Saving is a necessity if you ever want to improve your finances, prepare for the future, or build wealth. It’s certainly a hot topic as everyone scrambles to find new and interesting ways to save and cut down expenses whether it’s a cheaper phone or cable bill or a sale, discount, or cashback rewards program.
If you ask me we’re all forgetting the most important, most effective (not to mention the easiest) way to save. Stop spending money on stuff period!
It’s a pretty obvious conclusion that if we stop spending money on various things every day, we will instantly save a nice chunk of money. When you really think about it, do we really need to spend money every single day? For me, the answer is no as I’m starting to realize I can get by just fine without making a daily purchase.
The best way to train yourself to stop spending period is by having a No Spend Week. It’s simply the best way to save money by far.
Related: 50 Everday Expenses You Need to Stop Spending Money On
Understanding Minimalism
Minimalism is a lifestyle that forces intentionality. It allows freedom from the passion to possess more and more things. Minimalists are simplistic and prefer not to deal with lots of clutter and material possessions. Thus, reducing the desire to purchase many items makes them ideal savers.
I wouldn’t really consider myself a true minimalist just yet but I do understand and respect this unconventional way of thought.
I say unconventional because consumerism keeps the economy going but it leaves us all with a house full of crap wondering Do I really need all this stuff? That’s when we get shows like “Clean House” and “Hoarding: Buried Alive” where the people look so depressed and unfulfilled with their lives.
Over time, I realized that relationships and experiences are more important to me than things, and I’m ok with not having the newest and the best of everything. I strongly recommend the idea of embracing minimalism even if you don’t consider yourself a textbook minimalist.
How to Not Spend Money For a Week
Now that we’ve explored the idea of living with less stuff, it’s time to plan and have a no spend week to generate instant savings. But first, what exactly is a no spend week? Basically, a no spend week is a week where you don’t spend any money.
This could mean that it’s a week where no money comes out of your account at all. Or, it could mean that the only money you spend is on bills and necessities. But, with a no spend week, you are stopping yourself from buying unnecessary items and keeping more money in your pocket.
And, it’s also easier to do or start with if you’re just getting into budgeting and saving. I’ve also done no spend months, and some people have done no spend years, but a week is a great place to start.
Here are some steps to get started.
Determine How Intense Your No Spend Week Will Be
The first thing you need to do is determine how intense your no spend week will be. While spending absolutely nothing the entire week would be ideal, there might be some necessities that need to be funded.
I usually set aside my gas money for the week to get around the area and continue to pay bills if their due date falls during my no spend week. But as far as anything else goes, my wallet remains closed.
Plan Your No Spend Week
Next, you’ll need to take some time to plan when your no spend week would work best for you. If you’re just starting out, I’d recommend choosing a week where there won’t be any major events like holidays or birthdays that will tempt you to spend.
Get The Whole Family Involved
If you have a family or spouse that you want to include in your no spend week, make sure you’re planning with them too. You can sit everyone down and have a meeting about how you’re going to achieve a no spend week, what purchases are allowed, and how you can all pull together to make it all work.
Prepare Yourself Mentally
Finally, you’ll need to prepare yourself mentally as well as plan out how you will navigate through your week without making any purchases. Figure out what type of food you’d like to eat and the free things you can do in or near your home to keep busy. Make it fun and invite your whole household to try a no spend week with you for added support.
Other Ways To Have A Successful No Spend Week
Besides having meetings and preparing, there are other practical tips to have a great no spend week. Here are a few that have worked well for me and my family.
Get Creative
Having a no spend week forces you to be creative and work with what you have.
This could mean:
- Trying out new recipes to diversify your meals ( I love to use the $5 Meal Plan for this)
- Making gifts with items you have around the house
- Defining new ways to entertain yourself
- Finding better ways to spend time with loved ones
- Finding side hustles to make money instead of spending it ( I love taking surveys and scanning my grocery receipts. It’s easy money!)
- Decluttering your space and making it into something you love seeing everyday
- And more
The creative ideas you come up with during your no spend week will continue to help you save money long after the week is over.
Related: Survey Junkie Review
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Find Free Things To Do
Along with getting creative during your no spend week, you can also find a ton of free things to do. There isn’t a shortage of fun and free activities that you can do by yourself, with your significant other, with family, and even with friends.
Here are just a few ideas:
- Have a popcorn and movie night (this is great if you don’t utilize your streaming apps enough)
- Have an indoor camping experience – build a fort, have smores, and just chat
- Go Hiking
- Play video games (if you already have them)
- Visit a free gallery or museum in your town
- Listen to some podcasts
- Read a new book or go to the library and spend time browsing
While there are so many other free things that you can do, this list should be able to help you get started.
