While you may be familiar with No-Shave November, there is another “No” campaign during the month that is a bit more beneficial to your bank account — No-Spend November. The concept is relatively simple: Only spend money on necessities during the month of November. It’s all about cutting out unnecessary costs so you can have financial peace of mind when the holidays come around and threaten to drain your savings. Even if you don’t splurge during the holiday-heavy month of December, No-Spend November is the perfect way to save money for 30 days, to help you take control of your finances.
Before embarking on this noble quest, you must set some ground rules, since what qualifies as a necessity depends on who you are. Unless you are truly a blessed person who has no debt, then I (personally) qualify necessities as: bills, food from a grocery store or market, commute to work, and anything health-related. Unfortunately, banks, your landlord, and student loan companies are not known to honor No-Spend November, but this list of tips can help you do your best at eliminating all other spending so that the rest of your year can be (relatively) flush with cash.