9th September 2024
A no spend month is a popular challenge where you commit to limiting your spending for a month to only essential purchases. It’s a great way to reset your budget and curb unnecessary expenses, so last month we surveyed how many people have given it a try.
14% of those surveyed have embraced a no spend month, finding it an effective strategy to temporarily curb spending. Meanwhile, a significant 38% have opted for a more targeted approach, focusing on specific categories like clothing. This method allows for more flexibility while still encouraging mindful spending.
24% of respondents think a no spend month is a great idea but haven’t yet taken the plunge, while the last 24% are content with their current budget and spending habits, indicating that not everyone feels the need for a spending reset.
| Have you attempted, or would you attempt, a no spend month? | Results |
Yes, it’s a great way of curbing my spending for a period of time | 14% |
I do it for certain spending categories, for example no spending on clothes for a month | 38% |
I think it’s a good idea, but haven’t given it a go | 24% |
No, I’m happy with my budget and spending habits | 24% |
This time we’re asking for your opinion on goody bags at parties, let us know your thoughts here.