julien and Kiersten Saunders, Money Editors for SUCCESS magazine, are the couple behind the award-winning blog and forthcoming book, rich & REGULAR. They are producers and hosts of the original series, Money on the Table, which blends their passion for food with thoughtful conversations about money

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