This No-Spend Challenge Could Unlock Financial Freedom That You’ve Never Seen Before

Veuer

Join the movement! No-spend January has taken social media by storm, but what drives thousands to say no to spending for a month? For Huffpost’s Rebecca Sowden, it's about breaking free from endless browsing and regaining control over finances. Veuer’s Maria Mercedes Galuppo has the story.

Transcript

00:00Join the movement. No Spend January has taken social media by storm.

00:05But what drives thousands to say no to spending for a month?

00:09The off-post Rebecca Soudan says it's about breaking free from endless browsing and regaining control over finances.

00:17But we know it's not as easy to hold back in a world of consumerism.

00:22Battling FOMO spending can be key though.

00:25Discovering the deeper motivations behind her purchases, online temptations, and impulse buying will put you to the test.

00:33Yet each obstacle unveils profound lessons about self-control and mindful spending.

00:39Consider making small changes like bringing lunch, brewing coffee at home, and saving on utilities.

00:45Resist impulse buys by waiting a week and use Bankrate's 50-30-20 rule.

00:5150% to essentials, 30% to wants, and 20% to savings.

00:56Always keep in mind your why.

00:58The path to financial freedom is yours.

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