

In today’s economy, we’re always looking for ways to stretch every dollar. However, the allure of new gadgets, trendy clothes, and the latest dining spots can often lead to impulsive spending. An iced latte here and an Uber Eats delivery there, topped off by a spontaneous online order can add up over time.
For those seeking to curb frivolous expenses and adopt a more mindful approach to their finances, participating in a no-spend month could be the solution to gaining control over their spending.
What Is the No-Spend Month Challenge?
The no-spend month challenge is a personal finance exercise where individuals commit to not spending money on non-essential items for a specific period. This could mean cutting off a subscription service, limiting your nights out for drinks, pulling back on online shopping, and holding off on big, spontaneous purchases to see how much you’d save over the month. The challenge encourages participants to evaluate their spending habits, identify areas of unnecessary expenditure, and redirect their financial focus toward savings and debt reduction.
This spending requires one to differentiate between needs and wants, with the base necessities being food, transportation, housing, essential bills, and medical/mental health expenses.
Preparing for a No-Spend Month
When embarking on a no-spend month, proper preparation is key to ensure you make the most out of the experience.
Financial expert and founder of The Frugal Feminista, Kara Stevens, says that having a compelling “why” can serve as a motivator to endure the ups and downs of the challenge, especially if it's your first time. “Have a clear idea of what your goals and outcomes are for the challenge. Do you want to be grateful for what you have? Do you want to save a certain amount of money?” she tells xoNecole. “Know what's going to be your ‘after-no-spend challenge' sustainability plan because we're hoping that your habits and your perspective on spending are changing and that you find a way to make that a part of your life after the challenge.”
One of the initial catalysts for the recent popularity of the no-spend challenge is to combat “revenge spending.” This spending habit, triggered by the “life is short” reality of the pandemic, has caused many of us to want to make up for lost time or missed experiences, which can lead to reckless financial decisions and jeopardize future stability.
Because of this, Stevens advises us to reframe our thinking around revenge spending to avoid putting our financial future at risk.
“Try and shift your perspective on revenge spending and say, yes, I want to live my best life, but how can I spend it responsibly?” she says. “How can I revenge spend on a budget? How can I remove the idea of revenge spending from my lexicon and just live well and plan systematically so it doesn't take away from my future financial goals?”
The Benefits of Having a No-Spend Month
Taking part in a no-spend month has a number of benefits, one of which is the self-awareness and gratitude you gain by cutting out non-essential purchases. “You’re more financially self-aware because you're only thinking about what you deem as essentials,” Stevens says. “It can also make you more resourceful because you have to use what you have in your home, rather than going out and shopping.”
Those who take part in the challenge often find they become more intentional with their purchases, distinguishing between what they truly need and what they can do without. The money saved over this course of time can then be redirected towards paying off debt, building an emergency fund, or being put into a sinking fund.
Due to the rigid nature of the challenge, Stevens says that it’s important to have a sustainable framework to follow the no-spend challenge to avoid reverting to old habits. “It can be like "yo-yo dieting,” she explains. “If you were very strict for a certain period, but didn’t create any type of habit or change of mind to continue with it, you could resort back to revenge spending, ironically.”
Things to Keep In Mind
While it may seem like just another financial trend, taking part in a no-spend month can provide precious data about not just how much money you spend but also your mindset and relationship around money. You can observe how your feelings about money change and highlight areas of improvement. Alternatively, you can even start a sinking fund that allows you to put money aside for large purchases or personal experiences.
Ultimately, it’s not that spending money is bad, it’s about how you approach spending in a responsible way that ensures your financial security and success in the long run.
Let’s make things inbox official! Sign up for the xoNecole newsletter for love, wellness, career, and exclusive content delivered straight to your inbox.
Featured image by Evgeniia Siiankovskaia/Getty Images
Originally published on July 5, 2024
- How To Start A Financial Wellness Journey When You're Completely Broke ›
- Define The Bag You're Chasing Before It Defines You ›
- Meet The Entrepreneur Who Believes Wealth Is In The Mindset Of The Beholder ›
Aley Arion is a writer and digital storyteller from the South, currently living in sunny Los Angeles. Her site, yagirlaley.com, serves as a digital diary to document personal essays, cultural commentary, and her insights into the Black Millennial experience. Follow her at @yagirlaley on all platforms!
Eva Marcille On Starring In 'Jason’s Lyric Live' & Being An Audacious Black Woman
Eva Marcille has taken her talents to the stage. The model-turned-actress is starring in her first play, Jason’s Lyric Live alongside Allen Payne, K. Michelle, Treach, and others.
The play, produced by Je’Caryous Johnson, is an adaptation of the film, which starred Allen Payne as Jason and Jada Pinkett Smith as Lyric. Allen reprised his role as Jason for the play and Eva plays Lyric.
While speaking to xoNecole, Eva shares that she’s a lot like the beloved 1994 character in many ways. “Lyric is so me. She's the odd flower. A flower nonetheless, but definitely not a peony,” she tells us.
