Awesome August's No-Spend Days Challenge!

cathybird
cathybird Forumite Posts: 12,255
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edited 31 July at 8:33PM in Debt-free wannabe challenges
This challenge is all about helping people to save money by setting aside days every month where you deliberately don't spend unnecessary cash. Over the short term, it can help you have a more frugal month. Over the long term, if you stick with it, it can help change your mindset because you get out of the habit of frittering money away and start automatically holding off from spending instead. It also helps you delay purchases, which in turn means you lose interest in a lot of things you might otherwise impulse buy.

Another good thing with this challenge is we're all in it together, and people will help you on bad days and cheer you on on good days, and the support and accountability can really help make it easier to keep going with it. And if all else fails, there's always next month

To join, just post the number of no-spend days (NSDs) you're aiming for in August and you are on your way!

Tips for the challenge:
1. If you've never done the challenge before, it's probably simpler to start with a goal of 10 or (at most) 15.

2. It is fine to exclude necessary expenses eg petrol, groceries, pet food, etc, when it comes to deciding what is and isn't an NSD. It is also completely fine to exclude automated or recurring payments such as bills, mortgage or direct debits.

3. It does help to post every time you notch up an NSD, or at least every two or three days ... it's easy to lose track! If you want to keep track of your NSDs in your MSE signature, that can be really motivating too

4. It also helps to bookmark the thread, it's much easier to find.

5. NSDs are trickier than they seem and easily derailed. It can work better if you notch up as many days as you can in the first half of the month, or think of the month in thirds so if you're aiming for 10 NSDs, try to do 4 days in the first 10, 3 in the second and 3 in the third. And if you feel that you're falling behind, there's no shame in changing your target! Sometimes life just gets in the way, and the challenge should be fun, not a grind.

August

Off to a start = image
5 days = image

10 days = image

15 days = image
20 days = image Target reached = image Target beaten = image

2021 D: 93 2020 D: 96 2022 D: 15
«13456734

Comments

  • cathybird
    cathybird Forumite Posts: 12,255
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    edited 31 July at 12:09PM
    August targets
    beanielou 19
    BlackCoffeeNoSugar 10 cathybird 15 Crazycatlady2 Dizzy Imp GeorgianaCavendish 19 IndiJonesi jammy dodger KajiKita 15 lianne1984 LemonadeBudget 15 LittleMissDetermined 14 Makingabobor2 MrsCautious outoftheviciouscircle 15 QueenJess 15 Rupacomp 15 Saver-upper short bird 18 Newcomers welcome :)

    2021 D: 93 2020 D: 96 2022 D: 15
  • beanielou
    beanielou Forumite, Ambassador Posts: 86,572
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    Thanks @cathybird for the shiny new thread.
    I am a Forum Ambassador and I support the Forum Team on Mortgage Free Wannabe & Local Money Saving Scotland & Disability Money Matters. If you need any help on those boards, do let me know.Please note that Ambassadors are not moderators. Any post you spot in breach of the Forum Rules should be reported via the report button , or by emailing [email protected]. All views are my own & not the official line of Money Saving Expert.Lou~ Debt free Wanabe No 55 DF 03/03/14.**Credit card debt free 30/06/10~** MFW. Finally mortgage free February 2021**** "A large income is the best recipe for happiness I ever heard of" Jane Austen in Mansfield Park.***Fall down seven times,stand up eight*** ~~Japanese proverb.It starts with you, it starts from now. *** It is ok to be me.*** ***Keep plodding*** Out of debt, out of danger. ***Be the difference.***Weight loss. ** 2 stone 7 lbs.***
  • outoftheviciouscircle
    outoftheviciouscircle Forumite Posts: 681
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    I've been waiting for August to start this. Can I join with a target of 15 please.
    Debt Free Journey Began December 2022

    Total Debt Repaid- £16,480.47/£66,133.42


    Current Debt-£49,656.59


    My Debt Free Wannabe Diary
    https://forums.moneysavingexpert.com/discussion/6411146/the-final-bite-of-the-cherry-journey-to-clear-66k#latest

