{"id":223708,"date":"2025-10-18T22:17:13","date_gmt":"2025-10-18T22:17:13","guid":{"rendered":"https:\/\/www.newsbeep.com\/au\/223708\/"},"modified":"2025-10-18T22:17:13","modified_gmt":"2025-10-18T22:17:13","slug":"uk-households-saving-500-a-month-thanks-to-trend-sweeping-social-media","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/au\/223708\/","title":{"rendered":"UK households saving \u00a3500 a month thanks to trend sweeping social media"},"content":{"rendered":"

The trend is all over social media with savers using the hashtags #nospendchallenge or #nospendmonth.\"UKUK households saving \u00a3500 a month thanks to trend sweeping social media<\/p>\n

UK households are using the \u2018no spend\u2019 trend to save hundreds of pounds a month. <\/a>The trend is all over social media with savers using the hashtags #nospendchallenge or #nospendmonth.<\/p>\n

\u201cIt\u2019s basically talking about a set period of time where you make a concerted commitment to not spend money on things that aren\u2019t essential,\u201d explains Matthew Sheeran, Money Wellness collaboration partner and trained debt adviser.<\/a><\/p>\n

\u201cYou can still do your food shopping and pay your bills,\u201d says Sheeran. It\u2019s a chance to reset, budget better and \u201creally realise what you do and don\u2019t need\u201d, says Sheeran.<\/p>\n

READ MORE 10 most reliable and unreliable cars in UK – and it’s bad news for millions<\/a><\/p>\n

\u201cA lot of people will get a coffee every day just because that\u2019s what they do, it\u2019s part of their routine. They\u2019ll soon realise it\u2019s not something you actually have to do.\u201d<\/p>\n

\u201cYou might find it easier to save \u00a3200 or \u00a3500 a month to start saving for life\u2019s bigger purchases,\u201d he said. \u201cYou can make the choice of what you want to spend that money on rather than just naturally frittering it away throughout the month on non-essentials.\u201d<\/p>\n

\u201cIt really can reduce stress and provide that sense of control over your money, which empowers people and makes them feel better,\u201d says Sheeran.<\/p>\n

\u201cIf you are wanting to make a conscious impact to reduce your carbon emissions, lose weight or improve your lifestyle, then it doesn\u2019t have to just be about money,\u201d says Sheeran.<\/p>\n

\u201cIf you\u2019re thinking, \u2018I\u2019m not actually struggling,\u2019 or, \u2018I am able to save some money,\u2019 it doesn\u2019t mean this isn\u2019t for you. Think about what matters to you, and it might still be worthwhile.\u201d<\/p>\n

But Mr Sheeran warns against “revenge spending” when the challenge ends.<\/p>\n

“Maybe in their mind, because they’ve not spent for a week, they think they can then splurge. It sets you back to square one,” he said.<\/p>\n","protected":false},"excerpt":{"rendered":"The trend is all over social media with savers using the hashtags #nospendchallenge or #nospendmonth.UK households saving \u00a3500…\n","protected":false},"author":2,"featured_media":223709,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14],"tags":[64,63,99,186,184,185,10894],"class_list":{"0":"post-223708","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-personal-finance","8":"tag-au","9":"tag-australia","10":"tag-business","11":"tag-finance","12":"tag-personal-finance","13":"tag-personalfinance","14":"tag-your-money"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/223708","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=223708"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/223708\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/223709"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=223708"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=223708"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=223708"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}