{"id":198400,"date":"2025-12-23T18:19:08","date_gmt":"2025-12-23T18:19:08","guid":{"rendered":"https:\/\/www.newsbeep.com\/nz\/198400\/"},"modified":"2025-12-23T18:19:08","modified_gmt":"2025-12-23T18:19:08","slug":"32-year-old-saves-over-1700-with-cash-only-challenge","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/nz\/198400\/","title":{"rendered":"32-year-old saves over $1,700 with cash-only challenge"},"content":{"rendered":"

From holiday gifts and travel to decadent meals, the end-of-year season may mean more spending<\/a> for many, but one content creator is embracing saving during the holidays.<\/p>\n

Chase Gohl resolved to spend only cash for one month and documented the 30-day challenge on TikTok<\/a>.<\/p>\n

“The idea is you can really stick to a more strict budget when you’re only using cash and not giving yourself the free will to tap or swipe a card at any moment’s notice, the idea being you can limit those impulse purchases and you start to feel the money leaving your hand, which makes more of a mental impact,” Gohl told ABC News.<\/p>\n

<\/p>\n

Content creator Chase Gohl said he wanted to use only cash to pull himself out of debt.<\/p>\n

indenverindebt\/TikTok<\/p>\n

For November, Gohl aimed to chip away at his goal of pulling himself out of deep debt. The 32-year-old gave himself a cash budget of $500 for food, entertainment and gas, less than half of what he would normally spend in a month as a marketing professional in Denver, Colorado.<\/p>\n

Gohl said the cash-only challenge wasn’t easy, and because more businesses are going cashless, planning ahead was crucial.<\/p>\n

“I would call ahead just to make sure that they took cash because I didn’t want to look silly showing up [and] be like, ‘Oh, I only got cash,'” said Gohl.<\/p>\n

After 30 days, Gohl came in within his budget and ended up saving $1,700. He said he also paid off a significant portion of his debt.<\/p>\n

For others looking to start their own cash-only challenge, Gohl recommended staying mindful of purchases.<\/p>\n

“Even if you don’t save any money one particular day, or maybe you spend a lot of money one particular day, just having that mindfulness, that’s one small step towards your goal,” he said.<\/p>\n

Gohl said although he achieved his budgeting goal, he isn’t planning on repeating the cash-only challenge, because it was difficult. However, he said he is planning on keeping up with frugal habits, like sticking to a monthly budget and using coupons whenever possible.<\/p>\n