  • cathybird
    cathybird Forumite Posts: 12,255
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    hi outoftheviciouscircle image and welcome image I've added you to the list, best of luck with the challenge! image

    2021 D: 93 2020 D: 96 2022 D: 15
  • Rupacomp
    Rupacomp Forumite Posts: 177
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    After a pretty disastrous attempt in July, aiming for 15 again. 
    Savings goal by 31/12/24: £22000
    Sept 23: £6735 
  • LittleMissDetermined
    LittleMissDetermined Forumite Posts: 7,172
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    Thanks for starting the new thread @cathybird and welcome along to newbies :)
    Life gets in the way...PADding is addictive...Saving's better than spending...
    2023 1p challenge #11 | Cash envelope challenge #01 | SPC #017
    Sealed pot £3578.70 | EF £742/£1000 | Sabbatical £0/£10000 | Holiday fund £325 | General Saver £1411
  • cathybird
    cathybird Forumite Posts: 12,255
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    edited 31 July at 8:37PM
    Rupacomp said:
    After a pretty disastrous attempt in July, aiming for 15 again. 
    Rupacomp, I think "disastrous" is not being fair to yourself, 9 is good, and any NSD is better than none. x :) 

    2021 D: 93 2020 D: 96 2022 D: 15
  • KajiKita
    KajiKita Forumite Posts: 2,107
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    Loving the emojis for this month 🤩❤️
    I want the 20 NSDs one now …. 😂

    KK
    As at 28.08.2023:
    - £16,241 of target £10,000 YNAB savings pots and EF
    - When bought house £315,995 mortgage debt and end date at start = October 2039 <gulp>, now £265,505 end date reduced by 1 month (been catching up mortgage holiday during furlough) 
    - OPs to mortgage = £4,952 to date
    - LTV 52% @ccord, 51% Yopa
    Fixed rate 2.17% deal ends October 2024

    Proud member of Tilly-Tidy Club since January 2022:
    TOTAL for 2022 = £2,008.67
    Jan ‘23 £50.53, Feb £2.52, Mar £55.40, Apr £265.15, May £101.25, Jun £708.10, Jul £3.93, Aug £2.02

    Read 46 books of target 52 in 2023 (Last updated 28th September). 
    Produce tracker: £153.94 of £100 target 😊

    Watch your thoughts, they become your words. Watch your words, they become your actions. Watch your actions, they become your reality. 
  • LittleMissDetermined
    LittleMissDetermined Forumite Posts: 7,172
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    Checking in to declare this my first NSD of August. 
    LMD x
    Life gets in the way...PADding is addictive...Saving's better than spending...
    2023 1p challenge #11 | Cash envelope challenge #01 | SPC #017
    Sealed pot £3578.70 | EF £742/£1000 | Sabbatical £0/£10000 | Holiday fund £325 | General Saver £1411
  • beanielou
    beanielou Forumite, Ambassador Posts: 86,572
    Part of the Furniture 10,000 Posts Mortgage-free Glee! Name Dropper
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    Kicking off with no 1 today. 
    I am a Forum Ambassador and I support the Forum Team on Mortgage Free Wannabe & Local Money Saving Scotland & Disability Money Matters. If you need any help on those boards, do let me know.Please note that Ambassadors are not moderators. Any post you spot in breach of the Forum Rules should be reported via the report button , or by emailing [email protected]. All views are my own & not the official line of Money Saving Expert.Lou~ Debt free Wanabe No 55 DF 03/03/14.**Credit card debt free 30/06/10~** MFW. Finally mortgage free February 2021**** "A large income is the best recipe for happiness I ever heard of" Jane Austen in Mansfield Park.***Fall down seven times,stand up eight*** ~~Japanese proverb.It starts with you, it starts from now. *** It is ok to be me.*** ***Keep plodding*** Out of debt, out of danger. ***Be the difference.***Weight loss. ** 2 stone 7 lbs.***
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