{"id":789658,"date":"2026-10-02T13:22:14","date_gmt":"2026-10-02T13:22:14","guid":{"rendered":"https:\/\/www.newsbeep.com\/uk\/789658\/"},"modified":"2026-10-02T13:22:14","modified_gmt":"2026-10-02T13:22:14","slug":"could-the-no-spend-challenge-change-your-financial-habits","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/uk\/789658\/","title":{"rendered":"Could the no-spend challenge change your financial habits?"},"content":{"rendered":"

In a world where we are constantly bombarded by advertising urging us to “spend, spend, spend” \u2013 the viral no-spend challenge can help us resist mindless consumerism.<\/p>\n

It\u2019s not just about turning an old-fashioned skill like thriftiness into a social media challenge, but also a way for people to understand the impulse triggers that make them press that “spend” button and help them break that cycle.<\/p>\n

Louise Hill, founder of GoHenry, the UK’s pocket money and financial education app for kids and teens, explains, “The no-spend challenge is a financial reset, which is when you commit to spending zero money on non-essential items for a set period.<\/p>\n

\"Woman<\/p>\n

“It shows you where you spend your money, so that you take more accountability for your purchases. It creates a really clear categorisation in your mind about what your true \u2018needs\u2019 are versus your \u2018wants\u2019.”<\/p>\n

Hill also sees it as a “good way to exercise a really important muscle \u2013 your money skills muscle”. She adds, “By learning to prioritise your spending and delaying instant gratification, it\u2019s a really useful way of testing yourself and taking back control. Turning it into a challenge is a fun and interesting way to do it \u2013 it\u2019s a more positive way of saving money.”<\/p>\n

Hill explains the rules\u2026<\/p>\n

Set a time duration<\/p>\n

It\u2019s important to treat this exercise as a circuit breaker rather than an extreme lifestyle trend \u2013 or you\u2019ll fall off the wagon.<\/p>\n

Hill advises, “I would start with a weekend, or maybe a week, but many people seem to be setting themselves a challenge for doing it for a month, which I still think is quite hardcore but can help if major savings need to be made.”<\/p>\n

She adds, “You must be clear to yourself and family and friends how long you\u2019re doing this for before you start.”<\/p>\n

\"Young<\/p>\n

Ban non-essential items<\/p>\n

This is the tough bit and probably a good time to go through expenditure with a fine-tooth comb and decide whether things like subscriptions count as non-essential.<\/p>\n

“You need to decide your categories of essentials and non-essentials,” says Hill. “But I would simplify that into \u2018needs\u2019 and \u2018wants\u2019 \u2013 that will help you guide your spending. If you categorise it into your needs, you\u2019ll probably get a shock at how much of it is non-essential.”<\/p>\n

She explains the basic differences: “Essentials or needs are rent or mortgage payments, essential groceries, utility bills, transport and debt payments.<\/p>\n

“While non-essential or wants are eating out, online shopping, clothes, entertainment, buying extras for your house and takeaway coffees.”<\/p>\n

\"<\/p>\n

Tricks to avoid spending<\/p>\n

\u2022 Use up surplus food in the fridge and the kitchen cupboards.
\u2022 Meal prep on Sunday and bring packed lunches to work.
\u2022 Use surplus food apps such as Olio and Too Good To Go.
\u2022 Wait for 72 hours before buying something.
\u2022 Go for a \u2018walk and think\u2019 after trying on clothes in a shop.
\u2022 Rather than meet at a pub, host a games night at home.
\u2022 Meet friends for free leisure activities like walks in the park and picnics.
\u2022 Use the library rather than buy books.
\u2022 Delete online shopping accounts to make it difficult.
\u2022 Remove saved credit cards from your phone.<\/p>\n

Spotting impulse triggers<\/p>\n

The instant gratification of spending activates the brain\u2019s pleasure circuits and releases dopamine \u2013 which is why you feel good after splurging on a new coat.<\/p>\n

But Hill advises, “Waiting builds patience and decision-making discipline, and if you get to the end of a month without spending anything on non-essentials, that will give you a huge sense of achievement rather than just a quick buzz.”<\/p>\n

She makes the point, “This is not about removing all pleasure but making you more mindful about what adds value to your life and what you actually want to spend your money on.”<\/p>\n

And it might be worth keeping a mental note of your “almost purchases” to help you understand why you\u2019re spending in the first place \u2013 whether it\u2019s emotional or out of boredom.<\/p>\n

\"woman<\/p>\n

The immediate bonus<\/p>\n

It\u2019s important to have a job for your saved cash so it doesn\u2019t just get frittered away the following month. Unless you have a debt to pay off, it could be used to build an emergency fund, or moved into a high-interest savings account rather than left in a current account.<\/p>\n

Hill says, “It\u2019s best to always immediately move money into a savings pot so you can see the results as you save. And have a plan to do something with it so you can feel the benefit of all your hard work.”<\/p>\n

The long-term benefits<\/p>\n

The extra cash always comes in handy, but Hill believes this exercise will reset future financial habits. She says, “This might have started as a TikTok challenge, but if it\u2019s getting people to think about whether they truly need to spend money, then it\u2019s a really useful exercise, especially in a cost-of-living crisis.<\/p>\n

“And even when they relax the reins, most people will find they spend less. If they manage the challenge for a month, future spending patterns will be different because they will be more mindful about where they spend their money.”<\/p>\n","protected":false},"excerpt":{"rendered":"In a world where we are constantly bombarded by advertising urging us to “spend, spend, spend” \u2013 the…\n","protected":false},"author":2,"featured_media":789659,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14],"tags":[84,4176,4174,4175,56,54,55],"class_list":["post-789658","post","type-post","status-publish","format-standard","has-post-thumbnail","category-personal-finance","tag-business","tag-finance","tag-personal-finance","tag-personalfinance","tag-uk","tag-united-kingdom","tag-unitedkingdom"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/789658","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/comments?post=789658"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/789658\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media\/789659"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media?parent=789658"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/categories?post=789658"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/tags?post=789658"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}