Related: 75 Free Things To Do This Weekend
Ban the Stores and Make it Easy on Yourself
During a no spend week or a no spend weekend, you should avoid heading to the store at all costs. That way you won’t be tempted to buy anything. Just by not going to the store or buying any takeout you will save plenty of money, especially if you dine out normally, and you will have the opportunity to question those random impulse purchases you make every week.
Don’t Defeat the Purpose
Stocking up on extra goods the week before or after will only defeat the purpose of having a no spend week. The idea is to use the resources you have and keep your cabinets stocked all the times. If you get into the habit of planning meals that will help a lot. It’s also helpful to budget your essentials or home expenses each month and build up a good stock of toiletries and other essentials all the time.
That way, when you stop spending money for a week, you won’t feel like you’re down to the bare essentials. In the following weeks, it’s crucial that your resume following your monthly budget like normal. Just having a little self-control will prevent you from overspending to make up for the time you didn’t spend anything.
Related: Budgeting With A Low Income, Yes It’s Possible
Eat Through Your Cabinets
Speaking of well-stocked cabinets, be sure to follow a meal plan and budget wisely for groceries. You could also try a pantry challenge where you create meals from the items that you find in your pantry, fridge, and freezer.
If you plan on doing a pantry challenge, sites like SuperCook will allow you to add the ingredients you have on hand and will calculate recipes for you.
Related: Frugal Meal Ideas That Are Easy to Prep
Can You Do A No Spend Week?
While a no spend week may seem difficult at first, with some planning and preparation, it doesn’t have to be hard. These tips will keep you on board, and of course, accountability always helps. And think about it this way… you only have to do it for 7 days to start with!
Have you ever has a No Spend Week before? If so, how did it turn out?
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Tonya@Budget and the Beach says
Most of my weeks are very close to a no-spend challenge anyway! lol! I’m really frugal and pretty minimalist most of the time already, but I can see how it’s a good challenge for people who spend mindlessly. I know I definitely did spend like that at one point in my life not that long ago!
Chonce says
It’s great that you are already accustomed to spending less regularly. For me it was hard at first but it got much easier over time.
Jessica says
I have done No Spend Weeks in the past and they’ve been pretty successful. It’s a great way to make you think outside the box and see that you really don’t have to spend money all the time.
My weakness is also clothes and I’m attempting a year long shopping ban. Fifteen days in and it hasn’t been too challenging… yet! I can’t wait to hear more details about your shopping ban!
Chonce says
I think my favorite part of doing no spend weeks is how it makes me question my every day spending and seek out new and improved ways to do things.
A year long shopping ban sounds intense but maybe you can give me some tips for my shopping ban that will be starting Feb. 1. I already went into Kohls earlier today to walk around on my lunch break. BAD idea haha. Didn’t get anything but it was so tempting I’d rather just stay away.
Clarisse @ Make Money Your Way says
We just got purchased a home and right now we need to save a lot! I had a financial goal before but, failed to follow it but now we need to stick to our saving goal.
Chonce says
Hi Clarisse, not sure how your comment got to my spam folder. But congratulations on the new home! So exciting!! No spend weeks are really great to help jump start your savings by creating a habit of spending less. If you’re new to no spend weeks or don’t find it easy or a fun at first, I’d recommend starting slow with a ‘no spend weekend’ or choosing a week when you don’t have a lot going on. Good luck on saving!
Holly@ClubThrifty says
I am really good at not spending money during winter because I barely want to go anywhere! It makes it easy when the roads are icy and its 10 degrees outside. It’s literally a “spending freeze” over here. Ha!
Chonce says
Haha same here. I just tend to hibernate from time to time in the winter if there’s no real reason to go out and I’m perfectly fine with it.
Emily @ Simple Cheap Mom says
When I was first getting control of my spending, I did some no spend weeks. They really highlight all the unconscious spending you do on a daily basis.
Chonce says
Exactly! No spend weeks helped me out a lot when I was first trying to gain control of my spending and they still help me to this day when I need to save more or reign in my spending a bit to get back on track with my budget.
Jenna (@pfjenna) says
I’m a minimalist when it comes to stuff. The area where I struggle the most is eating out. That’s tough.
Chonce says
Eating out is tough, especially when there were so many options around you. But the best way I combat eating out is by planning my meals and adding some variety to my grocery list so I don’t wind up eating the same thing all the time and getting bored.
thesingledollar says
I tried a no-spend week last year and failed miserably 🙂 I think I just feel resentful and deprived, and it works better for me to have a certain amount of spending money (usually $60-80 for a week including groceries) and not go beyond that. The no-spend thing seems to work for a lot of folks though.
Chonce says
I probably wouldn’t last if I did a no spend week during a time when there was an important event or holiday. I would feel pretty deprived in that case. But doing a normal week I’m fine because I like the challenge to save and so many times I feel guilty after I spend money on something so a no spend week takes that feeling away.