“She's not the average flower you see presented, and so she reminds me of myself. I'm a sunflower, beautiful, but different. And what I loved about her character then, and even more so now, is that she was very sure of herself.
"Sure of what she wanted in life and okay to sacrifice her moments right now, to get what she knew she deserved later. And that is me. I'm not an instant gratification kind of a person. I am a long game. I'm not a sprinter, I'm a marathon.
America first fell in love with Eva when she graced our screens on cycle 3 of America’s Next Top Model in 2004, which she emerged as the winner. Since then, she's ventured into different avenues, from acting on various TV series like House of Payne to starring on Real Housewives of Atlanta.
Je-Caryous Johnson Entertainment
Eva praises her castmates and the play’s producer, Je’Caryous for her positive experience. “You know what? Je’Caryous fuels my audacity car daily, ‘cause I consider myself an extremely audacious woman, and I believe in what I know, even if no one else knows it, because God gave it to me. So I know what I know. That is who Je’Caryous is.”
But the mom of three isn’t the only one in the family who enjoys acting. Eva reveals her daughter Marley has also caught the acting bug.
“It is the most adorable thing you can ever see. She’s got a part in her school play. She's in her chorus, and she loves it,” she says. “I don't know if she loves it, because it's like, mommy does it, so maybe I should do it, but there is something about her.”
Overall, Eva hopes that her contribution to the role and the play as a whole serves as motivation for others to reach for the stars.
“I want them to walk out with hope. I want them to re-vision their dreams. Whatever they were. Whatever they are. To re-see them and then have that thing inside of them say, ‘You know what? I'm going to do that. Whatever dream you put on the back burner, go pick it up.
"Whatever dream you've accomplished, make a new dream, but continue to reach for the stars. Continue to reach for what is beyond what people say we can do, especially as [a] Black collective but especially as Black women. When it comes to us and who we are and what we accept and what we're worth, it's not about having seen it before. It's about knowing that I deserve it.”
This interview has been edited for length and clarity.
Let’s make things inbox official! Sign up for the xoNecole newsletter for love, wellness, career, and exclusive content delivered straight to your inbox.
Feature image by Leon Bennett/WireImage
'Leave Quicker': Keri Hilson Opens Up About Learning When To Walk Away In Love
What you might call Black love goals, Keri Hilson is kindly saying, “Nah.”
In a recent appearance on Cam Newton’s Funky Friday podcast, the We Need to Talk: Love singer opened up about a past relationship that once had the public rooting for her and former NBA star Serge Ibaka. According to Cam, the pair looked “immaculate” together. Keri agreed, admitting, “We looked good.” But her demeanor made it clear that everything that looks good isn't always a good look for you.
That was all but confirmed when Cam asked what the relationship taught her. Keri sighed deeply before replying, “Whew. Leave quicker.”
It was the kind of answer that doesn’t need to be packaged to be received, just raw truth from someone who’s done the work. “Ten months in, I should have [left],” she continued. “But I was believing. I was wanting to not believe [the signs].”
Keri revealed to Cam that despite their efforts to repair the relationship at the time, including couples counseling, individual therapy, and even sitting with Serge’s pastor, it just wasn’t meant to be. A large part of that, she said, was the seven-year age gap. “He was [in his] mid-twenties,” she said, attributing a lot of their misalignment to his youth and the temptations that came with fame, money, and status.
“There were happenings,” she shared, choosing her words carefully. “He deserved to live that… I want what you want. I don’t want anything different. So if I would’ve told him how to love me better, it would’ve denied him the experience of being ‘the man’ in the world.”
But she also made it clear that just because you understand someone’s path doesn’t mean you have to ride it out with them. Instead, you can practice compassionate detachment like our girl Keri. “You can have what you want, but you may not have me and that.”
When Cam jokingly questioned what if there was a reality where a man wanted to have both “you and a dab of that,” Keri didn’t hesitate with her stance: “No,” adding, “I can remove myself and [then you] have it. Enjoy it.” Sis said what she said.
Still, she shared that they dated for a couple of years and remain cool to this day. For Keri, being on good terms with an ex isn’t a sign of weakness; it's a reflection of where she is in her healing. In a time when blocking an ex is often seen as the ultimate sign of growth, Keri offers an alternate route: one where healing looks like resolution, not resentment. “I think because I have such a disgust for ugliness in my life. Like, I don't do well without peace between me and everyone in my life. Like, I really try to resolve issues,” she explained to Cam.
Adding, “I think that's what makes things difficult when you're like sweeping things under the rug or harboring ill feelings towards someone. When you're healed, when you've done your work, you can speak to anybody when you've healed from things. I think maybe that's the bottom line.”
Watch Keri's appearance on Funky Friday in full here.
Let’s make things inbox official! Sign up for the xoNecole newsletter for love, wellness, career, and exclusive content delivered straight to your inbox.
Featured image by Paras Griffin/Getty Images