Recently, my husband was picking up another delivery box from our front porch when he said, "It’s really freaking me out that we have a delivery driver walking up to our house multiple times a day every day."
I crossed my arms in front of my chest. "Honeyyy, I ordered stuff the kids need for school."
He crossed his arms in front of his chest. "That’s not all you’ve ordered. I think we need to take a break from spending on stuff we don’t need."
I nearly laughed, but held back. "The kids are starting school in a few weeks. How are we just not going to spend when there are still school supplies to get? Stuff for their lunches? New clothes?"
"No Spend Challenge," he repeated. "We should do it."
No Spend Challenges are an active decision to re-evaluate and cut back on your spending.
During a No Spend Challenge, you don’t stop spending money on the things you need because certainly you need food and shelter, and not paying bills, your rent/mortgage etc, could put those things at risk.
Watch: 5 money lessons your parents told you, that you should probably forget. Story continues below.