GOBankingRates works with many financial advertisers to showcase their products and services to our audiences.
These brands compensate us to advertise their products in ads across our site.
This compensation may impact how and where products appear on this site.
Commitment to Our Readers
GOBankingRates' editorial team is committed to bringing you unbiased reviews and information.
it’s possible for you to read more about oureditorial guidelinesand our products and servicesreview methodology.
Some people do this for a certain period of time, like a given month.
Heres how to tell if a no-spend month is right for you.
Plus, learn aboutthe mistakes youll want to avoid if you accept this challenge.
He explained that redirecting all non-essential spending tosavings or debt repaymentcan alleviate financial strain.
The best way is to create a budget and plan ahead for any future emergencies.
This can be even more effective if you store your savings in the right account.
Look to ahigh-yield savings accountso your money will grow faster.
He added this can help you declutter your space and live amore minimalist lifestyle.
Its not easy, but it can be very rewarding when you successfully complete the challenge.
More From GOBankingRates
Share This Article:
The Latest inSaving Money
