"Reimagining your spending and saving habits doesn't have to be boring, and can set you up financially for the coming autumn and winter months"
"No-spend challenges, which encourage people to go on a spending fast by abstaining from buying anything but the bare essentials, have been de rigueur on social media in recent years."
"Pursuing the "nospendseptember" challenge - which involves only spending money on necessities such as rent or mortgage payments, groceries, utility bills, and fuel for your car throughout the month - makes sense. After all, much of the back-to-school expenses have already been incurred, the carefree holiday spending is behind you, and you still have financial breathing space before expenses start to rack up due to winter energy bills and Christmas."
No-spend challenges encourage people to go on a spending fast by abstaining from buying anything but the bare essentials. TikTok has popularized September as a month for the "nospendseptember" challenge. The challenge typically limits spending to necessities such as rent or mortgage payments, groceries, utility bills, and fuel for a car. September timing aligns with after back-to-school costs and before winter energy bills and holiday spending increase. Reimagining spending and saving habits through this approach can make budgeting feel less tedious while building financial breathing space before higher-cost months.
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