No Spend Challenge: another toxic trend destroying our relationship with finance
Everybody raise your hands, they’ve had a stupid one in their lives diet have tried, which had absolutely nothing to do with nutritional knowledge and more or less just from waiver duration. Well, caught? Don’t worry, because the majority of people have made the mistake of basing their dietary changes on the knowledge of a run-of-the-mill magazine that only wanted to talk you into even more unnecessary complexes. Joining this collection of toxic diet trends is a method that has nothing to do with what we eat: the No Spend Challenge. Participants have made it their mission, with their help Money to save – doesn’t sound so bad at first, does it? However, you can find out here what an unhealthy way of thinking is behind it and why giving up is not a solution for better money management.
No-Spend-Challenge: This is behind the alleged hack to save
Another day, another savings trick: the no-spend challenge is being talked about more and more at the moment. What this is all about is quite simple: participants should not spend any money on “unnecessary” things for a certain period of time, which can be between one week and several months. Fixed contributions such as rent and the like are taken into account, but apart from the essential expenses, the wallet should remain closed. The no-donors can share their progress and milestones on social media with like-minded people and get their applause.
Doesn’t sound so bad at first, does it? Forgoing unimportant costs promotes the conscious use of money, doesn’t it? For some, this may actually be an effective way to save that doesn’t affect them negatively. After all, if we’re being honest, many of us could do without one or the other coffee to go, for example. This would save us a few euros in the long run, which we could invest more sensibly. However, this trend reminds us more of a thousand diets that manipulate one’s own relationship to food – in this case money.
This content can also be viewed on the site it originates from.
No-Spend-Challenge: through strict abstinence finally to the goal – does something ring?
Maybe the one or the other will still ring the alarm bells when they hear the keyword “crash diet”. This form of diet change – if you can still call it that – is all about losing a lot of weight in an extremely short time. And how do you do that? Of course with strict reductions and waivers. It is now obvious that this is anything but healthy for you. Nonetheless, many of us were probably lured when we were younger with promises of fast weight loss on this diet and are still branded by it to this day.
Of course, this method has no positive effect at all in the long term. At some point the yo-yo effect usually catches up with you and you end up back in your usual patterns. And that’s exactly why we frown on the no-spend challenge: How is a technique where we radically and unsustainably reduce our spending to zero supposed to help us anything in the long run? Imagine that for a month you have given up every purchase that does not exactly ensure your survival, aka everything that brings you joy. Don’t you think that at some point you’ll get so tempted that you’ll pull out your EC card more or less uncontrollably and book the whole thing as a “cheat day”? In any case, one thing is clear: you will feel absolutely horrible afterwards, and a healthy relationship with money and finances in general is not part of your reality.
No-Spend-Challenge-Alternative: It is better to shop consciously than to do without completely
If there’s one thing we’ve taken away from our disastrous diet experiences, it’s this: Permanent abstinence is usually not the best solution. Rather, it’s about consciously choosing what to put in your body, rather than just consuming whatever comes your way. Exactly the same applies to finances: as long as we actively make the purchase decision and think honestly about whether we really need this item, we don’t waste our money on unnecessary things.
All in all, it’s about not simply throwing your financial resources out the window thoughtlessly. This does not require any toxic savings tricks that want to convey to you that you should absolutely never treat yourself to anything. Of course you can pick a few details that work for you. For example, it can’t hurt to do something with friends every now and then that doesn’t cost anything. At the end of the day, we’ve all earned our money hard and therefore have every right to spend it on things that make our hearts beat faster – even if they sometimes don’t make much sense.